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October 26, 2012
Dow Chemical and DuPont announced separate plans to deepen restructuring efforts. Dow says it will eliminate approximately 2,400 positions, or 5% of its global workforce, citing...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Chemical-DuPont-announce-job-cuts-as-weakness-persists_47264.html
October 26, 2012
P otashCorp reported a drop in third quarter earnings—down 22% to $645 million, or 75 cts/share. Reported adjusted earnings per share of 74 cts/share were lower than analyst...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-reports-drop-in-earnings-potash-sales-volumes-up_47265.html
October 26, 2012
The US Department of Justice says a grand jury has indicted South Korea’s Kolon Industries and five of its executives for criminal trade secrets theft. At issue is the alleged theft...
http://www.chemweek.com/sections/business_finance/usa_americas/US-indicts-Kolon-Industries-for-theft-of-trade-secrets_47266.html
October 26, 2012
Specialty chemical companies beat lowered analysts’ expectations for the most part despite what most producers characterized as a difficult and uncertain economy. Volumes were...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-beat-lowered-estimates-amid-hazy-outlook_47270.html
October 26, 2012
Panetta: Awareness is growing, but is still low. US Secretary of Defense Leon Panetta says that the United States is increasingly vulnerable to coordinated cyber attacks that could...
http://www.chemweek.com/sections/business_finance/usa_americas/US-defense-secretary-warns-of-cyber-attacks-targeting-infrastructure_47271.html
October 26, 2012
Baker: Refining portfolio to focus on core businesses. Ecolab has agreed to acquire oilfield chemicals firm Champion Technologies (Houston), for $2.2 billion. Champion has about 3,300...
http://www.chemweek.com/sections/business_finance/usa_americas/Ecolab-to-acquire-oilfield-chemicals-firm-for-$2-2-billion_47272.html
October 16, 2012
Ferro says it is considering the sale of its solar pastes business, as the company cut guidance because of weakness in that sector. The sale is an effort to eliminate the...
http://www.chemweek.com/sections/business_finance/usa_americas/Ferro-considering-sale-of-solar-pastes-business_46913.html
October 12, 2012
The Nobel Prize in Chemistry for 2012 has been awarded to Robert Lefkowitz and Brian Kobilka for their studies of G-protein-coupled receptors. Their research revealed the inner...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemistry-Nobel-awarded-for-protein-receptor-discovery_46914.html
October 12, 2012
The US Department of Commerce has set final tariffs of about 18–250% for solar photovoltaic cells imported from China, a decision that drew sharp criticism from Chinese...
http://www.chemweek.com/sections/business_finance/usa_americas/US-sets-tariffs-of-up-to-250-percent-on-solar-cells-from-China_46915.html
October 12, 2012
Cytec says is selling its coating resins business to private equity firm Advent International (New York) for $1.15 billion. The business generated revenue of $1.6 billion in 2011. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-to-sell-coating-resins-to-Advent-for-$1-15-billion_46935.html
October 12, 2012
BP says it plans to sell its Texas City, TX, refinery and part of its retail and logistics network to Marathon Petroleum for $2.5 billion. BP, in 2011, announced plans to divest the...
http://www.chemweek.com/sections/business_finance/usa_americas/BP-sells-Texas-City-refinery-to-Marathon-for-$2-5-billion_46937.html
October 12, 2012
IC Potash Corp. (ICP; Toronto) has awarded SNC-Lavalin (Montreal) a contract to develop sections of the feasibility study of ICP’s Ochoa sulphate of potash (SOP) project at Lea...
http://www.chemweek.com/sections/business_finance/usa_americas/ICP-Potash-awards-contract-for-feasibility-study_46938.html
October 12, 2012
Lubrizol says it will build a chlorinated polyvinyl chloride (CPVC) resin and compounding manufacturing facility at Deer Park, TX. The company is investing about $125 million over a...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-to-build-CPVC-plant-in-Texas_46940.html
October 12, 2012
Saltigo (Langenfeld, Germany), a Lanxess subsidiary, says it has decided to discontinue production at the company’s Redmond, WA, site and that it has abandoned a previously announced...
http://www.chemweek.com/sections/business_finance/usa_americas/Saltigo-to-shut-US-site-abandons-expansion-plans_46941.html
October 12, 2012
Dow Chemical’s AgroSciences unit has acquired the assets of Cal/West Seeds (Woodland, CA), a leading supplier of alfalfa, clover, and other crops to seed companies and growers in...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-boosts-forages-presence-with-purchase-of-CalWest-Seeds_46942.html
October 5, 2012
Health Canada says its reassessment of bisphenol A (BPA) in food packaging indicates current exposure levels are not high enough to cause concern about adverse health effects in adults...
http://www.chemweek.com/sections/business_finance/usa_americas/Canada-BPA-review-upholds-use-in-food-packaging_46732.html
October 5, 2012
Evonik Industries has started basic planning for a large-scale methyl methacrylate (MMA) production plant at the company’s Mobile, AL complex. The investment in the project will...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-plans-to-build-US-MMA-plant_46742.html
October 5, 2012
ExxonMobil Chemical says it will invest $215 million to increase capacity for synthetic lubricant base stocks and lubricants blending and packaging operations at its Baton Rogue, LA...
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobil-Chemical-to-expand-lubricants-production-in-Louisiana_46743.html
October 5, 2012
Chao: Ethylene, chlorine expansions boost integration. Westlake Chemical says it will convert its Calvert City, KY ethylene plant from propane to ethane feedstock as it seeks to take...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-to-increase-ethylene-PVC-capacity_46744.html
October 5, 2012
The US Court of Appeals for the Fourth Circuit (Richmond, VA) has temporarily lifted an injunction issued last month ordering South Korea’s Kolon Industries to halt production of...
http://www.chemweek.com/sections/business_finance/usa_americas/Court-lifts-injunction-on-Kevlar-competitor-pending-appeal_46745.html
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