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March 1, 2013
A federal jury has ordered Dow Chemical to pay $400 million to plaintiffs in a urethane chemicals price-fixing class-action lawsuit. Under federal antitrust law, the damages could be...
March 1, 2013
Dow Chemical has launched a $1.5-billion share buyback program. The buybacks will occur either in the open market or in privately negotiated transactions, Dow says. ”This...
March 1, 2013
Oversupply and tepid demand for titanium dioxide (TiO2) has sent prices and profits lower, but analysts expect prices to stabilize in early 2013 as demand improves from the spring...
March 1, 2013
specialty chemical earnings reports for the fourth quarter were mixed. Ecolab matched estimates on strong sales from the former Nalco. Rockwood’s earnings declined, mostly on...
March 1, 2013
Westlake Chemical and Kraton Performance Polymers posted divergent results for the fiscal quarter ended 31 December 2012. Westlake’s fourth-quarter earnings more than tripled...
March 1, 2013
Solvay has confirmed CW reports that it plans to exit its Latin American polyvinyl chloride (PVC) business Indupa. The company reported Indupa as “assets held for sale” in...
February 21, 2013
Industry groups on both sides of the Atlantic welcomed President Obama’s call for a US and EU trade agreement in his State of the Union address on 12 February. Industry groups released statements supporting the talks and called on EU and US officials to use the opportunity to enhance regulatory cooperation....
February 15, 2013
Scaling Success: Genomatica produces 5 million lbs of BDO in five weeks at DuPont’s Loudon facility.. Biochemical firm Genomatica (San Diego) says it has produced 5 million lbs...
February 15, 2013
Global M&A in the chemicals sector fell 73% year-on-year (YOY) during the course of 2012, to $22 billion, according to data compiled by Young & Partners (New York). Deal volume...
February 15, 2013
The petrochemical portion of the Complejo Petroquimica Rio de Janeiro (Comperj) project at Itaborai, Brazil, will eventually require an investment of more than $5 billion, says Carlos...
February 15, 2013
Mexichem’s (Mexico City) fourth-quarter preliminary sales figure was 14.42 billion Mexican pesos ($1.14 billion), 38% higher than in the same period the year before, the company...
February 15, 2013
Speciatly chemical companies continued to record year-on-year (YOY) earnings declines as soft market conditions hurt results. Polysilicon supply issues drove Dow Corning to a loss...
February 15, 2013
Axiall and Huntsman Corp. both reported fourth-quarter earnings last week. Strong results in chlorovinyls led Axiall to its most profitable fourth quarter “in decades,”...
February 15, 2013
Air Liquide has confirmed that an explosion and fire shortly before 8 a.m. on 9 February killed one worker and seriously injured another at the company’s specialty gases plant at...
February 15, 2013
Manning: Flavors and fragrances heads to Chicago. Sensient is launching a broad restructuring plan that includes the shutdown and consolidation of several manufacturing plants in...
February 15, 2013
Vale (Rio de Janeiro) could extend, beyond 28 February, a deadline given to the Argentinian government requesting a $2-billion tax break during the development phase of the company’s...
February 8, 2013
Carrico: Axiall takes second position in VCM. Georgia Gulf completed its $2.1-billion acquisition of PPG’s commodity chemicals business on 28 January and has changed the name of...
February 8, 2013
Chemtura (Philadephia) has entered into an amended and restated asset-purchase and contribution agreement with SK Capital Partners regarding the sale of Chemtura’s antioxidant and...
February 8, 2013
Shaver: Former TPC CEO to lead former DuPont unit. The Carlyle Group (Washington) has completed its $4.9-billion acquisition of DuPont Performance Coatings (DPC). The Carlyle Group...
February 8, 2013
Baker: Ecolab well positioned for global challenges, despite persistent economic weakness. The CEOs of Ecolab, Clorox, and Amway described a focus on persistently weak consumer demand...
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