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March 4, 2016
Dow Chemical has agreed to pay $835 million to settle a class action lawsuit alleging that Dow and several other companies colluded to fix the price of polyurethane (PU) precursors during 2000–03. Dow, which lost the case in 2013, had appealed the $1.06-billion judgment to the US Supreme Court....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-pay-$835-million-to-settle-urethane-class-action_77612.html
March 4, 2016
Eastman Chemical has announced the retirement of COO Ronald Lindsay, effective 1 July, and senior v.p./integrated supply chain and chief regional and sustainability officer Godefroy...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-COO-to-retire-fmr-Ashland-chair-added-to-board_77613.html
March 4, 2016
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, is halting work on a mega-methanol complex at Tacoma, WA, in the US Pacific Northwest. The project...
http://www.chemweek.com/sections/business_finance/usa_americas/Chinese-group-halts-work-on-US-methanol-project-amid-concerns_77614.html
February 19, 2016
M&A activity in the chemical industry totalled $65 billion in 2015, up 30% from 2014, according to data compiled by Young & Partners (Y&P; New York). The figure was helped...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-M-and-A-finishes-strong-in-2015-as-deal-pipeline-surges_77285.html
February 19, 2016
Railroad company CSX (Jacksonville, FL) says that it will streamline operations at 16 lower-volume mechanical facilities. The measures will affect approximately 116 CSX mechanical...
http://www.chemweek.com/sections/business_finance/usa_americas/Railroad-firm-CSX-to-streamline-operations-at-16-locations_77282.html
February 19, 2016
M&A activity among high-yield chemical debt issuers looks set to continue apace in 2016, although private equity firms are operating at a disadvantage, according to a new report by...
http://www.chemweek.com/sections/business_finance/usa_americas/Moodys-High-yield-M-and-A-to-favor-producers-in-2016_77283.html
February 19, 2016
ExxonMobil confirmed on 12 February that its Beaumont, TX, chemical plant has resumed normal operations. The refinery at Beaumont resumed operations one week earlier. Both the refinery...
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobils-Beaumont-TX-chemical-plant-back-to-normal_77284.html
February 19, 2016
LSB Industries (Oklahoma City) says its new 375,000-m.t./year ammonia plant at El Dorado, AR, is mechanically complete. The development brings LSB’s $800-million-plus El Dorado...
http://www.chemweek.com/sections/business_finance/usa_americas/LSBs-new-El-Dorado-ammonia-plant-is-mechanically-complete_77286.html
February 19, 2016
Braskem swung to profit in the fourth quarter of 2015, with net earnings of 158 million Brazilian reais ($39.1 million) from a R$24-million loss one year earlier. The results were...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-swings-to-profit-on-exports-hedge-accounting_77287.html
February 19, 2016
Fertilizer firms Agrium and Mosaic have reported mixed results, with Agrium beating analyst expectations and Mosaic falling short. Sales fell for both companies, and Mosaic’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-results-mixed-on-macro-ag-challenges_77288.html
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