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April 22, 2011
Huntsman Corp. says that Asia will account for about one-third of the company’s total sales within 5-6 years, up from 24% today. The company plans to invest almost $100 million in capital expenditure in Asia in 2011, roughly half of overall non-environmental, health, and safety spending. Asia revenues were about $2.2 billion in 2010, up 22% from 2009. The portion of overall sales generated in Asia has doubled from 12%, to the current 24% since Huntsman’s 2005 initial public offering....
April 15, 2011
Niche Producer Flourishes in Fluorochemicals Murin: Strong interest for HFA derivatives. Halocarbon (River Edge, NJ) has carved out a profitable niche in fluorine chemistry, leveraging...
April 15, 2011
Leading CEOs on What Can Differentiate Industry and Companies The Chemical Heritage Foundation/NPRA Symposium on Entrepreneurship and Innovation in the Petrochemical Industry allowed...
March 25, 2011
Wisnefsky: Double-digit sales growth is forecast for emerging regions. Galata Chemicals (Southbury, CT), the former polyvinyl chloride (PVC) additives business of Chemtura, got a new...
March 18, 2011
Humming Along, but not without Risk Debt issuance in the chemicals sector was very strong in 2010, and continues to be robust in early 2011, but some froth is evident in corporate debt...
January 28, 2011
Former CEOs on Crisis Response, Outlook, and M&A Former industry chief executives say quick action by companies has sped margin recovery and they expect M&A to become more...
December 16, 2010
After spending the past ten years realigning management and functions around globally run business units, Dow Chemical is restoring greater responsibilities to the regions and countries where it operates. CEO Andrew Liveris established the company’s Geographic Leadership Council last year to strengthen the focus on building relationships with key local stakeholders and customers, on people management, and on business development around the world. Geoffery Merszei, executive v.p. and president of Dow Europe, Middle East and Africa (EMEA), was named chairman of Dow’s Geographic Leadership Council late last year....
November 30, 2010
Chemtura is working to demonstrate that it is worthy of specialty chemical status again after an 18-month stay in bankruptcy protection that ended in early November. Restructuring has cut its debt by nearly half, to $750 million, and helped alleviate environmental, legal and other legacy liabilities. With bankruptcy behind it, the emphasis now is on strengthening its portfolio and rebuilding trust in the marketplace and with investors....
November 19, 2010
Actions taken by Bayer prior the downturn put the company on stronger footing during the recession and, more importantly, helped it better capture the benefit of the upturn. Bayer...
November 12, 2010
Regional Expansion Through Organic and Inorganic Projects Rhodia celebrated recently the 30th anniversary of its entry into the Chinese market, and the company is due to pass a number...
October 15, 2010
Versatility Drives Growth Polypropylene (PP), invented more than 50 years ago, is still regarded as a wonder product. But it is no longer a cheap polymer, partly because propylene...
September 3, 2010
Shifting into Growth Mode Restructuring, cost cutting, and crisis have been common themes with many chemical makers for the past two years. Evonik Industries (Essen, Germany) was no...
August 20, 2010
Chemical Management Services Find Wider Appeal The market for chemical management services (CMS) has grown about 30%/year over the last few years, and Haas TCM (West Chester, PA)...
August 6, 2010
Algenol says it will begin producing algae-based ethanol next year Fuel derived from pond scum could be reaching American gas tanks as soon as next year. Algenol Biofuels (Naples, FL)...
June 4, 2010
Arkema Sets Sights on Growth in Industrial and Performance Products France’s largest chemical maker says it will waste no time enjoying the economic rebound. Arkema, armed with a...
May 21, 2010
Q&A on Managing Through Crisis and Recovery CW sat down with BASF CFO Kurt Bock in a recent interview to discuss the impact of the financial crisis, prospects for recovery and the...
May 14, 2010
Emergence from Bankruptcy Puts Company on Track to Grow After less than 16 months in Chapter 11 bankruptcy protection, LyondellBasell emerged largely intact with a lower cost base and...
April 23, 2010
Logistics Provider Fills a Profitable Void Odyssey Logistics and Technology’s (OL&T; Danbury, CT) CEO Bob Shellman took a winning gamble when in 2003 he identified a void in...
April 12, 2010
FMC stands ready to deliver on the growth potential of its crop protection and specialty chemical businesses. Pierre Brondeau, a former executive with Rohm and Haas (R&H) and Dow Chemical, took over as CEO from William Walter on January 1. The resilience of the company’s portfolio showed in 2009 as FMC posted its second highest annual earnings at $4.15/share despite tough economic conditions....
March 26, 2010
Returning demand and careful cost control are lifting the 2010 outlook. Rockwood Holdings says it is well-positioned to capitalize on its strengths and outperform in the economic...
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