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November 21, 2014
Petróleos Mexicanos (Pemex) says its board has approved the company’s previously announced corporate revamp. The board will maintain state-controlled Pemex’s profitable...
http://www.chemweek.com/sections/news_briefs/Pemex-board-approval_65610.html
November 21, 2014
BASF has completed the sale of its 50% share in Styrolution to its partner, Ineos. Relevant merger control approvals have been granted. Styrolution was founded in October 2011 as a...
http://www.chemweek.com/sections/news_briefs/BASF-closes-sale-of-Styrolution-stake-to-Ineos_65591.html
November 21, 2014
LyondellBasell Industries will invest about €200 million ($250 million) to modernize its petrochemical site at Berre, France, following the permanent closure of the company’s...
http://www.chemweek.com/sections/news_briefs/LyondellBasell-to-invest-200-million-at-Berre-site_65592.html
November 21, 2014
Arkema reports third-quarter sales of €1.48 billion ($1.85 billion), a decline of 1.1% on the corresponding period last year. Ebitda fell 13% year-on-year (YOY), to €203 million...
http://www.chemweek.com/sections/news_briefs/Arkema-posts-lower-profits-confirms-outlook_65593.html
November 21, 2014
Dow Chemical plans to expand capacity and enhance production technologies and equipment at its four polyethylene (PE) production units at Bahia Blanca, Argentina, starting in 2015. The...
http://www.chemweek.com/sections/news_briefs/Dow-to-expand-PE-capacity-in-Argentina_65607.html
November 21, 2014
W.R. Grace has entered into an agreement to acquire the remaining 50% stake in Grace Yapı Kimyasalları (Istanbul), the joint venture it formed with STFA Yatırım Holding (Istanbul)...
http://www.chemweek.com/sections/news_briefs/Grace-buys-out-Turkey-JV_65608.html
November 21, 2014
Valspar (Minneapolis) says that it has completed the purchase of coatings manufacturer Madison Chemical Industries (Milton, ON). Financial terms of the acquisition have not been...
http://www.chemweek.com/sections/news_briefs/Valspar-buys-Madison_65609.html
November 21, 2014
Clariant reports 59 million Swiss francs ($61 million) in net earnings for the third quarter compared with a SF203-million net loss in the corresponding period of 2013. Ebitda was also...
http://www.chemweek.com/sections/news_briefs/Clariant-swings-to-profit-maintains-target_65594.html
November 21, 2014
Synthomer (Harlow, UK), a producer of synthetic and natural rubber latices and specialty emulsion polymers, has appointed Calum MacLean CEO....
http://www.chemweek.com/sections/news_briefs/New-Synthomer-boss_65595.html
November 21, 2014
Kuraray has agreed to sell the European polyvinyl butyral (PVB) film business formerly owned by DuPont, including a plant at Uentrop, Germany, for €12 million ($15 million) to a...
http://www.chemweek.com/sections/news_briefs/Kuraray-PVB-sale_65596.html
November 21, 2014
Paints company Tikkurila (Helsinki) says it has acquired family-owned ISO Paint Nordic (Lunderskov, Denmark). ISO Paint Nordic is a coatings business that had sales of about €7.5...
http://www.chemweek.com/sections/news_briefs/Nordic-paints-deal_65597.html
November 21, 2014
Shareholders of both Albemarle and Rockwood voted to approve Albemarle’s $6.20-billion acquisition of the latter company on 14 November. Under the deal, Rockwood shareholders will...
http://www.chemweek.com/sections/news_briefs/Shareholders-approve-Albemarle-Rockwood-deal_65605.html
November 21, 2014
Cabot says it has appointed Sean Keohane as executive v.p. and president of the reinforcement materials, or carbon black, segment. Keohane will succeed David Miller, who has decided to...
http://www.chemweek.com/sections/news_briefs/Cabot-shuffles-leadership_65606.html
November 21, 2014
Mexichem has received clearance from all antitrust authorities with respect to its acquisition of Vestolit (Marl, Germany), the company has announced. Mexichem expects to close the...
http://www.chemweek.com/sections/news_briefs/Mexichem-deal-cleared_65611.html
November 21, 2014
EnerG2 (Seattle) and BASF have entered into a collaboration to improve and scale-up the production of EnerG2’s proprietary carbon materials for use in supercapacitor electrodes and...
http://www.chemweek.com/sections/news_briefs/BASF-battery-deal_65612.html
November 21, 2014
AkzoNobel says one of its US subsidiaries in Chicago was the target of “external fraud [that] involves an amount of up to €53 million ($66 million).” The company, which will not...
http://www.chemweek.com/sections/news_briefs/AkzoNobel-says-US-subsidiary-was-target-of-$66-million-external-fraud_65613.html
November 18, 2014
The European Chemicals Agency (ECHA; Helsinki) has called for a total of eight testing proposals for five substances. The chemicals in question and the hazard endpoints for which...
http://www.chemweek.com/sections/news_briefs/ECHA-requests-testing-proposals-for-five-substances_65506.html
November 18, 2014
Germany’s small- and medium-sized (SME) companies have accused the federal government of failing to make any progress in the cost of the country's Energiewende, the transition...
http://www.chemweek.com/sections/news_briefs/Germanys-chemical-SMEs-regard-cost-issue-of-energy-transition-as-unresolved_65503.html
November 17, 2014
The International Energy Agency (IEA; Paris) says that longer-term signs of stress are emerging in the energy system, and that there is a risk of decision makers being distracted by...
http://www.chemweek.com/sections/news_briefs/IEA-World-Energy-Outlook-2014-signs-of-stress-must-not-be-ignored_65480.html
November 14, 2014
European Union trade commissioner Cecilia Malmström visited Berlin this week, where she met Sigmar Gabriel, Germany’s Federal Minister for Economic Affairs and Energy. The...
http://www.chemweek.com/sections/news_briefs/EU-trade-commissioner-Malmstrom-visits-Berlin_65445.html
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