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November 14, 2014
Coatings maker Axalta, owned by private equity firm The Carlyle Group (New York), raised $975 million in its initial public offering on 12 November. Carlyle sold 50 million shares in...
http://www.chemweek.com/sections/news_briefs/Axalta-completes-IPO-raises-$975-million_65401.html
November 14, 2014
PPG Industries says it has completed the previously announced acquisition of Consorcio Comex (Mexico City), an architectural coatings maker, in a transaction valued at $2.3 billion...
http://www.chemweek.com/sections/news_briefs/PPG-completes-acquisition-of-Comex-names-v-p-_65402.html
November 14, 2014
Peter Cella, CEO of Chevron Phillips Chemical (CPChem), will become ACC’s newest board officer, effective 1 January 2015. Cella will initially assume the role of vice chairman of the...
http://www.chemweek.com/sections/news_briefs/-CEO-elected-to-ACC-board_65404.html
November 14, 2014
PDVSA (Caracas) and Hess (New York) have reached a tentative agreement to sell their 355,000-bbl/day Hovensa refinery at Saint Croix, VI, to Atlantic Basin Refining (ABR), according to...
http://www.chemweek.com/sections/news_briefs/PDVSA-Hess-sell-site_65405.html
November 14, 2014
Platform Specialty Products on 10 November commenced a $350-million stock offering, the proceeds of which will help fund the $3.5-billion acquisition of Arysta Life Sciences. The...
http://www.chemweek.com/sections/news_briefs/Platform-to-sell-shares_65406.html
November 14, 2014
EPA has approved a Texas program to issue greenhouse gas (GHG) permits, eliminating the need for companies to seek air permits from federal regulatory agencies in the state. The...
http://www.chemweek.com/sections/news_briefs/EPA-GHG-approval_65407.html
November 14, 2014
Indorama Ventures (Bangkok), a major producer of polyester, plans to further back integrate to ethylene and is in discussions with partners to build a greenfield plant in the United States, CW has learned....
http://www.chemweek.com/sections/news_briefs/Indorama-in-discussions-for-shale-cracker-JV-in-the-US-considering-MEG-plant_65408.html
November 14, 2014
Shell says that the steam cracker and acetylene plant at the company’s Moerdijk, Netherlands, petrochemical complex are not expected to restart before the end of the second quarter...
http://www.chemweek.com/sections/news_briefs/Shell-Moerdijk-cracker-offstream-until-mid-2015_65409.html
November 14, 2014
Styrolution (Fribourg, Switzerland), part of the Ineos group, says that it intends to permanently close an 80,000-m.t./year polystyrene (PS) plant at Trelleborg, Sweden....
http://www.chemweek.com/sections/news_briefs/Styrolution-to-close-PS-plant-in-Sweden_65410.html
November 14, 2014
Artlant PTA, a producer of purified terephthalic acid (PTA) at Sines, Portugal, plans to restart its 700,000-m.t./year plant in 2015 following discussions with creditors. “As...
http://www.chemweek.com/sections/news_briefs/Artlant-plans-to-restart-PTA-plant-in-Portugal_65411.html
November 14, 2014
BASF’s India arm has inaugurated a large-scale chemical complex at Dahej, India. The company invested 10 billion Indian rupees ($162.5 million) to build the facility, making it...
http://www.chemweek.com/sections/news_briefs/BASF-India-start-up_65412.html
November 14, 2014
Adama Agricultural Solutions, formerly Makhteshim Agan, has agreed to buy the Chinese businesses of ChemChina’s (Beijing) China National Agrochemical Corp. for $324 million in...
http://www.chemweek.com/sections/news_briefs/Adama-buys-in-China_65413.html
November 14, 2014
Ineos has agreed to acquire a combined heat and power plant (CHP) from Fortum (Espoo, Finland) that serves Ineos’s Grangemouth, UK, refinery and petrochemicals site, for...
http://www.chemweek.com/sections/news_briefs/Ineos-buys-power-unit_65414.html
November 14, 2014
The chemical industry in Germany, including pharmaceuticals, picked up somewhat during the third quarter, industry association VCI (Frankfurt) says. Production and sales grew after a...
http://www.chemweek.com/sections/news_briefs/Germanys-third-quarter-chemicals-output-up-0-5-percent_65415.html
November 13, 2014
Fragrances and flavors group Symrise (Holzminden, Germany) today reported its financial results for the first nine months of 2014, with a “considerably increase in sales and...
http://www.chemweek.com/sections/news_briefs/Symrise-reports-considerable-increase-in-sales-and-earnings_65360.html
November 13, 2014
Lenzing today reported that sales in third-quarter 2014 "stagnated" at €457.7 million ($570.4 million), compared with €457.1 million in the year-ago quarter, but...
http://www.chemweek.com/sections/news_briefs/Lenzing-reports-stagnant-sales-in-third-quarter-but-Ebitda-increases-10-percent_65348.html
November 13, 2014
The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation for methyl hydrazine under the harmonized classification and labeling (CLH) regulation. The CLH dossier...
http://www.chemweek.com/sections/news_briefs/ECHA-starts-public-consultation-on-methyl-hydrazine-under-CLH_65349.html
November 12, 2014
The non-confidential information on the candidate list “substances in articles for consumer use” has been updated, the European Chemicals Agency (ECHA; Helsinki) says. The...
http://www.chemweek.com/sections/news_briefs/ECHA-updates-information-on-candidate-list-substances-in-articles-for-consumer-use_65318.html
November 12, 2014
The European Chemicals Agency (ECHA; Helsinki) has announced a public consultation on applications for authorization of trichloroethylene (TCE) under the European Union’s...
http://www.chemweek.com/sections/news_briefs/ECHA-opens-public-consultation-on-alternatives-to-trichloroethylene-under-Reach_65317.html
November 10, 2014
Composite materials supplier Gurit (Zurich) says its CFO, Markus Knüsli Amacker, is to leave the company by May 2015 “by best mutual consent.” Amacker joined Gurit in...
http://www.chemweek.com/sections/news_briefs/Gurit-CFO-Amacker-to-leave-the-company-by-May-2015_65260.html
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