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May 3, 2013
Rockwood Holdings said last week that it would exit the titanium dioxide (TiO2) business by the end of 2013, and would not delay a sale because of weak TiO2 market conditions. “If we...
http://www.chemweek.com/sections/news_briefs/Rockwood-to-complete-titanium-dioxide-divestment-by-year-end_51716.html
May 3, 2013
Fluor Corp. has announced that it was awarded a contract by Dow Chemical “to execute a significant portion of [Dow’s] US Gulf Coast investments....
http://www.chemweek.com/sections/news_briefs/Fluor-wins-contract-for-Dows-Freeport-cracker_51717.html
May 3, 2013
Eastman Chemical says its board has approved the repurchase of up to an additional $300-million of Eastman common stock in addition to the remaining amount under a $300 million buyback...
http://www.chemweek.com/sections/news_briefs/Eastman-announces-$300-million-buyback_51718.html
May 3, 2013
Private equity firm Arsenal Capital (New York) announced it has acquired Arnco (South Gate, CA), one of the world’s largest suppliers of polyurethane (PU) products. Financial terms...
http://www.chemweek.com/sections/news_briefs/Arsenal-acquires-PU-supplier-Arnco_51719.html
May 3, 2013
Stepan says it has reached an agreement with Bayer MaterialScience to acquire Bayer’s North American polyester resins business, including a production facility located at...
http://www.chemweek.com/sections/news_briefs/Stepan-to-acquire-Bayers-polyester-resins-business_51720.html
May 3, 2013
Air Products has received a liquefied natural gas (LNG) heat exchanger order for a liquefaction project at Lusby, MD. The company will supply its LNG liquefaction equipment to a joint...
http://www.chemweek.com/sections/news_briefs/Air-Products-LNG-deal_51721.html
May 3, 2013
Mexichem (Tlalnepantla, Mexico) reported net profit of 836 million Mexican pesos ($69 million) during the first quarter of this year, down 54% from the peso1.8 billion reported during...
http://www.chemweek.com/sections/news_briefs/Mexichem-profit-dips_51722.html
May 3, 2013
Iowa Fertilizer Co., a subsidiary of Orascom (Cairo), has issued $1.2 billion in bonds to institutional and retail investors in the US tax-exempt market through the Iowa Finance...
http://www.chemweek.com/sections/news_briefs/Iowa-Fertilizer-funds_51723.html
May 3, 2013
BASF says it has appointed Kenneth Lane, currently senior v.p./isocyanates in Europe, as president/catalysts, headquartered at Iselin, NJ, effective 1 June. Lane succeeds Frank Bozich...
http://www.chemweek.com/sections/news_briefs/BASF-catalyst-change_51724.html
May 3, 2013
CW has learned that Ineos is at an advanced stage of discussions with an undisclosed company to transfer Ineos’s Kerling chlor-vinyls business into a joint venture that would become...
http://www.chemweek.com/sections/news_briefs/Ineos-to-spin-off-chlor-vinyls-into-a-joint-venture_51725.html
May 3, 2013
Cabot says that the board of its Cabot Malaysia (Port Dickson) carbon black joint venture has decided to cease production at its Port Dickson facility by the end of July. The decision...
http://www.chemweek.com/sections/news_briefs/Cabot-to-close-carbon-black-facility-in-Malaysia_51726.html
May 3, 2013
Clariant’s first-quarter net profit from continuing operations more than doubled to 38 million Swiss francs ($40 million), compared with SF16 million in the year-earlier period, the company says....
http://www.chemweek.com/sections/news_briefs/Clariant-more-than-doubles-net-profit-confirms-targets_51727.html
May 3, 2013
Private equity firm SK Capital Partners (New York) has closed its $200-million acquisition of Chemtura’s antioxidants (AO) and ultraviolet (UV) stabilizers business, which was...
http://www.chemweek.com/sections/news_briefs/SK-closes-on-purchase-of-Chemtura-AOUV-business_51748.html
April 26, 2013
Brazil has proposed a set of tax cuts to boost its petrochemical and ethanol sectors, according to a statement from the Finance Ministry (Brasilia) issued on 24 April. One of the...
http://www.chemweek.com/sections/news_briefs/Brazil-cuts-taxes-to-support-petchem-and-ethanol-makers_51495.html
April 26, 2013
Bayer reports a “positive development” in its life sciences operations, comprising the Bayer HealthCare and CropScience subgroups, in the first quarter but says that Bayer...
http://www.chemweek.com/sections/news_briefs/Life-sciences-lift-Bayers-first-quarter-results_51505.html
April 26, 2013
BASF has announced plans to restructure its performance products segment, including 500 job cuts worldwide by the end of 2015....
http://www.chemweek.com/sections/news_briefs/BASF-cuts-500-jobs-in-performance-products_51506.html
April 26, 2013
Yara International has announced a 25% decline in first-quarter net income after noncontrolling interests, to 2.26 billion Norwegian kroner ($395 million), compared with the...
http://www.chemweek.com/sections/news_briefs/Yara-reports-lower-first-quarter-sales-and-earnings_51507.html
April 26, 2013
Monsanto says it will invest $400 million to expand R&D capabilities at its Chesterfield Village Research Center in St. Louis, MO...
http://www.chemweek.com/sections/news_briefs/Monsanto-to-expand-St-Louis-research-campus_51496.html
April 26, 2013
Ecolab has reached an agreement to acquire AkzoNobel’s Purate antimicrobial water treatment technology for an undisclosed sum. The business provides proprietary chlorine dioxide...
http://www.chemweek.com/sections/news_briefs/Ecolab-to-buy-AkzoNobels-chlorine-dioxide-business_51497.html
April 26, 2013
Rennovia (Menlo Park, CA) has announced that hexamethylenediamine (HMD) will be its second commercial target, having demonstrated a chemocatalytic process to produce HMD from renewable...
http://www.chemweek.com/sections/news_briefs/Rennovia-unveils-renewable-HMD-route_51498.html
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