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October 28, 2015
Paint coatings company Tikkurila (Helsinki) says it has concluded negotiations with all of its 600 employees in Finland. The negotiations, which began in September, will result in the...
http://www.chemweek.com/sections/news_briefs/Tikkurila-to-axe-41-jobs-in-Finland-fewer-than-originally-expected_74724.html
October 23, 2015
Rubis Terminal (Paris), a tank storage company, expects to complete the first phase of a capacity expansion project at Rotterdam in October 2016. The entire project, involving an...
http://www.chemweek.com/sections/news_briefs/Terminal-investment_74600.html
October 23, 2015
The European Environment Agency (EEA; Brussels) says in its Trends and projections in Europe 2015 report that greenhouse gas (GHG) emissions fell 23% in the European Union during 1990–2014 and have reached the lowest value on record. EU member states’ latest projections show that with current measures in place, the European Union is headed for 24% lower GHG emissions by 2020 compared with 1990 levels, which would more than meet its target of reducing GHG emissions by 20% by 2020....
http://www.chemweek.com/sections/news_briefs/EU-on-track-to-exceed-2020-emissions-cut-target_74597.html
October 23, 2015
Merck KGaA, life science company Sigma-Aldrich (St. Louis), and Honeywell have announced that Sigma-Aldrich has agreed to sell parts of its solvents and inorganics business in Europe...
http://www.chemweek.com/sections/news_briefs/Honeywell-acquires-Sigma-Aldrich-solvents-inorganics_74598.html
October 23, 2015
Yara International has reported a large increase in third-quarter profits and revenue, driven mainly by the stronger US dollar and higher sales volumes as a result of acquisitions...
http://www.chemweek.com/sections/news_briefs/Yaras-results-boosted-by-acquisitions-stronger-dollar_74599.html
October 23, 2015
IOI (Kuala Lumpur), a plantation group and oleochemicals producer, is acquiring the oleochemicals business of privately owned Cremer for €89.4 million ($99.2 million), IOI says. The...
http://www.chemweek.com/sections/news_briefs/Oleochemicals-deal_74601.html
October 23, 2015
Brenntag says that it has acquired Parkoteks Kimya (Istanbul), a distribution company that offers a range of specialty chemical products with a focus on the personal-care industry...
http://www.chemweek.com/sections/news_briefs/Brenntag-acquisition_74602.html
October 23, 2015
Sherwin-Williams (SW) has named John Morikis as its next CEO, effective 1 January 2016. Morikis replaces Christopher Connor, who has been CEO for 16 years and will remain executive chairman. Morikis is currently president and COO, a role he has held since 2006....
http://www.chemweek.com/sections/news_briefs/Sherwin-Williams-names-new-CEO-buys-back-shares_74606.html
October 23, 2015
Cabot says it will restructure its operations for an expected cost savings of $50 million in fiscal 2016, which began in October. The company plans to eliminate about 300 positions...
http://www.chemweek.com/sections/news_briefs/Cabot-to-cut-300-jobs-in-restructuring_74607.html
October 23, 2015
Mexichem reports $54 million in net income for the third quarter, up 2% year-on-year (YOY). Ebitda was up 13% YOY, to $234 million, benefiting from last year’s Dura-Line and Vestolit...
http://www.chemweek.com/sections/news_briefs/Mexichem-income-up-2-percent-sales-increase-1-percent_74608.html
October 23, 2015
Pennsylvania, West Virginia, and Ohio have announced a three-year agreement, the Tri-State Regional Cooperation Agreement, under which they will work together on a regional strategy...
http://www.chemweek.com/sections/news_briefs/Appalachian-states-agree-to-cooperate-on-shale_74609.html
October 23, 2015
The boards of the Chemical Heritage Foundation (CHF) and Life Sciences Foundation (LSF) have approved a merger. The combined organization will cover the history of life sciences and...
http://www.chemweek.com/sections/news_briefs/CHF-LSF-to-merge_74610.html
October 23, 2015
Praxair is upgrading its air separation liquefaction capabilities in Salt Lake City, with completion slated for the first quarter of 2017. The company will add a liquefier to the...
http://www.chemweek.com/sections/news_briefs/Praxair-upgrade-in-Utah_74611.html
October 23, 2015
Chemtura has announced its exit from the manufacture and sale of hexabromocyclododecane (HBCD)-based flame-retardant products, with production to cease by year-end. Increasing...
http://www.chemweek.com/sections/news_briefs/Chemtura-exits-HBCD_74612.html
October 23, 2015
Wacker Chemie has started up a new; 85,000 m.t./year reactor for vinyl acetate ethylene (VAE) copolymer dispersions at its Calvert City, KY, site. The company invested €50 million...
http://www.chemweek.com/sections/news_briefs/Wacker-Calvert-City-VAE_74613.html
October 23, 2015
WestRock has filed with SEC for the tax-free spin-off of Ingevity, formerly MeadWestvaco’s specialty chemicals business. When the spin-off is complete, expected in the first-quarter...
http://www.chemweek.com/sections/news_briefs/WestRock-files-Ingevity_74614.html
October 23, 2015
FMC has cut its fourth-quarter and full-year 2015 adjusted earnings guidance to 38 cts/share and $2.35–2.45/share, respectively, citing a “rapid devaluation the Brazilian real.”...
http://www.chemweek.com/sections/news_briefs/FMC-cuts-guidance-on-devalued-Brazil-currency_74615.html
October 26, 2015
Kemira (Helsinki) has announced sales of €625.1 million ($704.2 million) in the third quarter of 2015 compared with sales of €541.5 million in third-quarter 2014, an increase...
http://www.chemweek.com/sections/news_briefs/Kemira-reports-double-digit-increases-in-sales-profit-in-third-quarter-update_74623.html
October 22, 2015
Sensient Technologies (Milwaukee) has reported sales of $344.5 million in the third quarter compared with sales of $364.5 million in the corresponding quarter of 2014, a decline of...
http://www.chemweek.com/sections/news_briefs/Sensient-sales-decline-profit-leaps-20-percent_74539.html
October 20, 2015
Composite materials supplier Gurit (Zurich) has reported sales of 269.2 million Swiss francs ($281.9 million) in the first nine months of 2014 compared with sales of SF250.7 million in...
http://www.chemweek.com/sections/news_briefs/Gurit-reports-sales-increase-to-$282-million-in-first-nine-months_74498.html
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