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August 1, 2014
Solvay says it has signed a binding agreement to sell its US-based sulfuric acid regeneration and virgin production business Eco Services to CCMP Capital Advisors following a bidding...
http://www.chemweek.com/sections/news_briefs/Solvay-sells-Eco-Services-to-private-equity-firm_62912.html
August 1, 2014
Yara International has announced the appointment of Svein Richard Brandtzæg as the company’s next president and CEO...
http://www.chemweek.com/sections/news_briefs/Yara-names-next-CEO-posts-strong-results_62913.html
August 1, 2014
Consumer goods group Reckitt Benckiser (RB; Slough, UK) says that, following a review announced last October, the company plans to spin off its pharmaceuticals business. “We believe...
http://www.chemweek.com/sections/news_briefs/Reckitt-Benckiser-to-spin-off-pharma-business_62914.html
August 1, 2014
Selenis (Portalegre, Portugal), a subsidiary of Control PET (Santo Tirso, Portugal), has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET) production...
http://www.chemweek.com/sections/news_briefs/La-Seda-PET-exit_62915.html
August 1, 2014
Lanxess says that it has completed expanding a Baypren polychloroprene solid rubber production facility at Dormagen, Germany. The plant uses dry-finishing production technology...
http://www.chemweek.com/sections/news_briefs/Lanxess-start-up_62916.html
August 1, 2014
Showa Denko says it has decided to acquire Air Products’ high-purity chlorine business in Taiwan, to strengthen its special material gas business....
http://www.chemweek.com/sections/news_briefs/Showa-Denko-to-acquire-Air-Products-high-purity-chlorine-business-in-Taiwan_62901.html
August 1, 2014
Westlake Chemical Corp. has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany)...
http://www.chemweek.com/sections/news_briefs/Westlake-closes-490-million-Vinnolit-acquisition_62902.html
August 1, 2014
Maire Tecnimont (Rome) announced on 21 July that it had signed a memorandum of understanding (MOU) with the Fatima Group, a fertilizer player based in Pakistan; and Midwest Fertilizer...
http://www.chemweek.com/sections/news_briefs/Maire-Tecnimont-signs-MOU-for-fertilizer-complex_62903.html
August 1, 2014
Dow Corning reports silicone sales improved in most geographies during its fiscal second quarter. The company says transportation and electronics applications also grew significantly...
http://www.chemweek.com/sections/news_briefs/Dow-Corning-results-up-on-silicone-sales_62904.html
August 1, 2014
Polyols producer PCC Rokita (Brzeg Dolny, Poland) has completed an initial public offering that generated 98.3 million zloty ($31.5 million). The offering raised Zl 52.4 million from...
http://www.chemweek.com/sections/news_briefs/Polish-firm-closes-IPO_62917.html
July 31, 2014
Solvay today reported net sales for second-quarter 2014 of €2.64 billion ($3.54 billion), an increase of 2% year-on-year (YOY). Operating profit (adjusted Ebit) was €291...
http://www.chemweek.com/sections/news_briefs/Solvay-reports-2-percent-rise-in-sales-adjusted-Ebit-jumps-56-percent-confirms-full-year-outlook_62852.html
July 30, 2014
Sika (Baar, Switzerland) says its sales for first-half 2014 increased to 2.66 billion Swiss francs ($2.94 billion), an increase of 18% in local currency, or 10.6% in Swiss francs...
http://www.chemweek.com/sections/news_briefs/Sika-reports-18-percent-growth-in-first-half-2014-sales-net-profit-leaps-25-7-percent_62813.html
July 30, 2014
The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation on harmonized classification and labelling (CLH) for bendiocarb (1,3-benzodioxol-4-ol, 2,2-dimethyl-...
http://www.chemweek.com/sections/news_briefs/ECHA-opens-public-consultation-on-CLH-for-bendiocarb_62799.html
July 29, 2014
Merck KGaA (Darmstadt, Germany) has commissioned a cogeneration plant that will supply energy to pharmaceutical production and research operations at its corporate headquarters. The...
http://www.chemweek.com/sections/news_briefs/Merck-KGaA-commissions-cogeneration-plant-at-Darmstadt_62772.html
July 28, 2014
Paints and coatings company Tikkurila (Helsinki) says its profitability for the first half of 2014 was “good despite weak demand in Russia.” First-half revenue was...
http://www.chemweek.com/sections/news_briefs/Tikkurila-sales-fall-7-4-percent-in-second-quarter-EPS-increases-slightly_62759.html
July 18, 2014
PPG Industries has named Michael McGarry, current executive v.p., as COO, effective 1 August. McGarry will have responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT); environment, health, and safety (EH&S); and purchasing functions....
http://www.chemweek.com/sections/news_briefs/PPG-names-COO_62554.html
July 18, 2014
Archer Daniels Midland (ADM) is acquiring Wild Flavors (Zug, Switzerland) for an enterprise value of approximately €2.3 billion ($3.13 billion). ADM, in an all-cash transaction, will...
http://www.chemweek.com/sections/news_briefs/ADM-to-buy-Wild-Flavors-for-$3-billion_62546.html
July 18, 2014
Celanese will expand its manufacturing facilities at Suzano, Brazil, to include long-fiber-reinforced thermoplastics (LFRT) production. The capacity is expected to be operational by...
http://www.chemweek.com/sections/news_briefs/Celanese-to-expand-production-in-Brazil_62547.html
July 18, 2014
Private Equity firm CI Capital Partners (New York) has acquired specialty chemical distributor Maroon (Avon, OH). Maroon’s management team retains significant equity interest in the...
http://www.chemweek.com/sections/news_briefs/Private-Equity-firm-acquires-distributor-Maroon-Group_62548.html
July 18, 2014
Evonik Industries says that it has closed on an equity investment in Biosynthetic Technologies (BT; Irvine, CA), a specialist in biobased lubricants. BT has developed and manufactures...
http://www.chemweek.com/sections/news_briefs/Evonik-invests-in-biobased-lubricants-start-up_62549.html
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