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Displaying 1 - 20 of 553 stories.
October 9, 2015
DuPont chair and CEO Ellen Kullman will retire from the company effective 16 October. Former Tyco International CEO Edward Breen, who joined DuPont’s board in February, has been named interim chairman and CEO as the company searches for a permanent replacement....
October 9, 2015
Shares in Covestro (Leverkusen), formerly Bayer MaterialScience, rose by about 10% in its first day of trading, 6 October, on the Frankfurt Stock Exchange. Covestro’s initial public...
September 28, 2015
Air Products plans to spin off its electronics and performance materials segment to shareholders, the latest in a series of tax-free spin-offs announced by chemical makers. The...
September 28, 2015
Ashland has announced plans to spin off its Valvoline motor oil and automotive maintenance segment as a separate publicly traded company. After the spin-off, Ashland will consist of...
September 9, 2015
Germany’s chemical-pharmaceutical industry continues to show moderate growth, with the positive developments seen in the first quarter of 2015 continuing into the second...
September 3, 2015
Paints and coatings company Tikkurila (Helsinki) has announced that it plans to eliminate up to 100 jobs. The company says that it will start statutory negotiations with all of its...
August 28, 2015
A renewed decline in crude oil prices and China’s slowing economy and devaluation of the yuan are heightening the uncertainty facing global chemical markets in the second half....
August 26, 2015
EU chemical output grew by a mere 0.2% in the first six months of this year compared with the year-ago period, Cefic says in its latest Chemicals Trends Report. Sales in the period...
August 14, 2015
CVR Partners (Sugar Land, TX) has reached agreement to acquire Rentech Nitrogen for $533 million. The transaction excludes Rentech Nitrogen’s Pasadena, TX, facility, which will...
August 14, 2015
CF Industries has entered into an agreement with OCI (Amsterdam) under which CF will combine with some of OCI’s European and North American operations, as well as its worldwide distribution business, in a transaction valued at approximately $8 billion, including the assumption of approximately $2 billion in net debt....
August 4, 2015
Evonik Industries has posted sales of €3.52 billion ($3.86 billion) in the second quarter, up 8% year-on-year (YOY). Adjusted net income leaped by 70% YOY, to €307 million...
July 31, 2015
Solvay has reached a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $6.4 billion, including debt, in a bid to acquire a leading position in high-growth aerospace and automotive materials, the company says....
July 17, 2015
Platform Specialty Products (West Palm Beach, FL) has reached a deal to acquire Alent (Woking, UK) in a cash and stock transaction for about £1.4 billion ($2.18 billion). Including net debt, the total transaction value is about $2.3 billion....
July 17, 2015
Axiall president and CEO Paul Carrico has retired “at the direction of company’s board,” the company announced on 6 July. Timothy Mann, executive v.p/strategy and...
July 8, 2015
The European Parliament on Wednesday endorsed reforming the EU Emissions Trading System (ETS), following informal agreement with the European Council. The reform involves reducing the...
July 8, 2015
Cefic says in its latest Chemicals Trend Report (June 2015) that European chemical output grew by 0.3% during the first four months of 2015, compared with the year-ago period. The...
July 6, 2015
K+S (Kassel, Germany) announced on 2 July that it had rejected an “unsolicited proposal” from PotashCorp (Saskatoon, SK) to acquire all of K+S’s outstanding shares. PotashCorp’s bid is at €41/share ($45.49), valuing K+S at €7.85 billion....
July 6, 2015
Air Products has confirmed that its industrial gases facility at L’Isle-d’Abeau, France, near Lyon, was the scene of an incident on 26 June that has been described as a...
June 26, 2015
Monsanto beat analysts’ estimates for its fiscal quarter ended 31 May on stronger corn and soybean sales and the proceeds from a recent glyphosate license extension from Scotts...
June 26, 2015
Monsanto, announcing its third-quarter results on 24 June ( below), reconfirmed that it is eager to merge with Syngenta. However, Monsanto signaled earlier that it has other options....
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