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Displaying 1 - 20 of 546 stories.
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...
http://www.chemweek.com/sections/top_of_the_week/EU-chemical-sector-growth-sluggish-in-first-half_73185.html
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...
http://www.chemweek.com/sections/top_of_the_week/CVR-Partners-to-acquire-Rentech-Nitrogen-for-$533-million_72946.html
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....
http://www.chemweek.com/sections/top_of_the_week/CF-OCI-merger-will-create-largest-nitrogen-player_72947.html
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...
http://www.chemweek.com/sections/top_of_the_week/Evonik-sales-increase-Ebitda-rockets-raises-full-year-outlook-again_72717.html
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....
http://www.chemweek.com/sections/top_of_the_week/Solvay-to-acquire-Cytec-Industries-for-$6-4-billion_72625.html
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....
http://www.chemweek.com/sections/top_of_the_week/Platform-to-buy-UK-based-firm-Alent-for-$2-3-billion_72224.html
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...
http://www.chemweek.com/sections/top_of_the_week/Axiall-board-forces-CEO-out-after-string-of-disappointing-quarters-search-for-replacement-under-way_72223.html
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...
http://www.chemweek.com/sections/top_of_the_week/European-Parliament-adopts-MSR-industry-says-it-will-not-reduce-emissions-but-will-drive-up-costs_72009.html
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...
http://www.chemweek.com/sections/top_of_the_week/Cefic-European-chemicals-stagnate-trade-surplus-shrinks-during-first-quarter_71978.html
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....
http://www.chemweek.com/sections/top_of_the_week/K+S-rejects-$8-7-billion-takeover-bid-from-PotashCorp_71912.html
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...
http://www.chemweek.com/sections/top_of_the_week/One-dead-in-terror-attack-at-Air-Products-site-in-France_71911.html
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...
http://www.chemweek.com/sections/top_of_the_week/-beats-estimates-on-higher-seed-sales-considering-$1-billion-investment-in-dicamba-production_71657.html
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....
http://www.chemweek.com/sections/top_of_the_week/Monsanto-eager-to-merge-with-Syngenta-but-has-other-options-_71658.html
June 15, 2015
Syngenta has rebuffed a second, virtually unchanged takeover approach by Monsanto....
http://www.chemweek.com/sections/top_of_the_week/Syngenta-rebuffs-second-Monsanto-approach_71243.html
June 15, 2015
Distributor Univar last week announced it is launching an initial public offering (IPO), along with a concurrent private placement to Temasek Holdings (Singapore), the sovereign wealth...
http://www.chemweek.com/sections/top_of_the_week/Univar-to-raise-$739-million-in-IPO-stake-sale_71244.html
June 8, 2015
Leaders of seven of the world’s largest economies, meeting in Elmau, Germany, yesterday, expressed support for reducing greenhouse gas emissions by 40-70% by 2050. The leaders emphasized that “deep cuts in global greenhouse gas (GHG) emissions are required with decarbonization of the global economy over the course of this century.” Germany’s chemical industry association (VCI) noted the lack of identified concrete steps to reduce emissions of carbon dioxide...
http://www.chemweek.com/sections/top_of_the_week/G7-Leaders-commit-to-40-70-percent-GHG-reductions-by-2050_71073.html
June 1, 2015
Valspar has reached a deal to acquire the performance coatings businesses of Quest Specialty Chemicals (Charleston, SC) in a deal that roughly doubles the size of its $150-million/year automotive refinish business....
http://www.chemweek.com/sections/top_of_the_week/Valspar-to-acquire-coatings-businesses-from-Quest_70808.html
May 29, 2015
Asahi Kasei and Mitsubishi Chemical have announced that they have signed an agreement to establish a 50-50 joint venture for their previously announced plan to combine their naphtha...
http://www.chemweek.com/sections/top_of_the_week/Asahi-Kasei-and-Mitsubishi-Chemical-move-ahead-with-plans-to-combine-crackers-at-Mizushima_70807.html
May 26, 2015
DuPont on 13 May won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company’s director nominees were re-elected to its board, company officials say.DuPont is “encouraged by shareholder feedback and support for our transformation,” chair and CEO Ellen Kullman told the meeting....
http://www.chemweek.com/sections/top_of_the_week/DuPont-wins-proxy-fight-but-Trian-retains-stake_70599.html
May 22, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest petrochemical player and one of Asia’s fastest-growing, tells CW that it will invest about $1 billion to build a...
http://www.chemweek.com/sections/top_of_the_week/PTTGC-to-build-PO-polyols-complex-in-Thailand-details-Ohio-plan_70598.html
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