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Displaying 1 - 20 of 483 stories.
November 21, 2014
Activist hedge fund Third Point, which has been openly critical of Dow Chemical management since revealing a stake in January, intends to wage a proxy battle to take board seats at Dow’s 2015 annual meeting, according to SEC filings....
http://www.chemweek.com/sections/top_of_the_week/Third-Point-prepares-for-proxy-fight-as-Dow-defends-integration_65617.html
November 14, 2014
Industry groups say the midterm elections should provide a more favorable policy environment for US chemical makers to carry out US growth and investment plans. Republicans will gain a majority in the Senate when the next Congress is seated in early 2015, giving them control of both houses....
http://www.chemweek.com/sections/top_of_the_week/Industry-groups-express-postelection-optimism-on-TSCA-reform-trade-prospects_65420.html
November 13, 2014
Dow Chemical announced plans on 12 November to cut its stake in its Kuwaiti petrochemical joint ventures and sell its Angus Chemical subsidiary to private equity firm Golden Gate Partners for $1.2 billion. Dow announced the deals as part of a strategy update at its investor day in Lake Jackson, TX, where the company also announced plans to realign external reporting, increase its dividend, and expand a shareholder repurchase program....
http://www.chemweek.com/sections/top_of_the_week/Dow-updates-strategy-as-Third-Point-raises-pressure_65419.html
November 10, 2014
The executive board of Germany’s IG BCE (Hanover), representing workers in the chemical, mining, and energy sectors, says it has unanimously agreed its pay demands for the...
http://www.chemweek.com/sections/top_of_the_week/Germany-chemical-industry-workers-demand-4-5-percent-more-pay-in-2015_65258.html
October 31, 2014
Strong quarterly results for North American commodity producers reflect the benefit of shale-advantaged energy and feedstocks. LyondellBasell Industries reports third-quarter net...
http://www.chemweek.com/sections/top_of_the_week/Commodity-producers-report-strong-third-quarter-results_65006.html
October 27, 2014
The Intergovernmental Panel on Climate Change (IPCC; Geneva) today opened its meeting in Copenhagen to finalize its synthesis report, which will provide policymakers with a...
http://www.chemweek.com/sections/top_of_the_week/IPCC-starts-meeting-to-finalize-its-synthesis-report-a-roadmap-for-policymakers-on-climate-change_64814.html
October 24, 2014
Germany’s chemical industry trade association VCI (Frankfurt) says that the target of a 40% reduction in greenhouse gas emissions agreed by European leaders is “highly...
http://www.chemweek.com/sections/top_of_the_week/VCI-Highly-ambitious-climate-targets-will-result-in-weaker-growth-reduced-competitiveness_64783.html
October 24, 2014
The European Council, the institution of the heads of state or government of the member states of the European Union, has agreed on the 2030 climate and energy policy framework for the...
http://www.chemweek.com/sections/top_of_the_week/European-leaders-set-ambitious-climate-energy-targets-for-2030_64780.html
October 24, 2014
Cost-advantaged feedstocks, made plentiful from shale gas development, continue to boost Dow Chemical’s margins. The company adds that while the sharp drop in crude oil prices...
http://www.chemweek.com/sections/top_of_the_week/Dow-posts-gains-says-lower-oil-prices-wont-hurt-cost-position_64748.html
October 24, 2014
Total has named Patrick Pouyanné CEO, following the death of Christophe de Margerie, chairman and CEO, in a plane crash at a Moscow airport on 20 October. Pouyanné was president of refining and chemicals and a member of the Total executive committee....
http://www.chemweek.com/sections/top_of_the_week/Total-appoints-head-of-refining-and-chemicals-as-its-new-CEO_64749.html
October 10, 2014
Versalis (Milan) has confirmed plans to enhance the feedstock flexibility of the company’s Dunkirk, France, steam cracker to enable the plant to consume low-cost ethane imported from the United States....
http://www.chemweek.com/sections/top_of_the_week/EPCA-Versalis-confirms-conversion-of-Dunkirk-cracker_64405.html
October 10, 2014
LyondellBasell Industries’ CEO James Gallogly has announced plans to retire from the company in early 2015....
http://www.chemweek.com/sections/top_of_the_week/LyondellBasell-CEO-Gallogly-to-retire-in-early-2015_64406.html
September 26, 2014
Merck KGaA (Darmstadt, Germany) has reached an agreement to acquire Sigma-Aldrich (St. Louis) for $17 billion. The agreed price of $140/share represents a 37% premium to...
http://www.chemweek.com/sections/top_of_the_week/Merck-KGaA-to-acquire-Sigma-Aldrich-for-$17-billion_64036.html
September 26, 2014
Bayer has announced plans to separate Bayer MaterialScience (BMS), the company’s polyurethanes (PUs) and polycarbonates (PCs) operations, and float it on the stock exchange within 12–18 months. “Our intention is to create two top global corporations: Bayer as a world-class innovation company in the life sciences businesses and MaterialScience as a leading player in polymers,” says Bayer CEO Marijn Dekkers....
http://www.chemweek.com/sections/top_of_the_week/Bayer-to-float-MaterialScience-on-the-stock-exchange_64037.html
September 15, 2014
FMC on 8 September agreed to acquire Cheminova (Harboøre, Denmark), a crop protection chemicals maker, for about 10.5 billion Danish kroner ($1.82 billion). FMC will fund the...
http://www.chemweek.com/sections/top_of_the_week/FMC-to-acquire-Denmarks-Cheminova-for-$1-8-billion_63774.html
September 15, 2014
Eastman Chemical announced on 11 Setpember that it plans to acquire Taminco for $2.8 billion, or $26/share, including $1.0 billion of assumed debt. Taminco, a major producer of alklylamines and alkylamine derivatives, was taken public by private equity firm Apollo Management (New York) in 2013....
http://www.chemweek.com/sections/top_of_the_week/Eastman-to-acquire-Taminco-for-$2-8-billion_63775.html
August 29, 2014
Reliance Industries (Mumbai) and Sabic have announced separate plans to import United States ethane to feed their steam crackers in India and the United Kingdom, respectively....
http://www.chemweek.com/sections/top_of_the_week/Reliance-Sabic-to-use-US-ethane-at-India-UK-crackers_63502.html
August 29, 2014
LyondellBasell Industries plans to build a world-scale propylene oxide (PO)–tert-butyl alcohol (TBA) plant on the Texas Gulf Coast, with start-up planned for 2019. PO from the...
http://www.chemweek.com/sections/top_of_the_week/LyondellBasell-plans-world-scale-propylene-oxide-tert-butyl-alcohol-plant-for-Texas-Gulf-Coast_63503.html
August 15, 2014
Commodity producers in North America have turned in mixed second-quarter results that show the effects of production outages and price pressures. Huntsman reports net income of $119...
http://www.chemweek.com/sections/top_of_the_week/Pricing-and-outages-shape-commodity-earnings_63216.html
August 15, 2014
Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium)...
http://www.chemweek.com/sections/top_of_the_week/Platform-Specialty-acquires-European-crop-protection-chemicals-maker-Agriphar-for-$400-million_63217.html
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