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January 18, 2013
Bunch: Sales, earnings rise despite Europe slump. PPG Industries reported fourth-quarter net income of $227 million, up 5% year-on-year. Revenues were up 4%, to $3.6 billion. Reported...
January 18, 2013
PPG Industries says that it is currently in discussions with partner Essilor, a maker of ophthalmic lenses and optical equipment, relating to the future of their Transitions Optical...
January 11, 2013
EPA Administrator Lisa Jackson announced on 28 December that she will leave the agency after President Obama’s State of the Union address later this month. Jackson says she is...
January 11, 2013
Siadat: To build on the strong technology base. Clariant has signed an agreement to sell its textile chemicals, paper specialties, and emulsions businesses to private investment firm...
December 20, 2012
Bunch: PPG gains second position in deco coatings. PPG Industries says it has reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel...
December 14, 2012
DuPont says it expects 2012 earnings to be at the high end of a previous guidance of $3.25–3.30/share. The company forecasts “2013 earnings to grow low- to mid-single...
December 14, 2012
Sasol says it will proceed with the front-end engineering and design (FEED) of its previously announced integrated gas-to-liquids (GTL) and ethane cracker at Lake Charles, LA. Total...
November 30, 2012
Shareholders of Cookson Group (London) have approved the company’s plans to separate its performance materials division from its engineered ceramics and precious metals...
November 30, 2012
Al Mady: Flexibility and responsiveness are key. Speakers at the 7th Gulf Petrochemicals and Chemicals Association (GPCA) annual forum, held in late November in Dubai, addressed a...
November 16, 2012
Following several quarters of sharply lower financial results, Ferro announced last week that James Kirsch stepped down as president and CEO and resigned his position as chairman and...
November 16, 2012
Sherwin-Williams (SW) has signed a definitive agreement to acquire Consorcio Comex (Comex), a Mexico City–based paints and coatings firm, for $2.34 billion, including debt. The...
November 11, 2012
Chemical industry leaders are hoping that President Obama’s reelection allows lawmakers to set aside partisan disputes and address economic and industry priorities....
November 9, 2012
Gulf Oil Corporation (Hyderabad, India) has agreed to buy specialty chemical manufacturer Houghton International (Valley Forge, PA) from private equity firm AEA Investors (New York)...
October 12, 2012
Eramo: Cheap gas is creating wave of investment. The geographic balance of demand in the global petrochemical market will continue to shift from Western Europe and North America to...
October 5, 2012
BASF has announced plans to restructure its construction chemicals business in Europe, citing declining markets, particularly in southern Europe and the UK. The planned measures will...
October 5, 2012
Crotty: Filling North Sea gas supply gap. Ineos says it will source ethane from the US for import into Europe via the Sunoco Logistics (Sinking Spring, PA) Mariner East...
September 21, 2012
Heitmann: Smart capex best option to create value. Lanxess last week set a mid-term target Ebitda of €1.8 billion ($2.3 billion) for 2018, an increase of 36% from 2011 levels...
September 21, 2012
BASF says it plans to acquire biological seed treatment maker Becker Underwood (Ames, IA) from Norwest Equity Partners for €785 million ($1.02 billion). Becker is expected to have...
September 14, 2012
China’s chemical industry remains strong, despite weakness in the country’s economy, and for the period January–July 2012, output was worth Rmb6.9 trillion ($1.1 trillion)...
September 14, 2012
M&G Group says it has bought land in Corpus Christi, TX, to build a previously announced 1-million m.t./year polyethylene terephthalate (PET) plant and an accompanying 1.2-million...
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