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November 12, 2015
Samsung Group (Seoul) has confirmed that it will sell its chemical operations to Lotte Chemical (Seoul) in a deal worth 3 trillion South Korean won ($2.63 billion). It is Lotte’s...
http://www.chemweek.com/sections/top_of_the_week/Samsung-confirms-sale-of-chemicals-business-to-Lotte_75049.html
November 2, 2015
Third-quarter results of diversified and commodity chemical producers indicate that difficult market conditions prevailed. DuPont continued to struggle with currency headwinds...
http://www.chemweek.com/sections/top_of_the_week/Challenging-quarter-for-commodities-diversifieds_74832.html
October 30, 2015
Platform Specialty Products (West Palm Beach, FL) says that Daniel Leever, its vice chairman and CEO, will retire as soon as “a suitable successor has been hired.”...
http://www.chemweek.com/sections/top_of_the_week/Platform-Specialty-Products-CEO-to-step-down_74833.html
October 23, 2015
Syngenta says that Mike Mack will step down as CEO and executive director at the end of October. John Ramsay, CFO, has been appointed interim CEO....
http://www.chemweek.com/sections/top_of_the_week/Syngenta-CEO-to-depart_74619.html
October 22, 2015
Dow Chemical revealed on 22 October the broad outlines of its strategic priorities over the next three years, including portfolio changes that could lead to an exit from agricultural sciences and full ownership of Dow Corning, and the company gave some hints about its next CEO....
http://www.chemweek.com/sections/top_of_the_week/Dow-charts-course-for-next-phase-of-transformation_74620.html
October 20, 2015
The US specialty chemicals market contracted 1.0% year-on-year (YOY) in September on a three-month moving average (3MMA), according to the latest issue of ACC's specialty market volume...
http://www.chemweek.com/sections/top_of_the_week/US-specialty-chemicals-down-1-0-percent-in-September_74470.html
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....
http://www.chemweek.com/sections/top_of_the_week/DuPonts-chair-CEO-to-retire-Tyco-exec-interim-replacement_74314.html
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...
http://www.chemweek.com/sections/top_of_the_week/Covestro-shares-rise-in-market-debut_74313.html
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...
http://www.chemweek.com/sections/top_of_the_week/Air-Products-to-spin-off-materials-technologies_73976.html
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...
http://www.chemweek.com/sections/top_of_the_week/Ashland-to-divest-Valvoline_73975.html
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...
http://www.chemweek.com/sections/top_of_the_week/Second-quarter-production-up-in-Germany_73499.html
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...
http://www.chemweek.com/sections/top_of_the_week/Tikkurila-to-cut-up-to-100-jobs-in-Finland_73410.html
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....
http://www.chemweek.com/sections/top_of_the_week/China-uncertainty-crude-decline-roil-chemical-markets_73297.html
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
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