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March 23, 2012

Chemical demand growth in China has fallen below the double-digit percentage pace it has sustained over the last few years, but producers and analysts are confident that a feared “hard landing” can be avoided. China still offers the industry’s best growth prospects, they say. Year-over-year chemical production growth fell below 10% in September 2011 for the first time in two years, and it has continued to moderate through early 2012.


March 16, 2012
The U.S., European Union (EU), and Japan have launched a legal challenge to China’s restrictions on exports of rare earths. They have jointly requested dispute settlement...
March 2, 2012
Bock: Higher sales and profits this year. Engel: Seeking raw material security. BASF reported record annual sales and earnings for 2011 but the company’s fourth-quarter earnings...
February 17, 2012
Bayer says it has agreed to lease mineral rights at its New Martinsville, WV site to to Gastar Exploration (Houston) for development of Marcellus Shale natural gas resources. Bayer is...
February 17, 2012
Chemical makers continued to report mixed results, with commodity firms posting losses due to customer destocking, while specialty firms were able to maintain profitability due to...
February 10, 2012
Indorama Ventures (Bangkok) has agreed to acquire the chemical assets of Old World Industries (Northbrook, IL), including a production facility at Clear Lake, TX, for $795 million. Old...
February 10, 2012
Eastman Chemical has agreed to acquire Solutia for $4.7 billion in cash and stock, a move that lifts Eastman near $10 billion in annual revenue and enhances its position in specialty...
January 27, 2012
Kullman: Destocking impacted Q4. Fourth-quarter earnings reports at diversified, commodity and industrial gases firms showed mixed results, as strong pricing offset volume declines for...
January 20, 2012
Marcinowski: Lack of acceptance. BASF plans to concentrate its plant biotechnology activities on the main markets in North and South America, and it will pull out of genetically...
January 20, 2012
Chao: Westlake seeks #2 position in PVC. Westlake Chemical has made an unsolicited $1.1-billion bid for rival vinyls maker Georgia Gulf. The $30/share all-cash offer was 22% above...
January 9, 2012
Earnings growth is expected to slow for U.S. chemical makers in 2012 while still remaining positive overall, according to Wall Street analysts. Deutsche Bank (New York) expects...
January 6, 2012
H.B. Fuller has agreed to purchase Forbo Group’s (Zurich) global industrial adhesives business for CHF370 million ($394 million), a deal that boosts Fuller’s position in China and...
December 16, 2011
Al Sadoun: Mideast growth at 6.6%/year. Mideast producers are shifting strategies, as feedstock slates become heavier and companies strive to develop downstream manufacturing...
December 9, 2011
Sasol says it is studying a world-scale ethane-based cracker and downstream derivative units at its Lake Charles, LA site, the latest investment in North America’s widening cost...
November 26, 2011
PTT Global Chemical (Bangkok) has reached an agreement to acquire a 51% stake in Perstorp’s isocynates business for €114.8 million ($154 million). The business will become a joint...
November 26, 2011
Takken: Staying with vinyl products. Arkema plans to offload its money-losing vinyl products business to private equity firm Klesch Group (Geneva), which specializes in the development...
November 18, 2011
Celanese chairman and CEO David Weidman has announced plans to retire on April 2, 2012, and will be succeeded by Albemarle executive chairman Mark Rohr. “This wasn’t an easy...
November 18, 2011
Ashland has reached separate deals to sell its and aviation and refrigerant lubricants business and polyvinyl acetate (PVA) emulsions unit. Combined revenues from both businesses were...
November 4, 2011
Huntsman: No signs of 'double dip.' Gallogly: Advantaged U.S. position. Basic and diversified chemical makers posted stronger earnings as higher pricing kept margins healthy, despite...
October 14, 2011
AL Falih: 'A game changer' for Saudi Arabia's petrochemical industry. Saudi Aramco and Dow Chemical have signed a shareholders’ agreement for their previously announced Sadara...
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