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March 22, 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.

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March 15, 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 1, 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 16, 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 16, 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 26, 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 19, 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 19, 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 5, 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 5, 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...
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