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July 31, 2007
ICI has rejected an informal £7.2-billion ($14.2 billion) takeover bid by Akzo Nobel. Akzo approached ICI on June 4 to discuss a possible cash offer for the company, but...
http://www.chemweek.com/sections/top_of_the_week/ICI-Rejects-$14-Billion-Bid-From-Akzo-Nobel_6689.html
July 31, 2007
Favorable industry conditions and improved fortunes for ACC fostered an upbeat mood at the organization’s annual meeting, held last week at the Greenbrier in White Sulphur...
http://www.chemweek.com/sections/top_of_the_week/ACC-Members-Upbeat-Amid-Favorable-Industry-Conditions_6602.html
July 31, 2007
Ineos has agreed to acquire Borealis’s petrochemical manufacturing business in Norway for €290 million ($389 million). The business consists of a polyolefins complex at...
http://www.chemweek.com/sections/top_of_the_week/Ineos-Buys-Borealiss-Norwegian-Assets_6601.html
July 30, 2007
Contract manufacturing organizations (CMOs) say that 2006 sales are up over the previous year, and that they are confident of continued growth in 2007. Growth is taking place despite...
http://www.chemweek.com/sections/top_of_the_week/CMOs-Expect-Sales-Growth-This-Year_5685.html
July 30, 2007
Flint Hills Resources (Wichita, KS), a subsidiary of Koch Industries, has agreed to acquire Huntsman’s U.S. chemicals and polymers business for approximately $456 million in...
http://www.chemweek.com/sections/top_of_the_week/Koch-to-Acquire-Huntsmans-U-S-Commodities-Business_5684.html
July 30, 2007
U.S. facilities that the Department of Homeland Security (DHS; Washington) considers the highest risk in the event of a terror attack can expect a call from DHS “within...
http://www.chemweek.com/sections/top_of_the_week/DHS-Poised-to-Notify-Highest-Risk-Plants_6630.html
July 30, 2007
Akzo Nobel is refocusing and gearing up for growth following the previously announced sale of its pharmaceuticals business to Schering-Plough, for which Akzo will receive about...
http://www.chemweek.com/sections/top_of_the_week/Re-energized-Akzo-Nobel-Seeks-Acquisitions_6631.html
July 30, 2007
International Paper (IP) says it has agreed to sell its Arizona Chemical (Jacksonville, FL) unit to private equity firm Rhone Capital for $485 million. As part of the agreement, IP...
http://www.chemweek.com/sections/top_of_the_week/Rhone-Capital-Acquires-Arizona-Chemical_5285.html
July 30, 2007
Engineering and construction (E&C) costs are likely to rise further this year amid continuing increases in E&C material and equipment prices as well as a tight labor market...
http://www.chemweek.com/sections/top_of_the_week/E-and-C-Costs-Expected-to-Rise-Further_5284.html
July 27, 2007
Three of Brazil’s largest chemical makers will acquire the Ipiranga Group (São Paulo), a petrochemical, refinery, and fuel distribution firm with 2006 sales of R30 billion...
http://www.chemweek.com/sections/top_of_the_week/Braskem-Petrobras-and-Ultra-Buy-Ipiranga-Group_5960.html
July 27, 2007
The battle for the top spot among global chemical distributors heated up last week as number two Univar upped its offer to acquire privately held ChemCentral by $50 million, to $650...
http://www.chemweek.com/sections/top_of_the_week/Univar-Raises-Bid-for-ChemCentral_5961.html
July 27, 2007
Dow Chemical fired two senior officials last week, charging that both “were involved in unauthorized discussions with third parties about the potential acquisition of the...
http://www.chemweek.com/sections/top_of_the_week/Dow-Fires-Two-Officials-Over-Unauthorized-Buyout-Talks_6102.html
July 27, 2007
Dow Chemical and Chevron Phillips Chemical (CPChem) have agreed to place their styrenics assets in the Americas in a 50-50 joint venture. The transaction is expected to close in the...
http://www.chemweek.com/sections/top_of_the_week/Dow-and-CPChem-Link-Styrenics-in-the-Americas_6103.html
July 27, 2007
Chemtura says that Edward P. Garden, a principal and co-founder of hedge fund Trian Fund Management (New York), has been named to Chemtura’s board. Trian manages funds that...
http://www.chemweek.com/sections/top_of_the_week/Activist-Investor-Gains-Board-Seat-at-Chemtura_5574.html
July 27, 2007
U.S. specialty chemical producers mostly reported increases in fourth-quarter earnings because of higher sales volumes and selling prices, as well as a slowdown in the rise of raw...
http://www.chemweek.com/sections/top_of_the_week/Higher-Volumes-and-Prices-Push-Up-Specialty-Earnings_5573.html
July 26, 2007
Basic and diversified chemicals companies posted mixed first-quarter results. Weak U.S. housing and automotive markets hurt some producers, while strong overall growth lifted profits...
http://www.chemweek.com/sections/top_of_the_week/Late-Reporting-Basic-Firms-Post-Mixed-Results_6301.html
July 26, 2007
Univar, the second-largest chemical distributor worldwide, has agreed to acquire privately held rival ChemCentral, number four, for about $600 million in cash, including assumed debt...
http://www.chemweek.com/sections/top_of_the_week/Univar-to-Acquire-ChemCentral_5924.html
July 26, 2007
Akzo Nobel says it has agreed to sell its pharmaceuticals business Organon BioSciences (OBS) to Schering-Plough for €11 billion ($14.5 billion). The companies expect the deal to...
http://www.chemweek.com/sections/top_of_the_week/Schering-Plough-to-Buy-Akzos-Pharma-Unit_5925.html
July 25, 2007
Canadian chemical manufacturers and distributors have faced some difficult challenges in the last year, including several rail strikes, flooding in British Columbia, and tougher...
http://www.chemweek.com/sections/top_of_the_week/Rail-Strikes-Floods-and-Tougher-Regulations-Challenge-Chemical-Sector_6941.html
July 25, 2007
Most North American basic and diversified chemical makers beat analysts’ fourth-quarter earnings estimates (table). Lower raw material and energy costs helped to offset weak...
http://www.chemweek.com/sections/top_of_the_week/Lower-Costs-Lift-Basic-and-Diversified-Chemical-Earnings_5514.html
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