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October 20, 2008
Ineos has declined to comment on U.K. press reports that it is considering plans to sell some assets to reduce debt. A recent report in the Sunday Telegraph, quoting sources...
October 20, 2008
Apollo Management (New York) has agreed to contribute $540 million to its Hexion Specialty Chemicals unit to assist in closing Hexion’s acquisition of Huntsman. Hexion says it...
October 20, 2008
Attorneys General (AG) from Connecticut, Delaware, and New Jersey have asked 11 manufacturers of baby bottles and infant formula to stop using bisphenol A (BPA). The FDA has so far...
October 20, 2008
EPA has revised its definition of solid waste (DSW) to allow more recycling of certain secondary hazardous wastes including solvents, a decision that will allow specialty batch...
October 3, 2008
AkzoNobel has announced a range of operational targets designed to make the company more profitable and efficient following the recent divestment of its pharmaceutical business and...
October 3, 2008
Private equity firm Arsenal Capital Partners (New York) says it has signed a definitive agreement to acquire Ferro’s fine chemicals business, a leading producer of electrolytes...
September 26, 2008
DuPont has named Ellen J. Kullman as president and a director beginning October 1 and as CEO starting January 1, 2009. Chad Holliday, chairman and CEO, will serve as chairman and...
September 26, 2008
PPG Industries says it will close several Canadian, European, and U.S. manufacturing units as part of a reorganization plan that is expected to yield about $100 million in pretax...
September 22, 2008
BASF plans to buy Ciba Specialty Chemicals in the latest M&A deal of a rapidly consolidating specialties market. BASF has made a SF50/share cash offer to Ciba’s shareholders...
September 19, 2008
BASF says from October 1 it will slash production of polystyrene (PS) in Europe by 25%. “The reason for this step is the diminished demand for the standard plastic PS, a...
September 17, 2008
ChemSec (Gothenburg, Sweden), a nongovernmental organization (NGO), has published SIN list 1.0, a list of 220 chemicals that, based on scientific data, it is proposing should be banned...
September 15, 2008
A group of Huntsman shareholders offered to provide more than $400 million to shore up Huntsman’s balance sheet last week, in a further bid to prod Hexion Specialty...
September 15, 2008
The board of Lucite International (Southampton, U.K.) has appointed Merrill Lynch and Deutsche Bank to examine and advise on “strategic options,” including a possible sale...
September 15, 2008
Dow Chemical says it plans to sell its Clear Lake, TX acrylic acid and esters operations as well as its UCAR Emulsion Systems specialty latex business in North America. Dow says it is...
September 8, 2008
Several chemical manufacturers that shut down operations along the U.S. Gulf Coast coasts ahead of Hurricane Gustav’s landfall last week are assessing damage and time lines for...
September 8, 2008
Westlake says it will invest $250 million-$300 million to build a membrane-process, chlor-alkali plant at its Geismar, LA vinyls complex by the first half of 2011. The plant will have...
September 8, 2008
Arch Chemicals says it has agreed to acquire water treatment chemicals producer Advantis Technologies (Alpharetta, GA), a subsidiary of Rockwood Holdings, for $130 million in cash. The...
August 26, 2008
An “adequate margin of safety” exists to prevent harm from bisphenol A (BPA) in food and beverage containers, according to an FDA draft assessment released earlier this...
August 26, 2008
Dow Reichhold Specialty Latex, a 50/50 joint venture of Dow Chemical and Reichhold, says it will cease business activities before year-end. Dow and Reichhold say the shut down includes...
August 18, 2008
Raw material and energy costs combined with the weak U.S. economy continue to concern basic chemicals producers. However, second-quarter producer earnings were relatively strong...
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