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August 9, 2013
PPG Industries has reached an agreement to divest its 51% stake in Transitions Optical, a global supplier of photochromic lenses, to Essilor International (Charenton-le-Pont, France), which currently holds a 49% stake in the joint venture. Essilor, a maker of ophthalmic lenses and optical equipment, will also enter into multiyear agreements with PPG for continuing supply of optical dyes and R&D services....
http://www.chemweek.com/sections/top_of_the_week/PPG-exits-Transitions-Optical-JV-to-receive-$1-73-billion_54365.html
July 26, 2013
Dow Chemical has agreed to sell its styrenics unit, Styron, to Bain Capital (Boston) for $1.63 billion. The sale is part of the company’s continuing efforts to mend its balance...
http://www.chemweek.com/sections/top_of_the_week/Dow-Sells-Styron-to-Bain-Capital-for-$1-63-Billion_25358.html
July 26, 2013
DuPont announced 23 July that it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit as part of its transformation to a “higher growth, less cyclical company.”...
http://www.chemweek.com/sections/top_of_the_week/DuPont-exploring-sale-or-split-of-performance-chemicals-unit_53949.html
July 12, 2013
The board of Royal Dutch Shell has announced that Ben van Beurden will succeed Peter Voser as CEO, effective 1 January 2014....
http://www.chemweek.com/sections/top_of_the_week/Shell-names-former-chemicals-chief-van-Beurden-as-CEO_53543.html
July 12, 2013
The European Commission, member states of the European Union, and European industry are to invest more than €22 billion ($28 billion) in innovation over the next seven years....
http://www.chemweek.com/sections/top_of_the_week/EU-and-industry-join-forces-to-invest-$28-billion-in-innovation_53544.html
June 28, 2013
Industry groups, including ACC and American Fuels and Petrochemicals Manufacturers (AFPM; Washington), have issued mostly critical reactions to President Obama’s federal climate...
http://www.chemweek.com/sections/top_of_the_week/Industry-mostly-skeptical-of-Obama-climate-plan_53241.html
June 28, 2013
Israel Corp. (Tel Aviv), the parent of Israel Chemicals (ICL; Tel Aviv), is examining plans to split its assets into two companies, Israel Corp. said in a statement last week. Israel...
http://www.chemweek.com/sections/top_of_the_week/Israel-Chemicals-parent-mulls-split-into-two-companies_53242.html
June 21, 2013
US ethylene prices responded immediately to news of a fatal explosion at Williams’ Geismar, LA, cracker, but the long-term impact of the 13 June incident is uncertain....
http://www.chemweek.com/sections/top_of_the_week/Williams-Geismar-cracker-off-line-after-fatal-explosion_53013.html
June 21, 2013
Private equity firm Cinven (London) has won the bid to acquire CeramTec (Plochingen, Germany) from Rockwood Holdings (Princeton, NJ) for €1.49 billion ($1.98 billion), subject to adjustments. Cinven beat out competition from two other private equity firms, BC Partners and Bain Capital....
http://www.chemweek.com/sections/top_of_the_week/Cinven-wins-$2-billion-bid-to-buy-CeramTec-from-Rockwood_53014.html
June 7, 2013
Sahara Petrochemicals Co. (Riyadh) and Saudi International Petrochemical Co. (Sipchem; Al Khubar), two major petrochemical companies listed on the Saudi Stock Exchange, have announced plans to study a merger....
http://www.chemweek.com/sections/top_of_the_week/Sahara-Petrochemicals-Sipchem-study-merger_52678.html
May 31, 2013
Senators Frank Lautenberg (D., NJ) and David Vitter (R., LA) on 22 May introduced the Chemical Safety Improvement Act (CSIA) of 2013—a bipartisan bill to modernize the Toxic Substances Control Act (TSCA), the 37-year-old law that governs US chemicals management....
http://www.chemweek.com/sections/top_of_the_week/Bipartisan-TSCA-reform-bill-garners-broad-support_52408.html
May 21, 2013
Ineos and Solvay have confirmed CW’s exclusive report that they are forming a vinyls joint venture (CW, May 6, p. 7)....
http://www.chemweek.com/sections/top_of_the_week/Ineos-and-Solvay-confirm-plans-for-vinyls-JV-Solvay-to-exit-PVC_52087.html
May 21, 2013
The US Supreme Court has ruled in favor of Monsanto in a landmark intellectual property case involving reuse of genetically modified seeds. The case, Bowman v. Monsanto, involved an...
http://www.chemweek.com/sections/top_of_the_week/US-Supreme-Court-rules-in-favor-of-Monsanto-in-Bowman-case_52086.html
May 3, 2013
The European Commission, following a vote by EU member states, will proceed with a plan to restrict the use of three neonicotinoids used as insecticides on a variety of crops...
http://www.chemweek.com/sections/top_of_the_week/European-Commission-proceeds-with-ban-on-neonicotinoids_51709.html
May 3, 2013
First-quarter reports from commodity and diversified chemical makers continue to show a divergence between the fortunes of those with access to advantaged feedstocks and those with...
http://www.chemweek.com/sections/top_of_the_week/First-quarter-results-hinge-on-access-to-cheap-feedstock_51710.html
April 26, 2013
Trading in Evonik Industries shares began on 25 April, on the Frankfurt and Luxembourg stock exchanges. It follows three rounds of private placements this year by Evonik’s...
http://www.chemweek.com/sections/top_of_the_week/Evonik-lists-in-Frankfurt-and-Luxembourg-aims-for-MDAX_51511.html
April 15, 2013
The outlook for first-quarter results has dimmed as weaker-than-expected demand led several companies to issue warnings and industry analysts trimmed quarterly estimates....
http://www.chemweek.com/sections/top_of_the_week/Trimmed-estimates-early-earnings-turn-sentiment-bearish_51136.html
April 15, 2013
Mitsubishi Gas Chemical (MGC) and Mitsubishi Corp. say they are in the final stages of an agreement with the government of Trinidad and Tobago and local partner, Neal & Massy...
http://www.chemweek.com/sections/top_of_the_week/Japanese-firms-confirm-plans-for-petchem-project-in-Trinidad-and-Tobago_51137.html
April 1, 2013
DuPont’s Pioneer Hi-Bred business will pay Monsanto a minimum of $1.75 billion in royalty payments through 2023 to stack Monsanto’s Roundup Ready 2 (RR2)...
http://www.chemweek.com/sections/top_of_the_week/DuPont-and-Monsanto-sign-licensing-deal-end-patent-fight_50831.html
March 29, 2013
Dow Chemical announced plans to build four downstream polymer and elastomer units that would be fed from its planned Freeport, TX, cracker. The investments include a metallocene-based...
http://www.chemweek.com/sections/top_of_the_week/Dow-plans-four-US-polymer-plants-signs-ethylene-supply-agreement-for-Idemitsu-Mitsui-LAO-JV_50830.html
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