|
February 3, 2012 | By VINCENT VALK This Week on CW: Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago period and falling short of analysts’ estimates. Meanwhile, Cabot reported fourth-quarter net income that fell 39%, to $46... February 2, 2012 | By GREG KEFER Traditional business software systems were designed to do, essentially, one thing: automate the processes within a single enterprise. They weren't designed to automate the processes that occur between companies working together as global trading and service communities. However, supply chain, especially within the chemical industry, is defined by its focus on inter-company collaboration across... January 31, 2012 | By CHRIS EACOTT By Chris Eacott, managing director of Stewardship Solutions (Rossendale, U.K.), a Reach and CLP consulting firm The European Union's (EU) Registration, Evaluation and Authorisation of Chemicals (Reach) regulation has been in force since June 2007, but still most companies are confused about how to comply with it; it doesn't help that some of the legal text and official guidance is unclear on... January 30, 2012 | By VINCENT VALK Topping the headlines last week, Eastman Chemical will acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The $27.65/share deal values Solutia at a 42% premium over its closing price on January 26. Eastman expects to issue $3.5 billion in debt to finance the deal, along with $700 million in new stock to Solutia shareholders. The combined company will have revenues of about $9... January 30, 2012 | By ALEX SCOTT Biotech has been in the news this week with innovation deals and developments including those that emerged at The Biobased Chemicals Summit held in San Diego this past week was the source of much discussion and news surrounding technology and deal making in the biochemicals sector. Renewable chemicals firm Genomatica (San Diego) says it has obtained exclusive worldwide rights to Beta Renewables’... January 27, 2012 | By VINCENT VALK This Week on CW: Eastman Chemical announced plans to acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The purchase price of $27.65/share, including cash and stock, represents a 42% premium on Solutia’s closing price on Thursday. The deal will create a company with proforma sales in excess of $9 billion/year. Earnings at diversified and commodity firms were decidedly mixed, with... January 26, 2012 | By REBECCA COONS The Biobased Chemicals Summit in San Diego wrapped up yesterday, and the topic that speakers and attendees kept circling back to was money. Is is available, how does my company get it, where should we invest it? I still have a mountain of material to sift through, but I pulled out a couple of key points in the interim: It's a radically different IPO market than a year ago, and the outlook for those... January 24, 2012 | By DEEPTI RAMESH DSM AND SINOCHEM EXPLORE COLLABORATION IN BIOTECHNOLOGY Sinochem (Beijing) says that it has signed a memorandum of understanding with DSM on January 18, to explore opportunities for cooperation in the field of biotechnology, building on their existing cooperation in anti-infectives. DSM and Sinochem completed a deal in August 2011 to establish a 50-50 jv for the DSM Anti-Infectives business, creating DSM... January 23, 2012 | By VINCENT VALK Topping the headlines last week, early fourth-quarter earnings showed steady growth despite some weakness in volumes. PPG’s net income rose 5%, to $216 million, on modest sales growth, while H.B. Fuller’s rose 20.5%, to $26.4 million. PPG beat estimates, while H.B. Fuller missed. Meanwhile, Celanese cut its 2011 outlook on weak demand from Europe. The company will release its earnings on... January 20, 2012 | By VINCENT VALK This Week on CW: PPG and H.B. Fuller both reported earnings increases, mostly due to higher sales. PPG’s fourth-quarter net income rose 5% to $216 million, while H.B. Fuller’s rose 20.5%, to $26.4 million. Celanese, however, cut its 2011 adjusted earnings outlook to $4.45/share, down 15 cts-25 cts from previous guidance. The cut...
|
ABOUT CHEM IDEAS
Welcome to Chem Ideas, the place for opinions and perspective on the key issues affecting the global chemicals industry. This zone features articles by Chemweek’s regular editors as well as a team of established experts with insights across the chemicals industry. If you would like to contribute a blog or opinion piece contact Alex Scott, Executive Editor/Web and Environment for Chemweek at alex.scott@ihs.com
CLICK HERE TO LEARN ABOUT CHEMWEEK'S EDITORS
ABOUT OUR GUEST AUTHORS
Fine Chemicals / Pharma
Girish Malhotra is the president and founder of Epcot International, an international consulting firm covering chemical manufacture. Girish is an established industry figure having held senior positions at companies including ExxonMobil and Sherwin Williams. He can be reached at girish@epcotint.com
.jpg) SOCMA
Lawrence D. Sloan became Socma's
President in early 2010. He says he will continue to drive up the interests of his members on issues including regulation and best business practice.
REACH
Lisa Allen is the Technical Manager of ReachReady, the Reach services body affiliated to the Chemical Industries Assocation (CIA; U.K.).
She spends much of her time addressing concerns raised by ReachReady’s customers about Reach.
.jpg) Environment
Kathryn Sheridan is the founder of Sustainability Consult, providing public relations support with a sustainability focus to a number of chemical industry clients, as well as to other sectors. Sustainability Consult helps organisations develop, promote and communicate their sustainability strategies, plans and activities. ks@sustainabilityconsult.com
Rubber and Plastics
Lou Reade is a freelance journalist and expert in the rubber and plastics fields. Based in the U.K. Lou has more than a decade writing in about rubber and plastics manufacture with a wealth of experience gained while writing for the leading publications in the field in the U.K. and wider afield. Loureade@talk21.com.
EU Regulation
Giles Chappell is an attorney in the Brussels office of McKenna Long & Aldridge LLP. His practice focuses on chemicals (Reach) and the CLP Regulation), electronic waste and disposal legislation (WEEE, RoHS), biocides and pesticides legislation, and the developing legal and regulatory framework for nanomaterials.
 Security
Steve Roberts is an attorney who practices in the rapidly developing area of homeland security law and regulation. Steve writes and speaks frequently on the legal aspects of homeland security and counterterrorism affecting the nation’s critical infrastructure. www.chemicalsecurity.com
|
Follow us on Twitter
Follow us on Twitter
