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Chemical Industry Weekly News Round-Up, Apr. 13
3:14 PM MDT | April 13, 2012 | By VINCENT VALK
This Week on CW:
Cytec has agreed to acquire Umeco, a maker of advanced composite materials, for $439 million. Cytec also expects first-quarter adjusted earnings to be 45%-50% higher than analysts’ consensus of 85 cts/share.
U.S. EPA has put forth a proposed rule that would require chemical companies to electronically report some information to the agency under TSCA.
DuPont has prevailed in anti-trust counter-claim related to last year’s Kevlar trade secrets case.
The European Commission is reviewing antidumping duties on ethanolamines from the U.S. in response to a price hike by Dow Chemical.
Around the Web:
West Virginia state officials are still hoping to land an ethane cracker, after the announcement earlier this year that Shell is building one in Pennsylvania, in the Wheeling News-Register.
An editorial in Bloomberg endorses hydraulic fracturing, but says disclosure of the chemicals used in the process is crucial.