Chemical Industry Weekly News Round-Up, Aug. 10
3:07 PM MDT | August 10, 2012 | By VINCENT VALK
This Week on CW:
Huntsman announced plans to expand its MDI manufacturing facility in Louisiana, to keep pace with growth in demand and take advantage of cheap domestic feedstocks.
DSM will buy a leading Brazilian animal health firm for €465 million ($575.1 million). Meanwhile, the company reported a decline in earnings and plans to cut 4% of its workforce.
Chemicals output and industry confidence are deteriorating in the EU, according to Cefic.
China has launched a physical trading platform for rare earths at Baotou as part of its efforts to regulate the sector.
Around the Web:
An investor who predicted the U.S. housing crash and financial crisis thinks the worst is yet to come, in Slate.
The Atlantic Wire wonders if Huntsman chairman Jon Huntsman, Sr. is the source for Harry Reid’s allegation that Mitt Romney hasn’t paid taxes in a decade.