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Chemical Industry Weekly News Round-Up, Aug. 5
August 5, 2011 | By VINCENT VALK
This Week on CW:
Second-quarter earning were, once again, mostly good, but with some downside. Arkema posted its highest net income ever, while Nalco's profits rose and DSM's edged up. However, Huntsman fell a bit short of estimates as profits flatlined due to higher raw material costs.
Formosa has been ordered to close 28 manufacturing plants in Taiwan after a series of fires at the plants. The closures are expected to cause market disruptions in basic chemicals.
DuPont is recalling the herbicide Imprelis after complaints of widespread damage to trees.
PPG is planning to acquire a Colombian coatings maker, the company's 19 th acquisition since 2005.
Lynas Corp. has officially opened its rare earths mine at Mount Weld, Australia, reducing China's dominance in supply of the metals.
Around the Web:
After a sell-off in global markets on Thursday, the U.S. Labor Department announced the economy added 117,000 jobs in July, somewhat better than expected, in Bloomberg.
The New York Times is hosting a debate on whether manufacturing can lead a U.S. economic revival.
U.S. Republicans have a hidden agenda in the debt ceiling deal – gutting the EPA, in Time.