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Chemical Industry Weekly News Round-Up, Mar. 23
2:58 PM MDT | March 23, 2012 | By VINCENT VALK
This Week on CW:
Growth in the chemical industry in China is slowing, but still strong, and higher than in developed economies. Most analysts say the country can avoid a “hard landing.”
Sony is selling its chemical business, Sony Chemical & Information Device Corporation, to the Development Bank of Japan. The sale, the price of which was not announced, is expected to close in early 2013.
Arysta LifeScience is halting sales of the pesticide methyl iodide in the U.S. due to questions about its “economic viability.”
Agrium is planning to buy the agricultural retail business of grain handler Viterra in Canada and Australia for $1.16 billion. The deal is pending upon the closure of Glencore’s acquisition of Viterra.
Around the Web:
Thanks to hydraulic fracturing and new discoveries, U.S. oil and gas production is rising, in The New York Times.
U.S. Federal Reserve Chairman Ben Bernanke says that the economy’s underlying strength is questionable despite recent gains, The Associated Press reports.
Agrium’s proposed acquisition of Viterra’s retail business makes it a “quiet winner” in the $6.15 billion Glencore-Viterra deal, says Reuters.