Chemical Industry Weekly News Round-Up, May 11
2:41 PM MDT | May 11, 2012 | By VINCENT VALK
This Week on CW:
Westlake has dropped its $1.3-billion unsolicited bid for Georgia Gulf after the rival vinyls maker refused to enter into negotiations.
Ineos is considering divesting two HDPE plants in Italy with a combined capacity of 395,000 m.t./year.
DSM’s first-quarter net profit fell 13% year-on-year, to $188 million, on a drop in profits in the company’s polymer intermediates segment.
Lanxess’ first-quarter earnings rose 16%, to E193 million, on higher selling prices.
Around the Web:
The Chicago Tribune has a look at ACC’s lobbying efforts, aimed mainly at limiting government oversight of certain chemicals in the U.S.
Henkel’s CEO says the U.S. market is recovering nicely, in the Wall Street Journal.
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