IHS Chemical Week

The latest chemical industry news

Eastman to Acquire Solutia for $4.7 Billion

9:48 AM MST | January 27, 2012 | Natasha Alperowicz

Eastman Chemical has reached an agreement to acquire Solutia for about $4.7 billion in stock and cash, including assumed debt. Solutia shareholders will receive $22.00 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock...

Ineos Reports Stable Fourth-Quarter Ebitda

10:36 AM MST | January 27, 2012 | Ian Young

Ineos says that, "based on unaudited preliminary management information," the company estimates that its fourth-quarter 2011 Ebitda was €220 million, down 1% on the corresponding period of 2010. The figures are for Ineos's chemicals business ...


DIC Names Next CEO

Total Details Aromatics Project in Korea

Shin-Etsu Reports Fall in Profits and Sales

More Top of the News...


Cradle-to-Cradle Manufacture: Flooring Producer Desso Lays Out New Approach


Desso (Waalwijk, the Netherlands), a manufacturer of carpets and flooring systems made from materials such as nylon 6, nylon 6,6 and polypropylene (PP), in 2007 changed its business model by adopting a production system based on Cradle to Cradle design principles. The company has been working with Dow Chemical and other chemical firms to get where it wants to go...


WEBCAST: February 8th 10 AM EST: Driving Industry-Leading Productivity in the Process Industries. Featuring Axel Steiger-Bagel of Bayer.

CHEMICAL PRICES

Chemical Week PriceWatch

BUTADIENE

140-142

cts/lb del January 27

CONFERENCES AND EVENTS

Polyester & PET Chain 2012

The Way Ahead: Markets, Technologies, Applications

February [14] 15-16, 2012 | 
Zurich Switzerland 
Post Congress Open House - February 17th
 
                                                                        

India Chemical Industry Outlook Conference & Roundtable

February 23-24, 2012

InterContinental The LaLit
Mumbai, India

More conferences>>

CHEMICAL BLOG

Chemical Industry Weekly News Round-Up, Jan. 27

January 27, 2012 | By VINCENT VALK

This Week on CW: Eastman Chemical announced plans to acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The purchase price of $27.65/share, including cash and stock, represents a 42% premium on Solutia’s closing price on Thursday. The deal will create a company with proforma sales in excess of $9 billion/year. Earnings at diversified and commodity firms were decidedly mixed, with...

Biobased Chemicals Summit: Money Talks

January 26, 2012 | By REBECCA COONS

 The Biobased Chemicals Summit in San Diego wrapped up yesterday, and the topic that speakers and attendees kept circling back to was money. Is is available, how does my company get it, where should we invest it? I still have a mountain of material to sift through, but I pulled out a couple of key points in the interim: It's a radically different IPO market than a year ago, and the outlook for those...




Americas

NRDC Sues EPA to Block Nanopesticide Approval

9:46 AM MST | January 27, 2012 | Kara Sissell

The Natural Resources Defense Council (NRDC; Washington) has filed suit to block the U.S. EPA’s conditional approval of nanosilver, an antimicrobial used in textiles, medical treatments and other products. EPA last December approved the petition by...

Europe

Toray and Gordon Murray Design Form Technical Partnership

12:21 AM MST | January 27, 2012 | Deepti Ramesh

Toray Industries and automotive design company Gordon Murray Design (Shalford, U.K.) say they have agreed to enter into a technical partnership. Through the partnership, focused mainly on automobile-related research and development, the companies will work...

news round-up

Chemical Industry Weekly News Round-Up, Jan. 27

Eastman Chemical announced plans to acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The purchase price of $27.65/share, including cash and stock, represents a 42% premium on Solutia’s closing price on Thursday...

Asia/Pacific

Dishman May Sell API Facility in China

3:00 AM MST | January 27, 2012 | Deepti Ramesh

Dishman Pharmaceuticals & Chemicals (Ahmedabad, India), tells CW that it may sell its large-scale facility in the Shanghai Chemical Industrial Park at Caojing, China, which produces pharma intermediates, active pharmaceutical ingredients (APIs), and...

Mideast/Africa

South Africa Blocks Chemicals Merger, Future of CMC Producer Uncertain

3:38 AM MST | January 25, 2012 | Natasha Alperowicz

South Africa's Competition Commission (Pretoria) on Tuesday blocked a bid by Senmin International, a unit of AECI, to acquire Cellulose Derivatives (Pretoria). The commission says that the merger “was essentially the same transaction that was previously...

Viewpoint

Restocking Ahead

6:35 PM MST | January 26, 2012

Early earnings reports confirm the weak end to 2011. Volumes fell in the fourth quarter, but revenues and earnings were decent thanks to strong pricing (p. 9, 12). DuPont reported a 10% year-over-year drop in volumes, with demand dragged down by weakness in...











 
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