IHS Chemical Week

The latest chemical industry news

Valspar to acquire performance coatings businesses from Quest Specialty Chemicals

1:36 PM MDT | May 27, 2015 | Deepti Ramesh

Valspar says that it has definitively agreed to acquire the performance coatings businesses of Quest Specialty Chemicals (Charleston, SC), which include automotive refinish and industrial coatings. Financial terms of the deal have not been disclosed. With...

AkzoNobel to build performance coatings facility in Thailand

8:07 AM MDT | May 27, 2015 | Deepti Ramesh

AkzoNobel says that it will invest more than €30 million ($32.7 million) in a manufacturing facility in Thailand to support the regional growth of its performance coatings business. The project involves constructing a plant within the Hemaraj Eastern...


Lower US June benzene contract expected on weak demand, ample supply

Angus Chemical appoints CFO

PTTGC selects technologies for US project, could raise capacity at planned Indonesia refinery

More Top of the News...

This week

Managing specialties:
Innovating ahead of the curve

Innovation and customer intimacy are key priorities for specialty chemical companies as they try to maintain margins. Pressure is coming from the ever-smaller window for new, high-margin products and the mixed impact of low energy costs. Working closely with customers is seen as an important way to preserve value...read more>>

Americas

Valspar beats estimates; but sales fall on currency, loss of customer

9:16 AM MDT | May 27, 2015 | Vincent Valk

Valspar has reported fiscal second-quarter net income up 5% year-on-year (YOY), to $90.3 million, on net sales down 7%, to $1.08 billion. Adjusted earnings totaled $1.11/share, slightly ahead of analysts’ consensus estimate of $1.10/share, as reported...

Europe

Plantations firm buys Emery Oleochemicals unit in Germany

6:05 AM MDT | May 27, 2015 | Ian Young

Plantations company Kuala Lumpur Kepong (KLK) says that its KLK Emmerich subsidiary has agreed to acquire Emery Oleochemicals' (Shah Alam, Malaysia) oleochemicals plant at Holthausen, Germany, near Düsseldorf, for €40.5 million ($44.1 million) in...

news round-up

Assessing crude's impact on Q4, January 23

Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the outlook for 2015 will be cautious. In research notes, the analysts cite a range of factors driving industry performance, but the recent collapse of crude oil pricing stands out. A majority of US chemical makers report are set to report fourth-quarter earnings over the next two weeks. ...

Asia/Pacific

OLS Enterprise to acquire phosphate additives producer in Malaysia for $222 million

8:30 AM MDT | May 27, 2015 | Deepti Ramesh

OLS Enterprise (Singapore) says that it plans to acquire phosphate additives producer Malaysian Phosphate Additives (MPA; Petaling Jaya, Malaysia), for about S$300 million (US$222.0 million). OLS says that it has entered into a deal with Right Earth, Casa...

Mideast/Africa

Johnson Matthey acquires StePac modified atmosphere packaging business

12:08 AM MDT | May 26, 2015 | Deepti Ramesh

Johnson Matthey says that, on 18 May, it acquired the StePac (Tefen Industrial Park, Israel) modified atmosphere packaging (MAP) business from DS Smith (London) for £18.0 million ($27.8 million). StePac, which employs about 90 people, is a leading...

Viewpoint

Staying special

4:17 PM MDT | May 21, 2015

Our cover story this week focuses on specialty chemicals and the ongoing effort to fight off commoditization (p. 21). With the age of new molecules largely passed, producers have turned attention to more closely aligning with customers to find the solutions and formulations that preserve value and enhance margin....











 
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