IHS Chemical Week

The latest chemical industry news

Solvay to acquire Cytec Industries for $6.4 billion

3:15 PM MDT | July 31, 2015 | —Deepti Ramesh and Robert Westervelt

Solvay has reached a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $6.4 billion, including debt, in a bid to acquire a leading position in high-growth aerospace and automotive materials, the company says....

ICIG completes acquisition of Vynova, appoints new management team

2:44 AM MDT | August 2, 2015 | Natasha Alperowicz

International Chemical Investors Group (ICIG; Frankfurt) has announced the completion of its acquisition of certain chlorvinyls assets from Inovyn, the polyvinyl chloride (PVC) joint venture between Ineos and Solvay. Ineos and Solvay had to sell these assets...


KKR to acquire stake in Indian polyester producer JBF Industries

Berry Plastics to acquire Avintiv from Blackstone for $2.45 billion

ExxonMobil's chemical earnings leap to $1.2 billion

More Top of the News...

This week

Executive compensation:
Pay soars for top leaders

As the industry benefitted from improving demand and a strong stock market in 2014, the pay for industry leaders jumped sizably. Compensation programs for senior executives continue to evolve, influenced by shareholder pressure and high stock prices...
read more>>

Americas

Moody's: Debt refinancing a risk for some private equity–owned chemical companies

10:53 AM MDT | July 31, 2015 | Vincent Valk

Debt refinancing is a risk for a group of nine high-yield-rated chemical companies with a total of about $5 billion in debt maturing in 2017 or 2018, according to a new report by Moody’s Investors Service (New York). The nine companies are mostly owned...

Europe

CF Industries completes acquisition of GrowHow UK from Yara

3:27 AM MDT | August 2, 2015 | Natasha Alperowicz

CF Industries has completed the acquisition of the shares it did not already own in GrowHow UK from Yara International for $580 million in cash. GrowHow owns and operates nitrogen production facilities at Ince and Billingham, United Kingdom. The acquisition...

news round-up

Univar floats as Axiall-Lotte cracker plans resurface, June 19

Univar priced an initial public offering of 35 million shares at $22.00 on 18 June, raising $770 million for the company and selling stockholders. Interest from investors was strong, allowing the company to increase the size of the offering by 75%, to 35 million shares, says Univar CEO Erik Fyrwald.

Asia/Pacific

Ube swings to profit

7:19 AM MDT | July 31, 2015 | Deepti Ramesh

Ube Industries reports net profits of ¥6.3 billion ($50.8 million) for its fiscal first quarter ended 30 June 2015, compared with a net loss of ¥1.1 billion in the year-ago period. First-quarter sales increased 8.6%, to ¥161.3 billion. During the...

Mideast/Africa

Saudi methanol producer swings to loss on price decline

4:31 AM MDT | July 30, 2015 | Natasha Alperowicz

Methanol Chemicals Co. (Chemanol) reported a second-quarter net loss of 21.41 million Saudi riyals ($5.7 million) compared with a net profit of SR15.86 million in the year-earlier quarter. The company reported an operating loss of SR6.8 million compared with...

Viewpoint

Basics shine

4:32 PM MDT | July 30, 2015 | —Robert Westervelt

Basics and diversified chemical makers in the United States remain the market’s steadiest performers. Second-quarter financial results show US commodity and diversified chemical producers benefiting from a recovering domestic market and lower feedstocks costs despite challenges from a stronger US dollar (p. 9)....











 
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