IHS Chemical Week

Bayer CropScience invests $50 million in Muskegon expansion project

5:22 AM MDT | July 7, 2015 | Natasha Alperowicz

Bayer CropScience plans to invest $50 million to expand capacity at its Muskegon, MI manufacturing plant. The company earlier this month held a ceremony to kick off the expansion project, which will increase production of the site’s flagship product...

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PQ names Peabody executive as next CFO

PQ has named Michael Crews as CFO, effective 1 August. Crews will replace Alan McIlroy, who will retire after 10 years with PQ. Crews has served as executive v.p. and CFO of coal maker Peabody Energy (St. Louis) for the past seven years. Prior to joining...

Chinese private equity firm makes offer to buy majority stake in Western Potash

Western Potash Corp (Vancouver) said on Monday that Beijing Tairui Innovation Capital Management has agreed to make a strategic equity investment of C$80 million ($63.2 million) in Western at a price of Can$0.3213/common share for a total of about 249 million...

Dow-Olin chlor-alkali merger receives overseas regulatory approvals

Olin has received all the foreign regulatory approvals required to close its pending merger of certain Dow Chemical chlor-alkali and derivative assets with Olin. The transaction, still subject to Olin shareholder approval and other customary closing...

Technip restructures, cuts jobs to cope with downturn in oil & gas industry

Technip (Paris), Europe’s largest engineering & construction firm and one of the largest global players, announces on Monday that in anticipation of an even more challenging environment in the oil & gas segment, it will accelerate its cost...

Chemours sets postspin strategy

Chemours says its postspin course will focus on nurturing growth opportunities in titanium dioxide (TiO2) and fluoroproducts....

Carrico leaves Axiall after string of disappointing quarters

Paul D. Carrico has retired as Axiall president, CEO, and member of the board, effective immediately, the company says. Timothy Mann, Jr., will serve as interim president and CEO until a successor is found. “The Axiall board has an active search process under way to select the next CEO to strengthen the company’s financial performance and drive enhanced shareholder value,” the company says in a statement....

KBR forms two alliances with Bernhard Capital Partners

KBR said on Monday that it has agreed to enter into two new partnerships with Bernhard Capital Partners (BCP). The first agreement will establish an equally owned and managed company, Brown & Root Industrial Services (Baton Rouge). KBR's Americas'...

Mitsui O.S.K. Lines orders dual-fueled methanol carriers

Mitsui O.S.K. Lines (MOL; Tokyo) has ordered methanol carriers from Minaminippon Shipbuilding Co. (Usuki, Japan). The carriers will be equipped with the world’s first methanol-burned, dual-fueled, low-speed diesel main engine, Mitsui says. The vessels...

Formosa to add PP capacity at Point Comfort

Formosa Plastics Corp. USA, a Formosa Plastics Corp. (Kaohsiung, Taiwan) subsidiary, will build an additional polypropylene (PP) production line at its Point Comfort, TX, site. It will be the first new PP production facility to be built in the United States...

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