IHS Chemical Week

ACC's CAB expands for seventh consecutive month

September 27, 2016 | Jing Chen

American Chemistry Council’s (ACC) chemical activity barometer, an index of activity in the chemical industry, rose 0.4% in September on a three-month moving average, the seventh consecutive monthly increase. The CAB also rose 0.4% in August. Year on...

Cambrex to acquire PharmaCore

September 26, 2016 | Michael Ravenscroft

Cambrex (East Rutherford, New Jersey), a manufacturer of small molecule innovator and generic active pharmaceutical ingredients (APIs), says it has agreed to acquire PharmaCore, a privately owned company specializing in developing, manufacturing, and scaling...

Clariant to open hair-care center in Brazil

September 26, 2016 | Michael Ravenscroft

Clariant has announced it is to open a hair-care center in Santo Amaro, São Paulo, Brazil. The center, Clariant’s first, is due to open in the first quarter of 2017. With a floor area of 240 square meters, the center will house a team of Clariant...

New Mountain targets vistas in specialties for Avantor

September 26, 2016 | Robert Westervelt

Private equity firm New Mountain Capital (New York, New York) has announced plans to merge two portfolio companies, Avantor Performance Materials (Center Valley, Pennsylvania) and NuSil Technology (Carpinteria, California) as it sharpens focus on the bioprocessing and biomaterials space....

Lanxess agrees to acquire Chemtura for $2.70 billion

September 25, 2016 | Natasha Alperowicz

Lanxess announced on Sunday that it has reached an agreement to acquire Chemtura Corporation, for an enterprise value of €2.40 billion ($2.70 billion)...

Inter Pipeline completes acquisition of Williams Canada

September 23, 2016 | Clay Boswell

Inter Pipeline (Calgary, Alberta) says it has closed the C$1.35 billion ($1.05 billion) acquisition of The Williams Companies’ Canadian natural gas liquids (NGL) midstream businesses (Williams Canada), which was announced on 8 August....

North America PVC price increases will be difficult before 2017

September 23, 2016 | Brian Balboa

To recover increases in the cost of feedstocks ethylene and chlorine, US polyvinyl chloride (PVC) producers have nominated October price increases of 4 cents per pound, but with the US construction season winding down and new supply slated to come online next year, buyer resistance is growing, according to IHS Chemical...

Vale says it is yet to decide on fertilizer divestment, despite reports of sale to Mosaic

September 23, 2016 | Francinia Protti-Alvarez

Vale's (Rio de Janeiro, Brazil) board has not yet made a decision on selling a stake in its fertilizer unit, the company said in a securities filing on 22 September. The filing follows information posted in a blog by Jornal O Globo that says Vale is in talks...

Toray to increase carbon fiber capacity 20% by 2018

September 23, 2016 | Sok Peng Chua

Toray Industries (Tokyo, Japan) aims to increase its worldwide carbon fiber production capacity by about 20% by 2018. The company will focus on a low-priced version used in wind turbines and other applications...

ADM taps Ginkgo for strain engineering

September 23, 2016 | Rebecca Coons

Strain engineering firm Ginkgo Bioworks (Boston) says it has signed an agreement with Archer Daniels Midland (ADM) to develop custom strains of microorganisms that will be used to produce a cultured ingredient "key" to ADM.  Further details...

Ashland prices Valvoline IPO, shares to launch trading Friday

September 22, 2016 | Vincent Valk

Ashland’s Valvoline IPO, under which 30 million shares in the new firm will be sold in a public offering, has been priced at $22/share. Ashland will retain an 85% stake in automotive lubricants maker Valvoline, totaling about 170 million shares, after...

Monsanto licenses CRISPR-Cas technology

September 22, 2016 | Rebecca Coons

Monsanto says it signed a global, non-exclusive licensing agreement for the Broad Institute of MIT and Harvard's CRISPR-Cas genome-editing technology in agriculture. According to Monsanto, genome-editing technologies such as CRISPR-Cas offer a way for...

Omnova falls short of estimates on lower volumes, paper and carpet still a challenge

September 22, 2016 | Vincent Valk

Omnova Solutions today reported fiscal third-quarter net income that rose more than tenfold year-on-year (YOY), to $4.7 million from $400,000. Sales, however, declined 7.3% YOY, to $195.6 million, due to declines in volumes and selling prices, as well as the...

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