IHS Chemical Week
EUROPE

Bayer launches $7 billion bond to finance Merck & Co. OTC acquisition

1:14 AM MDT | October 2, 2014 | Natasha Alperowicz

Bayer, which has just closed the acquisition of Merck & Co.’s over-the-counter (OTC) business, today announced that it is issuing a jumbo bond in 144A/Reg S format with a volume of $7 billion through its subsidiary Bayer U.S. Finance (Pittsburgh)...


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PPG expands aerospace sealants production capacity in UK

PPG Industries says it has upgraded aerospace sealants manufacturing operations at its Shildon, UK facility with installation of new equipment to increase capacity and efficiency to meet growing demand. “This is a significant expansion for Shildon and...

Platform closes purchase of Agriphar

Platform says it $1-billion purchase of Chemtura AgroSolutions is 'on schedule to close next month.'...

Bayer closes $14.2-billion acquisition of Merck & Co.'s consumer-care business

Bayer today completed acquiring the consumer-care business of Merck & Co.(Whitehouse Station, NJ). The transaction closed following the receipt of required antitrust approvals. "This acquisition is a milestone for Bayer, and we intend to continue the...

Accident at PKN Orlen's olefins unit injures six

An accident occurred at PKN Orlen's (Płock, Poland) olefins production plant at Płock this morning, the company has confirmed. A small ignition of gaseous hydrocarbon components took place in an off-line section of the plant as maintenance works at one of...

European Commission opens in-depth investigation into financial assistance France provided to Kem One

The European Commission has opened an in-depth investigation into a loan and other forms of public aid, including grants and repayable advances, accorded by the French authorities to Kem One SAS, a chlor-alkali and polyvinyl chloride (PVC) producer, the...

Huntsman closes Rockwood titanium dioxide acquisition

Huntsman today closed its $1.28-billion acquisition of Rockwood's titanium dioxide business, as well as four other businesses. The other businesses include color pigments, timber treatment chemicals, thermoplastic compounding and water treatment chemicals...

TenCate Advanced Composites expands UK operations

TenCate Advanced Composites, a leading global composite materials company, today announced plans to expand its facilities at Langley Mill, Nottingham, UK. The plant will be a center of excellence for thermoset chemistry systems serving Europe, Mideast, and...

Brenntag opens oil and gas application lab in Poland

Brenntag says that it has opened an oil and gas application center at Jankowice, Poland. The laboratory is equipped with devices dedicated for use in three sections: drilling, production, and corrosion studies. The application center will enable Brenntag to...

Odfjell finalizes LPG-ethylene JV deal

Odfjell says it has finalized the previously announced deal with affiliates of investment firms Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas (LPG) and ethylene shipping joint venture. Breakwater and Oak Hill will create the jv by...

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