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Northeast US aromatics may see impact of Winter Storm Juno

4:50 AM MST | January 27, 2015 | Brian Balboa

Winter Storm Juno in the US Northeast could reduce aromatics operations for several producers in the region. The National Weather Service (Silver Spring, MD) issued blizzard warnings well in advance of the storm for parts of the Northeast, effective yesterday...


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Toray to expand polyester staple fiber production in South Korea

Toray Industries says that it will expand the production capacity for low-melt (LM) polyester staple fiber at the Gumi, South Korea production site of Toray Chemical Korea (TCK; Seoul). The additional LM polyester staple fiber production facility is expected...

Sasol Wax sells candles business to Lion Match

Sasol said on Monday that it reached an agreement to divest its Price’s Candles business to The Lion Match Co.  Sasol has owned the Price’s Candles, one of South Africa’s best known brands, since 2002. Price’s Candles makes...

Sika acquires mortar and tile adhesive manufacturer in Mozambique

Sika (Baar, Switzerland) says that it has agreed to acquire the assets of Duro-Moza (Maputo, Mozambique), a company active in production and sales of specialized mortars and tile adhesives. Financial details of the deal were not disclosed. Duro-Moza generated...

Cabot awarded two contracts for mercury removal

Cabot says that it has been awarded contracts by two US power utilities to supply its Darco Hg family of activated carbon products to remove mercury from the flue gas of coal-fired power plants in the Midwest. Cabot expects to provide the utilities with about...

Ashland earnings fall on elastomers sale charge, but beat estimates

Ashland today reported fiscal first-quarter net income from continuing operations down 55% year-on-year (YOY), to $40 million, or 57 cts/share, on sales that were roughly flat at $1.4 billion. Earnings were hit by a one-time charge for a loss on the sale of...

Methanex brings first relocated Geismar methanol plant online

Methanex has started up a 1.0-million m.t./year methanol plant that has been relocated from Chile to Geismar, LA."This accomplishment marks another key milestone in our 2013 commitment to grow our [annual] operating capacity by approximately 3.0 million m.t. over three years, and it will support our continued growth and strategic focus on global methanol leadership,” says John Floren, president and CEO....

MWV to merge with packaging firm RockTenn before spinning off specialty chemicals

MeadWestvaco (MWV) and RockTenn are planning a merger that would create a $16.0-billion leader in the global packaging industry. The combined company, to be named prior to closing, will have combined net sales of $15.7 billion and adjusted Ebitda of $2.90...

JSR upgrades fiscal year forecast

JSR (Tokyo) today upgraded most of its forecast for the fiscal year ending 31 March 2015. The company expects net income of ¥30.0 billion ($253.3 million) compared with a previous forecast of ¥28.0 billion. Operating income is expected to be ¥40.0...

DKSH and Shin-Etsu Silicones extend distribution deal in Europe

Distributor DKSH (Zurich) and Shin-Etsu Silicones, a pioneer in the field of silicones for personal-care products, have extended their existing agreement to market, sell, and distribute Shin-Etsu Silicones’ entire product range in Belgium, Luxembourg...

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