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Albemarle, Rockwood courtship played out over 2 years

12:04 PM MDT | August 28, 2014 | Robert Westervelt

Four other specialty chemical makers had also expressed interest in all or part of Rockwood in recent months, according to a regulatory filing....


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Chinese group plans $4.5-billion methanol complex at Texas City

The Galveston County Economic Alliance announced on Tuesday that Fund Connell USA Energy and Chemical Investment Corp. is exploring plans to build a large methanol production and export facility at Shoal Point, Texas City. The announcement was made by the...

Reliance Industries to import US ethane to feed its crackers in India

Reliance Industries (Mumbai) told the Bombay Stock Exchange today that it will source 1.5 million m.t./year of ethane from the United States to feed its crackers in India. The company has executed storage and capacity agreements for liquefaction and export of...

Carlyle's Axalta files for IPO

Axalta, the former automotive coatings business of DuPont, has filed with the US Securities and Exchange Commission (SEC; Washington) for an initial public offering....

Third Point reports 1.8% Dow holding; Third Point, Jana take stake in FMC

Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings with SEC on 14 August. Third Point also reports new stakes in DSM and FMC. Jana Partners joined Third Point with a new FMC stake in the second quarter. ...

Pricing and outages shape commodity earnings

Commodity producers in North America have turned in mixed second-quarter results that show the effects of production outages and price pressures. Huntsman reports net income of $119 million, up 153% year-on-year (YOY) on gains across all segments except...

Apple bans benzene and n-hexane from final product assembly

Apple announced today that it will ban the use of benzene and n-hexane in the final assembly of its electronics as part of a renewed effort to eliminate unsafe work conditions since the addition of ex-EPA chief Lisa Jackson as v.p./environmental initiatives...

Mexichem acquires PVC producer Vestolit for €219 million

Mexichem (Tlalnepantla, Mexico) has agreed to acquire Vestolit (Marl, Germany), Europe’s sixth-largest manufacturer of polyvinyl chloride (PVC), from private equity firm Strategic Value Partners (Greenwich, CT) for a total of €219 million ($294...

Platform Specialty acquires European crop protection chemicals maker Agriphar for $400 million

Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium) for €300 million ($400 million). This deal, when combined with...

Commodity, diversified makers report a solid second quarter

Most commodity and diversified chemical makers have turned in solid results for the second quarter, the combined result of improving demand and productivity gains. Dow Chemical reports adjusted earnings of 74 cts/share, up 16% year-on-year (YOY) and ahead of...

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