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Shin-Etsu buys GE out of silicones monomer jv in Thailand

11:20 AM MDT | May 24, 2013 | Natasha Alperowicz

Shin-Etsu Chemical has acquired the 50% stake it did not already own in Asia Silicones Monomer (ASM; Rayong, Thailand) from General Electric Co.(GE) for 15 billion Japanese yen ($147.4 million), the company announced Thursday. ASM operates a 70,000 m.t./year...


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Lautenberg, Vitter announce bipartisan bill for TSCA modernization (UPDATED)

Senators Frank R. Lautenberg (D-NJ) and David Vitter (R-LA) today announced the introduction of the Chemical Safety Improvement Act of 2013—a bipartisan effort to modernize the Toxic Substances Control Act (TSCA) that has the endorsement of both...

NACD's Jahn named president of The Fertilizer Institute

The Fertilizer Institute (TFI) announced today that Christopher Jahn, current president of the National Association of Chemical Distributors (NACD), will become its president on 9 September. Jahn will succeed Ford West, who will retire after 34 years with...

Distribution: Momentum slows in a challenging market

Europe’s chemical distributors struggled to increase revenue last year....

Obituary: Haldor Topsøe passes away

Haldor Frederik Axel Topsøe, founder of Haldor Topsøe (Copenhagen) passed away, shortly before his 100th birthday, after a brief illness, the company and his family announced Monday. He remained actively involved in the daily...

ACC study says shale-based chemical investment to create 530,000 jobs in US

The report examines 97 chemical and plastics projects publicly announced through the end of March....

Eastman Chemical names Mark Costa as next CEO

Eastman Chemical has named executive v.p. Mark Costa as CEO effective 1 January 2014. Current chairman and CEO James Rogers will continue to serve as CEO until that dare and then will serve as executive chairman of the board....

Mitsui & Co. to take 50% stake in Celanese methanol project at Clear Lake, TX

Celanese and Mitsui & Co. have agreed to form a 50-50 joint venture for a previously announced project to produce methanol at Celanese's integrated chemical plant at Clear Lake, TX. Celanese announced last June that it will build a methanol...

Billion-Dollar Club: Asian, Mideast Producers Reshape Top Ranks

Chemical revenues and operating earnings were up again in 2011 as industry recovery continued. BASF claimed the top spot for the sixth straight year in CW’s Billion-Dollar Club, our ranking of companies by chemical revenues. ExxonMobil claims the second...

Japan: Producers look to innovation and weaker yen to spark rebound

Japan's chemical makers are hoping that their strong commitment to innovation and new aggressive government stimulus will recharge growth....

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