MARKETS

Grace Splits Davison Operating Segment

W.R. Grace says it has reorganized its businesses into three operating segments—Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—to better align itself with the markets it serves, gain operational efficiencies...

FMC Signs Exclusive Agreement for Access to New Patented Fungicide

FMC says it has signed an exclusive distribution and development agreement with Consumo em Verde (CEV) Biotecnologia das Plantas, S.A. (Lisbon, Portugal) for the fungicidal active ingredient Blad. Under the terms of the deal, FMC Agricultural Products Group...

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Basic Chemicals

PhosAgro and Russian Aluminum Maker Sign Aluminum Fluoride Supply Deal

Rusal (Moscow), the global leading producer of aluminum, and fertilizer producer PhosAgro today announced an agreement for the supply of increased quantities of aluminum fluoride by PhosAgro to Rusal until 2034. This long-term agreement will lead to...

Petrochemicals

Jacobs Awarded Contract for Methanex Plant Relocation

Jacobs Engineering says it has received a contract from Methanex, the world's leading supplier of methanol, to provide engineering services for a planned methanol production facility in Louisiana...

Inorganic Chemicals

Incitec Pivot to Offtake Entire Urea Output From Perdaman Project

Incitec Pivot (Melbourne), a leading global nitrogen-based chemicals producer, has signed an agreement with Perdaman Chemicals and Fertilizers (Perth, Australia) to offtake the entire output of urea from Perdaman's previously announced Collie urea plant in...

Plastics

Mexichem Acquires Wavin to Create Global Leader in PVC Pipe Systems

Mexichem (Tlalnepantla, Mexico) says it has agreed to acquire 100% of Wavin (Zwolle, the Netherlands) for approximately €531 million ($704 million). Mexichem intends to make a cash offer of €10.50 per Wavin ordinary share. The offer represents...

Specialty Chemicals

Kemira Reports Higher Net Profits but Lower Sales

Kemira says net profit from continuing operations in the fourth quarter of 2011 was €37.8 million ($50 million), 51% higher than the €25.1 million reported in the same quarter of 2010. Earnings per share (EPS) also increased 60% year over year, to...

Fine Chemicals/Biotech

Cambrex Reports Fall in Fourth-Quarter Profits

Cambrex (East Rutherford, NJ) reported an 84% fall in net profits for the fourth quarter ended December 31, 2011, compared with the year-ago quarter, to $741,000. Net sales for the quarter increased 5.3%, to $66.58 million. For the full year 2011, net profits...

Industrial Gases

Linde to Acquire Sri Lankan Gases Firm

Linde says it has offered to acquire all the shares in privately-held Ceylon Oxygen (Colombo, Sri Lanka), and that the offer has been accepted by the major shareholder, Europium, in respect of 95.4% of the shares in Ceylon Oxygen. Ceylon Oxygen, which was...

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