IHS Chemical Week

Safic-Alcan acquires majority stake in US distributor

Safic-Alcan (Paris), a specialty chemicals distributor, has acquired a 75% stake in ChemSpec (Uniontown, OH). Financial details of the transaction have not been disclosed. ChemSpec is a chemical and polymer distributor that serves the rubber, adhesives, and...

Will BASF be the White Knight for Syngenta?

BASF, the third largest agricultural chemicals player behind Syngenta and Bayer, is eyeing a possible acquisition of Syngenta, according to Reuters, citing people familiar with the situation. BASF has lined up a loan package from large multinational banks for...

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Canpotex appoints new CEO

Canpotex (Saskatoon, SK), the potash export cartel owned by Agrium, Mosaic, and PotashCorp, says that its board of directors has appointed Ken Seitz as president and CEO, effective 1 November. Steve Dechka, after 32 years of service, will retire as president...


Sipchem Misses Earnings Estimates on Lower Revenues

The Saudi International Petrochemical Co. (Sipchem) reported third quarter net profit of SR84.1 million ($22.4 million), a 54% increase on the third quarter of 2009. The result was lower than consensus estimate of SR128 million and that of Sico Research...

Emerging Companies

Invista partners with Plaxica on lactic acid technology

Invista says its technology and licensing subsidiary has entered into a collaboration with Plaxica (London) to provide engineering, technical, and commercial support for Plaxica’s renewable lactic acid technology. Under the agreement, Invista will have...


Sabic Reports Big Rise in Net Profit on Increased Sales and Higher Prices

Saudi Basic Industries (Sabic) reported a 46% rise in third quarter net profit to SR5.33 billion ($1.42 billion) compared with the same period in 2009. The net result was 6% higher than in the second quarter of this year. The company's gross income in the...


Dow completes divestment of AgroFresh

Dow Chemical today announced that it has completed the previously announced sale of AgroFresh, its post-harvest specialty chemical business, to Boulevard Acquisition Corp. (New York), a public investment vehicle formed by Avenue Capital Group (New York), for...


ECHA calls for evidence on uses of phthalate in articles, preparation for restriction

The European Chemicals Agency (ECHA; Helsinki) and the Danish Environmental Protection Agency (DEPA; Copenhagen) have announced that they will jointly investigate the need for a restriction on the placing on the market of articles containing any of four...

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