IHS Chemical Week
COMPANIES

Reichhold files for bankruptcy, may sell US business to bondholders

4:42 PM MDT | September 30, 2014 | Vincent Valk

Coatings and composites maker Reichhold Industries (Durham, NC) today filed for Chapter 11 bankruptcy protection in US Bankruptcy Court in the District of Delaware. As part of the filing, Reichhold will pursue a sale of its US business, with the...


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Court affirms $1.06 billion judgment against Dow in polyurethanes class action

Dow Chemical has lost its bid to appeal the $1.06 billion award imposed in a class-action lawsuit over price fixing in the polyurethanes market....

Cabot, Westmoreland Coal to double capacity at Canada activated carbon site

Cabot and Westmoreland Coal (Englewood, CO) say they are doubling capacity of activated carbon, to 70 million pounds, at their jointly owned site at Bienfait, SK. The new capacity will be online in 2016. The facility, which is operated by Westmoreland, is...

BASF names Canadian distributor for water treatment products

BASF has named Canada Colors and Chemicals (CCC; Toronto) exclusive distributor for the company’s water treatment products in Canada. The agreement takes effect on 1 October for Western Canada and the Maritime Provinces, and on 1 January 2015 for the...

SGL announces restructure to operations, capital increase, closures of unprofitable units

The board of management of SGL Group (Wiesbaden, Germany) today announced restructuring plans, including closing unprofitable units. Distinct key performance indicators will define the future alignment and management of SGL Group, focusing on achieving a...

Socma urges caution as EPA considers fracking disclosure rule

Socma (Washington) has called on EPA to strike a balance between transparency and protecting trade secrets as it formulates proposed rules on the disclosure of hydraulic fracturing chemicals.  Socma says that protecting trade secrets is critical and...

Eastman completes plasticizers capacity expansion

Eastman Chemical today said it has completed its expansion of non-phthalate plasticizers capacity at its Texas City, TX, manufacturing plant. The expansion will increase production capacity of Eastman’s non-phthalate plasticizer line by 15%, to over...

Omnova earnings tumble on weakness in paper business

Omnova Solutions today reported fiscal third-quarter net income of down 80% year-on-year (YOY), to $1.8 million, or 4 cts/share, on sales down 3.5%, to $252.1 million. Adjusted income from continuing operations totaled 5 cts/share, down 73.4% and well short...

H.B. Fuller earnings plummet on problems with Forbo integration, systems update

H.B. Fuller today reported fiscal third-quarter net income down 85.3% year-on-year (YOY), to $4 million, or 8 cts/share, on revenues up 2.4%, to $526.8 million. Adjusted earnings totaled 42 cts/share, down 43.2% YOY and well short of analysts’ consensus...

ACC's global chemical production index shows slow growth in third quarter

ACC has released its global chemical regional production index (Global CPRI), showing moderately positive growth as the global economy heads into the fourth quarter. The Global CPRI rose 0.2% on a three-month moving average (3MMA) basis in August, indicating...

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