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Chemical Industry Weekly News Round-Up, Feb. 10

1:39 PM MST | February 10, 2012 | Vincent Valk

This Week on CW: Indorama Ventures, a Thai chemicals concern, has announced plans to buy Old World Industries’ chemicals assets for $795 million. Old World operates the largest ethylene oxide/ethylene glycol plant in the U.S. The plant is in Clear Lake TX, and had estimated 2011 sales of $567 million. Earnings at commodity chemical firms were adversely impacted by destocking and economic weakness in Europe, as many companies reported profit declines. Specialty earnings, however, remained solid, as most companies beat expectations. Former Republican...

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