IHS Chemical Week

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U.S. (12325)


U.S.

Berry Plastics to acquire Avintiv from Blackstone for $2.45 billion
Berry Plastics (Evansville, IN), a leading maker of plastic packaging, has announced an agreement to acquire Avintiv (Charlotte, NC), from Blackstone Group for approximately $2.45 billion in cash on a debt-free, cash-free basis. Avintiv, formerly known as...

ICIG completes acquisition of Vynova, appoints new management team
International Chemical Investors Group (ICIG; Frankfurt) has announced the completion of its acquisition of certain chlorvinyls assets from Inovyn, the polyvinyl chloride (PVC) joint venture between Ineos and Solvay. Ineos and Solvay had to sell these assets...

US propylene production up in second quarter
US second-quarter propylene production and inventories for 2015 were up over the year-ago period, according to data released on Friday from the American Fuel & Petrochemical Manufacturers (AFPM). Second-quarter propylene production was rounded at 3.067...

Air Products ups Indura stake to 98%
Air Products says it acquired an additional 30.5% of the outstanding shares of Indura (Santiago, Chile) for $278 million....

CPChem earnings down 9% YOY
Phillips 66 says that its chemical segment, a 50% equity stake in Chevron Phillips Chemical (CPChem; The Woodlands, TX), reported earnings of $295 million during the second quarter, down 9% year-over-year (YOY)....

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