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Odfjell Reports Stable Losses Despite Increase in Sales
Odfjell says net losses in the fourth quarter of 2011 were $8 million, exactly the same net result as in the fourth quarter of 2010. Odjfell's sales and Ebitda increased 19% and 11% year over year, to $322 million and $31 million, respectively, in the fourth...

BASF Plant Science Moves Headquarters to U.S.,  Plans to Halt Development of GM Crops for Europe
BASF announced today that it is concentrating its plant biotechnology activities on the main markets in North and South America, citing a a lack of acceptance for plant biotechnology in many parts of Europe,...

Brenntag Announces Regional Expansion of Agreement with Colonial Chemical
Brenntag Specialties Europe, a Brenntag subsidiary, has announced that it has been named exclusive distributor for Colonial Chemical (South Pittsburg, TN) in Germany, Switzerland, Austria, Sweden, Denmark, Norway, and Finland. This agreement expands the...

IPIC Sells its Majority Stake in Ferrostaal Following Dispute
International Petroleum Investment Co. (IPIC; Abu Dhabi) has sold its 70% stake in German engineering group Ferrostaal (Essen) to MAN SE (Munich), a subsidiary of Volkswagen (VW), for €350 million ($465 million). MAN will sell Ferrostaal to trading firm...

PTT Global Chemical and Perstorp Form Isocyanates JV
PTT Global (Bangkok) has reached a deal to acquire a 51% stake in Perstorp’s isocynates business for €114.8 million ($153 million) as part of the formation of a joint venture between the two companies. The jv will make toluene diisocyanate (TDI)...

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