IHS Chemical Week
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ACC CAB index rises in June

9:43 AM MDT | June 23, 2015 | Vincent Valk

ACC’s chemical activity barometer (CAB), a leading indicator of economic activity, rose 0.7% sequentially in June, following a similar increase in May. April’s sequential increase was also revised upward, to 0.5%. On a year-on-year (YOY) basis...


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MORE CONSULTING

Polymer distribution grows in Europe due to increased outsourcing

Sales by distributors accounted for more than 12% of polymer consumption in Europe during 2014, equivalent to about 3.4 million m.t., according to a recent report by AMI Consulting (Bristol, UK). Polymer distributors' overall sales increased by more than...

ACC: US chemicals volumes to rise 3.2% in 2015

Despite some macroeconomic issues, US chemicals volumes are expected to rise 3.2% year-on-year (YOY) for all of 2015, according to ACC’s mid-year economic outlook report. US chemicals volumes are expected to rise a further 3.0% YOY in 2016. These...

DuPont wins proxy battle with Trian (update)

DuPont this morning won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company's director nominees were re-elected to its board, company officials announced at its annual meeting Wednesday morning. DuPont is...

Glass Lewis backs Peltz in bid for DuPont board seat

Proxy advisory firm Glass Lewis (San Francisco) has backed Trian founder and CEO Nelson Peltz in his bid for a seat on DuPont’s board of directors. Trian, which owns a $1.8-billion stake in DuPont, has been pushing for a board seat for Peltz since at...

Trian praises ISS recommendations on DuPont

Activist hedge fund Trian management today released a letter to DuPont shareholders praising a report put out by the Institute for Shareholder Services (ISS; Rockville, MD) on Monday. The report endorsed two of Trian’s nominees for DuPont’s board...

ACC: US chemical production posts 4.2% YOY gain

Chemicals production in the United States grew by 4.2% on a year-on-year (YOY) basis in February, the largest gain since 2010, according to ACC’s US chemical production regional index (CPRI). On a three-month moving average (3MMA) sequential basis, the...

Trian releases new letter, seeks Chemours board seats

Activist hedge fund Trian Fund Management (New York) today released a letter to DuPont management commenting on fund founder and CEO Nelson Peltz’s experience on corporate boards. The letter calls Peltz “a distinguished investor and...

Chemical tanker shipping industry faces a challenging year

Chemical tanker shipping faces another tough year of falling freight rates in 2015 but the industry is expected to recover next year, according to consulting firm Drewry (London). "Uncertainty over the economic outlook and the recent fall in oil prices...

Moody's: strong dollar mildly negative for US chemical companies

The strengthening US dollar will be a mild negative for the credit for major US chemical companies, according to a new report by Moody’s Investors Service (New York), a ratings agency. It will be a more significant headwind for companies with large...

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