IHS Chemical Week
CONSULTING

Ferro, shareholder group reach agreement on board nominees

10:57 AM MDT | May 9, 2013 | Vincent Valk

Ferro has reached an agreement with FrontFour Capital and Quinpario Partners over nominees to Ferro’s board by support for election two out of three of the shareholder group's board nominees. The agreement comes after months of sparring between...


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Proxy advisory firm endorses Ferro director slate

Glass Lewis (San Francisco), a corporate governance research and proxy advisory firm, has endorsed Ferro’s three board nominees—Richard Brown, Gregory Hyland, and Ronald Vargo—at the company’s shareholder meeting to be held on 15 May...

Moody's: Chemical companies offer bond investors little protection

Despite the industry’s cyclicality and environmental risks, North American chemical companies tend to offer weak covenants on high-yield bonds, according to a new report from Moody’s Investors Service (New York), the credit ratings concern. The...

Rinchem logistics plant

Rinchem (Albuquerque, NM) has recently opened a new 65,000-sq ft chemical logistics facility in Hollister, CA, the company says. The new facility includes warehousing areas for regulated and nonregulated chemicals and gases. The site will provide a range of...

Six producers establish consortium to seek authorization of sodium dichromate under Reach

Six sodium chlorate manufacturers have established a consortium to seek authorization under Europe's Registration, Evaluation, Authorisation, and Restriction of Chemicals (Reach) regulation for the use of sodium dichromate as a processing aid in the sodium...

Investment firms seek Ferro board spots, criticize management

Investment firms FrontFour Capital and Quinpario Partners have nominated a slate of three candidates for Ferro’s board of directors, according to a regulatory filing. The group, which includes former Solutia CEO Jeffry Quinn as well as former Solutia...

Stranded gas and hydrocarbons in Russia compete with new shale gas in the US

Despite all the talk of low-cost feedstocks in the United States due to the impact of shale gas, the low alternative value of liquid hydrocarbons in Russia is keeping existing Russian steam crackers highly competitive on the world market, says a recent...

SAE to reassess safety of HFC replacement

SAE International (Warrendale, PA), a global group that sets voluntary technical standards for the automotive sector, says it is conducting an updated engineering review of the refrigerant R-1234yf for use in automobile air-conditioning systems. SAE’s...

Survey: US 'fiscal cliff' a concern for industry execs

A survey of chemical industry executives by KPMG (New York), a consultancy, has found that the US “fiscal cliff” is a key concern going into the end of the year. However, executives remain hopeful about the potential of shale gas. The survey found...

NACD 2012: Emphasis on regulatory outreach

With the 2012 presidential election over, the National Association of Chemical Distributors (NACD; Washington) is looking to work with federal regulatory agencies to ensure greater and smoother compliance, members say. The group is deliberately pursuing a...

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