IHS Chemical Week

Moody's: Macro trends a problem for parts of US chemical industry

11:00 AM MST | January 27, 2016 | Vincent Valk

The US chemical industry is expected to feel the impact of slow global growth, low commodity prices and the strong dollar, according to a new report by Moody’s Investors Service (New York), a credit ratings agency. “Meaningful revenue and cash...

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ACC's CAB up slightly in January

ACC’s chemical activity barometer (CAB), a leading indicator of economic activity, was up slightly at 0.1% sequentially on a three-month moving average (3MMA) during January and 1.5% year-on-year (YOY) on a 3MMA. On an unadjusted basis, the CAB fell...

European Parliament supports recommendations on trade in services agreement

The European Parliament has voted in favor of draft recommendations on a Trade in Services Agreement (TiSA). The negotiations should provide more opportunities for companies in the European Union to provide services such as telecommunications to third...

Huntsman completes share buyback

Huntsman says it has completed an accelerated share buyback, repurchasing 8.6 million shares through an agreement with Citibank. The accelerated buyback accounted for $100 million of the $150-million share repurchase program authorized by Huntsman’s...

Outlook finance: Shifting to a new normal

Unsurprisingly, 2015 was a big year for M&A in the chemical industry. The Dow Chemical–DuPont merger alone, valued at about $130 billion, is easily larger than the total dollar volume of chemicals M&A completed during most years—and even...

Kraton Polymers closes Arizona Chemical acquisition, issues debt to fund deal

Kraton Performance Polymers today announced the closing of its $1.37-billion acquisition of pine chemicals maker Arizona Chemical (Jacksonville, FL). The deal was announced in September, and Kraton said last week that it expected the acquisition to close in...

Independent potash producer closes nonbrokered private placement

Gensource Potash (Saskatoon, SK) has closed a previously announced, nonbrokered private placement financing. Through selling more than 7.57 million non-flow-through (HD) units at 0.07 ct/share, the company raised gross proceeds of $530,099.50 and $1 million...

ACC's CAB slightly up in December

ACC’s chemical activity barometer (CAB) was up 0.2% sequentially on a three-month moving average (3MMA) during December and up 1.5% year-on-year (YOY) on a 3MMA. The sequential gain was similar to that of November, while the YOY gain represents a...

Dissident shareholder survey calls for sale of Syngenta

A survey released today by the Alliance of critical Syngenta shareholders found that 79% of respondents support an auction to sell the company, and 98% support change at Syngenta’s next shareholder meeting. The Alliance surveyed 112 shareholders from 7...

Third Point's CEO wants removal of Dow CEO following Dow-DuPont deal (update)

Daniel Loeb, founder and CEO of activist hedge fund Third Point (New York), sent a private letter over the weekend to Dow Chemical’s board calling for the removal of Dow CEO Andrew Liveris. Loeb’s letter argues that Liveris should not have a role in the combined company, of which he would be executive chairman, after Dow merges with DuPont, according to multiple reports....

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