FINANCIAL

M&A Expected to 'Improve Substantially' in 2010

February 8, 2010 | Vincent Valk

The chemical M&A market is set to "improve substantially" this year, according to Peter Young, president of Young & Partners (Y&P; New York), a boutique investment bank. "We hit a trough in volume in the first quarter of 2009, and a...


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S&P: Dow Outlook Changed to 'Stable'

Standard and Poor's (S&P; New York) upgraded Dow Chemical's ratings outlook to 'stable' from 'negative,' the agency announced today. The move comes after Dow recorded profits and volume recovery...

ACC's Economic Outlook for the Week Ended January 29, 2010

Our running tab of positive indicators remains at 17 out of 20 this week. As a result, we continue to post a green banner....

Weekly Round-Up, January 29: Earnings Rebound

U.S. diversified chemical firms saw relatively strong earnings in the fourth-quarter of 2009. DuPont, Praxair, and Air Products saw profits of $402 million, $340 million, and $252 million, respectively, in the final quarter of last year. U.S. specialties...

Korea's KP Chemical Steps in to Rescue PTA-PET Business in the U.K.

The business has been in administration since last year....

ACC's Economic Outlook for the Week Ended January 22, 2010

Our running tab of positive indicators remains at 17 out of 20 this week. As a result, we continue to post a green banner....

Sabic Signs $2.7-Billion Financing Agreements for China Project

Sabic has announced the signing of financing agreements by its affiliate Sinopec Sabic Tianjin Petrochemical Co. (SSTPC), totalling Rmb18.26 billion ($2.68 billion), including Rmb12.26 billion long-term financing, and an addtional Rmb6 billion in working...

Indorama's Parent Plans IPO

Shares are to be listed on the Bangkok stock exchange....

Hexion Reworks Credit Lines, Issues Debt

Hexion is reworking its credit lines while pushing back the maturity of its term loan and issuing new debt, the company announced today in an SEC filing. The company is looking to extend the maturity of its term loan, currently May 2013, to May...

ACC's Economic Outlook for the Week Ended January 8, 2010

Our running tab of positive indicators remains at 18 out of 20 this week. As a result, we continue to post a green banner....

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