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Momentive Performance Materials moves closer to Chapter 11 exit

10:19 AM MDT | August 28, 2014 | Vincent Valk

Silicones and quartz producer Momentive Performance Materials (MPM) says the US Bankruptcy Court for the Southern District of New York is likely to confirm the company’s reorganization plan once changes are made to the interest rate paid to bondholders...


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DuPont files suit against SunEdison over solar-paste patent

DuPont has filed a patent infringement suit in US court in Delaware alleging that SunEdison has violated the company’s patent on using tellurium in front-side silver solar pastes. The suit also identifies Neo Solar Power (Hsinchu, Taiwan) and Fextronics...

European Commission urges Germany to act more against nitrate pollution in water

The European Commission says it is urging Germany to take stronger measures to combat water pollution caused by nitrates. The latest figures submitted by Germany in 2012 show that pollution in ground- and surface water caused by nitrates is getting worse...

RPM earnings rise, subsidiary agrees to settle asbestos claims

RPM today reported fiscal fourth-quarter net income up 66.4% year-on-year (YOY), to $108.8 million, on sales up 9.1%, to $1.28 billion. On an adjusted basis—excluding some charges during last year’s quarter—net income rose 14.1% YOY...

Court grants Momentive Performance Materials access to bankruptcy financing

Momentive Performance Materials (MPM) has been granted access to the full $570-million debtor-in-possession (DIP) financing facility by the US Bankruptcy Court for the Southern District of New York, the company says. The DIP financing will allow the company...

Kemira settles damage claim litigation related to hydrogen peroxide price-fixing case

Kemira says it has signed an agreement with Cartel Damage Claims (CDC; Brussels) to settle a lawsuit at Helsinki. The settlement concerns claims assigned to CDC, based on which CDC has claimed compensation for alleged damages related to a price-fixing case in...

Comex Mexico files suit against Sherwin-Williams over deal termination

Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The company has asked the International Chamber of Commerce (ICC) to arbitrate the...

Congress introduces bill to speed sunscreen ingredient approval

Bills have been introduced in the US House and Senate designed to clear the backlog of US FDA approval for sunscreen ingredients and implement a streamlined process for ingredient approval in the future. The bipartisan legislation, called the Sunscreen...

Ferro changes board structure, appoints president to chairman

Ferro announced today that it is altering the structure of its board of directors, “declassifying,” or eliminating staggered terms, for directors, and eliminating cumulative voting. The board also will appoint Peter Thomas, current president and...

Minerals Technologies launches bid for Amcol (updated)

Minerals Technologies (MTI) today launched a $42/share unsolicited bid for minerals firm Amcol International (Hoffman Estates, IL), setting in motion a possible bidding war with Imerys, which agreed to acquire Amcol on Wednesday for about $1.6 billion, or...

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