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DuPont, Kolon settle Kevlar trade secrets case

2:27 PM MDT | April 30, 2015 | Vincent Valk

DuPont and textile company Kolon Industries (Gyeonggi-Do, South Korea) today reached an agreement settling a legal dispute over Kolon’s alleged infringement of DuPont’s patent for Kevlar para-aramid fiber. Under the settlement, Kolon will pay...


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Braskem opens internal probe into alleged payments to Petrobras

Braskem has launched an internal investigation into illegal payments it is alleged to have made to Petrobras, Braskem says in a securities filing. Petrobras is embroiled in a corruption scandal. Braskem has not been subpoenaed in investigation, despite...

Reichhold US business emerges from bankruptcy as bondholders take control

Composites and coatings maker Reichhold Industries (Durham, NC) announced today that its US operations have emerged from Chapter 11 bankruptcy, and that the company has purchased its US assets, allowing them to re-joining Reichhold’s global operations...

Ineos boss Jim Ratcliffe may sue former right-hand man for poaching finance director

Jim Ratcliffe, chairman of Ineos, is to sue his former right-hand man Calum MacLean over a row centered on claims that MacLean—currently CEO of Synthomer—has poached one of Ratcliffe’s finance directors, according to today’s issue of...

DuPont releases proxy materials in Trian fight

DuPont today filed proxy materials with SEC recommending that shareholders vote for its 12 board nominees in its ongoing fight with activist hedge fund Trian Fund Management (New York). The vote will occur at DuPont’s annual meeting on 13 May...

EPA approves several new refrigerants

US EPA has approved several new refrigerant substances in coordination with President Obama’s Climate Action Plan, the agency says. The new refrigerants have lower global warming potential (GWP) than hydrofluorocarbons (HFCs), which are currently in...

ACI 2015: TSCA reform tops regulatory agenda

Modernization of the Toxic Substances Control Act (TSCA), the chemicals management law in the United States, was a major topic at Wednesday’s ACI issues briefing, held during ACI’s annual conference in Orlando, FL. The heads of ACI’s various...

Koppers completes tax reorganization, delays plant construction

Koppers today announced it has completed a legal reorganization of its foreign subsidiaries, allowing it to repatriate cash at a lower effective tax rate. The company estimates cash tax savings of about $8.0 million/year from the reorganization, cutting its...

Report: Sika majority owner files lawsuit to push through sale to Saint-Gobain

The Burkard-Schenker family, the largest shareholder of Sika (Baar, Switzerland), has filed a lawsuit with the cantonal court of Zug, Switzerland, to force an extraordinary shareholders' meeting aimed at pushing through the 2.75-billion Swiss franc...

Mittelstand: Germany's constitutional court declares inheritance tax partly 'unconstitutional'

Germany’s constitutional court, BVG (Karlsruhe) has declared in a ruling that the exemption rules in the inheritance tax code are in part unconstitutional and has given lawmakers a new deadline, 30 June 2016, to find a remedy. The BVG has, for the third...

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