Recently added articles from Chemical Week:
Lyondell, Millennium closing set.(Lyondell Chemical Co.)(Millennium Chemicals Inc.)(Brief Article)
Oct 13, 2004 ... Lyondell Chemical says that its previously announced $2.3-billion acquisition of Millennium Chemicals is expected to close on ...
KMG buys terminals operator.(Global Materials Services)(Kinder Morgan Energy Partners L.P.)(Brief Article)
Oct 13, 2004 ... Kinder Morgan Energy Partners (KMG; Houston) says it has acquired Global Materials Services (GMS; Memphis, TN) for about $33.5 million in cash, plus $37.4 million in debt and assumed liabilities. GMS ...
Techmer buys DSM product line.(Techmer Lehvoss Compounds)(Brief Article)
Oct 13, 2004 ... Techmer Lehvoss Compounds (Evansville, IN) says it has acquired a select range of DSM's ...
Great Lakes ups stabilizer capacity.(Great Lakes Chemical)(Brief Article)
Oct 13, 2004 ... Great Lakes Chemical says it has expanded capacity at its Pyongtaek, Korea polymer stabilizer plant to keep up with demand for phenolic ...
Repsol to buy Borealis's Sines assets.(Repsol YPF S.A.)(Brief Article)
Oct 13, 2004 ... Repsol YPF says it has agreed to acquire Borealis's petrochemical complex at Sines, Portugal, subject to European Commission approval. Terms of the proposed deal were not disclosed. The Sines complex consists of a 350,000-m.t./year ethylene ...
Sabanci acquires DuPont JV stake.(Dupont Sabanci Polyester Europe)(Sabanci Haci Omer Holdings A.S.)(Brief Article)
Oct 13, 2004 ... Sabanci Holding (Istanbul) says it has reached agreement to acquire DuPont's 50% stake in Dupont Sabanci Polyester Europe (DuPontSA; Hoofddorp, the Netherlands). Terms were not disclosed. Sabanci will own 100% ...
Praxair to acquire German industrial gas assets from Air Liquide.(Brief Article)
Oct 13, 2004 ... Praxair says it has reached an agreement with Air Liquide to purchase industrial gas assets and related businesses in Germany for 497 million [euro] ($600 million). The deal is expected to close by year-end, subject to regulatory approval. The divestment is a condition of the European ...
Borden to buy Bakelite.(Bakelite GmbH)(Borden Chemical Co.)(Brief Article)
Oct 13, 2004 ... Borden Chemical (Columbus, OH) says it has agreed to buy Bakelite (Iserlohn, Germany) from Rutgers for $215 million-$245 million, subject to closing adjustments. The transaction is expected to close in the first half of 2005, subject to regulatory approval. Borden says it will finance the ...
RPM earnings and sales increase. .(RPM International Inc.)(Brief Article)
Oct 13, 2004 ... RPM International says that net earnings for its fiscal first quarter ended August 31, rose to $54.5 million, a 14.3% increase over the year-ago quarter. Sales rose 13.9%, to $661.5 million. "Market demand remained solid in both our industrial and consumer segments during our first ...
GE and Bechtel form alliance for coal gasification projects.(Bechtel Group Inc.)(GE Energy Services)(Brief Article)
Oct 13, 2004 ... GE Energy and Bechtel say they will form an alliance to develop a standard commercial offering for integrated combined-cycle gasification (IGCC) power projects in North America. IGCC systems convert coal and other hydrocarbons into synthetic gas, which is then used as the primary fuel for ...
U.K. study identifies 80 toxic chemicals in children.(Brief Article)
Oct 13, 2004 ... Environmental group WWF (Godalming, U.K.) and The Co-Operative Bank (Skelmersdale, U.K.) say they have completed a study that identifies for the first time that children in the U.K. have higher concentrations of certain toxic chemicals in their bodies, and a greater overall number of ...
Givaudan announces top management changes.(Givaudan Corp.)(appointments and promotions)(Brief Article)
Oct 13, 2004 ... Givaudan says it has appointed Gilles Andrier as its next CEO, effective April 27, 2005. Andrier is currently head of Givaudan's fine fragrance business. He succeeds Jurg Witmer, who will become Givaudan chairman. Witmer replaces Henri Meier, who will ...
Idemitsu, Mitsui, Sumitomo to restart mothballed benzene unit.(Idemitsu Kosan Company Ltd.)(Mitsui Chemical Co.)(Sumitomo Chemical Company Ltd.)(Brief Article)
Oct 13, 2004 ... Refining company Idemitsu Kosan (Tokyo) has signed an [yen]8-billion ($72 million) agreement with Mitsui Chemicals and Sumitomo Chemical under which the companies will jointly restart a mothballed light naphtha reformer at Idemitsu's Chiba, Japan refinery, and offtake benzene and other ...
Total subsidiary acquires Akzo coatings unit.(Akzo Nobel N.V.)(Cray Valley S.A.)(Brief Article)
Oct 13, 2004 ... Cray Valley, a Total subsidiary, says it has agreed to acquire the ultra violet/electron beam (UV/EB) resins business of Akzo Nobel for an undisclosed amount. The deal is expected to close by year-end. The business has production at Eccles, U.K. and New Brunswick, NJ, and generates sales ...
Halliburton considers divesting KBR.(Kellogg, Brown & Root)(Brief Article)
Oct 13, 2004 ... Halliburton says it may divest all or part of its Kellogg Brown and Root (KBR) engineering and construction subsidiary via a spin-off to shareholders, initial public offering, or sale. Halliburton says it will take one of the three courses of action if its share price does not recover to ...
Council's reach talks stay on track.(European Union)(Brief Article)
Oct 13, 2004 ... The European Council of Ministers will complete discussions on the format of the European Union's (EU) Registration, Evaluation, and Authorisation of Chemicals (Reach) program by July 2005, according to Dutch government officials. The council has yet to decide whether it will adopt a ...
Sasol death toll rises.(Sasol Ltd.)(Brief Article)
Oct 13, 2004 ... The number of deaths resulting from the September 1 explosion and fire at Sasol's Secunda, South Africa ethylene plant has risen to 10, ...
Henkel to buy Sovereign; sells clorox stake.(top of the week)(Henkel Corp.)(Sovereign Specialty Chemicals Inc.)
Oct 13, 2004; ... Henkel plans to buy Sovereign Specialty Chemicals (Chicago) for $575 million, including debt and liabilities, the companies say. Henkel says the purchase will strengthen its market share in the U.S. adhesives and sealants industry. Both companies have agreed to the offer, and the deal is ...
Toppan to buy DuPont Photomasks.(top of the week)(DuPont Photomasks Inc.)(Toppan Printing Company Ltd.)
Oct 13, 2004; ... Toppan Printing (Tokyo) has agreed to acquire DuPont Photomasks (Round Rock, TX) for approximately $650 million. Toppan says it will offer $27/share for all outstanding shares, including DuPont's 20% stake. DuPont took the business public through an initial public offering in 1996, and it ...
Monsanto narrows loss, boosts 2005 forecast.(United States/Americas)(Monsanto Co.)
Oct 13, 2004; ... Monsanto reported a net loss of $42 million in its fiscal fourth quarter ended August 31, in line with its previous guidance to investors. The loss includes after-tax restructuring charges of $44 million, and a $5 million tax benefit associated with a goodwill write-off of the global wheat ...