News Headlines
BASF to sell Industrial Water Management to Degrémont (SUEZ ENVIRONNEMENT Group)
BASF continues the restructuring in its Performance Products segment by selling its industrial water management subsidiary based in Lyon, France. [15 May 2013]
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Arkema reports 1st quarter 2013 results
Arkema reported that sales in 1st quarter 2013 stood at €1,563 million against €1,623 million in 1st quarter 2012, 3.7% down. [15 May 2013]
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Eastman board appoints Mark Costa CEO effective January 1, 2014
Eastman Chemical Company has announced that the Board of Directors has appointed Executive Vice President Mark J. Costa President effective immediately and Chief Executive Officer effective January 1, 2014. [14 May 2013]
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Merck Wants to Achieve 2014 Goals Already This Year Following a Successful Start
Total revenues of the Merck Group increased by 4.4% to € 2,761 million in the first quarter of 2013 (Q1 2012: € 2,645 million), fueled by organic growth of 5.6%. [14 May 2013]
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Valspar Reports Fiscal 2013 Second-Quarter Results
The Valspar Corporation has reported second quarter 2013 net sales of $1.03 billion, equal to the prior year. [14 May 2013]
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Merck reports first quarter results
Merck reported 2013 first quarter sales up 4% to € 2.7 billion. [14 May 2013]
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Evonik plans new silica plant in Brazil
Evonik Industries has started basic engineering for a production plant for precipitated silica in Brazil. [10 May 2013]
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LANXESS takes action against weak demand
LANXESS posted lower earnings in the first quarter of 2013 as expected due to a weak market environment, particularly in the tire and automotive industries. [8 May 2013]
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Dow Confirms Receipt of $2.2 Billion in Cash Proceeds from Petrochemical Industries Company of Kuwait
The Dow Chemical Company is pleased to announce that it has completed final resolution of the K-Dow arbitration with Petrochemical Industries Company of Kuwait (PIC), and confirms today that Dow has received a direct cash payment of $2.2 billion from PIC. [7 May 2013]
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PPG reaches key waterborne conversion milestone
More collision centres in the National Rule areas of North America than in low-VOC regulated areas are now using waterborne products by PPG Industries' automotive refinish business, according to Tim Jones, PPG waterborne segment manager. [7 May 2013]
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Solvay and INEOS join forces to create a world-class PVC producer
Solvay and INEOS today announce that they have signed a Letter of Intent (LOI) to combine their European chlorvinyls activities in a proposed 50-50 joint venture. [7 May 2013]
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DSM reports good start to the year in challenging environment
Royal DSM, the Life Sciences and Materials Sciences company, has reported a first quarter EBITDA of €311 million compared to €306 million in Q1 2012 and €243 million in Q4 2012. [2 May 2013]
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Clariant posts growth in the first quarter
Clariant, a world leader in specialty chemicals, has reported first quarter sales 2013 from continuing operations of CHF 1.526 billion compared to CHF 1.513 billion in the previous-year period, an increase of 2% in local currencies and 1% in Swiss francs. [30 Apr 2013]
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Huntsman Releases First Quarter 2013 Results
Huntsman Corporation has reported first quarter 2013 results with revenues of $2,702 million and adjusted EBITDA of $220 million. [30 Apr 2013]
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Bayer MaterialScience to sell polyester resins business to Stepan
Bayer MaterialScience has agreed to sell its global powder polyester resins business to Stepan Company of Northfield, Illinois. [30 Apr 2013]
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Wacker has a steady start to the new fiscal year in Q1 2013
After last year’s weak fourth quarter, Wacker Chemie AG is experiencing noticeably higher customer demand. WACKER posted higher volumes in Q1 2013, especially in polysilicon, but in many chemical products as well. [30 Apr 2013]
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Trend toward more natural-looking materials, BASF
It looks like wood and it feels like wood but, actually, it’s paper. On shelves, tables or cupboards, foil coatings provide effects that at first glance appear to be real. BASF has added to its product range the newFGuard 3D paint system in Europe. [29 Apr 2013]
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The British Coatings Federation joins the Construction Products Association to add more value to its members
The BCF has joined the Construction Products Association. As a top ten Trade Association, the Construction Products Association has a very high profile with access to Government, and membership will provide increased visibility for the Coatings Industry and its members. [29 Apr 2013]
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Solid first quarter of 2013 for BASF
BASF increased its sales and income from operations (EBIT) before special items in the first quarter of 2013. [26 Apr 2013]
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Eastman Announces First Quarter 2013 Financial Results
Eastman Chemical Company has announced earnings, excluding Solutia acquisition-related costs and charges in both periods, of $1.62 per diluted share for first quarter 2013 versus $1.22 per diluted share for first quarter 2012. [25 Apr 2013]
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Bayer: Life Sciences off to a good start in anniversary year
For the Bayer Group, the first quarter of 2013 was marked by the positive development of its Life Sciences businesses. [25 Apr 2013]
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Dow Chemical first quarter 2013 earnings statement
Dow Chemical reported earnings of $0.46 per share, or adjusted earnings of $0.69 per share for the first quarter of 2013. [25 Apr 2013]
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Tikkurila releases interim report for January-March 2013
Tikkurila says revenue for the first quarter decreased by 6.9 percent to EUR 138.4 million compared to EUR 148.6 million in the first quarter of 2012. [24 Apr 2013]
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DuPont Reports 1Q 2013 Operating EPS of $1.56
DuPont announced first quarter 2013 operating earnings per share (EPS) of $1.56 versus prior year earnings of $1.64. [23 Apr 2013]
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BASF to strengthen competitiveness of its Performance Products segment
BASF is taking a number of steps to strengthen the competitiveness of its Performance Products segment including the reduction of about 500 positions by the end of 2015. [23 Apr 2013]
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DSM opens new manufacturing plant for innovative anti-reflective coating
Royal DSM, the global Life Sciences and Materials Sciences company, has opened its newly constructed manufacturing plant for KhepriCoat anti-reflective coating at the Chemelot site in Geleen (the Netherlands). [22 Apr 2013]
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Clariant invests for Asian pigments customers
Clariant, a world leader in specialty chemicals, will build a new pigment preparations plant in Indonesia in a series of investments to strengthen on-the-ground support for customers in China, India and Indonesia. [22 Apr 2013]
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Cytec Announces First Quarter Results
Cytec Industries announced net earnings attributable to Cytec for the first quarter 2013 of $33.5 million or $0.73 per diluted share. [18 Apr 2013]
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The Sherwin-Williams Company Reports 2013 First Quarter Financial Results
The Sherwin-Williams Company announced its financial results for the first quarter ended March 31, 2013. [18 Apr 2013]
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AkzoNobel publishes Q1 2013 results
AkzoNobel reported a 7% revenue decrease in the first quarter compared with the same period last year [18 Apr 2013]
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PPG Reports First Quarter Results
PPG Industries reported first quarter 2013 net sales from continuing operations of $3.3 billion, equal with the prior year. [18 Apr 2013]
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PPG to acquire aerospace coatings producer Deft
PPG Industries announced that it has reached a definitive agreement to acquire certain assets of Deft Incorporated, a privately-owned specialty coatings company based in Irvine, CA [11 Apr 2013]
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RPM Reports Fiscal 2013 Third-Quarter Results
RPM International reported financial results for its fiscal 2013 third quarter ended February 28, 2013, which reflected strong operating performance, offset by two non-operating adjustments. [4 Apr 2013]
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Hempel reports 2012 annual results
The Hempel Group’s revenues grew by 15 per cent in 2012, despite facing a challenging world market, and the Group is still on track to achieve its long-term goals. [3 Apr 2013]
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AkzoNobel completes divestment of Decorative Paints North America
AkzoNobel has finalised the $1.05 billion sale of its North American Decorative Paints business to US-based PPG Industries, Inc. The deal was announced on December 14, 2012. [1 Apr 2013]
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Ashland announces CFO succession plan
Ashland has announced that Lamar Chambers, senior vice president and chief financial officer, will retire in July after 37 years of service to the company. The board of directors has elected J. Kevin Willis to succeed Chambers as senior vice president and chief financial officer, effective May 3, 2013. [25 Mar 2013]
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PolyOne Reaches Agreement to Sell Non-Core Resin Assets for $250 Million
PolyOne Corporation has entered into an agreement in which the company will sell its vinyl dispersion, blending and suspension resin assets to Mexichem, S.A.B. de C.V. for $250 million in cash. [25 Mar 2013]
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Huntsman Invests $135 Million in US and European MDI Manufacturing Plants
Huntsman Corporation has announced a combined investment of $135 million at two of its worldscale methylene diphenyl diisocyanate (MDI) manufacturing facilities: increasing capacity at its Geismar, USA, site and upgrading its downstream specialities production capability at its Rotterdam, the Netherlands site. [21 Mar 2013]
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Huntsman Acquires Stake in Japanese Spray Polyurethane Foam Insulation Company
Huntsman Corporation has announced that it has acquired a 20% stake in Nippon Aqua Co. Ltd., a spray polyurethane foam (SPF) insulation company based in Yokohama, Japan. [14 Mar 2013]
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Perstorp and Purac in partnership to develop caprolactone lactide co-polymers
Leading specialty chemicals company Perstorp and Purac, a leading player in natural food preservation and bio-based chemicals, announce a partnership for developing caprolactone lactide co-polymers for the plastic, coatings and adhesive markets. [14 Mar 2013]
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Dow Accelerates Portfolio Management Actions to Divest Non-Core Businesses
Dow is targeting an increased divestiture list of nearly $1.5 billion over the next 18 months. [14 Mar 2013]
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‘Kick out the can’ with Crown Paints
As a supporting partner of Climate Week, Crown Paints has launched the ‘Kick out the can’ campaign. From Monday 4th March until Saturday 16th March, unwanted paint can be taken to Crown Decorating Centres in the UK, where it will be processed and then donated to local community projects. [25 Feb 2013]
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PPG announces executive appointments
PPG Industries has announced several executive appointments that are effective immediately. [21 Feb 2013]
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AkzoNobel announces new strategy and financial targets
AkzoNobel has announced a new strategy that will build on its leading market positions in mature and high-growth markets to achieve new financial targets. [20 Feb 2013]
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AkzoNobel publishes Q4 and Full-Year 2012 results
Akzo Nobel announces its Q4 and full-year 2012 results. Revenue for the year was up 5 percent driven by favourable currencies and pricing, which was partially offset by a decline in volumes. [20 Feb 2013]
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DSM is positioned for strong EBITDA growth and increases dividend
DSM reports a solid Q4 with EBITDA of €243 million. [20 Feb 2013]
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Tronox Reports Fourth Quarter and Full Year 2012 Financial Results
Tronox has reported fourth quarter 2012 revenue of $482 million, an increase of 26 percent versus $383 million in the year-ago quarter. [20 Feb 2013]
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HMG Paints Expand Distributor Network
Over the last 12 months, The UK’s largest independent industrial paints manufacturer, HMG Paints Ltd, has continued to expand their distribution network across the country and now have established partners throughout the South-West and Wales. [20 Feb 2013]
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Tikkurila’s interim report for January-December 2012 – A record year 2012
Revenue at Tikkurila increased by 4.4 percent to EUR 671.8 million in 2012. [15 Feb 2013]
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Reshaped Clariant increases profitability in the fourth quarter
Clariant has announced full-year sales 2012 from continuing operations of CHF 6.038 billion compared to CHF 5.571 billion in the previous-year period. [14 Feb 2013]
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