Raw Materials and Chemicals - Articles - Page 166

Dow Looks to Long-Term Goals Following Tough Second Quarter

Dow’s net sales were $11 billion in the 2019 second quarter, in line with the company’s guidance and down 14% vs. pro forma results in the 2018 second quarter.

August 1, 2019

Dow recently released its financial results for the second quarter of 2019.

Huntsman to Acquire Remaining 50% Interest in Sasol-Huntsman Joint Venture

The Sasol-Huntsman joint venture owns a manufacturing facility in Moers, Germany, with capacity to produce 230 million pounds of maleic anhydride.

July 31, 2019

Huntsman Corp. recently announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture.

ExxonMobil Begins Production on Beaumont High-Performance Polyethylene Line

The expansion increases plant production capacity by 65% or 650,000 tons per year, bringing site capacity to nearly 1.7 million tons per year.

July 31, 2019

ExxonMobil recently announced that it has started production on a new high-performance polyethylene line at its Beaumont, Texas, polyethylene plant.

Covestro Optimistic Despite Challenging 2019 Second Quarter

While Covestro’s core volumes rose by 1.1%, group sales fell 16.9% to €3.2 billion (approximately $3.6 billion) in the 2019 second quarter due to lower selling prices.

July 30, 2019

Covestro recently announced its financial results for the second quarter of 2019.

Top 5 News that Sticks

Readers Most Interested in Avery Dennison’s Plans for Labelexpo Europe

Last week, news from Avery Dennison regarding its planned offerings at Labelexpo Europe drew the most reader interest.

Susan Sutton

July 29, 2019

Which events does your company focus its efforts on, and why?

Maroon Group Acquires Amsyn

Going forward, Maroon reports that Amsyn’s range of technical capabilities and global supplier relationships will be additive to its existing capabilities and targeted growth strategy.

July 29, 2019

Maroon Group LLC recently announced that it has acquired Amsyn, LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics industries.

Brenntag Named Primary U.S. Distributor for Arkema Waterborne Resins

In making this decision, Arkema reportedly looked at Brenntag’s national coverage, logistics and operational efficiencies, digital marketing, and technical capabilities.

July 23, 2019

Arkema recently announced that, effective August 1, 2019, Brenntag North America, Inc. will be the primary distributor in the U.S. for Arkema waterborne resins sold under the Encor^®, Celocor^®, Snap^®, and Neocar^® trade names.

Top 5 News that Sticks

Synthomer’s Plan to Acquire OMNOVA Solutions is Top News

An announcement from Synthomer regarding an agreement to acquire OMNOVA Solutions drew the most reader interest last week.

Susan Sutton

July 22, 2019

We’ve seen a lot of acquisitions in the past couple of weeks. What do you think is prompting all of this M&A activity?

Alpert to Lead Buckman’s Global Performance Chemicals Division

Michael Alpert previously served as Buckman’s vice president of Performance Chemicals and division manager for North America Performance Chemicals.

July 19, 2019

Buckman recently announced that it has named Michael Alpert the new leader of its global Performance Chemicals division.

Solving Challenges for Polyurethane Sealants

A latent hardener has been designed to overcome multiple issues associated with the formulation of one-component polyurethane sealants.

Tushar Trivedi

July 19, 2019

Polyurethane (PU)-based joint sealants have become widely used for both new build and refurbishment projects, but their importance should never be underestimated, as they play an important role in the performance of a building throughout its lifetime.