Diversified Chemicals

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R&I affirms Nippon Kayaku Co Ltd's rating at "A" and announces stable outlook

Friday, 19 Dec 2014 01:00am EST

Nippon Kayaku Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.

BASF SE to sell shares in ELLBA Eastern to joint venture partner Shell

Wednesday, 17 Dec 2014 07:00pm EST

BASF SE:BASF and Shell have reached agreement for BASF to sell its share in 50-50 joint venture ELLBA Eastern, Jurong Island, Singapore to Shell.Joint venture, which is operated by Shell, produces styrene monomer and propylene oxide.Financial details of transaction were not disclosed.Closing is planned for Dec. 31.

BASF India Ltd proposes to transfer import and distribution business of Glasurit

Tuesday, 16 Dec 2014 09:07am EST

BASF India Ltd:Informs BSE that company on Dec. 16, signs a Memorandum of Understanding with Wurth India Private Limited (Wurth) to transfer its Import and distribution business of Glasurit, an automotive refinish paint brand in India, subject to receipt of requisite approvals as may be necessary.Company will sign a definitive agreement for transfer of this business on or before Jan. 31, 2015.Transfer of import and distribution business of Glasurit to Wurth is not considered material as compared to the turnover of company for financial year ended March 31, and hence there is no material impact on overall growth of company.

Johnson Matthey announces Disposal of Gold and Silver Refining business to Asahi Holdings

Monday, 15 Dec 2014 02:00am EST

Johnson Matthey PLC:Agrees to divest Gold and Silver Refining business to Asahi Holdings.Consideration of 118 mln pounds (US $186 mln).Transaction is expected to be completed by the end of March 2015.

Brenntag to acquire Colombian specialty chemicals distributor

Wednesday, 10 Dec 2014 08:59am EST

Brenntag AG:To acquire Colombian specialty chemicals distributor SurtiQuímicos S.A.Closing of the transaction is expected to occur in the course of next weeks.

BASF SE to acquire Taiwansheen Soon

Sunday, 7 Dec 2014 07:00pm EST

BASF SE:Says to acquire Taiwansheen Soon, manufacturer for thermoplastic polyurethanes adhesives base material.Says acquisition is expected to close in 2015.Says parties have agreed not to disclose financial details of agreement.

Dow Chemical Co announces additional divestments

Friday, 5 Dec 2014 08:30am EST

Dow Chemical Co:Announced that it has signed definitive agreements to sell its global Sodium Borohydride business to Vertellus Specialty Materials LLC (Vertellus) and its polyolefin films plant in Findlay, Ohio to Valfilm North America, Inc a subsidiary of VALGROUP Packaging Solutions.Both transactions are expected to close in the first quarter of 2015 pending regulatory approvals.Combined proceeds from the transactions total about $225 million.

Ashland Inc completes sale of elastomers business

Monday, 1 Dec 2014 05:00pm EST

Ashland Inc:Has completed sale of its elastomers business, based in Port Neches, Texas, to Lion Copolymer Holdings, LLC.Financial terms were not disclosed.

Mitsubishi Chemical Holdings Corp raises consolidated full-year outlook for FY 2015

Wednesday, 26 Nov 2014 11:30pm EST

Mitsubishi Chemical Holdings Corp:Says the company increased the consolidated full-year outlook for revenue to 3,680,000 million yen from 3,530,000 million yen for FY ending March 2015.Operating profit forecast increased to 160,000 million yen from 136,000 million yen.Ordinary profit forecast increased to 153,000 million yen from 127,000 million yen.Net profit forecast increased to 47,000 million yen from 38,000 million yen.Earnings per share increased to 31.91 yen from 25.81 yen.FY 2015 revenues of 3,615.49 billion yen, net income of 52.70 billion yen – Thomson Reuters I/B/E/S.Comments the recent raw material price, trend of exchange and acquisition of Taiyo Nippon Sanso Corporation into subsidiary are the main reasons for the forecast.

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