News

Solvay Looks to Emerging Markets In $4.8 Billion Rhodia Buy

04.04.2011 - Cash-rich Belgian chemicals group Solvay is betting on emerging markets exposure and specialty chemicals with a €3.4 billion ($4.8 billion) cash bid for French group Rhodia. Monday...

News

German Chemical Firms To Pay Workers 4.1% More

01.04.2011 - More than half a million employees in the German chemical industry will get 4.1% more pay over a 15-month period in a collective wage bargaining deal that will add to inflationary...

News

Fukushima Daiichi: What is Going on at Japan's Damaged Nuclear Reactor?

31.03.2011 - Japanese engineers are struggling to gain control of the Fukushima Daiichi nuclear power plant, 240 km (150 miles) north of Tokyo, which was seriously damaged by a March 11...

News

Styron Planning IPO

09.03.2011 - Plastics company Styron is planning an initial public offering less than nine months since private equity firm Bain Capital bought it from Dow Chemical, two sources familiar with...

News

UPDATE: Libyan Oil Production, Outage, Exports, Customers

03.03.2011 - As fighting continues across Libya, the oil industry is trying to assess the output lost from Africa's third-largest producer. Most estimates suggest around half of the country's 1...

Chemistry & Life Sciences

EU Chemicals Production up 10% in 2010

02.03.2011 - EU chemicals production pushed further upwards in December, increasing 3.9% compared with December 2009, according to the latest Cefic Chemicals Trends Report. As expected earlier...

News

Evonik's Carbon Black Unit Has About 5 Suitors

03.02.2011 - A handful of strategic and financial bidders have expressed interest in the Carbon Black unit of Germany's unlisted chemical maker Evonik Industries, several people close to the...

News

CFO Matthias Zachert Jumps From Lanxess To Merck

26.01.2011 - Merck KGaA received instant approval from investors as it hired Matthias Zachert, the finance chief of German specialty chemicals group Lanxess, as its CFO. Shares in Merck gained...

News

Big Guns Chase Süd-Chemie Majority Stake

21.01.2011 - One Equity Partners (OEP) has lined up at least four bidders for its majority stake in Germany's Süd-Chemie, putting other investors under pressure to sell, people briefed on the...

News

Hostile Takeover Bids in Germany

19.01.2011 - German companies have started to prop up their defenses to avoid becoming easy prey for possible suitors in the wake of Spanish builder ACS's pursuit of Hochtief, a top investment...