A consortium led by private-equity giant Carlyle Group LP agreed Tuesday to buy the specialty chemicals business of Dutch paints giant Akzo Nobel NV for €10.1 billion ($12.6 billion) including debt, as competition among cash-rich buyout firms for bigger deals heats up.
Archive for the ‘CHEMICAL’ Category
Representatives from the Global Plastics Alliance (GPA) – which currently includes participation from 19 countries – met in Penang, Malaysia from December 13-15 to accelerate and advance The Declaration of the Global Plastics Associations for Solutions on Marine Litter, also known as the “Joint Declaration.” At the meeting – hosted by the Malaysian Plastic Manufacturers […]
Outlook: U.S. Manufacturing Turns Corner, Rides Upswing of Global Economies; Chemical Industry Growth Rate Surpasses 20-Year Average As Industry Rebounds From Historic Hurricanes
The U.S. chemical industry is riding a global wave of growth as the world’s major economies experience an upswing for the first time in a decade. Increased output and accelerating growth rates that surpass the previous twenty-year average will help cement the business of American chemistry as $1 trillion industry within the next five years, […]
From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its “Outsiders” series, meant to help investors “separate the hype […]
The rail industry needs to repair track defects, upgrade tank-car design and increase training of emergency responders in order to improve safe transportation of crude oil and ethanol, says a new report by the National Academies of Sciences, Engineering and Medicine.
Dallas Fort Worth International (DFW) airport is adding to its cold chain storage facilities in response to the growth in pharma and perishables traffic. Expected to be operational this summer, the transfer facility will give DFW the ability to control warehousing temperatures for shipments of pharmaceuticals, flowers and fresh foods.
Lawmaker urges USDOT to consider further crude-by-rail regulations Lawmaker urges USDOT to consider further crude-by-rail regulations
U.S. House Rep. Jaime Herrera Beutler, R-Wash., is urging the Department of Transportation to consider further regulation of freight trains carrying crude oil. Beutler earlier this week sent a letter to U.S. Transportation Secretary Anthony Foxx, Federal Railroad Administrator Sara Feinberg and Pipeline and Hazardous Materials Safety Administrator Marie Therese Dominguez asking DOT to study […]
With Korean ocean carrier Hanjin Shipping, the seventh largest ocean liner in the world that handles roughly 7% of U.S.-Asia cargo, filing for bankruptcy earlier this week, what happens next in regards to what happens to the cargo that was moving on Hanjin vessels at that time, as well as its subsequent short-term impact on […]
BASF SE is working with advisers and financing banks on the merits of making a counter bid for DuPont Co., the $55 billion chemical company that agreed to a merger with Dow Chemical Co. in December, people with knowledge of the matter said.
Intermodal continues to carry the day for the North American freight railroad industry, registering a gain of nearly 20% for the week ending Feb. 20, 2016, the third consecutive week of double-digit growth, compared to the prior-year period, and offsetting weak carload traffic—which includes a sharp drop in crude oil.