Vincent Valk News Today

21:13 PM | May 3, 2021 | Vincent Valk Trinseo said today that it has closed its $1.38 billion acquisition of Arkema’s polymethyl methacrylate (PMMA) and methyl methacrylate (MMA). The deal was announced in December. It values the PMMA/MMA business at 9.3 times its estimated 2020 EBITDA, it says. “PMMA is a transparent and rigid resin with a wide range of end uses that augments Trinseo’s existing offerings across several end markets including automotive, building and construction, medical...

21:40 PM | May 3, 2021 | Vincent Valk Lithium maker Livent says it is resuming capacity expansion plans in the US and Argentina that it put on hold in March 2020 due to the COVID-19 pandemic. The plans include 5,000 metric tons of lithium... This information is only available to subscribers Why subscribe? chemweek.com is the one stop platform for chemical news, data and analysis across all industry sectors and geographies.

16:14 PM | April 21, 2021 | Vincent Valk Minerals firms Energy Fuels (Lakewood, Colorado) and Hyperion Metals (Belmont, North Carolina) have signed a memorandum of understanding (MOU) under which Hyperion will supply an unspecified amount of natural monazite sands for processing into mixed rare earth elements (REEs) at Energy Fuels’ facility in White Mesa, Utah. The MOU is nonbinding. The monazite sands covered under the deal will be sourced from Hyperion’s Titan Project, a heavy mineral s...

19:16 PM | April 16, 2021 | Vincent Valk LG Chem and General Motors are set to announce a second cell manufacturing facility in the US, to be located in Tennessee, according to a Reuters report, citing people familiar with the matter. The total investment for the plant will be $2.3 billion, the report says. GM and LG Chem currently operate an electric vehicle (EV) battery joint venture (JV), called Ultium Cells, based at Lordsville, Ohio. That JV, which was announced in 2019, also entailed a $...

23:49 PM | February 23, 2021 | Vincent Valk Exxaro Resources (Pretoria, South Africa), a diversified resources firm, will sell off the bulk of its stake in Tronox in a public offering announced today. The 17-million-share secondary public... This information is only available to subscribers Why subscribe? chemweek.com is the one stop platform for chemical news, data and analysis across all industry sectors and geographies.

17:23 PM | February 12, 2021 | Vincent Valk Sensient Technologies today reported fourth-quarter net earnings of $25.2 million, compared with a net loss of $17.0 million in the year-ago quarter. Revenue was up 5.0% year on year (YOY), to $334.7... This information is only available to subscribers Why subscribe? chemweek.com is the one stop platform for chemical news, data and analysis across all industry sectors and geographies.

Albemarle will also use the proceeds to pursue “opportunities in China,” and for short-term debt repayment and general corporate purposes.

FMC says its fourth-quarter sales will be lower than previously expected, with revenue now forecast at $1.15 billion, compared with prior guidance of $1.23-1.29 billion. Fourth-quarter EBITDA is expected to total $285-295 million, compared with prior...

18:38 PM | January 19, 2021 | Vincent Valk The deal will be financed with available cash and bank financing, and is expected to be immediately accretive to Ashlands earnings. This information is only available to subscribers Why subscribe? chemweek.com is the one stop platform for chemical news, data and analysis across all industry sectors and geographies.

Azelis says it has signed an exclusive distribution deal for Manes (Le Bar sur Loup, France) flavor and fragrance products in the Benelux region, including Belgium, the Netherlands, and Luxembourg. The deal is effective from January 2021.