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Daily news and top headlines for manufacturing professionals

IEA: Oil Prices Could Hurt Economic Recovery

April 13, 2010 4:48 am | News | Comments

Recovery in the world's biggest economies could be jeopardized if crude oil prices stay over $80 per barrel, the International Energy Agency said.

FDA To Review Chemical In Soap

April 9, 2010 5:09 am | News | Comments

Food and Drug Administration reviewing safety of triclosan, a widely used chemical found in antibacterial soap, toothpaste and other consumer goods.

Sherwin-Williams Acquires Arch Chemicals Unit

March 31, 2010 11:10 am | News | Comments

Paint manufacturer said it has completed its $54 million purchase of Arch Chemicals Inc.'s industrial wood coatings business.

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OPEC Says Current Oil Prices 'Fair'

March 31, 2010 5:12 am | News | Comments

Head of Organization of Petroleum Exporting Countries said current oil prices hovering around $80 a barrel are good for world economy and oil-producing countries.

DSM Sells Fertilizer Unit For $418M

March 30, 2010 4:55 am | News | Comments

Royal DSM NV, the Dutch chemicals company, says it will sell its fertilizer and melamine businesses to Egypt's Orascom Construction Industries for $418 million.

EPA Probes Impact Of BPA

March 29, 2010 10:57 am | by Matthew Perrone, AP Business Writer | News | Comments

Federal agencies are scrutinizing the controversial plastic-hardener at the behest of scientists and activists who say it can interfere with infant development.

Eastman Chemical Opens Plant In S. Korea

March 23, 2010 10:05 am | News | Comments

Joint venture between Eastman and SK Chemicals opened a new plant in South Korea to produce a material used in cigarette filters.

Innospec Pleads Guilty To Bribery

March 19, 2010 5:22 am | by Marcy Gordon, AP Business Writer | News | Comments

Specialty chemicals maker pleaded guilty to federal charges of bribery, defrauding the United Nations and violating the U.S. embargo against Cuba.

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Eastman Chemical Buys Genovique Specialties

March 17, 2010 6:15 am | News | Comments

Company said Wednesday it will buy chemical maker Genovique Specialties Corp. in a move to expand its position in the specialty plasticizers market.

Oil Output Likely To Remain Unchanged

March 15, 2010 5:50 am | by George Jahn, Associated Press Writer | News | Comments

With world’s economic recovery feeble and crude prices at preferred levels, OPEC ministers will likely agree to maintain oil production target of 26 million barrels a day.

Iran Wants OPEC To Hold Output Target Steady

March 15, 2010 5:20 am | by Nasser Karimi, Associated Press Writer | News | Comments

OPEC should hold its oil production targets steady, Iran's oil minister said, reflecting producer group's contentment with current price of crude.

Italian Company Drops Plans For U.S. Plant

March 15, 2010 5:15 am | News | Comments

An accountant for Italy-based Catalfer said the company’s subsidiary that planned to open a chemicals and abrasives plant in Charleston, W. Va., no longer exists.

IEA Raises 2010 Oil Demand Forecast

March 12, 2010 3:45 am | by Greg Keller, AP Business Writer | News | Comments

International Energy Agency said in its monthly report that oil demand will average 86.6 million barrels a day this year, or 1.6 million barrels a day more than in 2009.

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OPEC Raises 2010 Oil Forecast

March 10, 2010 5:08 am | by Tarek El-Tablawy, AP Business Writer | News | Comments

World oil demand projected to grow 900,000 barrels per day in 2010, OPEC said, adding the increase hinges on sustained global economic rebound, particularly in U.S.

New Guidelines To Prevent Workplace Explosions

March 5, 2010 4:35 am | by Dinesh Ramde, Associated Press Writer | News | Comments

U.S. Chemical Safety Board issued guidelines designed to prevent workplace explosions after investigating over 60 deaths from industrial blasts in past 20 years.

Senator Urges Ban On Chemical BPA

March 2, 2010 9:19 am | by Matthew Perrone, AP Business Writer | News | Comments

Sen. Charles Schumer wants EPA to include Bisphenol-A, a controversial plastic-hardener, on a list of chemicals subject to stricter federal rules.

Dow Chemical Sells Styron For $1.63B

March 2, 2010 6:55 am | News | Comments

Chemical company sold its Styron plastics division to private equity firm Bain Capital for $1.63 billion, further unloading debt after a turbulent year.

DuPont Restarting Production At Virginia Plant

March 2, 2010 5:15 am | News | Comments

Company began restarting idled chemical plant in Belle after halting operations last month over series of leaks, including one that led to the death of a worker.

Solutia Buying Etimex Unit For $327M

March 1, 2010 4:10 am | News | Comments

Specialty chemical and products maker said it will acquire a subsidiary of Etimex Holding GmbH for $327 million in cash.

KMG Chemicals Buys Electronic Chemicals Unit

February 26, 2010 9:34 am | News | Comments

Specialty chemical maker will spend approximately $24.7 million to buy the electronic chemicals business of General Chemical Performance Products LLC.

Bayer 4Q Earnings Up 44 Percent

February 26, 2010 4:21 am | by George Frey, AP Business Writer | News | Comments

German chemical and pharmaceutical company said net income rose 44 percent to $208 million due to cost savings and a pickup in some business.

DuPont Found Liable For Chemical Leak

February 24, 2010 5:08 am | News | Comments

Federal jury has found DuPont liable for a chemical leak that sickened and injured three people in northeastern Kentucky.

Royal DSM Posts 4Q Loss

February 24, 2010 4:02 am | News | Comments

Dutch chemicals maker reported $81 million loss for fourth quarter, as a write down on value of pharmaceutical ingredients subsidiary offset increase in profitability.

Iraq Doubts OPEC Output Changes

February 22, 2010 4:01 am | News | Comments

Top oil official says prices are at satisfactory levels and does not expect OPEC to make changes to output during its meeting next month.

Report: Dow Chemical Leak Undetected For Weeks

February 18, 2010 4:39 am | News | Comments

Kanawha County Metro 911 Center report says West Virginia Dow Chemical facility leaked ammonia gas every day for nearly two weeks before the problem was detected.

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