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Chemours launched as independent firm
FOCUS 1%. Vanish had a strong start to the year driven by the success of the Vanish Gold innovation in Europe, and the Vanish Superbar in emerging markets. 2Q 2015 total net revenue was £419 M. LFL growth was + 2%. Conditions continue to be challenging, the company says. For the portfolio segment (including food), 1H 2015 total net revenue was £319 M, with LFL performance of -5%. Laundry detergents and fabric softeners in Southern Europe were weak, as competitive and promotional activities in the market continue. 2Q 2015 total net revenue was £169 M, with LFL performance of -6%. Original Source: Reckitt Benckiser, 27 Jul 2015, (Website: http://www.rb.com/) © Reckitt Benckiser Group plc 2015
COMPANY NEWS Evonik opens business and innovation centre in Richmond Global speciality chemical company Evonik Industries has inaugurated its new 96,000 sq ft Richmond Business and Innovation Center ['Focus on Surfactants', Jun 2014] in VA, USA. Worth c $15.4 M, the project has preserved 125 local full-time jobs and will create 50 additional positions by 2020. With the new facility, Evonik more than doubles its laboratory and commercial space in the area. The centre combines innovative R&D, marketing, sales and customer service with support functions in one facility to foster collaboration, networking and creativity. In Richmond, Evonik is also collaborating with Virginia Commonwealth University. With around 500 projects in its innovation pipeline, Evonik considers itself one of the world's most innovative companies. Original Source: Evonik, 2015. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 29 Jul 2015, (Website: http://www.specialchem4cosmetics. com)
Solvay buys Cytec Solvay is to acquire US rival Cytec for $5.5 bn. Solvay wants a stronger role in the supplying of materials for the aircraft and automotive industries and wants to October 2015
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strengthen its business in mining chemicals. Cytec is active in both sectors. It employs 4600 and has sales of around $2 bn. Solvay is paying $72.25/share, a premium of 29%. It is hoping for savings of €100 M from the takeover within three years. While the deal is primarily motivated by Cytec's composite reinforcement materials and mining chemicals operations, the company also produces a range of speciality surfactants including the Aerosol and Additol brands. The transaction is expected to close in 4Q 2015, subject to customary closing conditions. Solvay had a net profit of €43 M for 1H 2015 compared with a loss of €292 M in 1H 2014 (linked to exceptional items). The group reports that the 1H 2015 profit benefited from favourable exchange rates. It is confident for the full year performance despite uncertainty in a number of markets. Operating result was up 8% on the previous year to €500 M. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 29 Jul 2015, (Website: http:// www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2015. Original Source: La Tribune, 29 Jul 2015, (Website: http://www.latribune.fr) (in French) © LaTribune.fr 2015
Chemours launched as independent firm On 1 Jul 2015, Chemours, DuPont's former Performance Chemicals division, completed its spin-off and was introduced as an independent, publicly traded company on the New York Stock Exchange. Chemours covers the Fluoroproducts, Chemicals Solutions and Titanium Technologies businesses. Original Source: Compounding World, Jul 2015, 14 (Website: http://www.amiplastics. com/mags) © Applied Market Information Ltd 2015
Sabo utilizes CSPO derivatives as raw materials by practicing advanced processes As part of Sabo's commitment to the sustainability initiatives of its customers, a key goal is to source raw materials so as to minimize harm to the environment and to society. Oleochemicals derived from natural sources such as palm oil represent one important class of raw materials. These are used in the production of a number of Sabo products, including
personal care ingredients, plastic additives and industrial products. In recognition of the importance of sustainably sourced palm oil derivatives as raw materials, Sabo joined other supply chain stakeholders as a member of the Roundtable on Sustainable Palm Oil (RSPO) in Dec 2014. As an RSPO member, SABO subscribes to a code of conduct to support, promote and work towards the production, procurement and use of sustainable palm oil. In the coming months, SABO will be developing a process to implement the use of certified sustainable palm oil (CSPO) derivatives as raw materials in selected products. The next step will be to obtain a RSPO Supply Chain Certification Scheme (SCCS), which is to be based on the results of a third party audit. The SCCS is expected later in 2015. In addition to this new initiative, Sabo has already implemented an integrated management system according to the standards ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 in order to align business objectives with efforts to drive improvements in safety and environmental performance. Sabo is also certified for the production of special products according to the EFfCI GMP Standard for Cosmetic Ingredients 2005 and the FAMI-QS Code of Practices for Feed Additive and Premixture Operators (Version 5, Apr 2009). REF Original Source: SABO, 2015. Found on SpecialChem Plastics and Elastomers Formulation, 27 Jul 2015, (Website: http:// www.specialchem4polymers.com)
WeylChem names Azelis as exclusive European distributor WeylChem Wiesbaden has appointed Azelis as the exclusive distributor of its TAED (tetraacetylethylenediamine) peroxide bleach activators and speciality surfactants to the European industrial and household cleaning markets. The partnership covers the whole of Europe excluding Italy, Greece and the Iberian peninsula. Original Source: Speciality Chemicals, Aug 2015, 35 (8), (Website: http://www. specchemonline.com) © Quartz Chemicals Ltd 2015. Original Source: Chimie Pharma Hebdo, 27 Jul 2015, (727) (Website: http://www. industrie.com/chimie) (in French) © ETAI Information 2015
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COMPANY NEWS Evonik opens business and innovation centre in Richmond Global speciality chemical company Evonik Industries has inaugurated its new 96,000 sq ft Richmond Business and Innovation Center ['Focus on Surfactants', Jun 2014] in VA, USA. Worth c $15.4 M, the project has preserved 125 local full-time jobs and will create 50 additional positions by 2020. With the new facility, Evonik more than doubles its laboratory and commercial space in the area. The centre combines innovative R&D, marketing, sales and customer service with support functions in one facility to foster collaboration, networking and creativity. In Richmond, Evonik is also collaborating with Virginia Commonwealth University. With around 500 projects in its innovation pipeline, Evonik considers itself one of the world's most innovative companies. Original Source: Evonik, 2015. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 29 Jul 2015, (Website: http://www.specialchem4cosmetics. com)
Solvay buys Cytec Solvay is to acquire US rival Cytec for $5.5 bn. Solvay wants a stronger role in the supplying of materials for the aircraft and automotive industries and wants to October 2015
ON
S U R FAC TA N T S
strengthen its business in mining chemicals. Cytec is active in both sectors. It employs 4600 and has sales of around $2 bn. Solvay is paying $72.25/share, a premium of 29%. It is hoping for savings of €100 M from the takeover within three years. While the deal is primarily motivated by Cytec's composite reinforcement materials and mining chemicals operations, the company also produces a range of speciality surfactants including the Aerosol and Additol brands. The transaction is expected to close in 4Q 2015, subject to customary closing conditions. Solvay had a net profit of €43 M for 1H 2015 compared with a loss of €292 M in 1H 2014 (linked to exceptional items). The group reports that the 1H 2015 profit benefited from favourable exchange rates. It is confident for the full year performance despite uncertainty in a number of markets. Operating result was up 8% on the previous year to €500 M. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 29 Jul 2015, (Website: http:// www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2015. Original Source: La Tribune, 29 Jul 2015, (Website: http://www.latribune.fr) (in French) © LaTribune.fr 2015
Chemours launched as independent firm On 1 Jul 2015, Chemours, DuPont's former Performance Chemicals division, completed its spin-off and was introduced as an independent, publicly traded company on the New York Stock Exchange. Chemours covers the Fluoroproducts, Chemicals Solutions and Titanium Technologies businesses. Original Source: Compounding World, Jul 2015, 14 (Website: http://www.amiplastics. com/mags) © Applied Market Information Ltd 2015
Sabo utilizes CSPO derivatives as raw materials by practicing advanced processes As part of Sabo's commitment to the sustainability initiatives of its customers, a key goal is to source raw materials so as to minimize harm to the environment and to society. Oleochemicals derived from natural sources such as palm oil represent one important class of raw materials. These are used in the production of a number of Sabo products, including
personal care ingredients, plastic additives and industrial products. In recognition of the importance of sustainably sourced palm oil derivatives as raw materials, Sabo joined other supply chain stakeholders as a member of the Roundtable on Sustainable Palm Oil (RSPO) in Dec 2014. As an RSPO member, SABO subscribes to a code of conduct to support, promote and work towards the production, procurement and use of sustainable palm oil. In the coming months, SABO will be developing a process to implement the use of certified sustainable palm oil (CSPO) derivatives as raw materials in selected products. The next step will be to obtain a RSPO Supply Chain Certification Scheme (SCCS), which is to be based on the results of a third party audit. The SCCS is expected later in 2015. In addition to this new initiative, Sabo has already implemented an integrated management system according to the standards ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 in order to align business objectives with efforts to drive improvements in safety and environmental performance. Sabo is also certified for the production of special products according to the EFfCI GMP Standard for Cosmetic Ingredients 2005 and the FAMI-QS Code of Practices for Feed Additive and Premixture Operators (Version 5, Apr 2009). REF Original Source: SABO, 2015. Found on SpecialChem Plastics and Elastomers Formulation, 27 Jul 2015, (Website: http:// www.specialchem4polymers.com)
WeylChem names Azelis as exclusive European distributor WeylChem Wiesbaden has appointed Azelis as the exclusive distributor of its TAED (tetraacetylethylenediamine) peroxide bleach activators and speciality surfactants to the European industrial and household cleaning markets. The partnership covers the whole of Europe excluding Italy, Greece and the Iberian peninsula. Original Source: Speciality Chemicals, Aug 2015, 35 (8), (Website: http://www. specchemonline.com) © Quartz Chemicals Ltd 2015. Original Source: Chimie Pharma Hebdo, 27 Jul 2015, (727) (Website: http://www. industrie.com/chimie) (in French) © ETAI Information 2015
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