Materials and Metals Chemicals

  • Results in the quarter were marked by currency volatility, including for the British pound.

  • JERUSALEM, July 17- Israel's Discount Investment Corp said on Sunday it had agreed to sell a 40 percent stake in crop protection maker Adama Agricultural Solutions to China National Chemical Corp for $1.4 billion, including debt. Discount Investment said in a statement to the Tel Aviv Stock Exchange that in return for the remaining Adama shares, ChemChina...

  • JERUSALEM, July 17- Adama Agricultural Solutions said on Sunday a possible merger with smaller Chinese rival Sanonda, first announced last year, could be completed in the first half of 2017.. The first was when a Chinese agency published a proposed amendment to China's securities regulations that would allow a global entity to be combined with one...

  • July 15- U.S. specialty chemicals company Ferro Corp turned down acquisition offers from private equity firms Apollo Global Management LLC and CVC Capital Partners Ltd as too low, people familiar with the matter said on Friday. Ferro shares slumped 10.3 percent in extended-hours trading in New York on Friday to $12.80. In March, Ferro shareholder FrontFour...

  • July 15- Specialty chemicals company Ferro Corp turned down acquisition offers from private equity firms Apollo Global Management LLC and CVC Capital Partners Ltd as too low, people familiar with the matter said on Friday. Ferro's board met this week and rejected the offers, which were below the company's current trading price of around $14 a share, the people...

  • *H1 crude imports from Iran up 107.9 pct y/y. SEOUL, July 15- South Korea's crude imports from Iran jumped nearly 115 percent in June from a year earlier as cheaper prices for Iranian condensate prompted Asia's major ultra-light oil buyer to boost purchases of the oil products last month. More Iranian condensate imports are expected in the fourth quarter if Iran...

  • July 14- German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further. Bayer said on Thursday that it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "...

  • July 14- German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further. Bayer said on Thursday that it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "...

  • July 14- German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further. Bayer said on Thursday that it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "...

  • *Automakers turn to 3 D printing for low volume complex components. FRANKFURT, July 13- Daimler, the world's largest truck manufacturer, will use three-dimensional printing to produce spare parts made from plastics, the latest example of how digital manufacturing is radically reshaping the vehicle supply chain. The technology is not ready to make high-volume...

  • FRANKFURT, July 13- Daimler, the world's largest truck manufacturer, will use three-dimensional printing to make spare parts made from plastics as digital manufacturing reshapes the vehicle supply chain. Rather than shipping vehicle parts across the globe from Germany, Daimler can now send a digital blueprint of a spare part to a printer which can convert...

  • Every month, the parents of workers at China's Chambroad Holding, an $8 billion oil refining and petrochemical company, get 200 yuan, if their child is an ordinary worker, or up to 10 percent of their managerial offspring's salary. The manager's parents also receive free apartments and access to elder care facilities within walking distance of their homes in...

  • MUMBAI/ TEL AVIV, July 11- Israel Chemicals will ship potash to India at the same decade-low price agreed by another big seller last month, two industry sources said, at a time when global supply of the crop nutrient is exceeding demand. In late June, Belarus agreed to supply 700,000 tonnes of potash at the same rate to India, one of the world's top buyers of the material.

  • MUMBAI, July 11- Israel Chemicals will ship potash to India at the same decade-low price agreed by another seller last month, two sources said, as global supply of the crop nutrient exceeds demand. In the last week of June, Belarus agreed to supply 700,000 tonnes of potash at the same rate to India, one of the world's top buyers of the material. Uralkali, the world's...

  • MOSCOW/ MINSK, July 8- Russian businessman Mikhail Prokhorov's Onexim Group has sold its 20 percent stake in Uralkali, the world's largest producer of crop nutrient potash, Onexim said on Friday. Minsk- born Mazepin and Lobyak were schoolmates, a Belarusian business source told Reuters. When Onexim bought the stake in 2013, Uralkali's total market...

  • July 5- Canadian chemical maker Superior Plus Corp said it was selling its construction products distribution business for $325 million to reduce debt and focus on its other businesses. Superior Plus, which scrapped the takeover of rival Canexus Corp last week, said on Tuesday it would pursue acquisitions to expand its business. The Toronto- based company,...

  • June 30- Canadian chemical maker Superior Plus Corp said it scrapped the acquisition of rival Canexus Corp as they could not agree on terms, two days after the C $324 million deal was approved by Canada's antitrust regulator. The U.S. Federal Trade Commission had opposed the merger on Monday, saying the companies were two of the three manufacturers of a chemical...

  • June 30- Superior Plus Corp said it had terminated a C $324 million deal to buy fellow Canadian chemical company Canexus Corp after failing to agree on terms. The scrapping of the deal comes three days after the U.S. Federal Trade Commission opposed the merger, saying the companies were two of the three manufacturers of a chemical needed to whiten wood pulp for...

  • CHICAGO, June 29- Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries. The company to be spun off will be named Alcoa Corp and the "value-added" business that...

  • CHICAGO, June 29- Metals company Alcoa Inc said on Wednesday it will spin off its traditional aluminum smelting business as part of its planned company split, with up to 19.9 percent of the new company owned by its business that serves aerospace and transportation industries. The company to be spun off will be named Alcoa Corp and the "value-added" business that...