Materials Chemicals

  • MELBOURNE, Jan 15- Alliance Mineral Assets on Tuesday said it had restructured an agreement to supply lithium to a China- based chemicals maker instead of a Hong Kong trading house. The Singapore- based company bought out its partner Tawana Resources late last year to streamline operations at the Bald Hill lithium mine in Western Australia.

  • FRANKFURT/ ZURICH, Jan 9- Switzerland's Clariant has begun the sale of its pigments business as part of wider a streamlining which it has said it will complete by the end of 2020, sources said. Another source said the pigments business's enterprise value could top 1.3 billion francs, with additional parts of the plastics and coatings unit that are up for disposal...

  • SINGAPORE, Jan 10- German chemicals giant BASF on Thursday said it had selected the port city of Zhanjiang in the southern Chinese province of Guangdong as the site for its $10 billion petrochemicals complex. "By 2030, China's share of global chemical production will increase to nearly 50 percent," BASF Chairman Martin Brudermüller said in a statement issued...

  • FRANKFURT/ ZURICH, Jan 9- Switzerland's Clariant has begun the sale of its pigments business as part of wider a streamlining which it has said it will complete by the end of 2020, sources said. Saudi Arabia's Saudi Basic Industries bought a 25 percent stake in Clariant last year, ending a dispute between the Swiss company and U.S.-based activist investor White...

  • CHICAGO, Jan 9- China's approval of imports of a DowDuPont Inc genetically modified soybean puts rival Bayer AG on the defensive, investors and analysts said, as U.S. farmers will have a new choice when planting their most valuable agricultural export. China cleared the way for U.S. farmers to eventually plant DowDuPont's Enlist E3 soybeans, which can resist...

  • FRANKFURT, Jan 8- BASF is looking to shed a sizeable portfolio of assets to try to salvage a deal it struck in 2017 to buy Belgian chemicals group Solvay's polyamide business, people close to the matter said. The European Commission has set a provisional deadline of Jan. 25 for its ruling on the planned deal. According to people close to the matter, BASF is marketing...

  • ZURICH, Jan 8- Swiss chemicals company Sika AG has agreed to buy French rival Parex in a 2.5 billion Swiss franc deal, the latest in a wave of consolidation in the construction materials sector. The global market for construction chemicals, whose products are used to waterproof and strengthen cement in projects such as the Gotthard Base Tunnel under the Alps, is...

  • *Sees 2018 oper profit in 940- 960 mln francs range. Jan 8- Swiss chemicals company Sika AG on Tuesday offered to buy smaller French rival Parex for an enterprise value of 2.5 billion Swiss francs from a fund owned by CVC Capital Partners, and said its full-year sales beat its target. The acquisition is expected to generate annual synergies of 80- 100 million francs,...

  • Jan 7- Sika AG said on Tuesday it made an offer to buy French chemical company Parex from a fund owned by CVC Capital Partners for an enterprise value of 2.5 billion Swiss francs. The acquisition is expected to generate annual synergies of CHF 80 million- 100 million, the Swiss construction chemicals maker said. Sika said the deal is expected to add to its earnings...

  • SINGAPORE, Jan 4- Light distillate fuel stocks at Asia's refining hub in Singapore have climbed to a record on surging supply, just as fears emerge of an economic downturn heading into 2019.. Light distillate stocks in Singapore, which include the key transportation fuel gasoline and important petrochemical feedstock naphtha, rose by 1.47 million barrels in...

  • A Whole Foods locaton in downtown Denver. 

    Whole Foods Market said Tuesday it has eliminated packaging with a cancer-linked chemical from its stores.

  • FRANKFURT, Dec 7- Germany's BASF slashed its forecast for 2018 profits on Friday, saying the decline was mainly due to its chemicals segment while low water levels on the Rhine and weak automotive demand especially in China were also to blame. The chemicals giant became the latest company to admit to the pain being inflicted on Europe's largest economy and...

  • To capitalize on the subsidy, A.J. Gallagher arranged investor partnerships to produce vast quantities of refined coal, as the fuel is known in the industry, for utilities across the nation, splitting the benefit of the lucrative government incentive now worth more than $7 per ton. Our return on investment is staggering, CFO Douglas Howell told analysts in the...

  • SANTIAGO, Dec 3- China's Tianqi Lithium Corp has purchased a 23.77 percent share in Chilean lithium miner SQM from Canadian fertilizer giant Nutrien, the Chilean stock exchange said on Monday, for a total sale price of $4.066 billion. "A minority stake in SQM is great from our perspective, especially when we look at long term growth and expectations for the lithium...

  • Nov 29- U.S. agriculture suppliers are stockpiling the Chinese chemicals that farmers need to kill crop pests and boost yields- before tariffs on them more than double on Jan. 1. President Donald Trump, are part of an eight-month trade war between the United States and China affecting $250 billion worth of Chinese products and $113 billion in U.S. goods.

  • Cramer Remix: The Praxair-Linde deal is a double-edged sword

    Jim Cramer details why anti-competitive mergers tend to be bad for customers but winners in your portfolio.

  • Jim Cramer on CNBC's "Mad Money."

    Jim Cramer details why anti-competitive mergers tend to be bad for customers but winners in your portfolio.

  • *Metal mix in cathodes for EV batteries in focus. FRANKFURT, Nov 23- German chemicals giant BASF is betting on a new recipe for electric car batteries which stretches the time between charges while cutting dependence on nickel to help shave costs and grab more of a growing market. At the moment BASF and others, including Belgium's Umicore, a market leader, are...

  • With just over four months until it leaves, and political bickering continuing, Britain is yet to sign off on its divorce terms with the European Union, forcing companies to prepare for a disorderly exit from the world's largest trading bloc. Supporting over 120,000 jobs, the UK's aerospace sector is the second largest in the world and depends on smooth...

  • Varta, which currently specializes in batteries for hearing aids and large storage systems for solar energy, has agreed a cooperation deal with Germany's Fraunhofer Institute, a scientific research body, the two parties said on Monday. Varta, chemical giant BASF and Ford's German subsidiary Ford-Werke GmbH are among companies involved in talks with...