Materials Chemicals

  • 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...

  • Nov 15- Chemicals maker Ineos Enterprises said on Thursday it will buy Ashland Global Holdings Inc's composites unit for $1.1 billion, chiefly for its resin business. Ashland said the divestiture was a part of its plans to focus on specialty chemicals. Ineos said the deal was expected to be completed in the first half of next year.

  • BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...

  • BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...

  • Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. from the kingdom's sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

  • SINGAPORE/ SEOUL, Nov 9- A South Korean delegation including oil buyers is expected to head to Iran next week to discuss resuming Iranian oil imports after a three-month halt, three sources with knowledge of the matter said. It can import up to 200,000 barrels per day of Iranian oil, mostly condensate, the sources said, without invoking U.S. economic sanctions...

  • Jim Cramer on the set of Mad Money.

    Jim Cramer explains how FANG's movements can be attributed to being in an ETF.