Americas top stories - weekly summary

22 October 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 19 October 2012.

(Please click on the link to read the full text.)

US October cumene contract gains 5.6% on surging feedstocks
The US October cumene contract price gained an average of 5.6% on higher feedstock costs, sources said.

Kolon charged with stealing Kevlar trade secrets from US DuPont
The US accused South Korea-based Kolon Industries and five employees of stealing DuPont's Kevlar trade secrets, the Department of Justice (DOJ) said.

US PPG Industries Q3 net income rises 9% on cost savings, coatings
PPG Industries' third-quarter net income rose 9% year on year to $339m (€258m), driven by cost savings and a strong performance by its coatings business, the US-based chemicals and coatings firm said.

US olefins may see tax breaks in master limited partnerships
As if US petrochemical producers needed yet another incentive to build ethane crackers, it got just that from the Internal Revenue Service (IRS) tax authority.

LyondellBasell Texas VAM plant to finish work this week - sources
LyondellBasell should finish maintenance work at its vinyl acetate monomer (VAM) plant in Texas by the end of this week, sources said.

Canada chemical sales rise 0.4% in August from July
Canadian chemical sales rose 0.4% to Canadian dollar (C$) 3.94bn ($3.98bn) in August from July, a statistics agency said on Tuesday.

Buyers sceptical of Dow’s November US acrylates price push
US acrylic acid and acrylate esters producer Dow Chemical announced its intent to raise domestic November contract prices by 7 cents/lb ($154/tonne, €119/tonne), citing expected volatility in feedstock pricing, but buyers maintained the initiative was not justified.

By: Staff Reporter
+44 20 8652 3214

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