Americas top stories - weekly summary

12 November 2012 15:00  [Source: ICIS news]

Americas top stories - weekly summary

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 9 November 2012.

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

Chemical M&A to rebound in 2013 − US banker
Chemical merger and acquisition (M&A) activity is set to rebound in 2013 after a lacklustre 2012, in which a decline in confidence and a dearth of assets for sale dampened deal-making, an investment banker said on Monday.

US chemical M&A activity to revive post election
US chemical merger and acquisition (M&A) activity should get a boost following the US presidential and congressional elections, investment bankers said on Tuesday.

Strong turnout reported in critical US presidential election
Very strong turnout was being reported on Tuesday throughout the eastern US as Americans began to vote in the nation’s quadrennial presidential election, with voters waiting two and three hours in key swing states to cast their ballots.

Obama beats Romney to win second term as US president
President Barack Obama has won a second term in the White House, defeating Republican challenger Mitt Romney.

US chemical firms, others congratulate Obama but seek rules easing
US chemical leaders, the energy industry and other manufacturers on Wednesday congratulated President Barack Obama on his election victory, but they also urged easing of regulatory burdens on energy and production.

Georgia Gulf is the latest US producer to mull new cracker
US-based vinyls producer Georgia Gulf joined on Wednesday a number of other US petrochemical companies that are either considering new crackers or proceeding with construction plans.

US Westlake's Q3 net income up 28% on low feedstock, energy costs
Westlake Chemical’s third-quarter net income rose by 28.0% year on year despite lower sales revenues as the US producer benefited from lower feedstock and energy costs, it said on Thursday.

APLA '12: Growing Latin America market to be target for US exports
The annual meeting of the Latin American Petrochemical Association (APLA) will begin on Sunday in Rio de Janeiro as the prospects for much of the region improve following several months of below-average growth.

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