Americas top stories - weekly summary

14 January 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 11 January 2013.

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Enterprise mulls second PDH unit, cites drop in propylene supply
US propylene maker Enterprise Products on Monday said it is considering building a second propane dehydrogenation (PDH) facility, citing anticipation of a continuing decrease of propylene supplies in the US.

US RPM's fiscal Q2 net income falls 17% on write-down
RPM International’s fiscal 2013 second-quarter net income fell 17% to $41.7m (€31.7m) from the same period a year ago, following a non-cash charge of $10.8m related to the write-down of the group’s remaining equity investment in Kemrock Industries, the US-based coatings and sealants firm said on Tuesday.

US spot ethane prices set all-time low on cracker outages, supply
US spot ethane prices fell to another all-time low on Tuesday, as cracker outages and a lingering supply overhang continue to affect the market.

US silicone producer Dow Corning to lay off 500 employees
Dow Corning will lay off about 500 employees to restructure the company with the volatile global economy, the US silicone producer said on Wednesday.

US SBR December contract prices roll over in weak market
US styrene butadiene rubber (SBR) December contract prices rolled over from November in a weak market, sources confirmed on Wednesday.

US bio-based chemical IPO window remains shut
The extent of the stock price declines for bio-based chemical companies in the past year has made it difficult, if not impossible, for companies to go public.

Italy's M&G picks Sinopec Engineering to build US PET/PTA plants
Mossi & Ghisolfi (M&G) has selected Sinopec Engineering to build its planned polyethylene terephthalate (PET) and purified terephthalic acid (PTA) facilities in Corpus Christi, Texas, the Italy-based PET major said on Friday.

N American TiO2 prices weaken further by 10 cents/lb for Q4
North American titanium dioxide (TiO2) fourth-quarter contract values dropped again late in the period by an average of 10 cents/lb ($220/tonne, €165/tonne), sources confirmed on Friday.

By: Staff Reporter
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