HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 21 September.
US Univar to
acquire chem distributor Nexeo for
Univar has agreed to acquire Nexeo in an approximate $2bn cash and stock transaction, the US-based chemical and plastics distributors announced on Monday.
distributor Univar seeks to divest Nexeo
plastics unit as part of $2bn
Univar is considering divesting Nexeo Solutions’ plastics business as part of the companies' $2bn acquisition deal out of a desire to stay focused on chemicals and ingredients distribution, the US-based company's CEO said on Monday.
transformational growth with $2bn Nexeo
US-based chemical distributor Univar aims to become the premier global distributor of chemicals and ingredients with its planned $2bn acquisition of Nexeo Solutions, Univar’s CEO said on Monday.
US to impose
tariffs on $200bn worth of Chinese imports, may
The US will impose tariffs on $200bn worth of imports from China, many of which include plastics and petrochemicals, President Donald Trump said on Monday.
Final $200bn US
tariffs against China excludes some
The list of US tariffs against China in the latest $200bn round excludes 297 products from the original list, including some chemicals.
China to slap 5%
& 10% tariffs on $60bn of US goods from 24
China’s Ministry of Finance announced late on Tuesday it would impose 5% and 10% tariffs on $60bn of US goods from 12:01 Beijing time on 24 September as a countermove against the latest US measure.
Revised US tariff
list removes 142 chemical, plastic products –
The US removed 142 chemical and plastic products from the latest round of tariffs that it will impose on Chinese imports next week, the American Chemistry Council (ACC) said on Tuesday.
new US ACN train for 2023
Cornerstone Chemical Company is considering an additional 130,000 tonnes/year acrylonitrile (ACN) train in the US, with commercial production expected to begin in 2023, the producer said in a press release.
US Dept of
Commerce announces final dumping margins
determination on PET imports
The US Department of Commerce has announced final dumping margins for polyethylene terephthalate (PET) resin from Brazil, Indonesia, Korea, Pakistan and Taiwan to the US, issued this week.
US September PS
prices settle at increase
US September polystyrene (PS) contracts have settled at an average increase of 2 cents/lb ($44/tonne) following higher feedstock prices in August.