Americas top stories: weekly summary
ICIS Editorial
11-Mar-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 8 March.
Evonik sells
superabsorbents business to ICIG to focus on
specialties
Germany’s Evonik has signed a deal to sell its
superabsorbents business to International
Chemical Investors Group (ICIG), a
privately-held industrial group headquartered
in Germany. ICIG will acquire the entire
division with around 1,000 employees and
superabsorbent production facilities in Krefeld
and Rheinmuenster, Germany, as well as two
locations in the US, in Greensboro, North
Carolina, and Garyville, Louisiana.
Indorama Ventures
will divest, right-size assets and cut costs
under revised strategy
Fundamental long-term changes in global
chemicals markets have prompted a significant
review of strategy, Indorama Ventures said on
Monday.
Indorama eyes
upstream plant shutdowns with 6 assets under
review – Group CEO
Indorama Ventures is reviewing six operating
assets in the ‘West’ for potential shutdown as
it seeks to boost competitiveness and exit the
merchant market for polyethylene terephthalate
(PET) feedstocks amid intensifying competition
from China, its group CEO and Founder said.
Brazil’s Unigel
halts fertilizers production on high natural
gas prices
Unigel is to “temporarily stop” nitrogen
fertilizers production because of high costs
and low prices, effective on Wednesday, the
Brazilian chemicals and fertilizers producer
said.
Chemours says
suspended execs tried to influence cash
flows
An internal review showed that top executives
at Chemours tried to influence the reporting of
the company’s cash flows, the US-based titanium
dioxide (TiO2) and fluoromaterials producer
said in an update late on Wednesday.
LOGISTICS: Panama
Canal to add additional slots in Panamax Locks
beginning 25 March
The Panama Canal Authority (PCA) announced on
Friday that it will open additional slots in
the Panamax Locks beginning 25 March based on
the present and projected water levels in Gatun
Lake.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.