The Urethane Blog

Everchem Updates

VOLUME XXI

September 14, 2023

Everchem’s Closers Only Club

Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more

March 29, 2019

Dow Price Hikes in Europe

29. March 2019

Price increases for Dow MDI and systems

Dow is announcing price increases for Europe, Middle-East, Africa and India for all MDI and Systems, with up to EUR 150 per metric tonne, or equivalent in other currencies, effective 1 April 2019 or as contract allow.

The company said in an announcement issued on 29 March that the decision is driven by increasing margin compression in its MDI and systems chain. The company furthermore explained that over the last several months, raw materials used in the production of the MDI and systems, have increased significantly while pricing has come under pressure across key market segments supplied by Dow, including Energy Efficiency & Construction, Industrial and Consumer markets.

www.dow.com

https://www.gupta-verlag.com/news/industry/22718/price-increases-for-dow-mdi-and-systems

March 29, 2019

Dow Price Hikes in Europe

29. March 2019

Price increases for Dow MDI and systems

Dow is announcing price increases for Europe, Middle-East, Africa and India for all MDI and Systems, with up to EUR 150 per metric tonne, or equivalent in other currencies, effective 1 April 2019 or as contract allow.

The company said in an announcement issued on 29 March that the decision is driven by increasing margin compression in its MDI and systems chain. The company furthermore explained that over the last several months, raw materials used in the production of the MDI and systems, have increased significantly while pricing has come under pressure across key market segments supplied by Dow, including Energy Efficiency & Construction, Industrial and Consumer markets.

www.dow.com

https://www.gupta-verlag.com/news/industry/22718/price-increases-for-dow-mdi-and-systems

March 28, 2019

Saudi Aramco Buys 70% of SABIC

Saudi company to purchase majority stake in SABIC

Saudi company to purchase majority stake in SABIC
Inside of Mt. Vernon SABIC plant. (WFIE file)
March 28, 2019 at 9:53 AM CDT – Updated March 28 at 9:53 AM

POSEY CO., IN (WFIE) – A Saudi Arabian company is set to buy a majority stake in plastics company SABIC.

SABIC, which operates a facility in Mt. Vernon, IN, announced Wednesday that Saudi Aramco signed a share purchase agreement to acquire a 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction.

The agreed purchase price for the shares is equivalent to $69.1 billion.

The transaction is subject to certain closing conditions, including regulatory approvals.

Chellsie Brown is covering this story today and she’ll have more about it tonight on 14 News.

http://www.14news.com/2019/03/28/saudi-company-purchase-majority-stake-sabic/

 

March 28, 2019

Saudi Aramco Buys 70% of SABIC

Saudi company to purchase majority stake in SABIC

Saudi company to purchase majority stake in SABIC
Inside of Mt. Vernon SABIC plant. (WFIE file)
March 28, 2019 at 9:53 AM CDT – Updated March 28 at 9:53 AM

POSEY CO., IN (WFIE) – A Saudi Arabian company is set to buy a majority stake in plastics company SABIC.

SABIC, which operates a facility in Mt. Vernon, IN, announced Wednesday that Saudi Aramco signed a share purchase agreement to acquire a 70% majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction.

The agreed purchase price for the shares is equivalent to $69.1 billion.

The transaction is subject to certain closing conditions, including regulatory approvals.

Chellsie Brown is covering this story today and she’ll have more about it tonight on 14 News.

http://www.14news.com/2019/03/28/saudi-company-purchase-majority-stake-sabic/

 

March 28, 2019

Dow Added to the Dow

DJIA removes DowDuPont, adds Dow Inc

|About: Brighthouse Financial, Inc. (BHF)|By: , SA News Editor

Dow Inc will replace DowDuPont (NYSE:DWDP) in the Dow Jones Industrial Average on April 2 following the chemical corporation’s breakup into three smaller companies – Dow, DuPont and Corteva Agriscience.

The change will maintain the benchmark’s exposure to the materials sector, and its price weight within the DJIA will be similar to DowDuPont’s before its breakup.

Dow Inc will also join the S&P 500 on April 2, replacing Brighthouse Financial (NASDAQ:BHF).

https://seekingalpha.com/news/3445934-djia-removes-dowdupont-adds-dow-inc#email_link