The Urethane Blog

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

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

March 23, 2019

BDO Podcast

PODCAST: Europe PC and BDO demand dampened by automotive industry and Asia

Source: ICIS News

2019/02/28

LONDON (ICIS)–European editors Morgan Condon and Eashani Chavda discuss how polycarbonate (PC) and butanediol (BDO) demand has been impacted by oversupply in Asia and new regulations in the European automotive industry.

Click here to listen in a separate window.

PC is mainly used for electronic applications, as it is a good electrical insulator and has heat-resistant and flame-retardant properties.

BDO is a chemical intermediate used in the production of high performance polymers, solvents and fine chemicals.

https://www.icis.com/explore/resources/news/2019/02/28/10325415/podcast-europe-pc-and-bdo-demand-dampened-by-automotive-industry-and-asia/?cmpid=SOC%257CRSS%257Ctwitter%257CFreeNewsFeed