Company Dynamic

OLAM International on Monday posted a nearly 29 per cent rise in net profit to S$147.7 million for the second quarter ended June 30 on growth in its food category, up from S$114.9 million a year ago.

• Olam
• Food

In its sixth acquisition so far this year, Axalta Coating Systems, the Philadelphia industrial coatings company spun off from DuPont Co. in 2013

• Axalta
• Coating

India's TVS Motor Co Ltd posted a nearly 7 percent rise in quarterly profit on Friday, missing analysts' estimates.

• India

U.S. chemical companies are expected to drive new breakbulk demand with investment decisions on a range of second wave construction, following double-digit growth for the first half of the year.

• U.S.
• Chemical

The Goods & Services Tax (GST) regime has stipulated 12% tax on the sale of fertilizers, effective July 1, 2017.

• GST
• ICRA

Over the past decade, more than 150 steel bridges in Virginia have been repainted with two-coat polyaspartic urethane coating technology.

AkzoNobel NV said that its coatings are used in a medical ship operated by Vine Trust, to help people living in remote and isolated communities have access to primary healthcare.

• AkzoNobel

KBR Inc (KBR) has entered into a memorandum of understanding (MoU) with Saudi Aramco to expand and develop KBR's services for Saudi Aramco in line with the Kingdom of Saudi Arabia's (KSA) localization objectives.

• KBR

Covestro AG said that it will present new and hi-tech products for ID cards, with films that improve security and enable efficient production of cards.

• Covestro

Merck Group announced the establishment of the Merck Foundation, a non-profit limited liability company.

• Merck
• Healthcare

China Petroleum and Chemical Corp., or Sinopec, raised its ex-works butadiene offers in East China to Yuan 8,700/mt, equating to $1,092/mt on an import parity basis, up Yuan 500/mt or 6.1%, effective Wednesday, market sources said Thursday.

• Butadiene
• Sinopec

"For business reasons, BASF has decided not to pursue re-registration for treatment of seeds in Europe," a spokesman told AFP, adding that the authorization would expire on September 30th.

• Chemical
• BASF

Tianyuan Garments Company of Suzhou has signed an agreement with SoftWear Automation of Atlanta to develop a fully automated T-shirt production line at Tianyuan's newly acquired plant in Little Rock, Arkansas, in July.

• Garment
• China
• U.S.

Amec Foster Wheeler has been awarded a front-end engineering design (FEED) contract by Total Raffinage France, a subsidiary of Total SA.

• Amec

Mexichem has reached a definitive agreement to acquire 80 percent stake in Netafim Ltd, a private irrigation company in Israel, for a total enterprise value of $1.895 billion.

• Mexichem

Arsenal Capital Partners (Arsenal) has agreed to acquire Cyalume Technologies Holdings Inc (CYLU), for a total cash consideration of $45 million. The deal is expected to close in September 2017.

• Arsenal

BioAmber Inc (BIOA) has priced an underwritten public offering of an aggregate of 14,666,667 shares of common stock of the company.

• BioAmber

IMCD NV said that it will acquire 100 percent of LV Lomas, the Canadian and US speciality chemicals and ingredients distributor.

• IMCD

EPD will guarantee both series of junior subordinated notes on a subordinated, unsecured basis under an unconditional guarantee. Settlement of this offering is expected to occur on 16 August 2017.

• EPD

ICL has signed a non-binding MoU with Energean Israel Limited to enter into negotiations for a definitive agreement to supply up to 13 billion cubic metres (bcm) of natural gas at a total consideration of approximately $2 billion over a 15 year period.

• ICL