Joint-Ventures, Production Updates, Consolidation of Operations, Start ups, and Extension of Tender Offers - Research Report on CF, Praxair, PPG, Albemarle, and Chemtura
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NEW YORK, July 12, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting CF Industries Holdings, Inc. (NYSE:CF), Praxair Inc. (NYSE:PX), PPG Industries Inc. (NYSE:PPG), Albemarle Corporation (NYSE:ALB), and Chemtura Corporation (NYSE:CHMT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
CF Industries Holdings, Inc. Research Report
On July 1, 2013, CF Industries Holdings, Inc. (CF) announced that it has started the process of restarting operating units at its Medicine Hat, Alberta nitrogen complex. CF said that it had shut the production at the complex on June 23, 2013 as a precautionary measure. "We have determined that it is safe to restart our operating units and are doing so. We are in contact with our customers regarding the status of deliveries from the facility," said Tony Will, Senior Vice President, Manufacturing and Distribution of CF. "Our thoughts are with those in the community who were impacted by the flooding." The Company stated that the pump house equipment that had been relocated to higher ground prior to the flooding has been reinstalled and is back in service. The Full Research Report on CF Industries Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/ac95_CF]
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Praxair Inc. Research Report
On July 2, 2013, Praxair Inc. (Praxair) entered into an agreement with OJSC KuibyshevAzot to form a joint venture (JV) in central Russia's Samara region to produce and sell industrial gases. According to Praxair, the JV will produce on-site oxygen, nitrogen and compressed dry air for KuibyshevAzot's expanding caprolactam, fertilizer, and ammonia production, as well as liquid oxygen, nitrogen, and argon for sale to customers in the Volga region. "Praxair is excited to work with such an experienced and responsible company to supply industrial gases to a key market in central Russia," said Todd Skare, President of Praxair Europe. "Our modernization and investment program with KuibyshevAzot will bring significant energy efficiency and cost savings to the company, while increasing the supply of liquefied industrial gases to the growing demand from smaller regional customers." Praxair and KuibyshevAzot will construct a new, energy-efficient air separation unit that will produce 1,400 tons per day of oxygen, nitrogen, and argon and is scheduled to start-up in mid-2016. The Full Research Report on Praxair Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/8767_PX]
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PPG Industries Inc. Research Report
On July 3, 2013, PPG Industries Inc. (PPG) announced that it has consolidated its operations in Argentina at its coatings manufacturing complex in Pilar. According to PPG, the 4,200-square-foot facility will serve not only as PPG's manufacturing hub in Argentina, but also as the Company's headquarters in the country. More than 50 business office, information technology, human resources and other support-team members have moved to remodeled office space at the Pilar site from a rented building in St. Martin. "We are delighted to reaffirm our commitment to Argentina," said Carlos Santa Cruz, PPG General Manager, South America. "We appreciate the loyalty of our Argentina customers and are excited about this opportunity to strengthen our mutual growth." The Full Research Report on PPG Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/7d48_PPG]
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Albemarle Corporation Research Report
On July 8, 2013, Saudi Organometallic Chemicals Company (SOCC), a joint venture of Albemarle Netherlands B.V., a subsidiary of Albemarle Corporation (Albemarle), and Saudi Specialty Chemical Company, announced the initial start-up of its aluminium alkyls facility in Al-Jubail, Saudi Arabia. At capacity, the facility will manufacture 6,000 metric tons per year of tri-ethyl aluminium (TEA). Further, an ultra-low hydride grade of TEA (ULH-TEA) will also be produced at the SOCC plant. According to the Company, the new facility is designed to meet the growing needs for TEA and ULH-TEA in the region, using raw materials supplied from member countries of the Gulf Cooperation Council. Full commercial production of the aluminum alkyls facility is anticipated to commence in Q3 2013. The Full Research Report on Albemarle Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a153_ALB]
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Chemtura Corporation Research Report
On July 8, 2013, Chemtura Corporation (Chemtura) announced the extension of the expiration date and the elimination of early settlement feature in its previously declared cash tender offer and consent solicitation with respect to any and all of its outstanding $455.0 million aggregate principal amount of 7.9% Senior Notes due 2018. The terms of the tender offer has been amended to extend the expiration date from 11:59 p.m., New York City time, on July 8, 2013 to 4:00 p.m., on July 19, 2013, unless further extended or earlier terminated by the Company in its sole discretion. In addition, the early settlement feature has been eliminated from the offer. According to Chemtura, the expiration date is being extended because the Financing Condition has not yet been satisfied. The Full Research Report on Chemtura Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/5376_CHMT]
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SOURCE Wall Street Reports
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