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U.S. Steel Idles Plants, and Timing Couldn’t Be Worse for Trump
Meanwhile, while U.S. Steel’s guidance spooked markets, the company also announced plant closures. U.S. Steel will be shutting two blast furnaces in the United States and one in Europe. U.S. Steel’s plant closure announcement couldn’t have come at a worse time for President Trump who started his 2020 campaign yesterday.
Celanese Increases Prices of Acesulfame Potassium
On March 23, Celanese (CE), announced that prices of acesulfame potassium, sold globally under the Sunett trademark, would increase to three euros (or $3.21) per kilogram.
HB Fuller Expands in India with New R&D Center
On March 21, 2017, HB Fuller (FUL) announced that it had officially opened its new business office and research and development center at its Shirwal manufacturing facility in India.
Celanese Increases Vinyl Acetate Monomer Prices in Asia
On March 7, 2017, Celanese (CE) announced a price increase for VAM (vinyl acetate monomer) in Asia. The increase is effective immediately.
Celanese Increased Prices of Acetaldehyde in Europe
On March 2, 2017, Celanese (CE) announced price increases for acetaldehyde in Europe.
Albemarle Raises Dividend 23rd Year in a Row
On February 23, 2017, Albemarle (ALB) announced a quarterly dividend of $0.32 per share. That’s a 5.0% rise from the previous quarter.
Celanese Increases Its Polymer Prices in North and South America
On February 14, 2017, Celanese (CE) raised its selling price for LDPE (low-density polyethylene) resin polymers by $0.06 per pound, effective March 1, 2017.
