The Acquisition of Rio's Packaging Group Will Test Amcor's Flexibility
February 10, 2009
Australia's Amcor eyes part of Rio packaging unit | www.reuters.com
The former Alcan flexibles business is clearly an orphan in Rio's portfolio. However, the absorption of this business into Amcor's flexible's unit creates another set of issues for its current and anticipated customer base. Corporate culture will play into an effective assimilation and strain the prospective value of this marriage. Too often overlooked in favor of the immediate financial ramifications, the ability to strategically mesh two businesses and create real value for the customer is the key to longer term value.
February 9, 2009
Lack of "Car Czar" Stalls progress on Bailout | online.wsj.com
They cannot recover with present leadership. Their Boards are "Sail with the Wind" enablers. They need change urgently.
The Real Challenge at Smurfit-Stone: A New Business Model
February 3, 2009
Smurfit-Stone Files For Chapter 11 Bankruptcy | www.paperage.com
Building a sustainable container board and packaging business, capable of delivering value to stakeholders in the long run, requires more than an acquisition strategy and the leverage of low cost funding. More important is the management accumen to coalesce a corporate culture that understands how value is created with the commitment to cascade that throughout the organization. The Smurfit-Stone model has been fraught with nepotism and a short term willingness to exploit pricing for volume to mask outdated operations and unenlightened acquisitions. Today, the real challenge of Chapter 11 is to demostrate to stakeholders they understand those realities and are committed to driving forward with a new business paradigm.
The real reason we are failing
January 28, 2009
Circuit City to liquidate remaining US stores | www.businessweek.com
We need to measure differently. We need to reward differently. Our present system does not work anymore and is tilted out of control.
The Independent Petrochemical Producers Are Ready
January 21, 2009
LBO Burden May Force Ineos, Georgia Gulf Bankruptcy (Update2) | www.bloomberg.com
Production activity in petrochemicals appears to be restarting. Ineos, LyondellBasell, and Georgia Gulf have optimized their operations.
January 16, 2009
Equistar to reopen La Porte olefins plant | houston.bizjournals.com
Lyondell is using the flexibility of their ethylene production system to optimize their costs.
Some Good News for Petrochemicals
January 15, 2009
CPC to Restart No. 4 Naphtha Cracker as Market Demand Improves | www.bloomberg.com
Restarting of this cracker in Taiwan is an indication of improved profitability in ethylene, and maybe improving demand.
“The worst I’ve ever seen!,” in the Petrochemical Market
December 20, 2008
Equistar to Temporarily Idle Second Olefins Unit | www.marketwatch.com
The shuttering of Lyondell's and Westlake's ethylene facilities brings operable capacity to about 70% of nameplate, and utilization rates below 65%. By closing Chocolate Bayou, Lyondell most likely, stands to improve their net cash flow.
Who Might Buy Sunoco Chemicals?
December 17, 2008
US Sunoco puts chemicals business up for sale | www.icis.com
Sunoco Chemicals is the largest US producer of phenol and a significant producer of polypropylene. These are very large businesses in the trough of a downturn. Which companies might have the foresight to entertain this kind of acquisition?
November 12, 2008
The Breakfast Wars: Starbucks Learns to Cook | www.nytimes.com
The article in the news today about the reduction of health care benefits planned for GM salaried retirees is very sad .We are talking about folks in their seventies and eighties who gave their lives to the company. People who were told almost annually that the size of their wage increases reflected the money that must be set aside to provide health care for them in retirement. I have always been a strong supporter of our free enterprize system. I find it very saddening to watch so many lives being destroyed because of greedy inept management and leaders. These leaders now asking for a huge government bail out are the same ones who have destroyed a once great icon of American industry. . I say “Bail them Out”, but make sure that the entire top layer of management is gone and the board that supported their failed strategies with them.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011