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July 29, 2014
Lenzing announced today that it has started production at its large-scale Tencel cellulose fiber plant at Lenzing, Austria. The plant has capacity for 67,000 m.t./year of Tencel fiber...
http://www.chemweek.com/regions/western_europe/Lenzing-starts-up-large-Tencel-fiber-plant-in-Austria_62770.html
July 29, 2014
Elementis today announced its interim six-month results, reporting a 5% rise in operating profit, to $76.8 million. Sales were up 3%, to $400 million, while operating margin, at 19%...
http://www.chemweek.com/regions/western_europe/Elementiss-profits-and-revenues-rise_62769.html
July 29, 2014
Linde (Munich), the gases and engineering group, today reported a 4.3% drop in second-quarter adjusted operating profit, to €969 million ($1.30 billion), on 1.3% lower revenues of...
http://www.chemweek.com/regions/western_europe/Linde-reports-lower-profits-and-revenues-confirms-outlook_62768.html
July 28, 2014
Paints and coatings company Tikkurila (Helsinki) says its profitability for the first half of 2014 was “good despite weak demand in Russia.” First-half revenue was...
http://www.chemweek.com/regions/western_europe/Tikkurila-sales-fall-7-4-percent-in-second-quarter-EPS-increases-slightly_62759.html
July 28, 2014
Repsol (Madrid) has posted net income of €520 million ($698.4 million) in the second quarter, an increase of 95% from the year-earlier period. Net income from downstream...
http://www.chemweek.com/regions/western_europe/Repsol-reports-higher-earnings-new-leadership-in-place_62732.html
July 28, 2014
The government has today announced plans to open large parts of the United Kingdom for oil and gas exploration, including unconventional oil and gas that can only be produced by...
http://www.chemweek.com/regions/western_europe/UK-government-invites-bids-for-large-scale-shale-fracking_62739.html
July 28, 2014
BP has announced that Iain Conn, group managing director and chief executive/downstream, is leaving the company and is to step down from BP’s board by the end of the year. Conn...
http://www.chemweek.com/regions/western_europe/BP-names-replacement-for-chief-executivedownstream_62740.html
July 28, 2014
Lesaffre Fermentation Technologies (Leaf Technologies; Marcq-en-Baroeul, France), a subsidiary of Lesaffre Group (Marcq-en-Baroeul) has acquired Butalco (Fürigen, Switzerland), a...
http://www.chemweek.com/regions/western_europe/Biofuels-firm-Leaf-Technologies-acquires-biotechnology-start-up_62743.html
July 28, 2014
Following a strategic review announced last October, Consumer goods group Reckitt Benckiser (RB; Slough, UK) said today that it plans to spin off its pharmaceuticals...
http://www.chemweek.com/regions/western_europe/Reckitt-Benckiser-to-spin-off-pharmaceuticals-business_62736.html
July 25, 2014
BASF today reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Ebitda was up 9.0%, to €2.7...
http://www.chemweek.com/regions/western_europe/BASF-reports-higher-earnings-on-flat-sales-confirms-outlook_62685.html
July 25, 2014
LyondellBasell Industries reports record earnings for the second quarter of $2.22/share, well above the analysts’ consensus estimate of $1.92/share as reported by Thomson Reuters (New York). Gains were broadly distributed across the business....
http://www.chemweek.com/regions/western_europe/LyondellBasell-reports-record-quarter-as-net-income-increases-27-percent_62721.html
July 25, 2014
PhosAgro (Moscow), a leading fertilizer producer, says production and sales in the first half of this year rose 3.4% and 3.9%, respectively. Production reached 3.08 million m.t. and...
http://www.chemweek.com/regions/eastern_europe/russia/PhosAgro-reports-higher-production-on-strong-fertilizer-demand_62715.html
July 24, 2014
M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....
http://www.chemweek.com/regions/western_europe/Italian-court-nullifies-Invistas-barrier-patent-says-M-and-G_62699.html
July 24, 2014
Lonza recorded net profits of 140 million Swiss francs ($155 million) for the first half of 2014 compared with profits of SF41 million in the first half of 2013. Sales for the first...
http://www.chemweek.com/regions/western_europe/switzerland/Lonza-reports-huge-rise-in-profits_62691.html
July 23, 2014
Johnson Matthey says it made progress in the first quarter of 2014/15, covering 1 April–30 June, in the face of headwinds from the effect of foreign currency translation and the...
http://www.chemweek.com/regions/western_europe/Johnson-Matthey-reports-lower-profits-flat-sales_62652.html
July 23, 2014
Syngenta’s net income including restructuring and impairment was $1.4 billion, 1% lower in the first six months of this year, on sales up 1%, to $8.5 billion, the company...
http://www.chemweek.com/regions/western_europe/Syngentas-first-half-growth-held-back-by-North-America-outlook-confirmed_62650.html
July 23, 2014
AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to...
http://www.chemweek.com/regions/western_europe/AkzoNobel-reports-higher-second-quarter-profits-confirms-outlook_62649.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/regions/western_europe/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 23, 2014
PKN Orlen (PÅ‚ock, Poland) today announced its strategy for 2014–2017, which reflects the present macroeconomic conditions. The company will focus on securing a strong position...
http://www.chemweek.com/regions/eastern_europe/poland/PKN-Orlen-unveils-strategy-may-close-money-losing-Lithuania-refinery_62654.html
July 23, 2014
State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity...
http://www.chemweek.com/regions/western_europe/Electricity-producer-EDF-agrees-to-cut-power-prices-for-Frances-biggest-industrial-consumers_62656.html
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