IHS Chemical Week

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August 19, 2014
CW has learned that Jean-Pierre Clamadieu, CEO of Solvay, will be elected as the next president of Cefic on 17 October at the Cefic General Assembly at Paris. Clamadieu will succeed...
http://www.chemweek.com/regions/western_europe/Solvays-Clamadieu-to-be-next-president-of-Cefic_63284.html
August 18, 2014
PhosAgro (Moscow), Europe’s largest producer of phosphate fertilizers and the world’s largest producer of high-grade phosphate rock, has begun squeezing out all shares...
http://www.chemweek.com/regions/eastern_europe/russia/PhosAgro-begins-squeeze-out-at-subsidiary_63266.html
August 18, 2014
Reichhold (Durham, NC) will expand its coating resin capacity in Turkey, the company has announced. The company says it will build a greenfield resin plant at the Arlansbey Organized...
http://www.chemweek.com/regions/eastern_europe/hungary/Reichhold-to-expand-coating-resins-capacity-in-Turkey_63265.html
August 17, 2014
EuroChem (Moscow), Russia’s leading fertilizer producer and one of the largest global players, reports a 3% increase in second-quarter sales to 46.9 billion Russian ruble ($1.34...
http://www.chemweek.com/regions/eastern_europe/russia/EuroChem-reports-higher-fertilizer-sales-benefits-from-competitive-gas-prices_63260.html
August 15, 2014
North European Bio Tech Oy (NEB; Helsinki) has made an investment decision concerning the construction of a bioethanol plant on the Renforsin Ranta industrial estate, at Kajaani...
http://www.chemweek.com/regions/western_europe/Waste-to-bioethanol-plant-to-be-built-in-Finland_63250.html
August 15, 2014
Traders of European toluene were forced to decline enquiries from Mideast and Asia buyers seeking small volumes of toluene this week despite a open arbitrage on paper, IHS Chemical...
http://www.chemweek.com/regions/western_europe/European-traders-decline-Asian-Mideast-bids-for-toluene_63249.html
August 15, 2014
Sabic has announced that it is going ahead with majorly upgrading its olefins plant at Wilton, UK, to enable it to use ethane gas feedstock imported from the United States. The company...
http://www.chemweek.com/regions/western_europe/Sabic-proceeds-with-converting-UK-cracker-to-use-US-ethane_63232.html
August 14, 2014
Novozymes (Bagsvaerd, Denmark) reported a net profit of 591 million Danish kronor ($105.9 million) in the second quarter of the year, up 6.3% year-on-year (YOY). Ebit also grew by more...
http://www.chemweek.com/regions/western_europe/Novozymes-net-profit-grows-more-than-6-percent-upgrades-earnings-outlook_63186.html
August 14, 2014
Potash and magnesium products producer K+S (Kassel, Germany) today reported a 23.4% decline in second-quarter net profit, to €81.1 million ($108.4 million), on sales 10% down, to...
http://www.chemweek.com/regions/western_europe/K+S-reports-lower-sales-and-earnings-expects-full-year-revenues-to-decline_63178.html
August 14, 2014
Borealis today reported improved second-quarter results and said that the recently signed contract with North American ethane suppliers will reduce its operating costs in Europe. Mark...
http://www.chemweek.com/regions/western_europe/Borealis-reports-improved-results-says-ethane-deal-will-reduce-costs-significantly_63180.html
August 14, 2014
PhosAgro(Moscow), a leading fertilizer producer, has signed a contract with Chemoproject Nitrogen for the design, engineering and procurement of equipment for a 500,000-m.t./year...
http://www.chemweek.com/regions/eastern_europe/russia/PhosAgro-awards-urea-plant-contract-to-Chemoproject-Nitrogen_63184.html
August 13, 2014
BASF recently announced that it will construct a new office building for 600 employees at its Ludwigshafen headquarters. The company had posted an architecture competition for the...
http://www.chemweek.com/regions/western_europe/BASF-replacing-Engelhorn-building-at-Ludwigshafen-site_63144.html
August 13, 2014
BASF's venture capital business says it has invested €1.0 million ($1.3 million) in the technology company SmartKem (St. Asaph, UK), a leader in R&D of high-performance...
http://www.chemweek.com/regions/western_europe/BASF-invests-in-organic-semiconductor-inks-firm-SmartKem_63145.html
August 13, 2014
Specialty chemicals distributor IMCD Group (Rotterdam) posted a a 22% increase in net profit before amortization and nonrecurring items for the first half of 2014 compared with the...
http://www.chemweek.com/regions/western_europe/IMCD-posts-first-results-since-IPO-big-increases-in-sales-and-earnings_63143.html
August 13, 2014
Merck KGaA today reported a 4% decline in second-quarter net income, to €303.3 million ($404.9 million). Acquisition-related one-time items, lower royalty, license and commission...
http://www.chemweek.com/regions/western_europe/Merck-KGaA-reports-lower-second-quarter-net-income-confirms-outlook_63140.html
August 12, 2014
Galenica (Bern, Switzerland) said today that it is adapting a new management structure. The group will be headed by two CEOs, one in charge of Vifor Pharma, formerly the pharma...
http://www.chemweek.com/regions/western_europe/Swiss-health-care-group-Galenica-to-split-into-two-listed-companies_63125.html
August 12, 2014
Energy company OMV (Vienna) says that operating profit at the company's petrochemicals business was €40 million ($53.4 million) in the second quarter, slightly lower than in the...
http://www.chemweek.com/regions/western_europe/OMV-posts-slight-decline-in-petchem-profit-on-lower-ethylene-margins_63123.html
August 12, 2014
Haldor Topsoe today announced plans to close a fuel cell subsidiary that focuses on developing and commercializing components and technology for high-temperature solid oxide fuel cells...
http://www.chemweek.com/regions/western_europe/Haldor-Topsoe-closing-subsidiary-because-of-sales-earnings-drops_63119.html
August 11, 2014
Synthomer (Harlow, UK) posted a 7% decline in pretax profit for the first half of 2014 compared with the corresponding period of last year, to £45 million, on sales down 9%, to...
http://www.chemweek.com/regions/western_europe/Synthomer-posts-lower-earnings-and-sales-on-strong-UK-currency-weak-Asian-nitriles_63102.html
August 8, 2014
Mexichem (Tlalnepantla, Mexico) has agreed to acquire Vestolit (Marl, Germany), Europe’s sixth-largest manufacturer of polyvinyl chloride (PVC), from private equity firm...
http://www.chemweek.com/regions/western_europe/Mexichem-acquires-PVC-producer-Vestolit-for-&euro219-million_62985.html
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