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February 9, 2012
Rockwood Holdings says it plans to invest $140 million to build a 20,000-m.t./year lithium carbonate production plant at LeNegra, Chile. The plant is expected to come onstream by the...
http://www.chemweek.com/home/top_of_the_news/Rockwood-to-Build-Lithium-Carbonate-Plant-in-Chile_41023.html
February 9, 2012
Siam Cement notified the Stock Exchange of Thailand today that it and its Vietnamese and Qatari partners have signed a joint venture agreement for a previously announced petrochemical complex in Vietnam. The partners will invest $4.5 billion in the project, following a final investment decision, which is expected next year....
http://www.chemweek.com/home/top_of_the_news/Siam-Cement-and-Partners-Sign-JV-Deal-for-$4-5-Billion-Project-in-Vietnam_41206.html
February 9, 2012
Honam Petrochemical has firmed up plans to invest in a petrochemical complex in Indonesia. The company announced in March last year that it is planning to expand in Southast Asia...
http://www.chemweek.com/home/top_of_the_news/Honam-Firms-up-Plans-for-Petchems-Complex-in-Indonesia_41215.html
February 9, 2012
Total has named Graeme Burnett as senior v.p./refining and petrochemicals in the Americas, Total’s newly created global refining and chemicals unit. Burnett, formerly in charge...
http://www.chemweek.com/home/top_of_the_news/Total-Names-Graeme-Burnett-as-CEO-of-U-S-Petrochemicals-and-Refining-Unit_41216.html
February 9, 2012
Showa Denko recorded net losses of  ¥500 million ($6.5 million) in the fourth quarter of 2011, compared with ¥3.3 billion in net profits in the corresponding period...
http://www.chemweek.com/home/top_of_the_news/Showa-Denko-Reports-Losses-and-a-Slight-Decrease-in-Sales_41212.html
February 9, 2012
Sabic appears to be the favorite to win a proposal to invest in a huge methanol-to-petrochemicals complex in Trinidad. The complex with an estimated value of $5.3 billion, is expected...
http://www.chemweek.com/home/top_of_the_news/Sabic-in-Talks-to-Invest-in-Methanol-to-Petrochemicals-Project-in-Trinidad_41209.html
February 8, 2012
Zhejiang Satellite Petrochemical (Jiaxing, China), a major producer of acrylic acid and acrylates, plans to acquire Zhejiang Julong Petrochemical (Pinhu City, China) for Rmb137 million...
http://www.chemweek.com/home/top_of_the_news/Chinese-Acrylates-Producer-Satellite-to-Acquire-Propylene-Maker-Julong-Petrochemical_41204.html
February 8, 2012
Syngenta today reported a 14% increase in 2011 net income to $1.6 billion on sales also up 14% at $13.3 billion. Sales of crop protection products were 14% higher at $10.2 billion and...
http://www.chemweek.com/home/top_of_the_news/Syngentas-Net-Income-and-Sales-Rise-Benefiting-from-Integration_41078.html
February 8, 2012
Hunstman Corp. has appointed Jon Huntsman Jr. to its board effective February 1. Huntsman Jr. previously served as vice chairman and executive committee member of Huntsman between 1993...
http://www.chemweek.com/home/top_of_the_news/Huntsman-Appoints-Jon-Hunstman-Jr-to-Board_41032.html
February 8, 2012
Agrium today reported fourth-quarter net earnings of $193 million, or $1.20/share, up 43% from the year-ago period. Excluding a $134 million loss from discontinued operations...
http://www.chemweek.com/home/top_of_the_news/Agrium-Earnings-Rise-43-percent_41093.html
February 8, 2012
Mexichem (Tlalnepantla, Mexico) says it has agreed to acquire 100% of Wavin (Zwolle, the Netherlands) for approximately €531 million ($704 million). Mexichem intends to make a...
http://www.chemweek.com/home/top_of_the_news/Mexichem-Acquires-Wavin-to-Create-Global-Leader-in-PVC-Pipe-Systems_41084.html
February 8, 2012
Indorama Ventures (Bangkok) says it will acquire the chemical assets of Old World Industries (Northbrook, IL), including its production facility located at Clear Lake, TX, for $795 million. Old World will retain its consumer products division, including Peak antifreeze. As part of the purchase agreement, Old World will enter into a long-term glycol supply contract with Indorama for its antifreeze production in the U.S....
http://www.chemweek.com/home/top_of_the_news/Indorama-to-Acquire-Old-Worlds-Chemical-Assets-for-$795-Million-updated_41050.html
February 8, 2012
Teijin today announced strategies for growth over the next few years, which includes a mid-term business plan for until the fiscal year ending March 31, 2017 and a long-term plan for...
http://www.chemweek.com/home/top_of_the_news/Teijin-Announces-New-Business-Plan_41080.html
February 8, 2012
Rusal (Moscow), the global leading producer of aluminum, and fertilizer producer PhosAgro today announced an agreement for the supply of increased quantities of aluminum fluoride by...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-and-Russian-Aluminum-Maker-Sign-Aluminum-Fluoride-Supply-Deal_41079.html
February 8, 2012
Cambrex (East Rutherford, NJ) reported an 84% fall in net profits for the fourth quarter ended December 31, 2011, compared with the year-ago quarter, to $741,000. Net sales for the...
http://www.chemweek.com/home/top_of_the_news/Cambrex-Reports-Fall-in-Fourth-Quarter-Profits_41077.html
February 7, 2012
Yara (Oslo),  the global fertilizer major, today reported strong fourth-quarter results, reflecting “good farm profitability and improved margins."  It also said...
http://www.chemweek.com/home/top_of_the_news/Yara-Reports-Strong-Fourth-Quarter-Results-on-Good-Farm-Profitability-and-Margins_41053.html
February 7, 2012
BP says that earnings on a replacement cost basis, before interest and taxes, for its petrochemical business in the fourth quarter of 2011 were $96 million, 60% lower than the $243...
http://www.chemweek.com/home/top_of_the_news/BP-Reports-60-percent-Decrease-in-Petrochemical-Earnings_41064.html
February 7, 2012
Air Liquide said today that it will invest €40 million in a new air separation unit (ASU) in South Africa. This follows the signing of a long-term contract with Evraz...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-Invests-&euro40-Million-in-Air-Separation-Unit-in-South-Africa_41029.html
February 7, 2012
Jacobs Engineering says it has received a contract from Methanex, the world's leading supplier of methanol, to provide engineering services for a planned methanol production facility...
http://www.chemweek.com/home/top_of_the_news/Jacobs-Awarded-Contract-for-Methanex-Plant-Relocation_41059.html
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