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February 10, 2016
FMC today reported a fourth-quarter net loss of $204 million, compared with a profit of $77 million in the year-ago quarter, mostly due to restructuring charges. Revenues fell 1%...
http://www.chemweek.com/home/top_of_the_news/FMC-beats-estimates-as-cost-cuts-offset-ag-weakness_77080.html
February 10, 2016
AkzoNobel has achieved its full-year 2015 profitability targets following a restructuring that began more than three years ago. However, the company’s fourth-quarter 2015...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-achieves-2015-targets-fourth-quarter-earnings-miss-estimates_77054.html
February 10, 2016
Evonik Industries plans to build a production line for special nylon-12 powders at its Marl, Germany, site. The investment will be in the mid double-digit million euro range, the...
http://www.chemweek.com/home/top_of_the_news/Evonik-to-build-nylon-12-powder-line-at-Germany-site-increasing-capacity-50-percent_77050.html
February 10, 2016
Indo Rama Synthetics (India) (Gurgaon), a major local producer of polyester, on Wednesday announced a return to profit in the third quarter of fiscal 2016 ending 31 December 2015. Net...
http://www.chemweek.com/home/top_of_the_news/Indo-Rama-Synthetics-India-swings-to-profit_77051.html
February 10, 2016
Victrex (Thornton Cleveleys, UK), the leading producer of poletheretherketone (PEEK) on Wednesday released its first quarter management statement, ahead of its annual general meeting...
http://www.chemweek.com/home/top_of_the_news/Victrex-reports-soft-first-quarter-expects-stronger-second-half_77048.html
February 10, 2016
Technology group Axens (Rueil-Malmaison, France) on Wednesday announced that it has been selected by Hengli Petrochemical Co. to supply process technology for its petrochemical complex...
http://www.chemweek.com/home/top_of_the_news/Axens-to-supply-first-crude-oil-to-para-xylene-complex-to-China_77047.html
February 10, 2016
The petrochemical business of Gail India (New Delhi), a natural gas company, reports a 41.5% decrease in sales in the fiscal third quarter, ended 31 December 2015, compared with the...
http://www.chemweek.com/home/top_of_the_news/Gails-petrochemical-business-reports-huge-fall-in-sales_77045.html
February 10, 2016
Monsanto has agreed to pay an $80-million civil penalty over charges that it violated accounting rules and misstated 2009-2011 earnings when it failed to properly account for millions...
http://www.chemweek.com/home/top_of_the_news/Monsanto-to-pay-$80-million-to-settle-SEC-accounting-charges_77040.html
February 9, 2016
Celanese (Dallas) says its board of directors has taken steps to open up the nomination of directors and propose a transition to annual board elections, initiatives that will give shareholders greater influence over the company's governance....
http://www.chemweek.com/home/top_of_the_news/Celanese-board-undertakes-governance-initiatives_77042.html
February 9, 2016
Israel Chemicals Ltd.'s (ICL; Tel Aviv) fourth-quarter 2015 net income was $96 million, up from $86 million one year earlier, mainly due to higher prices in the bromine value chain and...
http://www.chemweek.com/home/top_of_the_news/ICLs-net-income-up-on-higher-prices-operational-improvements_77026.html
February 9, 2016
LyondellBasell has hired Fluor to do front-end engineering and design (FEED) for a planned propylene oxide (PO) and tert-butyl alcohol (TBA) plant at Channelview, TX, and a downstream ethers plant at LyondellBasell’s Bayport Choate site in Pasadena, TX. Fluor expects to complete the work this year....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-hires-Fluor-for-US-Gulf-PO-TBA-project_77028.html
February 9, 2016
Kuwait Styrene Co. (Kuwait City), a joint venture between Kuwait Aromatics Co. and Dow Chemical and the only producer of styrene in Kuwait, on Tuesday announced a 23% decline in 2015...
http://www.chemweek.com/home/top_of_the_news/Kuwait-Styrenes-profit-dives-on-price-decline-turnaround_77025.html
February 9, 2016
BASF has signed an exclusive distribution agreement with Nexeo Solutions (The Woodland, TX), a privately owned chemical distributor, for the distribution of certain specialty...
http://www.chemweek.com/home/top_of_the_news/BASF-signs-specialty-solvents-distribution-agreement-with-Nexeo-Solutions-in-the-US-and-Canada_77024.html
February 9, 2016
Sika announced on Tuesday that it has opened two new concrete admixtures plants in Southeast Asia, one in Myanmar, the other in Cambodia. The investment forms part of Sika strategy...
http://www.chemweek.com/home/top_of_the_news/Sika-opens-concrete-admixtures-plants-in-Myanmar-and-Cambodia_77023.html
February 9, 2016
Asahi Kasei Corp. announced on Tuesday that Toshio Asano, 63, will step down as president in the wake of a piling data falsification scandal involving the company’s...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-president-steps-down-over-construction-subsidiary-scandal_77022.html
February 9, 2016
Paint company Tikkurila (Helsinki) has announced fourth-quarter 2015 sales of €103.4 million ($115.3 million), compared with sales of €104.4 million, a decrease of 0.9%...
http://www.chemweek.com/home/top_of_the_news/Tikkurilas-sales-profit-fall-on-market-challenges_77020.html
February 9, 2016
Air Liquide announced on Tuesday that its subsidiary, Cryo International, which specializes in temperature-controlled logistics, has acquired PDP Couriers (Feltham, UK), a major player...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-acquires-pharma-logistics-company_77021.html
February 9, 2016
Fluor has announced that the Cutbank Ridge Partnership, a tie-up between Mitsubishi Corp., and Encana Corp. involved in the long-term development of natural gas resources in Northeast...
http://www.chemweek.com/home/top_of_the_news/Fluor-awarded-gas-plant-contract-in-Canada_77019.html
February 9, 2016
Toray Industries reports a 21.8% increase in net profits for its fiscal first nine months, ended 31 December 2015, compared with the year-ago period, to ¥76.17 billion ($663...
http://www.chemweek.com/home/top_of_the_news/Toray-reports-higher-profits-and-sales_77018.html
February 8, 2016
LyondellBasell says it has completed the sale of Petroken Petroquimica Ensenada (Petroken; Buenos Aires), a producer of polypropylene, to Grupo Inversor Petroquímica (GIP; Madrid) for $184 million....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-completes-sale-of-Petroken-for-$184-million_76987.html
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