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February 27, 2015
Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting...
http://www.chemweek.com/home/top_of_the_news/Sika-reports-record-year-2014-sales-grow-8-percent-to-$5-9-billion-Ebit-leaps-21-percent_68179.html
February 27, 2015
BASF today reported fourth-quarter sales of €18.0 billion ($20.2 billion) almost matching the previous year’s level of €18.1 billion. Earnings before interest and tax...
http://www.chemweek.com/home/top_of_the_news/BASF-reports-higher-earnings-on-flat-sales-will-reduce-capital-expenditure-this-year_68176.html
February 27, 2015
International Flavors & Fragrances (IFF), a creator of flavors and fragrances for consumer products, says that it has expanded its flavors facility at Isando, South Africa. The new...
http://www.chemweek.com/home/top_of_the_news/IFF-expands-flavors-facility-in-South-Africa_68173.html
February 27, 2015
Ecolab says that its board of directors has appointed Tracy McKibben to the Ecolab board. McKibben is founder and president of MAC Energy Advisors, a consulting company that assists...
http://www.chemweek.com/home/top_of_the_news/Ecolab-appoints-new-board-member_68175.html
February 26, 2015
Market sources say that units at multiple US east coast refineries have restarted after operational issues this week and late last week due to cold regional temperatures.  ...
http://www.chemweek.com/home/top_of_the_news/Some-US-east-coast-refineries-restart-after-cold-weather_68135.html
February 26, 2015
Ecolab today reported fourth-quarter net income up 17% year-on-year (YOY), to $335.5 million, on net sales up 3%, to $3.68 billion. Adjusted earnings totaled $1.20/share, matching...
http://www.chemweek.com/home/top_of_the_news/Ecolab-earnings-match-estimates-on-higher-sales_68042.html
February 26, 2015
JSR Corp. along with CMIC Holdings Co. (Tokyo) and Innovation Network Corporation of Japan (INCJ), announced today that they have agreed to acquire KBI Biopharma, a biopharmaceutical...
http://www.chemweek.com/home/top_of_the_news/JSR-Corp-acquires-contract-manufacturing-group-KBI-Biopharma_68118.html
February 26, 2015
Mexichem (Tlalnepantla, Mexico) today reported a $27-million net loss for the fourth quarter of 2014 compared with a net loss of $8 million in the corresponding quarter of 2013...
http://www.chemweek.com/home/top_of_the_news/Mexichems-net-loss-widens-despite-higher-sales_68116.html
February 26, 2015
Solvay today reported net income of €158 million ($179.4 million) during the last quarter of 2014, up from €29 million one year earlier. Recurring Ebitda (Rebitda) was...
http://www.chemweek.com/home/top_of_the_news/Solvays-net-profit-soars-but-functional-polymers-sales-shrink_68113.html
February 26, 2015
Singapore’s chemicals cluster output slipped 0.5% YOY in January, the country's Economic Development Board (EDB) said today. However, the country’s overall manufacturing...
http://www.chemweek.com/home/top_of_the_news/Singapores-chemicals-output-slips-on-lower-petchems-production_68109.html
February 26, 2015
Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On...
http://www.chemweek.com/home/top_of_the_news/Axiall-Lotte-delay-decision-on-Louisiana-cracker-project_68095.html
February 26, 2015
The United Steelworkers (USW; Pittsburgh) union and the North America’s Building Trades Unions (NABTU; Washington) issued a joint statement on 25 February, clarifying what the...
http://www.chemweek.com/home/top_of_the_news/USW-NABTU-unions-clarify-labor-negotiations-during-refinery-strike_68102.html
February 26, 2015
Mitsubishi Gas Chemical (MGC) says that it will increase its stake in foamed plastics firm JSP Corp. (Tokyo) from 42% to about 51%, through a tender offer. JSP, which was established...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Gas-Chemical-to-increase-stake-in-foamed-plastics-firm-JSP_68114.html
February 26, 2015
Ferro says that it has acquired privately held TherMark Holdings (Irvine, CA), a leader in laser marking technology, for $5.5 million in cash. TherMark, which was founded in 1996, is...
http://www.chemweek.com/home/top_of_the_news/Ferro-acquires-laser-marking-technology-provider-TherMark_68112.html
February 26, 2015
Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects...
http://www.chemweek.com/home/top_of_the_news/Bayer-reports-improved-results-will-decide-on-either-a-spinoff-or-IPO-of-MaterialScience_68107.html
February 25, 2015
The German chemical marked a year of ups and downs in 2014 with a weak quarter, chemical industry trade association VCI (Frankfurt) says in its latest summary. Sales for the full year...
http://www.chemweek.com/home/top_of_the_news/Germanys-chemical-industry-closes-2014-on-weak-note-production-expected-to-grow-1-5-percent-in-2015_68070.html
February 25, 2015
Kraton Performance Polymers reports a loss for the fourth quarter $17.4 million  compared with net profit of $4.9 million in the same year-ago quarter on inventory revaluation. Sales totaled $276 million, down 4.9% YOY on currency effects, the company says. Adjusted earnings of 16 cts/share beat the analysts’ consensus estimate of a 4-ct/share loss, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Kraton-swings-to-loss-but-beats-analyst-estimates_68080.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/home/top_of_the_news/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68075.html
February 25, 2015
Deinove (Montpelier, France), a biotech company that develops innovative processes to produce biofuels and biobased chemicals by using Deinococcus bacteria as host strains, today...
http://www.chemweek.com/home/top_of_the_news/Deinove-granted-patent-in-the-US-for-second-generation-bioethanol-production-process_68076.html
February 25, 2015
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, announced today that its board of directors on...
http://www.chemweek.com/home/top_of_the_news/Petro-Rabigh-plans-a-50-day-shutdown-of-all-facilities-for-turnaround_68074.html
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