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Displaying 1 - 20 of 10022 stories.
October 24, 2014
Weak chlor-alkali demand continues to take a toll on Olin’s quarterly results, but the company expects improvement in the fourth quarter. Olin reports third-quarter net income of $26 million, down 63% year-over-year (YOY) from $70 million. Sales totaled $594 million, down 11% YOY from $671 million. Adjusted earnings per share of 42 cents equaled the analysts’ consensus estimate reported by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Olin-third-quarter-earnings-fall-63-percent-on-continued-weak-chlor-alkali_64790.html
October 24, 2014
Songwon Industrial (Ulsan, South Korea) and its distributor United Trading System (UTS; Saint Petersburg, Russia) have signed a long-term cooperation agreement to supply Sibur (Moscow)...
http://www.chemweek.com/home/top_of_the_news/Songwon-signs-deal-with-Sibur-to-supply-additives-used-to-produce-polymers_64776.html
October 24, 2014
Hikma Pharmaceuticals (London) says it received a warning letter from the FDA on Thursday concerning its plant in Portugal. This letter follows an inspection of the facility in March...
http://www.chemweek.com/home/top_of_the_news/FDA-issues-warning-letter-for-Hikma-Pharmaceuticals-plant-in-Portugal_64779.html
October 24, 2014
Siegfried (Zofingen, Switzerland), a producer of active pharmaceutical ingredients (APIs), pharma intermediates, and finished drugs, says that it has received operating approval from...
http://www.chemweek.com/home/top_of_the_news/Siegfried-API-plant-at-Nantong-receives-operating-approval_64781.html
October 24, 2014
AkzoNobel says it has started operations at its previously announced new vehicle refinishes plant at Changzhou, China. Plans to build the plant were announced in 2011. The plant adds...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-opens-vehicle-refinishes-plant-in-China_64777.html
October 24, 2014
Dahai Yu, former board member of Evonik Industries, has joined private equity group Advent International as an operating partner. Yu lost his job at Evonik last year when the company...
http://www.chemweek.com/home/top_of_the_news/Former-Evonik-board-member-becomes-operating-partner-at-Advent-International_64775.html
October 24, 2014
Potash producer Uralkali (Berezniki, Russia) says that its board of directors, in a meeting on 23 October, approved the appointment of Anton Vishanenko as CFO of Uralkali and a member...
http://www.chemweek.com/home/top_of_the_news/Uralkali-confirms-appointment-of-CFO_64773.html
October 24, 2014
Germany’s chemical industry trade association VCI (Frankfurt) says that the target of a 40% reduction in greenhouse gas emissions agreed by European leaders is “highly...
http://www.chemweek.com/home/top_of_the_news/VCI-Highly-ambitious-climate-targets-will-result-in-weaker-growth-reduced-competitiveness_64783.html
October 24, 2014
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets...
http://www.chemweek.com/home/top_of_the_news/P-xylene-prices-fall-in-Europe-on-the-back-of-softer-Asian-prices-weaker-energy-markets_64788.html
October 24, 2014
The US Environmental Protection Agency (EPA) has proposed to remove 72 chemicals from its list of substances approved for use as inert ingredients in pesticide products. The move is in...
http://www.chemweek.com/home/top_of_the_news/EPA-proposes-to-remove-72-chemicals-from-approved-pesticide-inert-ingredient-list_64785.html
October 24, 2014
The American Chemistry Council (ACC) today released its monthly global chemical production index (Global CPRI), with the CPRI rising 0.1% over September on a three-month moving average...
http://www.chemweek.com/home/top_of_the_news/ACC-Global-CPRI-inches-up-production-slows-in-third-quarter_64786.html
October 24, 2014
LyondellBasell reports third-quarter net income of $1.257 billion, up 48% year-over-year (YOY) from $851 million. Sales totaled $12.066 billion, an 8% YOY increase from $11.152 billion. At $2.45, diluted earnings per share were well ahead of the analysts’ consensus estimate of $2.29 reported by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-third-quarter-income-up-48-percent-YOY-on-Americas-olefins-and-polyolefins_64789.html
October 24, 2014
The European Council, the institution of the heads of state or government of the member states of the European Union, has agreed on the 2030 climate and energy policy framework for the...
http://www.chemweek.com/home/top_of_the_news/European-leaders-set-ambitious-climate-energy-targets-for-2030_64780.html
October 24, 2014
Westlake says it will invest over $330 million to expand ethylene capacity at its facility in Lake Charles, LA, by 250 million lbs/year and to make other capital improvements. The company expects to complete the expansion in late 2015 or early 2016....
http://www.chemweek.com/home/top_of_the_news/Westlake-plans-$330-million-ethylene-expansion-improvements-at-Lake-Charles_64738.html
October 24, 2014
Air Liquide has reported that its third-quarter revenue was €3.8 billion ($4.81 billion), up 1% year-on-year (YOY) on a reported basis and 4.3% YOY on a comparable basis...
http://www.chemweek.com/home/top_of_the_news/Air-Liquides-revenue-boosted-by-growth-in-emerging-markets_64778.html
October 24, 2014
BASF today reported a slight increase in third-quarter Ebitda to €2.52 billion ($3.19 billion) compared with €2.49 billion in the year-earlier quarter. Earnings before...
http://www.chemweek.com/home/top_of_the_news/BASF-raises-third-quarter-sales-and-earnings-unlikely-to-achieve-2015-targets_64774.html
October 23, 2014
OxyChem, the chemical segment of Occidental Petroleum, has reported pre-tax earnings for the third quarter of $140 million, down 23% year-on-year from $181 million. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity, as well as lower overall margins resulting from higher ethylene and natural gas costs....
http://www.chemweek.com/home/top_of_the_news/OxyChem-third-quarter-earnings-drop-23-percent-on-lower-prices-higher-costs_64717.html
October 23, 2014
Airgas reports a 6% year-over-year (YOY) increase in sales, to $1.36 billion for the quarter ended 30 September, with acquisitions, gas and rent, and hardgoods contributing to growth...
http://www.chemweek.com/home/top_of_the_news/Airgas-reports-4-percent-earnings-growth_64716.html
October 23, 2014
PotashCorp today reported third quarter net income of $317 million, down 10% year-over-year (YOY). The company says that although potash and nitrogen performance improved YOY, higher...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-third-quarter-earnings-dip-on-lower-offshore-contributions_64715.html
October 23, 2014
Fluor Corp., in a joint venture with Technip, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the Petronas Refinery...
http://www.chemweek.com/home/top_of_the_news/Fluor-and-Technip-awarded-another-Rapid-contract-in-Malaysia_64704.html
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