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August 14, 2015
Plastic additives producer Songwon Industrial (Ulsan, South Korea) has posted huge increases in profits for the second quarter on higher selling prices and lower feedstock costs. Net...
http://www.chemweek.com/home/top_of_the_news/Songwons-profits-surge-on-higher-prices-cheaper-raw-materials_72993.html
August 14, 2015
Specialty chemicals and food ingredients distributor IMCD (Rotterdam) says that its net profit before amortization and nonrecurring items almost tripled year-on-year (YOY) in the...
http://www.chemweek.com/home/top_of_the_news/Distributor-IMCD-posts-higher-earnings-sales_72990.html
August 14, 2015
The State Council, China's cabinet, on Friday issued an emergency notice asking governments at all levels in the country to strengthen the safety management of hazardous chemicals and...
http://www.chemweek.com/home/top_of_the_news/China-to-examine-handling-of-hazardous-chemicals-following-Tianjin-explosions-death-toll-rises_72989.html
August 14, 2015
The impact of this week's surprise devaluation of the Chinese currency, the yuan, varies between companies selling to China or buying from China. For China's petrochemical industry...
http://www.chemweek.com/home/top_of_the_news/Yuan-devaluation-Chinas-petchem-industry-faces-feedstock-cost-hike-overseas-exporters-braced-for-softer-demand_72995.html
August 14, 2015
Indo Rama Synthetics (Gurgaon, India) on Friday reported a major drop in first-quarter revenues and profits, citing the continuous fall in global crude oil prices with a knock-on...
http://www.chemweek.com/home/top_of_the_news/Low-prices-hurt-Indo-Rama-Synthetics-results_72987.html
August 14, 2015
China's Ministry of Commerce (Mofcom; Beijing) says that it began, on 10 August, a final review of antidumping measures on purified terephthalic acid (PTA) imported from South Korea...
http://www.chemweek.com/home/top_of_the_news/China-reviews-antidumping-measures-on-PTA-from-South-Korea-and-Thailand_72986.html
August 13, 2015
The impact of the explosions on Wednesday night in a warehouse storing hazardous chemicals, at Tianjin, China, on the chemicals supply chain in the country is expected to be minor...
http://www.chemweek.com/home/top_of_the_news/IHS-Impact-of-explosions-at-Tianjin-on-chemicals-supply-chain-in-China-will-be-minor_72985.html
August 13, 2015
The death toll following massive explosions last night in a warehouse storing hazardous chemicals, at Tianjin, China, has risen to at least 50, the official Xinhua press agency says...
http://www.chemweek.com/home/top_of_the_news/Death-toll-rises-following-explosions-at-Tianjin-update-adds-comments-on-hazardous-chemicals_72914.html
August 13, 2015
Marco Polo Industrial Holding (Milan), established by China National Chemical Corp. (ChemChina; Beijing) and Camfin (Milan), has launched a mandatory tender offer to acquire the...
http://www.chemweek.com/home/top_of_the_news/ChemChina-launches-mandatory-tender-offer-for-remaining-shares-in-Pirelli_72922.html
August 13, 2015
Haldor Topsoe (Lyngby, Denmark) on Thursday reported group sales of 2.83 billion Danish krone ($422.0 million), in the first six months of the year, an increase of 5% but a decline of...
http://www.chemweek.com/home/top_of_the_news/Haldor-Topsoe-announces-layoffs-as-profits-fall_72923.html
August 13, 2015
A fire broke out today at Unipetrol's (Prague) steam cracker at Livitnov, Czech Republic, the company says in a statement. Unipetrol did not offer details explaining the cause of the...
http://www.chemweek.com/home/top_of_the_news/Fire-breaks-out-at-Unipetrol-ethylene-unit_72921.html
August 13, 2015
Borealis (Vienna), Europe’s second-largest polyolefins producer and a growing player in fertilizers, on Thursday announced a more than doubling in second-quarter net profits, on...
http://www.chemweek.com/home/top_of_the_news/Borealis-expects-best-year-in-history-economics-for-US-sales-into-Europe-have-changed_72920.html
August 13, 2015
K+S Group's (Kassel, Germany) quarter-two net income was up more than 44%% year-on-year (YOY), to €153.3 million ($170.4 million), the improvement in earnings due primarily to...
http://www.chemweek.com/home/top_of_the_news/K+S-net-income-soars-on-exchange-rates-higher-sales-confirms-outlook_72917.html
August 13, 2015
The supervisory board of Bayer MaterialScience, soon-to-be-known as Covestro, has named the members of the future Covestro board of management effective 1 September 2015. Patrick...
http://www.chemweek.com/home/top_of_the_news/Bayer-names-board-members-of-Covestro_72918.html
August 13, 2015
The UK government is taking powers to bypass local councils on fracking applications, in an effort to kick-start the country’s shale gas industry. Under controversial plans...
http://www.chemweek.com/home/top_of_the_news/UK-government-to-bypass-local-authorities-to-kick-start-shale-gas-industry_72915.html
August 12, 2015
International Chemical Investors Group (ICIG; Frankfurt) has announced the completion of its acquisition of certain chlorvinyls assets from Inovyn, the polyvinyl chloride (PVC) joint...
http://www.chemweek.com/home/top_of_the_news/ICIG-completes-acquisition-of-Vynova-appoints-new-management-team_72674.html
August 12, 2015
BASF says that its BASF Chemcat Thailand (Pluakdaeng, Thailand) subsidiary is investing to expand its production capacity for mobile emissions catalysts. BASF Chemcat Thailand is a...
http://www.chemweek.com/home/top_of_the_news/BASF-expands-mobile-emissions-catalysts-manufacturing-facility-in-Thailand_72870.html
August 12, 2015
BASF said on Tuesday that it is investing in expanding chelating agents production facilities at Ludwigshafen in response to rapidly growing demand, particularly for biodegradable...
http://www.chemweek.com/home/top_of_the_news/BASF-expands-chelating-agents-capacity-in-Germany_72863.html
August 12, 2015
Nova Chemicals reports profit of $148 million for the second quarter, down 11% year-over-year (YOY), on sales of $983 million, down 24% YOY. The company says lower selling prices for all products more than offset higher sales volumes for ethylene and polyethylene—and lower feedstock costs—and operating profits increased in olefins-polyolefins as well as expandable styrenics....
http://www.chemweek.com/home/top_of_the_news/Nova-profits-fall-on-lower-selling-prices_72895.html
August 12, 2015
BASF on Wednesday inaugurated its previously announced resin and electrocoat plant at the Shanghai Chemical Industry Park (SCIP) at Caojing, China. The plant will create...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-resin-plant-at-Shanghai_72889.html
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