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May 6, 2015
Solvay reports adjusted net income of €173 million ($196.4 million), up 44% year-on-year (YOY) in the first quarter of 2015. Recurring Ebitda (Rebitda) was €502 million, up...
http://www.chemweek.com/home/top_of_the_news/Solvays-first-quarter-net-income-up-44-percent-YOY_70116.html
May 6, 2015
Evonik Industries says today it started 2015 with a “strong performance,” generating one of its best quarterly results since 2009 on strong performance in the nutrition and...
http://www.chemweek.com/home/top_of_the_news/Evonik-reports-54-percent-increase-in-net-income_70115.html
May 6, 2015
Airgas says that it has opened a specialty gas facility at Tooele, UT. The facility will provide a critical link in the supply chain for high-purity and precision-blended specialty...
http://www.chemweek.com/home/top_of_the_news/Airgas-opens-specialty-gas-facility-in-Utah_70114.html
May 6, 2015
Trinseo reports first-quarter net income more than doubled year-on-year (YOY), to $38 million. Adjusted earnings of 80 cts/share were 50.9% higher YOY but narrowly missed an 81...
http://www.chemweek.com/home/top_of_the_news/Trinseo-adjusted-profits-up-51-percent_70127.html
May 6, 2015
Axiall reports a first quarter net loss of $10.6 million, up slightly from a loss of $11.6 million in the year-ago period. Sales fell 5% year-over-year (YOY) to $947.6 million on declines in chlorovinyls and aromatics. Adjusted earnings totaled a loss of 5 cts/share, missing the analysts’ consensus estimate of 0 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Axiall-misses-first-quarter-estimates-with-$10-6-million-loss_70119.html
May 6, 2015
OxyChem, the chemical business of Occidental Petroleum, turned in pre-tax core earnings of $139 million in the first quarter, up 2% year-over-year (YOY). Occidental attributes the gain to lower ethylene and natural gas costs, offset primarily by lower caustic soda sales volumes. OxyChem sales fell 18% YOY to $1 billion....
http://www.chemweek.com/home/top_of_the_news/OxyChem-earnings-up-2-percent-YOY-on-lower-costs_70124.html
May 6, 2015
BASF on Wednesday inaugurated its new Ultramid nylon-6 and -6,6 polymerization plant at the Shanghai Chemical Industry Park at Caojing, near Shanghai. The new plant, with a capacity of...
http://www.chemweek.com/home/top_of_the_news/BASF-inaugurates-large-nylon-polymerization-plant-in-China_70111.html
May 6, 2015
Momentive Performance Materials says that Erick Asmussen will become its senior v.p. and CFO on 26 May. As a result of the appointment, Brian Berger will resign the position of interim...
http://www.chemweek.com/home/top_of_the_news/Momentive-appoints-new-CFO_70110.html
May 6, 2015
Arkema on Wednesday reported Ebitda increased 18%, to €237 million ($266.3 million), on sales, including a contribution from recently acquired Bostik, up 23%, to €1.87...
http://www.chemweek.com/home/top_of_the_news/Arkema-reports-higher-first-quarter-sales-Ebitda-net-income-declines_70109.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/home/top_of_the_news/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
May 5, 2015
Bayer MaterialScience said on Wednesday that it has appointed Steffan Huber as president Greater China, effective 1 April, 2015, in a move to speed up shaping the future of the...
http://www.chemweek.com/home/top_of_the_news/Bayer-MaterialScience-appoints-Greater-China-president_70108.html
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
http://www.chemweek.com/home/top_of_the_news/Proposed-IRS-ruling-threatens-cracker-MLPs_70105.html
May 5, 2015
Borealis on Tuesday announced the appointment of Anja Krusel as v.p./group controlling, effective 1 May 2015. She succeeds executive board member Mark Tonkens, who became CFO on 1...
http://www.chemweek.com/home/top_of_the_news/Borealis-taps-Microsoft-for-new-financial-post_70084.html
May 5, 2015
Bayer CropScience on Tuesday announced a strategic innovation partnership with Flagship Ventures, a leading venture capital and venture-creation firm. The partnership also includes an...
http://www.chemweek.com/home/top_of_the_news/Bayer-CropScience-forms-innovation-partnership-with-venture-capital-firm-Flagship-Ventures_70082.html
May 5, 2015
Solvay says that it has completed the previously announced sale of its Germany-based refrigerant activities and pharma propellants to Daikin Industries (Osaka), since its newly...
http://www.chemweek.com/home/top_of_the_news/Solvay-completes-divestment-of-refrigerant-activities-in-Germany-to-Daikin_70080.html
May 5, 2015
Signing of the collaboration agreement at CPCIF headquarters in Beijing. China Petroleum and Chemical Industry Federation (CPCIF; Beijing)—an umbrella organization composed of...
http://www.chemweek.com/home/top_of_the_news/Chinese-chemical-industry-association-and-IHS-sign-collaboration-agreement_70079.html
May 5, 2015
Agricultural chemical firm Nufarm (Melbourne) says that its board of directors today appointed COO and acting CEO Greg Hunt as the company's new managing director and CEO. Hunt was...
http://www.chemweek.com/home/top_of_the_news/Nufarm-appoints-CEO_70078.html
May 5, 2015
BASF says that Sanjeev Gandhi, member of the company’s board of executive directors, took over the responsibility for BASF’s operations in Asia/Pacific on 1 May. In this...
http://www.chemweek.com/home/top_of_the_news/BASF-appoints-board-member-head-of-Asia-operations_70076.html
May 5, 2015
Jacobs Engineering says that it has been awarded an engineering, procurement and construction management (EPCM) contract for the previously announced expansion at Huntsman’s...
http://www.chemweek.com/home/top_of_the_news/Jacobs-awarded-contract-for-Huntsmans-polyetheramine-capacity-expansion-project-in-Singapore_70087.html
May 5, 2015
Amin Nasser: Saudi Aramco career veteran named CEO.  Saudi Aramco has confirmed that Khalid Al Falih has been appointed chairman of the company, and it has announced...
http://www.chemweek.com/home/top_of_the_news/Aramco-names-new-CEO-to-be-separated-from-oil-ministry-in-major-shakeup_70040.html
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