IHS Chemical Week

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August 19, 2014
 Grupa Azoty (Tarnów), Poland’s leading chemical enterprise reports a major decline in second quarter net profit and Ebitda. Net profit fell to 86 million Polish...
http://www.chemweek.com/home/top_of_the_news/Grupa-Azoty-reports-lower-sales-and-earnings-placed-on-Polands-strategic-enterprises-list_63288.html
August 19, 2014
Sika (Baar, Switzerland) says that it has expanded its presence in Asia/Pacific with a Sri Lanka subsidiary at Colombo. The subsidiary supplies a range of products to the construction...
http://www.chemweek.com/home/top_of_the_news/Sika-establishes-subsidiary-in-Sri-Lanka-builds-production-units_63286.html
August 19, 2014
CW has learned that Jean-Pierre Clamadieu, CEO of Solvay, will be elected as the next president of Cefic on 17 October at the Cefic General Assembly at Paris. Clamadieu will succeed...
http://www.chemweek.com/home/top_of_the_news/Solvays-Clamadieu-to-be-next-president-of-Cefic_63284.html
August 19, 2014
Técnicas Reunidas (Madrid) has detailed its $1.5-billion contract it received from a Petronas (Kuala Lumpur) refinery and cracker subsidiary for the Refinery and Petrochemicals...
http://www.chemweek.com/home/top_of_the_news/Tecnicas-Reunidas-details-Rapid-contract-in-Malaysia_63285.html
August 19, 2014
Mitsubishi Corp. (Tokyo), Mitsubishi Heavy Industries (MHI; Tokyo), and Turkish construction firm Gap Insaat (Istanbul) will build a large-scale fertilizer manufacturing complex for...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Corp-MHI-and-Turkish-firm-awarded-contracts-for-largest-fertilizer-plant-in-Turkmenistan_63283.html
August 19, 2014
Westlake Chemical Partners has elected Gary Adams and Max Lukens to its board of directors. Adams in 1997 became president of consulting group CMAI and led its global operations. In...
http://www.chemweek.com/home/top_of_the_news/Westlake-Chemical-Partners-appoints-new-board-members_63282.html
August 18, 2014
Sahara Petrochemicals today declared an emergency shutdown at its Al Waha Petrochemical subsidiary at Al Jubail, a producer of propylene and polypropylene (PP). The company cites...
http://www.chemweek.com/home/top_of_the_news/Sahara-declares-emergency-shutdown-at-polypropylene-complex_63261.html
August 18, 2014
BHP Billiton (Melbourne) has confirmed that, as part of a plan to simplify its portfolio, it is favoring demerging noncore assets to concentrate on the iron ore, copper, coal, and...
http://www.chemweek.com/home/top_of_the_news/BHP-Billiton-confirms-demerger-plans_63259.html
August 18, 2014
Mexichem (Tlanelpantla, Mexico) has reached an agreement to acquire Dura-Line (Knoxville, TN) from private equity firm CHS Capital (Chicago) for $630 millon in cash and assumed...
http://www.chemweek.com/home/top_of_the_news/Mexichem-acquires-US-based-HDPE-conduit-and-pipe-producer-for-$630-million_63271.html
August 18, 2014
Brazil's chemical trade deficit amounted to $17.2 billion in the first seven months of the year, down of 3.4% year-on-year (YOY), according to the latest figures published by Abiquim...
http://www.chemweek.com/home/top_of_the_news/Brazils-chemical-trade-deficit-decreases-more-than-3-percent_63268.html
August 18, 2014
PhosAgro (Moscow), Europe’s largest producer of phosphate fertilizers and the world’s largest producer of high-grade phosphate rock, has begun squeezing out all shares...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-begins-squeeze-out-at-subsidiary_63266.html
August 18, 2014
Samsung SDI (Seoul) broke ground today on its electric car battery production plant at Xian, China. The new factory will produce 40,000 units of battery cells annually and will begin...
http://www.chemweek.com/home/top_of_the_news/Samsung-SDI-breaks-ground-on-electric-car-battery-plant-in-China_63264.html
August 18, 2014
Hanwha Chemical (Seoul) is acquiring a 50.71% stake in KPX Fine Chemical (Yeosu, South Korea) for 42 billion South Korean won ($40.8 million). The transaction is expected to close by 1...
http://www.chemweek.com/home/top_of_the_news/Hanwha-Chemical-acquires-majority-stake-in-TDI-producer-KPX_63263.html
August 17, 2014
EuroChem (Moscow), Russia’s leading fertilizer producer and one of the largest global players, reports a 3% increase in second-quarter sales to 46.9 billion Russian ruble ($1.34...
http://www.chemweek.com/home/top_of_the_news/EuroChem-reports-higher-fertilizer-sales-benefits-from-competitive-gas-prices_63260.html
August 15, 2014

Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings with SEC on 14 August. Third Point also reports new stakes in DSM and FMC. Jana Partners joined Third Point with a new FMC stake in the second quarter. 

...

http://www.chemweek.com/home/top_of_the_news/Third-Point-reports-1-8-percent-Dow-holding-Third-Point-Jana-take-stake-in-FMC_63234.html
August 15, 2014
Sabic has announced that it is going ahead with majorly upgrading its olefins plant at Wilton, UK, to enable it to use ethane gas feedstock imported from the United States. The company...
http://www.chemweek.com/home/top_of_the_news/Sabic-proceeds-with-converting-UK-cracker-to-use-US-ethane_63232.html
August 14, 2014
Clariant will increase ether amines production at the company's Suzano, Brazil facility, the company announced today. The "multimillion Swiss franc" capacity expansion will...
http://www.chemweek.com/home/top_of_the_news/Clariant-to-expand-ether-amines-capacity-in-Brazil-doubling-worldwide-production_63191.html
August 14, 2014
Novozymes (Bagsvaerd, Denmark) reported a net profit of 591 million Danish kronor ($105.9 million) in the second quarter of the year, up 6.3% year-on-year (YOY). Ebit also grew by more...
http://www.chemweek.com/home/top_of_the_news/Novozymes-net-profit-grows-more-than-6-percent-upgrades-earnings-outlook_63186.html
August 14, 2014
Apple announced today that it will ban the use of benzene and n-hexane in the final assembly of its electronics as part of a renewed effort to eliminate unsafe work conditions since...
http://www.chemweek.com/home/top_of_the_news/Apple-bans-benzene-and-n-hexane-from-final-product-assembly_63187.html
August 14, 2014
Potash and magnesium products producer K+S (Kassel, Germany) today reported a 23.4% decline in second-quarter net profit, to €81.1 million ($108.4 million), on sales 10% down, to...
http://www.chemweek.com/home/top_of_the_news/K+S-reports-lower-sales-and-earnings-expects-full-year-revenues-to-decline_63178.html
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