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August 11, 2015
PotashCorp says that it has closed the previously announced acquisition of a 9.5% stake in Fertilizantes Heringer (Viana, Brazil) and concluded a long-term potash supply agreement with...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-completes-acquisition-of-stake-in-fertilizer-company-in-Brazil_72859.html
August 11, 2015
Cargill says that it has signed an agreement with FMC to acquire its pectin operations, including a production site at Milazzo, Italy. Pectin is a key component of Cargill’s...
http://www.chemweek.com/home/top_of_the_news/Cargill-to-acquire-FMC-pectin-operations_72858.html
August 11, 2015
Potash Ridge (Toronto) on Tuesday announced a transaction to acquire all of the issued and outstanding common shares of privately owned Valleyfield Fertilizer Corp., registered in...
http://www.chemweek.com/home/top_of_the_news/Potash-Ridge-acquires-Valleyfield-Fertilizer_72873.html
August 11, 2015
Jacobs Engineering announced on Tuesday that it was selected by ExxonMobil to perform engineering, procurement and construction management services for its crude flexibility...
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-awards-Texas-refinery-upgrade-contract-to-Jacobs_72868.html
August 11, 2015
Sumitomo Chemical says net profits for its fiscal first quarter, ended 30 June 2015, more than doubled compared with the year-ago period, to ¥33.95 billion ($272 million)...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-reports-higher-profits-flat-sales_72646.html
August 10, 2015
OCI Partners (Nederland, TX) reports second-quarter net income of $13 million, down 68% year-on-year (YOY), on revenues of $80 million, down 29% YOY. A turnaround and expansion of the company’s ammonia and methanol plants, which began during the first quarter, was not completed until 24 April....
http://www.chemweek.com/home/top_of_the_news/OCI-Partners-net-income-down-on-turnaround_72845.html
August 10, 2015
Petronas Chemicals (Kuala Lumpur) reports a 9% rise in profits for the second quarter of 2015 compared with the second quarter of 2014, to 638 million ringgit ($163.5 million), driven...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-rise-in-quarterly-profits_72817.html
August 10, 2015
The customer reference price (CRP) for styrene has been settled in Europe at €1,300/m.t. cfr ($1,434), down €25/m.t. against the CRP for July and flat against last week's fob...
http://www.chemweek.com/home/top_of_the_news/Europe-styrene-CRP-settles-flat-against-barge-contract-for-August_72844.html
August 10, 2015
Northwest Innovation Works (NWIW), a partnership constructing three methanol facilities in the Pacific Northwest, has signed an agreement to use Johnson Matthey’s ultralow...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-to-provide-technology-for-US-mega-methanol-plants_72843.html
August 10, 2015
CVR Partners (Sugar Land, TX) and Rentech Nitrogen Partners (Los Angeles) today announced that they have signed a definitive merger agreement under which CVR Partners will acquire...
http://www.chemweek.com/home/top_of_the_news/CVR-Partners-to-acquire-Rentech-Nitrogen-for-$533-million_72842.html
August 10, 2015
Sibur (Moscow), Russia’s integrated gas processing and petrochemical company, and BASF on Monday announced that they have extended their long-term agreement covering BASF...
http://www.chemweek.com/home/top_of_the_news/Sibur-and-BASF-extend-polymer-additives-supply-agreement_72841.html
August 10, 2015
LyondellBasell Industries says that it has agreed to acquire SJS Plastiblends (Aurangabad, India), a polypropylene (PP) compounds manufacturer. This acquisition will expand...
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-to-acquire-polypropylene-compounds-manufacturer-in-India_72840.html
August 10, 2015
Orpic (Muscat) says bidding is under way for four engineering, procurement, and construction (EPC) packages for its previously announced Liwa plastics project. The complex will consist...
http://www.chemweek.com/home/top_of_the_news/Bidding-in-progress-for-Orpics-EPC-packages_72839.html
August 10, 2015
A consortium of three Indian companies has confirmed that it is seeking to invest in an ammonia-urea manufacturing complex in Iran. The project is expected to cost $783 million and...
http://www.chemweek.com/home/top_of_the_news/Indian-companies-confirm-interest-in-building-urea-complex-in-Iran_72838.html
August 10, 2015
K+S (Kassel, Germany) said on Friday that PotashCorp has again sent an unsolicited letter to its management and supervisory boards of K+S proposing a “business combination...
http://www.chemweek.com/home/top_of_the_news/K+S-shareholders-back-boards-rejection-of-unchanged-PotashCorp-offer_72827.html
August 7, 2015
LSB Industries (Oklahoma City) reports second-quarter earnings per share of 2 cts, well short of analysts’ consensus estimate of the 37 cts/share compiled by Thomson Reuters (New York). The company has also announced that it will implement a set of operational and governance changes....
http://www.chemweek.com/home/top_of_the_news/LSB-misses-estimates-announces-operational-governance-measures_72830.html
August 7, 2015
Indorama Ventures (Bangkok) says net profits for the second quarter of 2015 more than tripled compared with the second quarter of 2014, to 5.30 billion baht ($150.8 million)...
http://www.chemweek.com/home/top_of_the_news/Indorama-records-huge-rise-in-profits_72828.html
August 7, 2015
Denki Kagaku Kogyo (Denka; Tokyo) says it will acquire a 51% stake in Icon Genetics (Halle, Germany), which is active in R&D and service provision of biopharmaceuticals, from Nomad...
http://www.chemweek.com/home/top_of_the_news/Denka-to-acquire-German-biopharma-firm-Icon-Genetics_72825.html
August 7, 2015
BASF says that it has signed a letter of intent for a distribution deal with Nagase Wahlee Plastics (NWP; Taipei), a specialist in distributing high-performance materials. NWP, under...
http://www.chemweek.com/home/top_of_the_news/BASF-partners-with-Nagase-Wahlee-Plastics-for-distributing-PUs-in-Taiwan_72823.html
August 7, 2015
Toray Industries reports a 78% rise in net profits for the company’s fiscal first quarter, ended 30 June 2015, compared with the year-ago period, to ¥26.2 billion ($210.9...
http://www.chemweek.com/home/top_of_the_news/Toray-reports-higher-profits-and-sales_72822.html
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