IHS Chemical Week

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August 6, 2014
New York Stock Exchange–listed Jinko Solar (Shanghai), the fourth-largest solar photovoltaic manufacturer in the world, on Tuesday opened a solar photovoltaic module...
http://www.chemweek.com/home/top_of_the_news/Jinko-Solar-opens-photovoltaic-panels-plant-in-South-Africa_63015.html
August 6, 2014
Sirius Minerals says it has decided to close the Sydney office to fully focus on the York potash project in the United Kingdom. Most executive roles in the company, which were...
http://www.chemweek.com/home/top_of_the_news/Sirius-Minerals-to-close-Sydney-office-to-concentrate-on-UK-project_63014.html
August 6, 2014
Alvogen (Pine Brook, NJ), a privately owned pharmaceuticals company focused on developing, manufacturing, and distributing generic, OTC, and biosimilar products, announced today that...
http://www.chemweek.com/home/top_of_the_news/Alvogen-acquires-Korean-Dream-Pharma-for-$187-million_63011.html
August 6, 2014
Idemitsu said on Tuesday that AltaGas Idemitsu Joint Venture (AIJVLP)—a 50-50 joint venture between Idemitsu Kosan and AltaGas—and Petrogas Energy, owned two thirds by...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-begins-LPG-exports-from-US-terminal-for-petrochemical-feedstock_63009.html
August 6, 2014
Nippon Shokubai, a leading producer of acrylic acid and superabsorbent polymers, today announced the results covering the first quarter of the fiscal year, ending 31 March 2015. Net...
http://www.chemweek.com/home/top_of_the_news/Nippon-Shokubai-reports-higher-sales-and-earnings-gives-forecast_63008.html
August 6, 2014
Lanxess today announced its second-quarter results and detailed a previously announced restructuring program. Second-quarter net income rose to €55.0 million ($73.5 million) from...
http://www.chemweek.com/home/top_of_the_news/Lanxess-outlines-realignment-as-earnings-improve-narrows-guidance_63007.html
August 6, 2014
Kuraray reports an 11.1% rise in net profits for the quarter ended 30 June compared with the year-ago period, to ¥7.28 billion ($71 million). Sales in the quarter increased 12.9%...
http://www.chemweek.com/home/top_of_the_news/Kuraray-reports-rise-in-profits-and-sales_63006.html
August 6, 2014
Axiall (Atlanta) says that weakness in chlor-alkali and an unplanned outage in vinyl chloride monomer (VCM) pushed second-quarter net income down 62% year-over-year (YOY), to $27.2 million, and that sales fell 3% YOY, to $1.237 billion. Adjusted earnings of 48 cts/share fell just short of analysts’ consensus estimate of 50 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Axiall-reports-second-quarter-income-down-62-percent_63003.html
August 5, 2014
Orica (Melbourne) says that its board of directors intends to pursue the separation of the company’s chemicals business, either by demerger or sale. The decision follows a...
http://www.chemweek.com/home/top_of_the_news/Orica-to-spin-off-or-sell-chemicals-business_63005.html
August 5, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker, a 660,000-m.t./year propane dehydrogenation (PDH) unit, and a 570,000-m.t./year low-density polyethylene plant at its Point Comfort, TX, site....
http://www.chemweek.com/home/top_of_the_news/EPA-grants-permits-to-Formosas-ethylene-propylene-and-polyethylene-projects_63002.html
August 5, 2014
Dow has lost about 100,000 m.t. of ethylene production from its Fort Saskatchewan, AB, ethane cracker because of an unplanned outage on 22 July, the company says....
http://www.chemweek.com/home/top_of_the_news/Unplanned-outage-at-Ft-Saskatchewan-costs-Dow-100000-m-t-of-ethylene_63001.html
August 5, 2014
International Flavors and Fragrances (IFF; New York) today reported second-quarter net income of $110.2 million, up 8% year-over-year (YOY). Reported earningsof $1.35/share in line...
http://www.chemweek.com/home/top_of_the_news/IFF-sales-and-earnings-up_62988.html
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
August 5, 2014
PTT Global Chemical (PTTGC) is postponing the conclusion of talks with Pertamina (Jakarta) on their $4–5-billion petrochemical joint venture project in Indonesia to early next...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-to-delay-conclusion-of-talks-on-Indonesian-project_62982.html
August 5, 2014
Bowleven (Edinburgh, UK), an Africa-focused oil and gas exploration group, says that the president of Cameroon has signed a formal decree awarding the Etinde exploitation authorization...
http://www.chemweek.com/home/top_of_the_news/Cameroon-approves-Etinde-energy-project_62984.html
August 5, 2014
Yara International (Oslo) says it has agreed to acquire a 60% stake in Galvani Indústria Comércio e Serviços (São Paulo) for an enterprise value of $318...
http://www.chemweek.com/home/top_of_the_news/Yara-to-acquire-majority-stake-in-Brazilian-fertilizer-company-Galvani_62981.html
August 5, 2014
Indorama Ventures (Bangkok) reports nearly a sevenfold increase in net profits for the second quarter of 2014 compared with the second quarter of 2013, to 1.48 billion baht ($46...
http://www.chemweek.com/home/top_of_the_news/Indorama-reports-huge-rise-in-second-quarter-profits_62986.html
August 5, 2014
DSM today reported second-quarter net profit from continuing operations before exceptional items of €110 million ($147.6 million), 20% down on the year-earlier quarter. Revenues...
http://www.chemweek.com/home/top_of_the_news/DSM-reports-lower-sales-earnings-on-negative-currency-effects-weakness-in-caprolactam_62979.html
August 5, 2014
The petrochemical business of Idemitsu Kosan reports a 35.1% fall in operating profits for the company's fiscal first quarter, ended 30 June, compared with the year-ago period, to...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosans-petrochemical-business-reports-fall-in-profits_62978.html
August 5, 2014
Three former senior executives of Innospec have been jailed and another received a suspended prison sentence in the United Kingdom for bribing Indonesian officials to extend the life...
http://www.chemweek.com/home/top_of_the_news/UK-jails-former-Innospec-executives-for-Indonesia-corruption_62980.html
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