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January 14, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its board of directors, on 12 January, approved the appointment of Kobi Altman as executive v.p. and CFO of the company, effective 1...
http://www.chemweek.com/home/top_of_the_news/ICL-appoints-new-CFO_66812.html
January 14, 2015
Indorama Ventures (Bangkok) today announced that it has pulled out of an agreement to acquire Sasa Polyester Sanayi (Adana, Turkey), a leading polyester and polyethylene terephthalate...
http://www.chemweek.com/home/top_of_the_news/Indorama-ends-plan-to-acquire-Turkish-firm-Sasa-Polyester-Sanayi_66809.html
January 14, 2015
Braskem says it has improved the efficiency of naphtha usage at the company's Triunfo, Brazil, petrochemical complex. The improvement was made at the site's olefins-1 production unit...
http://www.chemweek.com/home/top_of_the_news/Braskem-improves-feedstock-energy-efficiency-at-Brazil-site_66745.html
January 13, 2015
Badger Licensing today announced that it has licensed its bisphenol-A (BPA) technology to Lihuayi Weiyuan Chemical Co. The process will be used in a 120,000-m.t./year grassroots BPA...
http://www.chemweek.com/home/top_of_the_news/Badger-licenses-bisphenol-A-technology-to-China_66796.html
January 13, 2015
Yanbu National Petrochemical Co. (YanSab), a Sabic subsidiary, today announced a large increase in fourth-quarter profits but a slide in full-year earnings. Net profit in the fourth...
http://www.chemweek.com/home/top_of_the_news/YanSab-reports-higher-fourth-quarter-earnings_66793.html
January 13, 2015
Reliance Industries has appointed industry veteran Vipul Shah as the company’s COO. Shah, 55, was previously chairman and CEO of Dow India. He has worked at Dow for 25...
http://www.chemweek.com/home/top_of_the_news/Reliance-Industries-taps-Dow-executive-for-post-of-COO_66789.html
January 13, 2015
Hedge fund Trian Fund Management (New York) on Friday continued its campaign against DuPont management by nominating four directors to the company’s board. The four are Trian CEO...
http://www.chemweek.com/home/top_of_the_news/Trian-nominates-four-DuPont-directors-sharpens-call-for-break-up_66718.html
January 13, 2015
Sika (Baar, Switzerland), currently the subject of a battle between its controlling shareholders and its management over a $2.78-billion bid from France's Saint Gobain, today reported...
http://www.chemweek.com/home/top_of_the_news/Sika-reports-record-sales-in-all-regions-in-2014_66784.html
January 13, 2015
Gazprom neftekhim Salavat (Salavat, Russia) has achieved higher utilization rates at its Salavat-based ethylene complex. The company for the first time produced 1,008 m.t./day of...
http://www.chemweek.com/home/top_of_the_news/Russian-petchem-producer-raises-ethylene-capacity-utilization-rate_66782.html
January 13, 2015
The trade committee of the European Parliament has indicated in a working document that it opposes the inclusion of a clause on investor-state dispute settlement (ISDS) being included...
http://www.chemweek.com/home/top_of_the_news/European-Parliament-trade-committee-opposed-to-inclusion-of-ISDS-in-TTIP_66794.html
January 13, 2015
Styrene consumers in Europe may seek to increase their spot purchases at the expense of contract volumes during 2015 because the spread between contract and spot prices widened during...
http://www.chemweek.com/home/top_of_the_news/Styrene-spot-purchases-could-increase-in-Europe-during-2015_66795.html
January 13, 2015
Spot aromatics prices fell in Asia for a second day running today. Offers dropped below late yesterday's bids as crude futures stood at lows of more than five-and-a-half years. This...
http://www.chemweek.com/home/top_of_the_news/Aromatics-markets-continue-to-sink-in-Asia-as-weak-crude-leads-to-offer-cuts_66777.html
January 13, 2015
Mitsui Chemicals announced today that one of its former employees has been found criminally negligent in the 22 April 2012 accident at its Iwakuni-Ohtake resorcinol plant at Waki...
http://www.chemweek.com/home/top_of_the_news/Former-Mitsui-Chemicals-employee-found-negligent-in-2012-resorcinol-plant-accident_66775.html
January 13, 2015
Dow Chemical, in partnership with its joint venture DowAksa (Istanbul), and a consortium of composites-related businesses, academic leaders, and government organizations have been...
http://www.chemweek.com/home/top_of_the_news/Dow-and-consortium-selected-to-establish-institute-for-composites-manufacturing-innovation_66774.html
January 13, 2015
The Russian petrochemical holding Sibur and Yokogawa, a leading Japanese producer of industrial automation systems, have extended their agreement for supplying equipment for production...
http://www.chemweek.com/home/top_of_the_news/Sibur-and-Yokogawa-extend-automated-control-equipment-supply-agreement_66773.html
January 13, 2015
Canpotex (Saskatoon, SK), the potash export cartel owned by Agrium, Mosaic, and PotashCorp, says that it has entered into a three-year memorandum of understanding (MOU) with Sinofert...
http://www.chemweek.com/home/top_of_the_news/Canpotex-signs-potash-supply-deal-with-Sinofert_66771.html
January 13, 2015
Brenntag says that its supervisory board has renewed the contract of CEO Steven Holland for five years, until 29 February 2020. All areas of responsibilities within the management...
http://www.chemweek.com/home/top_of_the_news/Brenntag-extends-CEO-contract_66769.html
January 12, 2015
Spot prices for aromatics fell again in Asia today, threatening to dip below the 67–70-month weekly lows recorded last week, as volatile Brent crude futures fell below $49/bbl in...
http://www.chemweek.com/home/top_of_the_news/Asia-aromatics-prices-threaten-to-outstrip-70-month-lows-as-crude-falls-again_66737.html
January 12, 2015
Clariant says that it has signed an agreement to acquire the remaining 50% shares of Companhia Brasileira de Bentonita (CBB) from Geosol (Belo Horizonte, Brazil), a world leader in...
http://www.chemweek.com/home/top_of_the_news/Clariant-acquires-remaining-shares-of-Companhia-Brasileira-de-Bentonita_66736.html
January 11, 2015
The boards of directors of Saudi Kayan and Yanbu National Petrochemical Co. (YanSab), both Sabic affiliates, today accepted the resignation of Mutlaq Al Morished from the post of...
http://www.chemweek.com/home/top_of_the_news/Saudi-Kayan-and-YanSab-appoint-new-chairmen_66730.html
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