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March 18, 2014
Sibur (Moscow) reports a 15.2% decrease in adjusted net profit for 2013, to 50.9 billion rubles, on revenue down 0.6%, to R269.8 billion. Petrochemical products accounted for R116...
http://www.chemweek.com/home/top_of_the_news/Sibur-posts-lower-sales-and-earnings-on-weak-synthetic-rubber-business_59644.html
March 18, 2014
Agrochemical firm Nufarm (Melbourne) announced today that, as part of a reorganization of its Australian operations, the company will permanently close its plants located at Welshpool...
http://www.chemweek.com/home/top_of_the_news/Nufarm-to-close-two-plants-in-Australia-mulls-restructuring-of-New-Zealand-operations_59640.html
March 18, 2014
Wacker Chemie has provided more details on its strategies following the recent announcement of the company’s preliminary results. Addressing a press briefing at Munich this...
http://www.chemweek.com/home/top_of_the_news/Wacker-expects-better-sales-and-earnings-in-2014-signs-polysilicon-deal-with-China_59645.html
March 17, 2014
Linde says that group revenue rose to €16.7 billion ($23.2 billion), or 5.2%, and group operating profit increased by 7.6% to €3.96 billion, in full-year 2013. The company...
http://www.chemweek.com/home/top_of_the_news/Linde-increases-sales-and-profit_59619.html
March 17, 2014
CF Industries announced today that it has completed the previously announced sales of its phosphate business to Mosaic for $1.4 billion—approximately $1 billion net of taxes and...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-completes-phosphates-sale-to-Mosaic-for-$1-4-billion_59622.html
March 17, 2014
Momentive Specialty Chemicals has narrowed the potential location of its planned forest product facility in Brazil to the states of Rio Grande do Sul, Santa Catarina, and Parana, the company says....
http://www.chemweek.com/home/top_of_the_news/Momentive-narrows-site-selection-for-forest-product-facility-in-Brazil_59618.html
March 14, 2014
Canexus (Calgary, AB) reports a loss of C$344,000 ($310,000) for the fourth quarter of 2013, down from a profit of C$14.6 million in the year-ago quarter. Sales declined 4% year-over-year (YOY) to $139.8 million. The company’s share price, which had tumbled after the resignation of president and CEO Gary Kubera on 6 March, sprang back the day after the earnings release, climbing 37 cents on 14 March to close at $5.04/share....
http://www.chemweek.com/home/top_of_the_news/Canexus-swings-to-loss-but-stock-market-positive_59611.html
March 14, 2014
Sinopec says its wholly owned subsidiary, China International United Petroleum & Chemicals (Unipec), has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract....
http://www.chemweek.com/home/top_of_the_news/Sinopec-signs-propane-export-deal-with-Phillips-66_59598.html
March 14, 2014
Robert Patterson PolyOne has named COO Robert Patterson as its next president and CEO, effective 15 May. Patterson succeeds Stephen Newlin, who will retire as president and CEO...
http://www.chemweek.com/home/top_of_the_news/PolyOne-appoints-Patterson-as-next-CEO_59487.html
March 14, 2014
LyondellBasell Industries has declared force majeure on vinyl acetate monomer (VAM) production at the company's plant at La Porte, TX, company sources have confirmed. The...
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-declares-force-majeure-on-VAM-at-La-Porte-plant_59595.html
March 14, 2014
LG Chem (Seoul), in today’s filing to the Korea Exchange (Seoul), says that it has decided to buy NanoH2O (El Segundo, CA) for $200 million. The acquisition has been approved by...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-acquires-NanoH2O-for-$200-million_59592.html
March 14, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says it has sold its subsidiary and laboratory operations at Budapest, to...
http://www.chemweek.com/home/top_of_the_news/Codexis-sells-its-operations-in-Hungary-to-US-biotech-firm-Intrexon_59600.html
March 14, 2014
Emergency services are assessing the damage caused in yesterday’s explosion at the Omsk rubber plant’s phenol-acetone complex in Russia, local reports say. The facility...
http://www.chemweek.com/home/top_of_the_news/Explosion-at-Omsk-rubber-plant-damages-phenol-acetone-complex-injures-several-people_59400.html
March 14, 2014
Air Liquide announced today that it will invest close to €100 million ($138.9 million) in three innovation projects in France. The company plans to extend and modernize its...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-invests-in-three-innovation-projects-in-France_59589.html
March 13, 2014
Potash producer K+S (Kassel, Germany) today announced its 2013 results and gave guidance for this year. The company reported an 18.4% decline in earnings before interest and tax (Ebit)...
http://www.chemweek.com/home/top_of_the_news/K+S-reports-lower-sales-and-earnings-as-global-potash-turmoil-takes-its-toll_59534.html
March 13, 2014
Haldor Topsoe says it has opened its newly expanded catalyst plant at Frederikssund, Denmark. The expansion, an investment of over 300 million Danish kroner ($56 million), has added a...
http://www.chemweek.com/home/top_of_the_news/Haldor-Topsoe-expands-catalyst-plant-in-Denmark_59459.html
March 13, 2014
Bayer says it will spend more than €500 million ($692.6 million) at its sites at Wuppertal and Leverkusen, Germany, to establish additional capacities to manufacture the...
http://www.chemweek.com/home/top_of_the_news/Bayer-HealthCare-announces-its-biggest-ever-investment_59491.html
March 13, 2014
Evonik Industries said today that it will build a plant, which will produce methionine especially developed for the shrimp and other crustaceans industry. The facility will be based at...
http://www.chemweek.com/home/top_of_the_news/Evonik-to-build-plant-at-Antwerp-for-novel-methionine-for-shrimp-feed_59537.html
March 13, 2014
The FDA has imposed a ban on imports from Sun Pharma’s (Mumbai) Karkhadi, Gujarat plant in India. The facility makes APIs and formulations.  The FDA has issued an import...
http://www.chemweek.com/home/top_of_the_news/FDA-bans-imports-of-Sun-Pharmas-products-from-plant-in-India_59536.html
March 13, 2014
BASF said today that together with seven leading universities and research institutes in China, Japan and South Korea, it has established the research initiative Network for Advanced...
http://www.chemweek.com/home/top_of_the_news/BASF-forms-research-network-with-Asian-universities-and-institutes_59535.html
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