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April 25, 2013
Lonza, in its business update announcement for the first quarter of 2013, says that it has decided to permanently close its biocides manufacturing site at Swords, Ireland, in June...
http://www.chemweek.com/home/top_of_the_news/Lonza-to-close-Ireland-biocides-site_51434.html
April 24, 2013
Methanex says it has reached a final investment decision to proceed with the relocation of a second 1-million m.t./year methanol plant from its Cabo Negro, Chile site to Geismar, LA...
http://www.chemweek.com/home/top_of_the_news/Methanex-to-relocate-another-methanol-plant-from-Chile-to-Geismar_51433.html
April 24, 2013
Ferro has reported first-quarter net income of $800,000 down 78.9% from the same quarter last year, on sales down 9.1% year-on-year (YOY), to $418 million. Excluding discontinued...
http://www.chemweek.com/home/top_of_the_news/Ferro-earnings-top-estimates-despite-sales-decline_51432.html
April 24, 2013
Ashland today reported fiscal second-quarter net income down 39.8% year-on-year (YOY), to $53 million, or 68 cts/share, on sales down 5.3%, to $1.97 billion. The quarter, however...
http://www.chemweek.com/home/top_of_the_news/Ashland-beats-estimates-but-abandons-2014-targets_51404.html
April 24, 2013
Taminco, owned by private equity firm Apollo Management, completed its previously announced initial public offering of 15.8 million shares yesterday at $15/share, raising $223.8 million after underwriting fees and discounts...
http://www.chemweek.com/home/top_of_the_news/Taminco-IPO-raises-$224-million_51408.html
April 24, 2013
Ecolab says it has reached an agreement to acquire AkzoNobel’s Purate antimicrobial water treatment technology for an undisclosed sum. The business provides proprietary chlorine...
http://www.chemweek.com/home/top_of_the_news/Ecolab-to-buy-AkzoNobels-chlorine-dioxide-water-treatment-business_51406.html
April 24, 2013
Praxair reports first-quarter sales growth despite weakness in Europe, but foreign currency translation negatively impacted the company’s earnings. Net income fell 7%...
http://www.chemweek.com/home/top_of_the_news/Praxair-reports-sales-growth-earnings-drop-on-foreign-currency-translation_51405.html
April 24, 2013
Reports indicate that the death toll has risen to 14 and over 200 people were injured, with several people still unaccounted for, following a huge explosion at a fertilizer plant at...
http://www.chemweek.com/home/top_of_the_news/Texas-fertilizer-plant-that-exploded-and-killed-14-found-to-be-storing-excessive-amounts-of-ammonium-nitrate-Update_51274.html
April 24, 2013
India’s Ministry of Finance has imposed a definitive five-year antidumping duty on imports of soda ash from Russia and Turkey. The Department of Revenue said that the duty in the...
http://www.chemweek.com/home/top_of_the_news/India-imposes-antidumping-duty-on-soda-ash-imports-from-Turkey-and-Russia_51401.html
April 24, 2013
SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), reports a more than doubling in profits for the first quarter of 2013 compared with the year-ago quarter, to...
http://www.chemweek.com/home/top_of_the_news/Siam-Cements-chemicals-business-reports-huge-rise-in-profits-to-expand-LDPE-capacity_51400.html
April 24, 2013
Delayed catalyst orders and downtime at customer operations drove W.R. Grace’s first-quarter results below expectations. The company reported net income of $52.9 million for the...
http://www.chemweek.com/home/top_of_the_news/Grace-reports-first-quarter-earnings-down-13-percent_51403.html
April 24, 2013
UOP, a Honeywell subsidiary, will provide technology for the production of aromatics at Brunei Hengyi Industries' new petrochemical complex in Brunei, Honeywell announced today. Brunei...
http://www.chemweek.com/home/top_of_the_news/UOP-to-supply-technology-for-aromatics-complex-in-Brunei_50888.html
April 24, 2013
PhosAgro (Moscow) reports a 9% rise in full-year 2012 net income, to 24.5 billion Russian rubles ($788 million), on 5% higher revenues, of R105.3 billion. Ebitda, however, was 2%...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-reports-higher-2012-sales-and-earnings-starts-construction-on-several-projects_51398.html
April 24, 2013
Tosoh and Ube Industries have each revised their earnings and sales forecasts for the full fiscal year, ended 31 March. Tosoh expects to record full-year net profits of ¥16 billion...
http://www.chemweek.com/home/top_of_the_news/Tosoh-and-Ube-upgrade-earnings-projections_51395.html
April 24, 2013
Teijin (Tokyo), a world-leading producer of aramid fibers, has developed aramid fiber fabric that protects users against X-ray and gamma-ray radiation, the company announced today...
http://www.chemweek.com/home/top_of_the_news/Teijin-develops-radiation-shielding-aramid-fiber_51394.html
April 24, 2013
Invista has announced the start-up of a specialty Lycra production line at its Shanghai manufacturing complex. The facility is designed to produce the company’s T837 Lycra HyFit...
http://www.chemweek.com/home/top_of_the_news/Invista-commissions-specialty-Lycra-plant-at-Shanghai-advances-with-similar-unit-in-Brazil_51393.html
April 24, 2013
Reliance Industries says that net profits for the company’s fiscal fourth quarter, ended 31 March, increased 31.9% compared with the same period of the previous year, to about...
http://www.chemweek.com/home/top_of_the_news/Reliance-Industries-reports-rise-in-quarterly-profits_51205.html
April 24, 2013
Asahi Kasei says that its Asahi Kasei Chemicals (AKC) subsidiary will license its manufacturing technology for polymethyl methacrylate (PMMA) to PTT (Bangkok). The technology license...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-licenses-PMMA-technology-to-PTT_51390.html
April 23, 2013
DuPont expects sequential improvement in industrial demand as the year progresses. “We anticipate improvements in demand in the second half from industrial markets,” says DuPont chair and CEO Ellen Kullman. “This is based on our evaluation of country and regional forecast[s] for general industrial production, auto production, home building and construction, solar module production, and other markets.” Global industrial production was up 1% in the first quarter and “will get to 2.5% for the year, which means an improving economy as we go quarter to quarter,” Kullman adds....
http://www.chemweek.com/home/top_of_the_news/DuPont-operating-income-slips-on-weak-titanium-dioxide_51378.html
April 23, 2013
Monsanto says it will invest $400 million to expand its R&D capabilities at its St. Louis Chesterfield Village Research Center, add 36 new greenhouses and 675 jobs over the...
http://www.chemweek.com/home/top_of_the_news/Monsanto-investing-$400-million-to-expand-St-Louis-research-campus_51374.html
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