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August 12, 2014
LCY Chemical (Taipei), which is being investigated by Taiwanese authorities over its role in the 31 July explosions at Kaohsiung, Taiwan, which killed 30 people and injured more than...
http://www.chemweek.com/home/top_of_the_news/LCY-Chemical-ordered-to-halt-polypropylene-production-at-Kaohsiung_63121.html
August 12, 2014
The president of Mexico, Enrique Peña Nieto, has signed the country's energy reform bill into law, the president's office says. The law preserves and guarantees state ownership...
http://www.chemweek.com/home/top_of_the_news/Mexico-passes-energy-reform_63120.html
August 12, 2014
Haldor Topsoe today announced plans to close a fuel cell subsidiary that focuses on developing and commercializing components and technology for high-temperature solid oxide fuel cells...
http://www.chemweek.com/home/top_of_the_news/Haldor-Topsoe-closing-subsidiary-because-of-sales-earnings-drops_63119.html
August 12, 2014
Clariant is building a new masterbatches plant in greater Sydney area, the company announced today. The new plant will mainly serve the Australian market with a full range of color and...
http://www.chemweek.com/home/top_of_the_news/Clariant-builds-masterbatches-plant-in-Australia_63118.html
August 12, 2014
The petrochemical business of Gail India (New Delhi), a natural gas company, reports a 10% fall in sales in the fiscal first quarter, ended 30 June, compared with the year-ago quarter...
http://www.chemweek.com/home/top_of_the_news/Gails-petchem-business-reports-fall-in-sales_63116.html
August 11, 2014
Kinder Morgan, Inc. (KMI) announced today that it is buying out its two master limited partnerships (MLPs) – Kinder Morgan Energy Partners (KMP) and El Paso Pipeline Partners...
http://www.chemweek.com/home/top_of_the_news/Kinder-Morgan-to-buy-out-its-MLPs-in-$71-billion-deal_63115.html
August 11, 2014
Sinopec Engineering has received a 4.26-billion ringgit ($1.33 billion) contract from Petronas subsidiary PRPC Refinery and Cracker covering engineering, procurement, construction, and...
http://www.chemweek.com/home/top_of_the_news/Sinopec-Engineering-awarded-large-contract-for-Rapid-project_63097.html
August 11, 2014
Adama Agricultural Solutions (Tel Aviv), formerly Makhteshim Agan, on Sunday reported a 23.5% increase in net income and a 9% rise in sales in the second quarter of this year, to...
http://www.chemweek.com/home/top_of_the_news/Adama-reports-higher-sales-and-earnings-plans-New-York-listing_63099.html
August 11, 2014
Saudi International Petrochemical Co. (Sipchem) says it has restarted its methanol plant at Al Jubail following an unscheduled stoppage at the plant on 24 July 2012. The company says...
http://www.chemweek.com/home/top_of_the_news/Sipchem-restarts-methanol-plant-at-Al-Jubail_63098.html
August 11, 2014
Petronas Chemicals (Kuala Lumpur) reports a 44.7% fall in profits for the second quarter of 2014 compared with the second quarter of 2013, to 585 million ringgit ($183 million), due to...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-fall-in-profits-and-sales_63103.html
August 11, 2014
LG International (Seoul) plans to invest in a large petrochemical complex in the Bintuni industrial area, West Papua, Indonesia, The Jakarta Post reports. On Friday following a meeting...
http://www.chemweek.com/home/top_of_the_news/LG-International-plans-methanol-complex-in-Indonesia_63101.html
August 8, 2014
Mexichem (Tlalnepantla, Mexico) has agreed to acquire Vestolit (Marl, Germany), Europe’s sixth-largest manufacturer of polyvinyl chloride (PVC), from private equity firm...
http://www.chemweek.com/home/top_of_the_news/Mexichem-acquires-PVC-producer-Vestolit-for-&euro219-million_62985.html
August 8, 2014
The World Trade Organization (WTO; Geneva) has rejected an appeal by China against a WTO ruling earlier this year that China's export restrictions on the key industrial raw materials...
http://www.chemweek.com/home/top_of_the_news/WTO-rejects-Chinas-appeal-of-ruling-against-rare-earth-export-restrictions_63085.html
August 8, 2014
Brahmaputra Valley Fertilizer Corp. Ltd. (BVFCL; Namrup, India) has partnered with Oil India and the Assam state government to construct a previously announced ammonia-urea complex at...
http://www.chemweek.com/home/top_of_the_news/India-advances-nitrogen-fertilizer-plans-in-Assam_63082.html
August 8, 2014
Exports of potash from Russia rose 52.9% in the first six months of the year, according to the country's Federal Customs Service. The country exported 4.76 million m.t. in the period...
http://www.chemweek.com/home/top_of_the_news/Russian-fertilizer-exports-rise-in-first-six-months_63081.html
August 8, 2014
Werner Breuers, board member of Lanxess responsible for performance polymers and advanced intermediates, will leave the company at his own request after his contract ends on 31 May...
http://www.chemweek.com/home/top_of_the_news/Lanxess-board-member-leaving_63080.html
August 7, 2014
Braskem reported 124 million reais ($54.3 million) in net profit for the second quarter, compared with a R$125-million loss one year earlier, according to the company's results...
http://www.chemweek.com/home/top_of_the_news/Braskem-swings-to-a-net-profit_63056.html
August 7, 2014
Agrium reports net earnings of $625 million for the second quarter, down 15% year-over-year (YOY) with earnings per share of $4.34/share surpassing analyst estimates of $4.11/share, as...
http://www.chemweek.com/home/top_of_the_news/Agrium-posts-strong-results-on-improved-retail-business_63054.html
August 7, 2014
CF Industries says net earnings of $312.6 million for the second quarter were down 37% year-over-year (YOY) on sales of $1.5 billion down 12% YOY. Earnings per share of $6.10/share...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-sales-earnings-down_63055.html
August 7, 2014
Koppers Holdings (Pittsburgh, PA) says lower volumes and prices reduced both sales and income for the second quarter. Net income totaled $1.6 million, down 89% year-over-year (YOY) from $14.7 million, while sales totaled $356.8 million, a 4% YOY decline. Adjusted earnings totaled $8.1 million, or 39 cts/share, down 44% YOY and short of the analysts’ consensus estimate of 61 cts/share....
http://www.chemweek.com/home/top_of_the_news/Koppers-income-drops-89-percent-YOY-on-volume-prices_63053.html
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