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July 24, 2014
BASF Shanghai Coatings, a joint venture between BASF Group and Shanghai Huayi Fine Chemical, today inaugurated its automotive coatings plant at the Shanghai chemical industry park. The...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-&euro50-million-automotive-coatings-plant-at-Shanghai_62688.html
July 24, 2014
Mitsui Chemicals, on 23 July, officially opened its previously announced plant at Tianjin, China, to produce spunbonded nonwoven fabrics. Plans for the new plant were announced in...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-opens-plant-to-produce-spunbonded-nonwoven-fabrics-at-Tianjin_62687.html
July 24, 2014
JSR (Tokyo) says that a 19-year-old employee of the company died in an accident on 23 July at the company’s synthetic rubber manufacturing facility at Yokkaichi, Japan. The...
http://www.chemweek.com/home/top_of_the_news/JSR-employee-killed-in-accident-at-synthetic-rubber-plant-in-Japan_62686.html
July 24, 2014
Badger Licensing (Boston), a joint venture between affiliates of Technip and ExxonMobil Chemical, has been selected by Cepsa Química's (Madrid) Shanghai chemical affiliate...
http://www.chemweek.com/home/top_of_the_news/Badger-to-provide-technology-for-cumene-plant-in-China_62683.html
July 24, 2014
Lonza recorded net profits of 140 million Swiss francs ($155 million) for the first half of 2014 compared with profits of SF41 million in the first half of 2013. Sales for the first...
http://www.chemweek.com/home/top_of_the_news/Lonza-reports-huge-rise-in-profits_62691.html
July 23, 2014
Air Products chairman and CEO Seifi Ghasemi, who took the helm of the company on 1 July, says that a focus cash generation and improved capital allocation will drive company strategy....
http://www.chemweek.com/home/top_of_the_news/New-Air-Products-CEO-says-emphasis-on-cash-and-capital-allocation-to-guide-strategy_62682.html
July 23, 2014
Calabrian (Kingwood, TX) is expanding sulfur dioxide (SO2) production at its Port Neches, TX, plant by 50%. The company expects the multimillion dollar expansion to be online by the end of the year....
http://www.chemweek.com/home/top_of_the_news/Calabrian-to-expand-sulfur-dioxide-production-by-50-percent_62679.html
July 23, 2014
The Savola Group (Jidda, Saudi Arabia) on Tuesday signed a nonbinding memorandum of understanding (MOU) and commenced exclusive discussions with Takween Advanced Industries (Al Khobar...
http://www.chemweek.com/home/top_of_the_news/Takween-Advanced-Industries-to-acquire-Savolas-plastics-packaging-business_62653.html
July 23, 2014
Johnson Matthey says it made progress in the first quarter of 2014/15, covering 1 April–30 June, in the face of headwinds from the effect of foreign currency translation and the...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-reports-lower-profits-flat-sales_62652.html
July 23, 2014
Syngenta today announced plans to broaden and scale up its Plene platform of integrated sugarcane solutions. Through an exclusive licensing agreement with New Energy Farms, Syngenta...
http://www.chemweek.com/home/top_of_the_news/Syngenta-expands-Plene-sugarcane-platform-with-new-agreement_62651.html
July 23, 2014
Syngenta’s net income including restructuring and impairment was $1.4 billion, 1% lower in the first six months of this year, on sales up 1%, to $8.5 billion, the company...
http://www.chemweek.com/home/top_of_the_news/Syngentas-first-half-growth-held-back-by-North-America-outlook-confirmed_62650.html
July 23, 2014
W.R. Grace reports second-quarter net income of $136.7 million, 50.6% higher year-on-year (YOY), on higher sales volumes and acquisitions. Adjusted earnings were flat YOY at...
http://www.chemweek.com/home/top_of_the_news/Higher-volumes-Unipol-acquisition-bolster-W-R-Grace-results_62676.html
July 23, 2014
AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-reports-higher-second-quarter-profits-confirms-outlook_62649.html
July 23, 2014
Praxair posted second net income of $467 million, up 5% year-over year (YOY). Reported earnings of $1.58/share were up 5% YOY but 1 ct below analyst estimates as reported by...
http://www.chemweek.com/home/top_of_the_news/Praxair-net-income-up-5-percent_62664.html
July 23, 2014
ACC today released its monthly chemical production regional index (CPRI). Following an upwardly revised 0.5% production gain in May, the US CPRI rose 0.3% in June, with output up in...
http://www.chemweek.com/home/top_of_the_news/ACC-US-chemical-production-increases-over-June_62666.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/home/top_of_the_news/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 23, 2014
Air Products reported net income of $314 million for the quarter ended 30 June, up 9% from the prior-year quarter. Revenues were up 3% year-over-year (YOY), to $2.6...
http://www.chemweek.com/home/top_of_the_news/Air-Products-net-income-up-9-percent_62663.html
July 23, 2014
PKN Orlen (PÅ‚ock, Poland) today announced its strategy for 2014–2017, which reflects the present macroeconomic conditions. The company will focus on securing a strong position...
http://www.chemweek.com/home/top_of_the_news/PKN-Orlen-unveils-strategy-may-close-money-losing-Lithuania-refinery_62654.html
July 23, 2014
The Galveston County Economic Alliance announced on Tuesday that Fund Connell USA Energy and Chemical Investment Corp. is exploring plans to build a large methanol production and...
http://www.chemweek.com/home/top_of_the_news/Chinese-group-plans-$4-5-billion-methanol-complex-at-Texas-City_62657.html
July 23, 2014
State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity...
http://www.chemweek.com/home/top_of_the_news/Electricity-producer-EDF-agrees-to-cut-power-prices-for-Frances-biggest-industrial-consumers_62656.html
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