IHS Chemical Week

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January 13, 2016
Praxair has signed a long-term contract to provide nitrogen to Toray Industries for use in manufacturing carbon fiber at Toray’s new Spartanburg County, South Carolina facility...
January 25, 2016
Saudi Arabian chemical producers are assessing the impact of the energy and feedstock price hikes announced by the Saudi government in its state budget on 29 December 2015. The...
January 18, 2016
W. R. Grace says the previously announced spin off GCP Applied Technologies (GCP), its construction products and packaging sealants and coatings businesses, will be completed on 3 February. Greg Poling, currently Grace COO, has been designated GCP president and CEO....
January 12, 2016
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that on 11 January it acquired all of the shares of Grow Company (Ridgefield, NJ) for $20 million. Grow...
January 12, 2016
The European Commission says selective tax advantages granted by Belgium under the country's excess profit tax scheme are illegal under state aid rules in the European Union. The...
January 12, 2016
LG Chem's board has given final approval for the company's acquisition of Dongbu Farm Hannong (Seoul), South Korea's biggest producer of agricultural chemicals and fertilizers, from...
January 12, 2016
BP says that it will cut 4,000 more jobs in its worldwide exploration and production business during the next two years. The planned job losses represent about 5% of BP's total...
January 12, 2016
China National Chemical Corp. (ChemChina; Beijing) says that it has agreed to acquire KraussMaffei Group (Munich), a manufacturer of machinery and systems for producing and processing...
January 12, 2016
Italmatch Chemicals (Genoa, Italy) announced on Tuesday that it has agreed to acquire Solvay’s desalination and phosphonates and phosphonic acid-based water additives business...
January 12, 2016
Alujain has announced that a sudden technical problem on Monday at its Natpet propylene and polypropylene (PP) manufacturing subsidiary at Yanbu, Saudi Arabia, has forced the company...
January 12, 2016
Europe's styrene customer reference price (CRP) for January has settled at parity with the barge price for the seventh consecutive month. The January price is €975/m.t., a...
January 12, 2016
Specialty chemicals producer Sika on Tuesday reported 8.3% higher sales in the fourth quarter of 2015, with total sales for the year rising 6.2% in local currency. The company says it...
January 11, 2016
A. Schulman Monday reported fiscal first-quarter net income down 61% year-on-year (YOY), to $5.2 million, or 18 cts/sahre, on sales up 5.6%, to $649.2 million. Adjusted earnings, which...
January 11, 2016
Hyosung (Seoul) is increasing its production capacity for nitrogen trifluoride (NF3) by 3,750 m.t./year, according to local news sources. On 11 September 2015, the company reportedly announced plans to build a 200-billion won ($165.6 million); 2,500 m.t./year NFproduction facility at Quzhou, China, that would begin production during the second half of 2017....
January 11, 2016
Ed Dineen TPC Group (Houston) has appointed Ed Dineen as chairman, president and CEO. Dineen was most recently CEO of Siluria Technologies and has also served as COO of LyondellBasell...
January 12, 2016
Air Products has hired Technip to provide technology, engineering and procurement services for a grassroots hydrogen plant in Baytown, TX. The 3.5 million standard cubic meters/day plant, slated for completion in 2018, will produce hydrogen and carbon monoxide (CO) for distribution through Air Products’ Gulf Coast hydrogen and CO pipeline networks....
January 8, 2016
Dow Chemical has confirmed that four employees were hospitalized after an explosion Thursday afternoon at the Rohm and Haas Electronic Materials facility in North Andover, MA. “Emergency personnel continue to work at the facility to ensure all safety and regulatory requirements are met,” Dow says. “The cause of the incident is not known at this time. An investigation is proceeding with the full cooperation and participation of the company. There is no risk to the community.”...
January 8, 2016
European monthly toluene contract price negotiations often proved to be a headache during 2015 because of the long-running absence of liquidity in the European spot market that has...
January 8, 2016
Westlake Chemical Partners (Westlake Partners; Houston) has approved plans to expand ethylene capacity at Calvert City, KY, by 70 million lbs/year (31,751 m.t./year). It expects to complete the project during the first half of 2017....
January 8, 2016
Linde has engaged Morgan Stanley to seek a buyer for Linde's Gist (Basingstoke, UK) logistics unit, according to a Reuters report. Linde is reportedly targeting a price of more than...
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