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April 22, 2013
M&G Group (Tortona, Italy) has licensed Alpek’s IntegRex technology for its planned 1.2-million m.t./year purified terephthalic acid (PTA) plant in Corpus Christi, TX, the...
http://www.chemweek.com/home/top_of_the_news/Alpek-licenses-PTA-to-M-and-G-project-buys-PET-offtake-rights-for-$350-million_51221.html
April 22, 2013
Alpek (San Pedro Garza García, Mexico) achieved $77 million in net consolidated income during the first quarter of 2013, down 20% on the $96-million income reported during the...
http://www.chemweek.com/home/top_of_the_news/Alpeks-first-quarter-net-income-down-20-percent_51333.html
April 22, 2013
Bhansali Engineering Polymers (Mumbai), a producer of acrylonitrile butadiene styrene (ABS) resins in India, plans to set up a joint venture with Japanese partners, according to...
http://www.chemweek.com/home/top_of_the_news/Bhansali-and-Nippon-A-and-L-to-form-specialized-styrenics-JV-in-India_51332.html
April 22, 2013
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) has taken over the sales and marketing activities of Qatar Vinyl Co. (QVC), adding 1.2 million...
http://www.chemweek.com/home/top_of_the_news/Muntajat-takes-over-marketing-activities-of-Qatar-Vinyl-Co-_51319.html
April 22, 2013
SK Innovation (Seoul) plans to enter the Chinese electric vehicle (EV) battery market, the company said today. It will set up a joint venture at Beijing with two state-owned Chinese...
http://www.chemweek.com/home/top_of_the_news/SK-Innovation-to-form-car-battery-manufacturing-JV-in-China_51331.html
April 22, 2013
Cefic today released an energy road map, entitled European chemistry for growth: Unlocking a competitive, low-carbon and energy-efficient future. The European Union needs secure...
http://www.chemweek.com/home/top_of_the_news/Cefic-urges-EU-policy-shift-to-reducing-energy-costs-and-ensuring-chemical-industry-competitiveness_51330.html
April 22, 2013
The Indian conglomerate Adventz Group (Gurgaon) says it plans to invest 40 billion Indian rupees ($738.2 million) in a urea plant in Ra's Al Khayma, United Arab Emirates. A...
http://www.chemweek.com/home/top_of_the_news/Indian-firm-plans-to-build-urea-plant-in-Ras-Al-Khayma_51329.html
April 22, 2013
Sabic’s first-quarter net income declined 10%, to 6.56 billion Saudi riyals ($1.75 billion) but increased 13% compared with the SR5.83 billion in the fourth quarter of 2012...
http://www.chemweek.com/home/top_of_the_news/Sabics-first-quarter-net-income-down-Petro-Rabigh-reports-loss-closes-cracker-for-maintenance_51325.html
April 22, 2013
Yara International (Olso) today announced a 25% decline in first-quarter net income after noncontrolling interests, to 2.26 billion Norwegian kroner ($388 million), compared with the...
http://www.chemweek.com/home/top_of_the_news/Yara-reports-lower-first-quarter-sales-and-earnings-Qafco-Lifeco-and-Yara-Pilbara-offset-decline_51322.html
April 22, 2013
Mitsubishi Chemical says that it has acquired compounding business Comtrex (Warren, MI). Financial terms were not disclosed. Comtrex has been engaged in the polyvinyl chloride (PVC)...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-acquires-US-compounding-business_51321.html
April 19, 2013
Honeywell’s performance materials and technologies (PMT) unit reports segment profit of $319 million for the company’s fiscal first quarter, ended 31 March, a 17% increase...
http://www.chemweek.com/home/top_of_the_news/UOP-lifts-Honeywells-first-quarter-profits_51308.html
April 19, 2013
Versalis (Milan), the chemicals business of ENI (Rome), has outlined a major transformation program that aims to shift the company's portfolio from one dominated by commodities toward...
http://www.chemweek.com/home/top_of_the_news/Versalis-announces-transformation-plan-mulls-import-of-US-gas_51306.html
April 19, 2013
Albemarle’s first-quarter results fell short of analysts’ estimates as all three of its business units posted double-digit profit declines year-over-year. The company...
http://www.chemweek.com/home/top_of_the_news/Albemarle-profits-fall-27-percent-miss-estimates_51260.html
April 19, 2013
Air Liquide has signed an agreement with the French Alternative Energies and Atomic Energy Commission (CEA; Paris), to develop a second-generation biofuel production unit in France...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-signs-contract-to-develop-second-generation-biofuel-plant-in-France_51304.html
April 19, 2013
Sherwin-Williams (SW) reports first-quarter gains on strong demand for architectural paint at its retail paint stores and reaffirmed its forecast for more than 20% profit annual...
http://www.chemweek.com/home/top_of_the_news/Retail-business-lifts-Sherwin-Williams-first-quarter-profits_51281.html
April 19, 2013
LG Chem posted a 10.6% decline in net profits for the first quarter of 2013 compared with the year-ago period, to 340.4 billion South Korean won ($305 million). First-quarter sales...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-reports-fall-in-profits-and-sales_51303.html
April 18, 2013
Celanese posted first-quarter net income of $142 million, a decline of 26% due mainly to a significant favorable tax benefit in the year-ago quarter. Excluding charges, Celanese says that adjusted Ebit and earnings were significantly higher. Reported adjusted earnings were $1.14/share, up 44% from the year-ago period and well above the consensus estimate of 78 cts. Adjusted Ebit for the quarter totaled $269 million. Sales of $1.6 billion reflected a year-on-year (YOY) decrease of 1.7%....
http://www.chemweek.com/home/top_of_the_news/Celanese-adjusted-earnings-up-44-percent-on-margin-expansion_51300.html
April 18, 2013
PPG has reported first-quarter adjusted net income of $235 million, or $1.58/share, on sales that were flat, at $3.33 billion. Adjusted net income rose 8.8% from the year-ago quarter...
http://www.chemweek.com/home/top_of_the_news/PPG-beats-estimates-on-steady-sales_51283.html
April 18, 2013
Honeywell’s UOP unit has licensed its methanol-to-olefin (MTO) to Jiangsu Sailboat Petrochemical (Jiangsu, China) for a project in Lianyungang, in China's Jiangsu...
http://www.chemweek.com/home/top_of_the_news/Honeywells-UOP-methanol-to-olefin-technology-licensed-in-China_51279.html
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