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August 6, 2014
Lanxess today announced its second-quarter results and detailed a previously announced restructuring program. Second-quarter net income rose to €55.0 million ($73.5 million) from...
http://www.chemweek.com/home/top_of_the_news/Lanxess-outlines-realignment-as-earnings-improve-narrows-guidance_63007.html
August 6, 2014
Kuraray reports an 11.1% rise in net profits for the quarter ended 30 June compared with the year-ago period, to ¥7.28 billion ($71 million). Sales in the quarter increased 12.9%...
http://www.chemweek.com/home/top_of_the_news/Kuraray-reports-rise-in-profits-and-sales_63006.html
August 6, 2014
Axiall (Atlanta) says that weakness in chlor-alkali and an unplanned outage in vinyl chloride monomer (VCM) pushed second-quarter net income down 62% year-over-year (YOY), to $27.2 million, and that sales fell 3% YOY, to $1.237 billion. Adjusted earnings of 48 cts/share fell just short of analysts’ consensus estimate of 50 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Axiall-reports-second-quarter-income-down-62-percent_63003.html
August 5, 2014
Orica (Melbourne) says that its board of directors intends to pursue the separation of the company’s chemicals business, either by demerger or sale. The decision follows a...
http://www.chemweek.com/home/top_of_the_news/Orica-to-spin-off-or-sell-chemicals-business_63005.html
August 5, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker, a 660,000-m.t./year propane dehydrogenation (PDH) unit, and a 570,000-m.t./year low-density polyethylene plant at its Point Comfort, TX, site....
http://www.chemweek.com/home/top_of_the_news/EPA-grants-permits-to-Formosas-ethylene-propylene-and-polyethylene-projects_63002.html
August 5, 2014
Dow has lost about 100,000 m.t. of ethylene production from its Fort Saskatchewan, AB, ethane cracker because of an unplanned outage on 22 July, the company says....
http://www.chemweek.com/home/top_of_the_news/Unplanned-outage-at-Ft-Saskatchewan-costs-Dow-100000-m-t-of-ethylene_63001.html
August 5, 2014
International Flavors and Fragrances (IFF; New York) today reported second-quarter net income of $110.2 million, up 8% year-over-year (YOY). Reported earningsof $1.35/share in line...
http://www.chemweek.com/home/top_of_the_news/IFF-sales-and-earnings-up_62988.html
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
August 5, 2014
PTT Global Chemical (PTTGC) is postponing the conclusion of talks with Pertamina (Jakarta) on their $4–5-billion petrochemical joint venture project in Indonesia to early next...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-to-delay-conclusion-of-talks-on-Indonesian-project_62982.html
August 5, 2014
Bowleven (Edinburgh, UK), an Africa-focused oil and gas exploration group, says that the president of Cameroon has signed a formal decree awarding the Etinde exploitation authorization...
http://www.chemweek.com/home/top_of_the_news/Cameroon-approves-Etinde-energy-project_62984.html
August 5, 2014
Yara International (Oslo) says it has agreed to acquire a 60% stake in Galvani Indústria Comércio e Serviços (São Paulo) for an enterprise value of $318...
http://www.chemweek.com/home/top_of_the_news/Yara-to-acquire-majority-stake-in-Brazilian-fertilizer-company-Galvani_62981.html
August 5, 2014
Indorama Ventures (Bangkok) reports nearly a sevenfold increase in net profits for the second quarter of 2014 compared with the second quarter of 2013, to 1.48 billion baht ($46...
http://www.chemweek.com/home/top_of_the_news/Indorama-reports-huge-rise-in-second-quarter-profits_62986.html
August 5, 2014
DSM today reported second-quarter net profit from continuing operations before exceptional items of €110 million ($147.6 million), 20% down on the year-earlier quarter. Revenues...
http://www.chemweek.com/home/top_of_the_news/DSM-reports-lower-sales-earnings-on-negative-currency-effects-weakness-in-caprolactam_62979.html
August 5, 2014
The petrochemical business of Idemitsu Kosan reports a 35.1% fall in operating profits for the company's fiscal first quarter, ended 30 June, compared with the year-ago period, to...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosans-petrochemical-business-reports-fall-in-profits_62978.html
August 5, 2014
Three former senior executives of Innospec have been jailed and another received a suspended prison sentence in the United Kingdom for bribing Indonesian officials to extend the life...
http://www.chemweek.com/home/top_of_the_news/UK-jails-former-Innospec-executives-for-Indonesia-corruption_62980.html
August 4, 2014
Saudi International Petrochemical Co. (Sipchem; Al Khubar) announced today that its International Polymers Co. (IPC) affiliate has begun trial runs of its the ethylene vinyl acetates...
http://www.chemweek.com/home/top_of_the_news/Sipchem-and-Hanwha-begin-trial-runs-at-EVA-LDPE-plant-at-Al-Jubail_62948.html
August 4, 2014
RusVinyl, an equally owned joint venture between Sibur (Moscow) and SolVin, on 3 August began test batch production of polyvinyl chloride (PVC), Sibur announced today. Solvay holds a...
http://www.chemweek.com/home/top_of_the_news/RusVinyl-begins-producing-PVC-in-Russia_62961.html
August 4, 2014
Vladislav Baumgertner, former CEO of Uralkali (Berezniki, Russia), one of the world’s largest potash producers, will remain under house arrest until October, the Russian Legal...
http://www.chemweek.com/home/top_of_the_news/Former-Uralkali-CEO-to-remain-under-house-arrest-until-October_62960.html
August 4, 2014
BP announced today that the government of Indonesia, through the Ministry of Environment (Jakarta), has approved the Tangguh liquefied natural gas (NGL) expansion project and issued an...
http://www.chemweek.com/home/top_of_the_news/BP-receives-environmental-permit-for-LNG-expansion-project-in-Indonesia_62959.html
August 4, 2014
Teijin reports more than a sevenfold increase in net profits for its fiscal first quarter, ended 30 June, compared with the year-ago quarter, to ¥1.64 billion ($16 million)...
http://www.chemweek.com/home/top_of_the_news/Teijin-reports-rise-in-profits_62955.html
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