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April 23, 2015
Dow Chemical reports income for the first quarter of $1.52 billion, up 42% year-over-year (YOY) from $1.07 billion on strong margin and volume gains, particularly in the performance plastics, and performance materials and chemicals, and consumer solutions segments. Sales fell 14% YOY to $12.37 billion lower prices and currency effects. Earnings of 84 cts/share beat the consensus estimate of 76 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Dow-sails-by-estimates-on-margin-and-volume-gains-despite-14-percent-sales-drop_69713.html
April 23, 2015
Shin-Etsu has made a final decision to build a $1.4-billion ethane cracker at its Plaquemine, LA complex, the company’s first US ethylene investment. Shin-Etsu, the largest...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-to-proceed-with-plans-for-US-cracker_69700.html
April 23, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that it has signed agreements to supply its customers in China with an aggregate 1.1 million m.t. of potash during 2015.The agreements...
http://www.chemweek.com/home/top_of_the_news/ICL-signs-major-potash-supply-deals-with-China_69711.html
April 23, 2015
Lubrizol says that it will invest about $100 million over the next five years at the company’s Painesville, OH facility to increase production capacity and improve site...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-to-invest-$100-million-to-expand-Painesville-facility_69709.html
April 23, 2015
Sumitomo Chemical has revised its earnings and sales forecasts for the full fiscal year ended 31 March 2015. Sumitomo expects to record a net profit of ¥51.0 billion ($425 million)...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-upgrades-earnings-sales-projections_69708.html
April 23, 2015
The European Commission has today announced that it proposes to amend existing legislation to give European member states more freedom to restrict or prohibit the use of EU-authorized...
http://www.chemweek.com/home/top_of_the_news/EU-member-states-to-have-bigger-say-on-use-of-GMOs-in-food-and-feed_69667.html
April 23, 2015
Sahara and Ma’aden, equal owners in Sahara and Ma’aden Petrochemical Co. (Samapco), said today that they have completed a prescheduled turnaround at their chlor-alkali and...
http://www.chemweek.com/home/top_of_the_news/Sahara-and-Maaden-complete-turnaround-of-Samapco-facilities_69706.html
April 22, 2015
Trian CEO Nelson Peltz told investors yesterday that former LyondellBasell CEO James Gallogly asked to be CEO-designee at DuPont as a condition of joining Trian’s proposed slate of directors at DuPont. Trian is waging a proxy battle to seat four directors at DuPont’s annual meeting in Wilmington, DE on 13 May....
http://www.chemweek.com/home/top_of_the_news/Trian-says-Gallogly-pushed-for-CEO-role-at-DuPont_69682.html
April 22, 2015
PTT Global Chemical (Bangkok; PTTGC) and Marubeni Corp. (Tokyo) have selected a site in Belmont County, Ohio for a proposed world-scale ethane cracker and petrochemical complex...
http://www.chemweek.com/home/top_of_the_news/PTT-Marubeni-select-Ohio-site-for-proposed-cracker_69695.html
April 22, 2015
Basic Chemical Industries Co. (BCI; Ad Dammām, Saudi Arabia) said today that it is reassessing its plans announced in 2013 to establish a joint venture with CP Kelco (Atlanta) to...
http://www.chemweek.com/home/top_of_the_news/Basic-Chemical-Industries-and-CP-Kelco-rethink-Saudi-xanthan-gum-project_69675.html
April 22, 2015
Uralchem (Moscow), a major fertilizer producer, today reported its first-quarter production results. The total output of Uralchem’s products rose 3.5%, to 1.5 million m.t./year...
http://www.chemweek.com/home/top_of_the_news/Uralchem-raises-fertilizer-output-in-first-quarter_69672.html
April 22, 2015
Vopak posted a 24% increase in net profit in the first quarter compared with the corresponding period of last year, to €85 million ($91.3 million), on sales up 10%, to €349.5...
http://www.chemweek.com/home/top_of_the_news/Vopaks-earnings-buoyed-by-higher-occupancy-capacity_69670.html
April 22, 2015
Jacobs Engineering says that it has acquired a controlling interest in Suzhou Han’s Chemical Engineering Co. (SHCE; Suzhou, China). In 2013, Jacobs signed an option agreement...
http://www.chemweek.com/home/top_of_the_news/Jacobs-acquires-controlling-stake-in-Suzhou-Hans-Chemical-Engineering_69669.html
April 22, 2015
Hydrodealkylation (HDA) economics swung into positive territory in Europe last week for the first time since November and are averaging $39/m.t. this week. The momentum has come from...
http://www.chemweek.com/home/top_of_the_news/Europes-HDA-economics-swing-into-positive-territory_69680.html
April 22, 2015
Croda's (Goole, UK) revenue for the first quarter grew 4% year-on-year (YOY), to £284.9 million ($428.0 million). The group's profit margin increased slightly over the prior-year...
http://www.chemweek.com/home/top_of_the_news/Crodas-sales-up-in-first-quarter_69665.html
April 22, 2015
The European Commission says it has sent a statement of objections to Gazprom (Moscow), alleging that some of its business practices in Central and Eastern European gas markets...
http://www.chemweek.com/home/top_of_the_news/European-Commission-alleges-Gazprom-abused-dominant-position-in-Eastern-Europe-gas-markets_69674.html
April 22, 2015
BASF-YPC plans to restart its steam cracker and petrochemical units in Nanjing, China, at the end of May once a planned shutdown maintenance program is completed, a company...
http://www.chemweek.com/home/top_of_the_news/BASF-YPC-to-restart-cracker-and-petrochemical-units-end-May_69662.html
April 22, 2015
Teva Pharmaceutical Industries (Petaḥ Tiqwa, Israel) has proposed to acquire Mylan in a transaction valued at $82.00/Mylan share, or a total of about $40 billion, with the...
http://www.chemweek.com/home/top_of_the_news/Teva-offers-to-acquire-Mylan-for-$40-billion_69661.html
April 22, 2015
Mexichem's (Tlalnepantla, Mexico) net income from continuing operations plunged during the first quarter to $14 million, down 74% year-on-year (YOY), according to the company's...
http://www.chemweek.com/home/top_of_the_news/Mexichems-net-income-takes-a-plunge-in-first-quarter_69676.html
April 22, 2015
The US FDA issued a warning letter on 6 April to the active pharmaceutical ingredient (API) manufacturing facility of Yunnan Hande Bio-Tech—located at Kunming, China—for...
http://www.chemweek.com/home/top_of_the_news/FDA-issues-warning-letter-to-API-plant-in-China_69660.html
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