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July 17, 2014
Celanese (Dallas, TX) reports net earnings for the second quarter of $258 million, up 94% year-over-year from $133 million, on stronger pricing and volumes. Sales totaled $1.8 billion...
http://www.chemweek.com/home/top_of_the_news/Celanese-net-income-doubles-on-price-and-volume-gains_62545.html
July 17, 2014
Several Saudi Arabian petrochemicals producers have reported their second quarter results. Sabic affiliate Saudi Kayan losses in the quarter have narrowed. The company reported net...
http://www.chemweek.com/home/top_of_the_news/Several-Saudi-firms-report-second-quarter-earnings_62514.html
July 17, 2014
PPG Industries has named Michael McGarry, current executive v.p., as COO, effective 1 August. McGarry will have responsibility for all of PPG’s strategic business units and...
http://www.chemweek.com/home/top_of_the_news/PPG-names-McGarry-as-COO_62512.html
July 17, 2014
Praxair announced today that it has signed a long-term contract to supply industrial gases to Nanjing Jinling Huntsman New Materials Co. (Nanjing, East China)—a joint venture...
http://www.chemweek.com/home/top_of_the_news/Praxair-signs-ASU-deal-with-Huntsman-Jinling-jv_62508.html
July 17, 2014
Ineos today reported unaudited second-quarter results with Ebitda rising 22% to €447 million ($604.5 million) compared with the year-earlier quarter and 11.5% up on the first...
http://www.chemweek.com/home/top_of_the_news/Ineos-reports-higher-earnings-buoyed-by-US-feedstock-advantage_62510.html
July 17, 2014
PPG Industries today reported second quarter net income from continuing operations up 24% year-on-year (YOY), to $393 million, or $2.80/share, on sales up 5%, to $4.1 billion. Adjusted...
http://www.chemweek.com/home/top_of_the_news/PPG-earnings-beat-estimates-on-strong-sales_62509.html
July 17, 2014
CB&I on Wednesday gave additional details relating to its contracts with Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) for Orpic’s Liwa plastics project...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-outlines-technology-awards-for-Oman-petchem-project_62507.html
July 17, 2014
GTS Chemical Holding, a specialty chemicals producer and the largest manufacturer of ammonium sulfite in China, today announced its intention to proceed with a fundraising and...
http://www.chemweek.com/home/top_of_the_news/Chinese-specialty-chemicals-firm-plans-to-list-in-London_62506.html
July 17, 2014
Givaudan Group (Geneva), flavors and fragrances major, today announced its results for the first six months of 2014. Ebitda rose 10.5% to 562 million Swiss francs ($626.1 million) on...
http://www.chemweek.com/home/top_of_the_news/Givaudan-reports-higher-earnings-confirms-guidance_62505.html
July 17, 2014
Evonik Industries is investing in a new polymer dispersants plant at Essen, Germany, the company announced today. The project, which will involve an investment in the “low...
http://www.chemweek.com/home/top_of_the_news/Evonik-Industries-to-build-polymer-dispersants-plant-in-Germany_62503.html
July 17, 2014
Ineos O&P UK has received notification from the UK government that its application for an infrastructure loan guarantee has been successful, the company announced today. The...
http://www.chemweek.com/home/top_of_the_news/Ineos-receives-loan-guarantee-paving-way-for-new-ethane-import-terminal-at-Grangemouth_62504.html
July 16, 2014
CF Industries announced today that it has restarted its operating units at its Woodward, OK, nitrogen complex. The company shut down production there on 21 April to address an...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-resumes-production-at-Oklahoma-nitrogen-complex_62483.html
July 16, 2014
Flint Hills Resources (Wichita, KS) has completed the acquisition of propylene-maker PetroLogistics (Houston, TX). Flint Hills says the $2.1 billion transaction is its largest ever and its first in the chemical space since the purchase of Huntsman’s U.S. commodity chemical business in 2007....
http://www.chemweek.com/home/top_of_the_news/Flint-Hills-completes-$2-1-billion-acquisition-of-PetroLogistics_62481.html
July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the...
http://www.chemweek.com/home/top_of_the_news/Alpek-cuts-2014-Ebitda-guidance-by-$70-million_62480.html
July 16, 2014
3M announced today that it will acquire Sumitomo Electronic’s 25% stake in its Japanese subsidiary Sumitomo 3M for ¥90 billion ($885 million). Upon completing the...
http://www.chemweek.com/home/top_of_the_news/3M-to-acquire-Sumitomo-Electronics-25-percent-stake-in-Japanese-subsidiary_62479.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report...
http://www.chemweek.com/home/top_of_the_news/Report-Private-equity-firm-prepares-to-divest-PVC-maker-Vestolit_62477.html
July 16, 2014
Evonik Industries said today that it has closed on an equity investment in Biosynthetic Technologies (BT; Irvine, CA), a specialist in biobased lubricants. BT has developed and...
http://www.chemweek.com/home/top_of_the_news/Evonik-invests-in-biobased-lubricants-start-up-Biosynthetic-Technologies_62476.html
July 16, 2014
Sumitomo Chemical announced today that its wholly owned subsidiary Valent U.S.A. (Walnut Creek, CA) has launched a new crop protection product in the United States for seed treatment...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-launches-new-seed-treatment-in-the-US_62475.html
July 16, 2014
Invista said on Monday that it has resolved a lawsuit against a Chinese engineer for misappropriating and infringing on trade secrets relating to a portion of Invista’s purified...
http://www.chemweek.com/home/top_of_the_news/Invista-wins-PTA-intellectual-property-lawsuit-in-Beijing-court_62474.html
July 16, 2014
India's chemical industry is set to more than double in size to $224 billion by 2017, compared with $108.4 billion at present, and become a major exporter, participants at an industry...
http://www.chemweek.com/home/top_of_the_news/Indias-chemical-industry-to-more-than-double-by-2017_62256.html
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