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July 21, 2014
Air Liquide announced today that it has signed an agreement with Natgasoline (Beaumont, TX), a wholly owned subsidiary of OCI (Sittard, Netherlands), to supply oxygen for...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-to-provide-ASU-to-planned-OCI-methanol-plant_62612.html
July 21, 2014
Westlake Chemical Partners (Houston) announced on 21 July the start of its initial public offering of 11.25 million common units, which are to be listed on the New York Stock Exchange as WLKP. The company, a master limited partnership established to operate the ethylene production facilities of Westlake Chemical (Westlake; Houston), aims to be priced at $19–21/unit, about $225 million in total....
http://www.chemweek.com/home/top_of_the_news/Westlake-launches-$225-million-IPO-of-ethylene-MLP_62611.html
July 21, 2014
American Vanguard announced on Friday that lower-than-normal purchasing of corn inputs and reduced production levels at the company's manufacturing facilities will affect its...
http://www.chemweek.com/home/top_of_the_news/American-Vanguard-warns-on-second-quarter-earnings_62610.html
July 21, 2014
Evonik Industries and AkzoNobel say they have entered into negotiations to build a membrane cell electrolysis production facility at AkzoNobel’s Ibbenbüren, Germany, site...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-and-Evonik-join-forces-in-membrane-cell-chlor-alkali-project-in-Germany_62608.html
July 21, 2014
Evonik Industries has confirmed plans to build a previously announced plant to produce precipitated silicas at Americana, Brazil, near São Paulo. Evonik says it is investing...
http://www.chemweek.com/home/top_of_the_news/Evonik-confirms-plans-for-precipitated-silicas-plant-in-Brazil_62606.html
July 21, 2014
Maire Tecnimont (Rome) today announced it has signed a memorandum of understanding (MOU) with the Fatima Group, a fertilizer player based in Pakistan; and Midwest Fertilizer Corp...
http://www.chemweek.com/home/top_of_the_news/Maire-Tecnimont-signs-MOU-to-build-large-fertilizer-complex-in-the-US_62605.html
July 21, 2014
Investment banking group Goldman Sachs has become a partner in Turkey’s largest integrated port, operated by Petkim, the country’s leading petrochemicals producer. The deal...
http://www.chemweek.com/home/top_of_the_news/Petkim-sells-stake-in-Petlim-Port-in-Turkey-to-Goldman-Sachs_62604.html
July 18, 2014
Honeywell says that profit in its performance materials and technologies (PMT) segment  was $475 million, up 8% from the prior year. Segment revenue rose 6% year-on-year...
http://www.chemweek.com/home/top_of_the_news/Honeywell-posts-stronger-performance-materials-earnings_62590.html
July 18, 2014
EuroChem (Moscow), a top-10 fertilizer company globally, has announced the appointment of Terje Bakken as head/marketing and sales. Bakken will report to EuroChem CEO Dmitry Strezhnev...
http://www.chemweek.com/home/top_of_the_news/Former-Yara-executive-to-join-EuroChem-management-board_62585.html
July 18, 2014
LG Chem (Seoul) today reported a 43% drop in second-quarter net profit, to 226.8 billion South Korean won ($220.3 million), citing poor performance in its chemical sales and a strong...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-reports-lower-second-quarter-profits-flat-revenues_62583.html
July 18, 2014
Elemental Minerals (Perth, Australia), a mineral exploration company whose primary asset is the Sintoukola potash project in the Republic of the Congo, has announced that John Sanders...
http://www.chemweek.com/home/top_of_the_news/Elemental-Minerals-appoints-new-managing-director_62581.html
July 18, 2014
Mylan (Pittsburgh) has entered into a definitive agreement with Abbott to acquire Abbott's non-US developed markets specialty and branded generics business in an all-stock transaction...
http://www.chemweek.com/home/top_of_the_news/Mylan-to-acquire-Abbotts-non-US-branded-generics-pharma-business_62580.html
July 18, 2014
Yara International (Oslo) today reported strong second-quarter results, with improved European commodity margins because of lower gas price. Lower nitrate deliveries impacted results...
http://www.chemweek.com/home/top_of_the_news/Yara-reports-strong-second-quarter-results-hikes-NPK-capacity-in-Finland_62579.html
July 18, 2014
Yuhuang Chemical (Houston), a newly created subsidiary of Shandong Yuhuang Chemical, will invest $1.85 billion in a world-scale methanol manufacturing complex on the Mississippi River...
http://www.chemweek.com/home/top_of_the_news/Chinese-firm-to-invest-$1-85-billion-in-methanol-complex-in-Louisiana-Air-Liquide-to-provide-technology_62582.html
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
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