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October 21, 2014
Sumitomo Chemical announced today that it has revised its consolidated financial forecast for the half-year, ending 30 September, compared with what it had announced on 12 May. The...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-upgrades-forecast_64635.html
October 21, 2014
AkzoNobel today reported a 32% rise in third-quarter net income, to €205.0 million ($262.9 million), on 2% lower sales of €3.69 billion. Ebitda was 7% higher, at €487.0...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-reports-higher-earnings-lower-sales-in-challenging-conditions_64631.html
October 21, 2014
Nilit (Migdal HaEmek, Israel), a manufacturer of nylon-6,6 for thermoplastics and apparel applications, has signed an agreement to acquire Invista’s Americana, Brazil...
http://www.chemweek.com/home/top_of_the_news/Israeli-firm-to-acquire-Invistas-nylon-plant-in-Brazil_64630.html
October 21, 2014
The European Commission has issued a statement of objections to Honeywell and DuPont, citing its preliminary view that joint cooperation entered into 2010 concerning the production of refrigerant R-1234yf, also known as HFO-1234yf, used in automotive air-conditioning systems may have breached European Union (EU) antitrust rules....
http://www.chemweek.com/home/top_of_the_news/European-Commission-investigates-DuPont-and-Honeywell-refrigerant-collaboration_64645.html
October 21, 2014
Christophe de Margerie, 63 and CEO of energy major Total, was killed at Moscow’s Vnukovo international airport last night when a business jet collided with a snow plow during...
http://www.chemweek.com/home/top_of_the_news/CEO-of-Total-killed-in-plane-crash-at-Moscow-airport_64629.html
October 21, 2014
Israel Chemicals (ICL, Tel Aviv) says that the final report of the Sheshinski Committee, presented to the Finance Ministry yesterday, will not cause it to reconsider its decision to...
http://www.chemweek.com/home/top_of_the_news/ICL-to-cut-investments-close-plants-as-final-Sheshinski-report-would-impose-the-worlds-highest-tax_64640.html
October 21, 2014
Saudi Kayan, a Sabic affiliate, today reported a 54.6% rise in third-quarter net profit to 66.91 million Saudi riyals ($17.8 million) compared with the year-earlier quarter. Operating...
http://www.chemweek.com/home/top_of_the_news/Saudi-firms-report-mixed-results_64604.html
October 21, 2014
Arkema says that it has finalized the creation of Sunke, the previously announced joint venture with Jurong Chemical (Yancheng, China), the leading acrylic acid manufacturer in China...
http://www.chemweek.com/home/top_of_the_news/Arkema-finalizes-creation-of-acrylic-acid-JV-with-Jurong-Chemical-in-China_64637.html
October 21, 2014
Shire (Dublin) says that its board has agreed with AbbVie (Chicago) to terminate their previously announced agreement for the acquisition of Shire. AbbVie announced in July that it...
http://www.chemweek.com/home/top_of_the_news/AbbVie-and-Shire-terminate-$51-billion-deal_64632.html
October 20, 2014
Celanese (Dallas, TX) reports third-quarter income of $252 million, up 47% year over year (YOY) from $172 million. Net sales totaled $1.77 billion, unchanged YOY. Earnings per share (EPS) were $1.61 were up 10% YOY from $1.47....
http://www.chemweek.com/home/top_of_the_news/Celanese-net-income-rises-47-percent_64625.html
October 20, 2014

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical.

...

http://www.chemweek.com/home/top_of_the_news/BASF-Totals-propylene-unit-back-online-after-catalyst-change_64622.html
October 20, 2014
Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....
http://www.chemweek.com/home/top_of_the_news/Celanese-acquires-Cool-Polymers_64621.html
October 20, 2014
Rosneft’s chairman Igor Sechin and Marco Tronchetti Provera, Pirelli’s chairman, have signed a memorandum of understanding, which will lead to the production and sales of...
http://www.chemweek.com/home/top_of_the_news/Rosneft-and-Pirelli-sign-MOU-to-develop-synthetic-rubber-production-in-Russias-Far-East_64599.html
October 20, 2014
LG Chem (Seoul) today reported a major drop in third-quarter earnings. Net profit plunged 34.2%, to 231.9 billion South Korean won ($218.8 million), the company says in a filing to the...
http://www.chemweek.com/home/top_of_the_news/LG-Chems-third-quarter-earnings-tumble_64598.html
October 20, 2014
Mitsubishi Chemical plans to restructure its money-losing purified terephthalic acid (PTA) business, according to Yoshimitsu Kobayashi, president and CEO of Mitsubishi Chemical...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-to-restructure-PTA-business_64596.html
October 20, 2014
Platform Specialty Products has agreed to acquire Arysta LifeScience, a maker of agrochemical and biological products, from private equity firm Permira for approximately $3.51 billion...
http://www.chemweek.com/home/top_of_the_news/Platform-to-acquire-Arysta-for-$3-5-billion_64606.html
October 20, 2014
Ineos, which has already acquired two licenses to explore for shale gas in the United Kingdom, is bidding for more licenses, according to Tom Crotty, group director at Ineos. Crotty...
http://www.chemweek.com/home/top_of_the_news/Ineos-ups-the-ante-on-UK-shale-exploration_64595.html
October 20, 2014
Industries Qatar (IQ; Doha), which holds interest in petrochemicals, fertilizers and steel producing companies in Qatar, today reported improved third-quarter and nine-months results...
http://www.chemweek.com/home/top_of_the_news/Industries-Qatar-reports-improved-results-studies-new-petchem-complex_64601.html
October 17, 2014
Honeywell says that third-quarter performance materials and technologies segment profit was $444 million, up 8% year-on-year....
http://www.chemweek.com/home/top_of_the_news/Honeywell-performance-materials-profit-up-8-percent_64579.html
October 17, 2014
Europe’s chemical industry is reinventing itself to stay competitive as high energy prices continue to cripple the sector and its share of the global market declines. This...
http://www.chemweek.com/home/top_of_the_news/Cefic-Industry-reinvents-itself-to-be-more-competitive-growth-this-year-will-be-lower_64592.html
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