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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 (PetaŠł• 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
April 22, 2015
Air Products says that Marie Ffolkes has been appointed to president/industrial gases, Americas, effective 18 May. Ffolkes comes to Air Products with 20 years of manufacturing...
http://www.chemweek.com/home/top_of_the_news/Air-Products-appoints-presidentindustrial-gases-Americas_69659.html
April 22, 2015
Celanese says that it plans to reduce acetate tow production capacity at the company’s Lanaken, Belgium site by 50%, citing declining demand in Europe. Celanese’s...
http://www.chemweek.com/home/top_of_the_news/Celanese-plans-to-reduce-acetate-tow-production-by-half-at-Belgium-site_69673.html
April 22, 2015
W. R. Grace says that it has completed phase one of construction for the previously announced fluid catalytic cracking (FCC) catalysts manufacturing facility in the Mideast. The...
http://www.chemweek.com/home/top_of_the_news/Grace-completes-first-phase-of-FCC-catalysts-manufacturing-plant-in-Mideast_69658.html
April 22, 2015
Today, China began reviewing its antidumping duties on nylon-6 imports from the European Union, Russia, Taiwan, and the United States, the Ministry of Commerce (Mofcom; Beijing) says...
http://www.chemweek.com/home/top_of_the_news/China-starts-reviewing-dumping-duties-on-nylon-6-from-EU-Russia-Taiwan-and-US_69655.html
April 22, 2015
Sanmar Group (Chennai, India) will invest $350 million to expand its chemical facility at Port Said, Egypt, the Egyptian embassy in New Delhi says. Plans include a doubling of...
http://www.chemweek.com/home/top_of_the_news/Sanmar-to-double-PVC-capacity-in-Egypt_69600.html
April 22, 2015
Styrene inventories at eastern China’s ports stood at about 76,000 m.t. this week, down about 7,200 m.t., or 8.6%, from last week, data obtained by IHS Chemical shows...
http://www.chemweek.com/home/top_of_the_news/Styrene-stocks-in-eastern-China-fall-9-percent-on-week-amid-short-covering_69664.html
April 21, 2015
The global surplus of light naphtha could increase by as much as 14 million m.t./year over the next five years, according to a study released today, “The IHS Energy and IHS Chemical Light and Heavy Naphtha International Market Review.” Although demand for light naphtha will continue to expand, supply will grow faster, propelled by booming tight oil production in the United States, which will become the world’s largest exporter of light naphtha by 2020, says IHS....
http://www.chemweek.com/home/top_of_the_news/Global-light-naphtha-surplus-could-increase-by-14-million-m-t-by-2020-IHS_69652.html
April 21, 2015
DuPont today reported net income down 28% year-on-year (YOY), to $1.03 billion, on net sales down 9%, to $9.17 billion. Operating earnings totaled $1.34/share, beating analysts’...
http://www.chemweek.com/home/top_of_the_news/DuPont-earnings-fall-on-currency-impacts-but-beat-estimates_69641.html
April 21, 2015
Henkel says that it has signed an agreement to acquire Novamelt (Wehr, Germany), a privately owned company that specializes in pressure-sensitive hot melt adhesives...
http://www.chemweek.com/home/top_of_the_news/Henkel-to-acquire-hot-melt-adhesives-firm-Novamelt_69553.html
April 21, 2015
Lubrizol says that its performance coatings business has added hyperdispersant capacity at its Huddersfield, UK, facility. The new capacity will be used for to manufacture Solsperse...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-adds-hyperdispersant-capacity-in-UK_69547.html
April 21, 2015
Celanese will raise offers for vinyl acetate ethylene (VAE) in China and, separately, the rest of Asia on 24 April, the company says. Asian prices will be increased $55/m.t., while...
http://www.chemweek.com/home/top_of_the_news/Celanese-to-raise-VAE-offers-in-China-rest-of-Asia_69623.html
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