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July 22, 2015
S-Oil (Seoul), a major oil refiner and producer of aromatics, on Wednesday reported an increase in second-quarter earnings. The company, a subsidiary of Saudi Aramco, says  that...
http://www.chemweek.com/home/top_of_the_news/S-Oils-second-quarter-earnings-soar-sales-are-down_72353.html
July 22, 2015
Huchems Fine Chemical is to invest 550 million South Korean won ($433,679) to set up a wholly owned subsidiary at Ho Chi Minh City, the company says in a filing to the Korea Stock...
http://www.chemweek.com/home/top_of_the_news/Huchems-Fine-Chemical-to-establish-fertilizer-subsidiary-in-Vietnam_72352.html
July 22, 2015
Johnson Matthey on Wednesday released its first-quarter trading update covering the quarter ended 30 June. Group sales were up 6%, to £797 million ($1.25 billion), while...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-reports-higher-sales-on-robust-catalysts-demand_72349.html
July 22, 2015
Mitsui Chemicals on Wednesday said it has revised its sales and earnings forecast for the first half of the year, covering 1 April–30 September, to reflect improved business...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-upgrades-earnings-forecast-on-high-naphtha-cracker-operating-rates_72348.html
July 21, 2015
Brazil’s cumulative chemical trade deficit reached $12.5 billion in the first half of this year, according to figures disclosed by the country's chemical industry association...
http://www.chemweek.com/home/top_of_the_news/Brazils-chemical-trade-deficit-drops-in-first-half-as-economic-slowdown-dents-domestic-demand_72335.html
July 21, 2015
Croda's (Goole, UK) profit after tax for the first six months of 2015 stood at £97.3 million ($151.6 million), up 11% year-on-year (YOY), according to the company's unaudited...
http://www.chemweek.com/home/top_of_the_news/Crodas-profit-up-in-first-six-months_72334.html
July 21, 2015
Cepsa (Madrid), a subsidiary of International Petroleum Investment Co. (Abu Dhabi), says it has agreed to acquire the 49% it does not already own in a linear alkyl benzene (LAB) plant...
http://www.chemweek.com/home/top_of_the_news/Cepsa-to-acquire-full-control-of-LAB-plant-in-Canada_72333.html
July 21, 2015
AkzoNobel has posted a 61% increase in net income for the second quarter compared with the corresponding period of last year, to €331 million ($361.7 million), on sales up 6%, to...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-beats-estimates-on-currency-effects-restructuring_72332.html
July 21, 2015
Versalis's (Milan) wholly owned Pacific trading subsidiary said on Tuesday that it has signed a styrene butadiene rubber (SBR) sales agreement with Reliance Industries (Mumbai) to...
http://www.chemweek.com/home/top_of_the_news/Versalis-to-sell-SBR-from-Reliances-Indian-plant-in-China_72331.html
July 21, 2015
UOP, a Honeywell subsidiary, said on Tuesday that China’s Ningxia Baota Chemical Fiber Co. will use the latest generation UOP technologies and equipment to build an...
http://www.chemweek.com/home/top_of_the_news/UOP-to-provide-technology-for-large-aromatics-complex-in-China_72330.html
July 21, 2015
Victrex (Thornton Cleveleys, UK), the leading global producer of the high-performance polymer polyetheretherketone (PEEK), on Tuesday announced its interim management statement for the...
http://www.chemweek.com/home/top_of_the_news/Victrex-reports-flat-sales-on-higher-volumes-acquires-Kleiss-Gears_72329.html
July 21, 2015
BASF and Linde executives met energy officials in Tehran on Monday to discuss potential investment and transfer of technology, says She’ri Moqaddam, managing director of Iran's...
http://www.chemweek.com/home/top_of_the_news/BASF-chairman-part-of-German-delegation-to-discuss-return-to-Iran-in-postsanctions-era_72328.html
July 21, 2015
Mexichem's (Tlalnepantla, Mexico) net majority income in the second quarter of 2015 totaled $64.4 million, up 29% year-on-year (YOY). Ebitda for the same period was up 3% YOY, to...
http://www.chemweek.com/home/top_of_the_news/Mexichems-net-income-sales-increase_72336.html
July 21, 2015
Yara International (Oslo), a leading global fertilizer producer, on Tuesday reported second-quarter net income after noncontrolling interests of 2.92 billion Norwegian kroner ($354.1...
http://www.chemweek.com/home/top_of_the_news/Yara-International-reports-strong-second-quarter-results-on-lower-gas-prices_72327.html
July 21, 2015
BASF and Petronas Chemicals on Tuesday said they will build a world-scale production plant for highly reactive polyisobutene (HR-PIB) at the site of their existing joint venture, BASF...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Petronas-to-build-polyisobutene-plant-at-Kuantan-Malaysia_72326.html
July 20, 2015
Ciner Group (Istanbul) is bulking up its soda ash business with the acquisition of OCI Resources, a master limited partnership that owns a 51% controlling interest in OCI Wyoming. OCI Enterprises (Atlanta), a North American subsidiary of OCI Co. (Seoul), has agreed to sell its 75% stake in OCI Resources to Park Holding, a subsidiary of Ciner Group. Financial terms have not been not disclosed....
http://www.chemweek.com/home/top_of_the_news/Turkeys-Ciner-Group-to-acquire-75-percent-stake-in-OCI-Resources_72314.html
July 20, 2015
Unipetrol (Prague), a petrochemicals producer majority owned by the PKN Orlen Group (Plock, Poland), on Monday is shutting its ethylene unit at Litvinov, Czech Republic, for an...
http://www.chemweek.com/home/top_of_the_news/Czech-petchems-producer-closes-steam-cracker-for-unplanned-maintenance_72298.html
July 20, 2015
Gulf Petrochemical Industries Co. (GPIC; Manama) has met its targets in the first half of this year, the company’s president Abdulrahman Jawahery has announced. The results were...
http://www.chemweek.com/home/top_of_the_news/GPIC-meets-production-and-export-targets-in-first-half_72297.html
July 20, 2015
The historic deal on 14 July in Vienna between six world powers and Iran that limits Iran’s nuclear program in exchange for lifted sanctions on the Islamic republic could unleash...
http://www.chemweek.com/home/top_of_the_news/Irans-petchems-sector-could-be-flooded-with-foreign-investment-as-sanctions-are-lifted_72296.html
July 20, 2015
Celanese continues to develop plans for a second joint venture methanol project with Mitsui & Co., says chairman and CEO Mark Rohr. Celanese already has permits to build at Bishop, TX, but other locations are being considered, and the company is recruiting additional partners, he says....
http://www.chemweek.com/home/top_of_the_news/Celanese-considers-alternative-locations-additional-partners-for-second-methanol-project-with-Mitsui_72313.html
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