IHS Chemical Week

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August 18, 2014
Hanwha Chemical (Seoul) is acquiring a 50.71% stake in KPX Fine Chemical (Yeosu, South Korea) for 42 billion South Korean won ($40.8 million). The transaction is expected to close by 1...
http://www.chemweek.com/home/top_of_the_news/Hanwha-Chemical-acquires-majority-stake-in-TDI-producer-KPX_63263.html
August 17, 2014
EuroChem (Moscow), Russia’s leading fertilizer producer and one of the largest global players, reports a 3% increase in second-quarter sales to 46.9 billion Russian ruble ($1.34...
http://www.chemweek.com/home/top_of_the_news/EuroChem-reports-higher-fertilizer-sales-benefits-from-competitive-gas-prices_63260.html
August 15, 2014

Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings with SEC on 14 August. Third Point also reports new stakes in DSM and FMC. Jana Partners joined Third Point with a new FMC stake in the second quarter. 

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http://www.chemweek.com/home/top_of_the_news/Third-Point-reports-1-8-percent-Dow-holding-Third-Point-Jana-take-stake-in-FMC_63234.html
August 15, 2014
Sabic has announced that it is going ahead with majorly upgrading its olefins plant at Wilton, UK, to enable it to use ethane gas feedstock imported from the United States. The company...
http://www.chemweek.com/home/top_of_the_news/Sabic-proceeds-with-converting-UK-cracker-to-use-US-ethane_63232.html
August 14, 2014
Clariant will increase ether amines production at the company's Suzano, Brazil facility, the company announced today. The "multimillion Swiss franc" capacity expansion will...
http://www.chemweek.com/home/top_of_the_news/Clariant-to-expand-ether-amines-capacity-in-Brazil-doubling-worldwide-production_63191.html
August 14, 2014
Novozymes (Bagsvaerd, Denmark) reported a net profit of 591 million Danish kronor ($105.9 million) in the second quarter of the year, up 6.3% year-on-year (YOY). Ebit also grew by more...
http://www.chemweek.com/home/top_of_the_news/Novozymes-net-profit-grows-more-than-6-percent-upgrades-earnings-outlook_63186.html
August 14, 2014
Apple announced today that it will ban the use of benzene and n-hexane in the final assembly of its electronics as part of a renewed effort to eliminate unsafe work conditions since...
http://www.chemweek.com/home/top_of_the_news/Apple-bans-benzene-and-n-hexane-from-final-product-assembly_63187.html
August 14, 2014
Potash and magnesium products producer K+S (Kassel, Germany) today reported a 23.4% decline in second-quarter net profit, to €81.1 million ($108.4 million), on sales 10% down, to...
http://www.chemweek.com/home/top_of_the_news/K+S-reports-lower-sales-and-earnings-expects-full-year-revenues-to-decline_63178.html
August 14, 2014
Sener, Mexico's ministry of energy; and the National Hydrocarbons Commission (Mexico City) have assigned to Petróleos Mexicanos (Pemex) the rights to 83% of the country's...
http://www.chemweek.com/home/top_of_the_news/Pemex-awarded-all-of-the-proven-and-possible-reserves-it-requested-in-Mexicos-energy-reform_63183.html
August 14, 2014
Borealis today reported improved second-quarter results and said that the recently signed contract with North American ethane suppliers will reduce its operating costs in Europe. Mark...
http://www.chemweek.com/home/top_of_the_news/Borealis-reports-improved-results-says-ethane-deal-will-reduce-costs-significantly_63180.html
August 14, 2014
PhosAgro(Moscow), a leading fertilizer producer, has signed a contract with Chemoproject Nitrogen for the design, engineering and procurement of equipment for a 500,000-m.t./year...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-awards-urea-plant-contract-to-Chemoproject-Nitrogen_63184.html
August 13, 2014
BASF's venture capital business says it has invested €1.0 million ($1.3 million) in the technology company SmartKem (St. Asaph, UK), a leader in R&D of high-performance...
http://www.chemweek.com/home/top_of_the_news/BASF-invests-in-organic-semiconductor-inks-firm-SmartKem_63145.html
August 13, 2014
Specialty chemicals distributor IMCD Group (Rotterdam) posted a a 22% increase in net profit before amortization and nonrecurring items for the first half of 2014 compared with the...
http://www.chemweek.com/home/top_of_the_news/IMCD-posts-first-results-since-IPO-big-increases-in-sales-and-earnings_63143.html
August 13, 2014
Allana Potash (Toronto) has awarded Amec's Americas arm a contract to complete front-end engineering and design (FEED) work on its 1-million m.t./year Danakhil potash project in...
http://www.chemweek.com/home/top_of_the_news/Allana-Potash-awards-FEED-contract-to-Amec_63142.html
August 13, 2014
Indian Oil (New Delhi) says that its previously announced polypropylene (PP) project at Paradip, India, is expected to be completed in September 2017. The project was approved by the...
http://www.chemweek.com/home/top_of_the_news/Indian-Oils-PP-project-at-Paradip-to-be-completed-in-2017_63141.html
August 13, 2014
Merck KGaA today reported a 4% decline in second-quarter net income, to €303.3 million ($404.9 million). Acquisition-related one-time items, lower royalty, license and commission...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-reports-lower-second-quarter-net-income-confirms-outlook_63140.html
August 13, 2014
MEO Australia (Melbourne) announced today that it has put up for sale a stake in its previously reported Tassie Shoal methanol and liquefied natural gas (LNG) projects after receiving...
http://www.chemweek.com/home/top_of_the_news/MEO-Australia-to-sell-stake-in-methanol-and-LNG-projects_63049.html
August 12, 2014
Nova Chemicals reports second-quarter profit of $167 million, down 17% year-on-year (YOY) from $201 million, with lower margins in the olefins segments partially offset by higher margins in polyethylene. Sales slipped 5.8%, to $1.29 billion....
http://www.chemweek.com/home/top_of_the_news/Nova-quarterly-profit-down-17-percent-PE-gains-offset-by-weak-olefins_63126.html
August 12, 2014
Valspar says that net income for the quarter ended 25 July was $97.8 million, up 4% year-on-year (YOY). Reported earnings of $1.14/share dipped slightly below analyst estimates of...
http://www.chemweek.com/home/top_of_the_news/Valspar-results-up-on-strength-in-coatings_63127.html
August 12, 2014
Mepron helps dairy cows produce more milk without additional crude protein in their feed. Evonik Industries announced on 12 August that it will construct a methionine production plant...
http://www.chemweek.com/home/top_of_the_news/Evonik-to-build-amino-acid-production-unit-at-Mobile-AL_63130.html
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