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February 26, 2015
Mexichem (Tlalnepantla, Mexico) today reported a $27-million net loss for the fourth quarter of 2014 compared with a net loss of $8 million in the corresponding quarter of 2013...
http://www.chemweek.com/home/top_of_the_news/Mexichems-net-loss-widens-despite-higher-sales_68116.html
February 26, 2015
Solvay today reported net income of €158 million ($179.4 million) during the last quarter of 2014, up from €29 million one year earlier. Recurring Ebitda (Rebitda) was...
http://www.chemweek.com/home/top_of_the_news/Solvays-net-profit-soars-but-functional-polymers-sales-shrink_68113.html
February 26, 2015
Singapore’s chemicals cluster output slipped 0.5% YOY in January, the country's Economic Development Board (EDB) said today. However, the country’s overall manufacturing...
http://www.chemweek.com/home/top_of_the_news/Singapores-chemicals-output-slips-on-lower-petchems-production_68109.html
February 26, 2015
Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On...
http://www.chemweek.com/home/top_of_the_news/Axiall-Lotte-delay-decision-on-Louisiana-cracker-project_68095.html
February 26, 2015
The United Steelworkers (USW; Pittsburgh) union and the North America’s Building Trades Unions (NABTU; Washington) issued a joint statement on 25 February, clarifying what the...
http://www.chemweek.com/home/top_of_the_news/USW-NABTU-unions-clarify-labor-negotiations-during-refinery-strike_68102.html
February 26, 2015
Mitsubishi Gas Chemical (MGC) says that it will increase its stake in foamed plastics firm JSP Corp. (Tokyo) from 42% to about 51%, through a tender offer. JSP, which was established...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Gas-Chemical-to-increase-stake-in-foamed-plastics-firm-JSP_68114.html
February 26, 2015
Ferro says that it has acquired privately held TherMark Holdings (Irvine, CA), a leader in laser marking technology, for $5.5 million in cash. TherMark, which was founded in 1996, is...
http://www.chemweek.com/home/top_of_the_news/Ferro-acquires-laser-marking-technology-provider-TherMark_68112.html
February 25, 2015
The German chemical marked a year of ups and downs in 2014 with a weak quarter, chemical industry trade association VCI (Frankfurt) says in its latest summary. Sales for the full year...
http://www.chemweek.com/home/top_of_the_news/Germanys-chemical-industry-closes-2014-on-weak-note-production-expected-to-grow-1-5-percent-in-2015_68070.html
February 25, 2015
Kraton Performance Polymers reports a loss for the fourth quarter $17.4 million  compared with net profit of $4.9 million in the same year-ago quarter on inventory revaluation. Sales totaled $276 million, down 4.9% YOY on currency effects, the company says. Adjusted earnings of 16 cts/share beat the analysts’ consensus estimate of a 4-ct/share loss, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Kraton-swings-to-loss-but-beats-analyst-estimates_68080.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/home/top_of_the_news/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68075.html
February 25, 2015
Deinove (Montpelier, France), a biotech company that develops innovative processes to produce biofuels and biobased chemicals by using Deinococcus bacteria as host strains, today...
http://www.chemweek.com/home/top_of_the_news/Deinove-granted-patent-in-the-US-for-second-generation-bioethanol-production-process_68076.html
February 25, 2015
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, announced today that its board of directors on...
http://www.chemweek.com/home/top_of_the_news/Petro-Rabigh-plans-a-50-day-shutdown-of-all-facilities-for-turnaround_68074.html
February 25, 2015
Brenntag says that it has agreed to acquire Lionheart Chemical Enterprises (Johannesburg), a specialty chemicals distributor in the South African market operating mainly in the food...
http://www.chemweek.com/home/top_of_the_news/Brenntag-to-acquire-specialty-chemicals-distributor-in-South-Africa_68064.html
February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/home/top_of_the_news/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
February 25, 2015
Private equity company Apax Partners has signed a binding agreement to acquire specialty chemicals distributor Azelis (Antwerp) from another private equity firm, 3i Group. Apax and 3i...
http://www.chemweek.com/home/top_of_the_news/Private-equity-firm-Apax-Partners-confirms-acquisition-of-specialties-distributor-Azelis_68072.html
February 24, 2015
Air Liquide and Sasol have signed a long-term agreement for the supply of large quantities of industrial gases to Sasol’s Secunda, South Africa, site about 140 kilometers east of...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-to-build-worlds-largest-ASU-in-South-Africa-to-supply-Sasol_68050.html
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
http://www.chemweek.com/home/top_of_the_news/Alpeks-loss-widens-in-fourth-quarter-exits-Russian-JV_68051.html
February 24, 2015
Croda's (Goole, UK) revenue for the fourth quarter of 2014 was £250.2 million ($385.3 million), up 1.5% year-on-year, the company announced today. Sales by the consumer-care...
http://www.chemweek.com/home/top_of_the_news/Crodas-sales-up-in-the-fourth-quarter-despite-currency-effects_68037.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/home/top_of_the_news/LyondellBasells-CFO-to-leave-the-company_68035.html
February 24, 2015
Royal Dutch Shell says that it has made a final investment decision to rebuild the Ellba propylene oxide–styrene monomer (POSM) plant at Shell Chemicals' Moerdijk, Netherlands...
http://www.chemweek.com/home/top_of_the_news/Shell-confirms-plans-to-rebuild-Moerdijk-POSM-unit-aromatics-plant-back-onstream-cracker-to-restart-in-third-quarter_68034.html
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