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February 28, 2013
Toyo Engineering (Narashino, Japan) says that it has been awarded a contract to build an ammonia plant for Panca Amara Utama (PAU; Jakarta), a subsidiary of Surya Esa Perkasa (SEP...
http://www.chemweek.com/home/top_of_the_news/Toyo-Engineering-awarded-contract-for-ammonia-project-in-Indonesia_50106.html
February 28, 2013
Bayer achieved its targets for 2012 and has provided guidance for growth through 2015. Speaking at a media briefing, held today in Leverkusen, Marijn Dekkers, CEO, said that all of...
http://www.chemweek.com/home/top_of_the_news/Bayer-maintains-growth-momentum-provides-guidance-for-2015_50114.html
February 27, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility in at its Alvin, TX, site. The PDH unit will use propane...
http://www.chemweek.com/home/top_of_the_news/Ascend-plans-$1-2-billion-on-purpose-propylene-plant-at-Alvin-TX-site_50088.html
February 27, 2013
Tessenderlo Group (Brussels) announced today that it has received an offer from Mitsubishi Chemical, for Tessenderlo’s compounds activities. Terms of the offer were not...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-offers-to-buy-Tessenderlos-compounds-business_50082.html
February 26, 2013
Chemtura reports fourth-quarter net earnings of $27 million, up 13% from the year-ago quarter, as strength in consumer products and agricultural chemicals offset weak conditions in the company’s industrial segments. Sales increased 8%, to $622 million. Reported earnings were 27 cts/share, up 13% from the year-ago quarter, but 13% below the average analyst estimate of 31 cts/share, as reported by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Chemtura-notches-sales-and-earnings-gains-but-misses-estimates_50073.html
February 26, 2013
Ecolab’s fiscal fourth-quarter earnings increased 161% year-on-year (YOY), to $231.4 million, on sales up 65%, to $3.05 billion. Sales and income included adjustments related to...
http://www.chemweek.com/home/top_of_the_news/Ecolab-earnings-rise-on-growth-in-all-segments_50072.html
February 26, 2013
ACC’s monthly Chemical Activity Barometer (CAB) increased for a seventh consecutive month—posting a 0.6% gain over January, to 92.1, and indicating a slow-growing US...
http://www.chemweek.com/home/top_of_the_news/ACCs-CAB-ticks-up-for-seventh-consecutive-month_50070.html
February 26, 2013
Petronas Chemicals (Kuala Lumpur) reports a 12% rise in profits for the quarter ended 31 December 2012, compared with the year-ago quarter, to 988 million ringgit ($319 million)...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-rise-in-quarterly-profits_50066.html
February 26, 2013
Elementis (London) generated $107.1 million in net profit during 2012, a drop of almost 14% on 2011, the company reported today. The company's operating profit nevertheless grew 5%...
http://www.chemweek.com/home/top_of_the_news/Elementiss-profit-drops-14-percent-despite-stable-sales_50063.html
February 26, 2013
BASF today reported significantly higher sales and earnings for fourth-quarter and full-year 2012, and expressed optimism about 2013. Addressing the media in Ludwigshafen, BASF...
http://www.chemweek.com/home/top_of_the_news/BASF-reports-higher-sales-and-earnings-optimistic-about-2013_50062.html
February 26, 2013
Borealis, one the largest European manufacturers of polyolefins, saw its fourth-quarter net profit rise by 72%, driven in part by the company's growing presence in the European...
http://www.chemweek.com/home/top_of_the_news/Borealis-looks-to-its-expanding-fertilizer-business-to-create-a-more-stable-revenue-stream_50060.html
February 26, 2013
Mitsubishi Rayon says that it will launch a new subsidiary called Mitsubishi Rayon Carbon Fiber & Composites (Irvine, CA), on 1 April, by integrating its existing group companies...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Rayon-to-establish-new-subsidiary-in-US-for-carbon-fiber-and-composites-business_50058.html
February 26, 2013
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, says that it entered into a joint venture agreement with Sinopec on 25 February, to build...
http://www.chemweek.com/home/top_of_the_news/SK-Global-Chemical-and-Sinopec-sign-JV-deal-for-BDO-project-in-China-to-invest-$610-million_50057.html
February 25, 2013
The Chinese government has issued a list of chemicals and industries for which chemical pollution prevention and control efforts will be prioritized by 2015. A document from the...
http://www.chemweek.com/home/top_of_the_news/China-blacklists-58-chemicals-on-environmental-grounds-elimination-list-to-be-ready-by-2015_50033.html
February 25, 2013
Indorama Ventures (Bangkok) recorded a net profit of about $5 million in the fourth quarter of 2012 compared with a net loss of about $73 million in the fourth quarter of 2011...
http://www.chemweek.com/home/top_of_the_news/Indorama-swings-to-profit_50040.html
February 25, 2013
Borealis realized a €100-million ($132 million) net profit during the fourth quarter of 2012, up more than 72% on the same period the previous year, the company announced today...
http://www.chemweek.com/home/top_of_the_news/Borealis-posts-fourth-quarter-profit-up-72-percent_50039.html
February 22, 2013
The owners of Evonik Industries, RAG Foundation (Essen, Germany) and CVC Capital Partners, have revived plans to float Evonik Industries, the companies announced today. “Evonik...
http://www.chemweek.com/home/top_of_the_news/RAG-and-CVC-Partners-revive-plans-for-Evoniks-IPO-place-shares-with-investors_50013.html
February 22, 2013
Drug companies looking for speedy turnaround and strong intellectual property (IP) protection for active pharmaceutical ingredient (API) production are moving away from low-cost...
http://www.chemweek.com/home/top_of_the_news/Informex-2013-Bright-outlook-for-US-API-manufacturing_50011.html
February 22, 2013
Evonik Industries says that its CyPlus (Hanau, Germany) subsidiary and Grupo Idesa (Mexico City) are close to signing a joint venture agreement for the construction of a sodium cyanide...
http://www.chemweek.com/home/top_of_the_news/Evonik-and-Idesa-to-form-JV-to-build-sodium-cyanide-plant-in-Mexico_50007.html
February 22, 2013
Industries Qatar (IQ; Doha), one of the largest regional players controlling petrochemical, fertilizer, and steel manufacturing subsidiaries in Qatar, reported record full-year 2012...
http://www.chemweek.com/home/top_of_the_news/Industries-Qatar-reports-record-full-year-profits-transfers-marketing-activities-to-new-firm_50016.html
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