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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
February 22, 2013
Elementis Specialties has agreed to purchase the assets of Hi-Mar Specialty Chemicals (Milwaukee), a coatings additives company, for $33 million in cash. Hi-Mar, formerly a Hickson...
http://www.chemweek.com/home/top_of_the_news/Elementis-acquires-coatings-additives-firm-Hi-Mar-Specialty-Chemicals_50017.html
February 22, 2013
Oversupply and sluggish demand will continue to impact the price of acrylonitrile butadiene styrene (ABS) in Europe throughout 2013 with changes mostly dictated by feedstock prices, a...
http://www.chemweek.com/home/top_of_the_news/European-ABS-prices-likely-to-remain-stagnant-during-2013-due-to-poor-demand-oversupply_49993.html
February 22, 2013
Sibur and Reliance Industries held a ground breaking ceremony today on a previously announced butyl rubber joint venture project at Jamnagar, India, the companies announced today. The...
http://www.chemweek.com/home/top_of_the_news/Reliance-and-Sibur-break-ground-on-butyl-rubber-project-at-Jamnagar-India_50012.html
February 21, 2013
Under federal antitrust law, the damages could be tripled to $1.2 billion if the verdict is sustained...
http://www.chemweek.com/home/top_of_the_news/Jury-orders-Dow-to-pay-$400-million-for-urethanes-price-fixing_49998.html
February 21, 2013
BASF says that it has signed an agreement with Bend Research (Bend, OR) to jointly evaluate and develop novel excipients to enhance the solubility and bioavailability of poorly soluble...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Bend-Research-collaborate-to-improve-solubility-and-bioavailability-of-drugs_49992.html
February 21, 2013
Mitsubishi Chemical has revised its earnings and sales forecasts for the full fiscal year ending 31 March. Mitsubishi expects to record net profits of ¥23 billion ($246.5million)...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-revises-earnings-sales-projections_49987.html
February 21, 2013
Lubrizol and Sekisui Chemical (Tokyo) say that they have agreed to establish a joint venture company in Thailand to manufacture chlorinated polyvinyl chloride (CPVC) resin. The jv...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-and-Sekisui-Chemical-to-establish-JV-to-manufacture-chlorinated-PVC-in-Thailand_49984.html
February 21, 2013
Mitsui Chemicals says that it has entered into a share purchase agreement with shareholders including the management of KOC Solution (Taejon, South Korea), a manufacturer and...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-acquires-majority-stake-in-Korean-optical-lens-monomer-company_49985.html
February 21, 2013
Huntsman’s pigments division announced its intention to increase titanium dioxide (TiO2) prices globally, effective 15 March. In Europe, TiO2 will increase by €230/m.t...
http://www.chemweek.com/home/top_of_the_news/Huntsman-and-Kronos-announce-titanium-dioxide-price-hikes_49982.html
February 21, 2013
Ineos has announced that, following an internal asset review, it will restructure its chlor-vinyls business to address overcapacity in chlorine, vinyl chloride monomer (VCM), and...
http://www.chemweek.com/home/top_of_the_news/Ineos-restructures-chlor-vinyls-business-including-plant-closures_49114.html
February 20, 2013
AkzoNobel has accelerated its previously announced restructuring program, and announced a new set of financial targets to be achieved by the end of 2015. The company also announced a...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-accelerates-restructuring-and-announces-new-targets-launches-customer-focused-strategy_49968.html
February 20, 2013
Air Products says it has won its second-largest air separation unit (ASU) on-site order for a single project. The company has signed a long-term agreement with Shanxi Lu'An Mining...
http://www.chemweek.com/home/top_of_the_news/Air-Products-wins-contract-for-four-on-site-ASUs-as-part-of-China-coal-gasification-project_49970.html
February 20, 2013
DSM's fourth-quarter 2012 net profit fell by 75%, to €21 million ($28 million), compared with the €85 million reported in the fourth quarter a year earlier, the company...
http://www.chemweek.com/home/top_of_the_news/DSMs-fourth-quarter-net-profit-down-75-percent-despite-higher-sales_49966.html
February 20, 2013
PhosAgro (Moscow), a leading integrated phosphate fertilizer producer, will launch a compulsory buyout of all remaining shares owned by minority shareholders in Apatit (Murmansk...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-launches-squeeze-out-for-Russias-strategic-phosphate-rock-asset-Apatit_49965.html
February 20, 2013
IMCD (Rotterdam), a fast-growing distributor of specialty chemicals, pharma, and food ingredients, has acquired Indchem International (Mumbai), an established player in the Indian...
http://www.chemweek.com/home/top_of_the_news/IMCD-acquires-Indian-pharma-ingredients-distributor-Indchem-International_49963.html
February 19, 2013
Record ammonia shipments in the fourth quarter contributed to CF Industries’ increase in net earnings—up 7%, to $470.7 million year-on-year (YOY). Results include $13.1...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-reports-higher-earnings-on-increased-ammonia-volumes_49959.html
February 19, 2013
Rockwood’s fourth-quarter earnings declined 66% year-on-year (YOY), to $21.2 million, or 26 cts/share, on sales up 1.8%, to $829 million. Earnings for the 2012 fourth-quarter...
http://www.chemweek.com/home/top_of_the_news/Rockwood-earnings-fall-on-weak-TiO2-additives-results_49942.html
February 19, 2013
Grovepoint (London), a private investment company, says it has acquired a majority stake in biotech company Algatechnologies (Hevel Eilot, Israel), a rapidly growing firm specializing...
http://www.chemweek.com/home/top_of_the_news/Grovepoint-acquires-majority-stake-in-biotech-firm-Algatechnologies_49932.html
February 19, 2013
Tosoh recorded a 21.8% fall in net profits for its fiscal first 9 months, ended 31 December 2012, compared with the year-ago period, to ¥5.5 billion ($58.8 million). Nine-month...
http://www.chemweek.com/home/top_of_the_news/Tosoh-reports-fall-in-profits_49931.html
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