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October 24, 2014
The American Chemistry Council (ACC) today released its monthly global chemical production index (Global CPRI), with the CPRI rising 0.1% over September on a three-month moving average...
http://www.chemweek.com/home/top_of_the_news/ACC-Global-CPRI-inches-up-production-slows-in-third-quarter_64786.html
October 24, 2014
LyondellBasell reports third-quarter net income of $1.257 billion, up 48% year-over-year (YOY) from $851 million. Sales totaled $12.066 billion, an 8% YOY increase from $11.152 billion. At $2.45, diluted earnings per share were well ahead of the analysts’ consensus estimate of $2.29 reported by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-third-quarter-income-up-48-percent-YOY-on-Americas-olefins-and-polyolefins_64789.html
October 24, 2014
The European Council, the institution of the heads of state or government of the member states of the European Union, has agreed on the 2030 climate and energy policy framework for the...
http://www.chemweek.com/home/top_of_the_news/European-leaders-set-ambitious-climate-energy-targets-for-2030_64780.html
October 24, 2014
Westlake says it will invest over $330 million to expand ethylene capacity at its facility in Lake Charles, LA, by 250 million lbs/year and to make other capital improvements. The company expects to complete the expansion in late 2015 or early 2016....
http://www.chemweek.com/home/top_of_the_news/Westlake-plans-$330-million-ethylene-expansion-improvements-at-Lake-Charles_64738.html
October 24, 2014
Air Liquide has reported that its third-quarter revenue was €3.8 billion ($4.81 billion), up 1% year-on-year (YOY) on a reported basis and 4.3% YOY on a comparable basis...
http://www.chemweek.com/home/top_of_the_news/Air-Liquides-revenue-boosted-by-growth-in-emerging-markets_64778.html
October 24, 2014
BASF today reported a slight increase in third-quarter Ebitda to €2.52 billion ($3.19 billion) compared with €2.49 billion in the year-earlier quarter. Earnings before...
http://www.chemweek.com/home/top_of_the_news/BASF-raises-third-quarter-sales-and-earnings-unlikely-to-achieve-2015-targets_64774.html
October 23, 2014
OxyChem, the chemical segment of Occidental Petroleum, has reported pre-tax earnings for the third quarter of $140 million, down 23% year-on-year from $181 million. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity, as well as lower overall margins resulting from higher ethylene and natural gas costs....
http://www.chemweek.com/home/top_of_the_news/OxyChem-third-quarter-earnings-drop-23-percent-on-lower-prices-higher-costs_64717.html
October 23, 2014
Airgas reports a 6% year-over-year (YOY) increase in sales, to $1.36 billion for the quarter ended 30 September, with acquisitions, gas and rent, and hardgoods contributing to growth...
http://www.chemweek.com/home/top_of_the_news/Airgas-reports-4-percent-earnings-growth_64716.html
October 23, 2014
PotashCorp today reported third quarter net income of $317 million, down 10% year-over-year (YOY). The company says that although potash and nitrogen performance improved YOY, higher...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-third-quarter-earnings-dip-on-lower-offshore-contributions_64715.html
October 23, 2014
Fluor Corp., in a joint venture with Technip, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the Petronas Refinery...
http://www.chemweek.com/home/top_of_the_news/Fluor-and-Technip-awarded-another-Rapid-contract-in-Malaysia_64704.html
October 23, 2014
Novozyme (Bagsvaerd, Denmark) reported a 12% increase in net profit during the third quarter, to 637 million Danish krone ($108.6 million) compared with DK568 million in the...
http://www.chemweek.com/home/top_of_the_news/Novozymes-upgrades-2014-outlook-net-profit-grows-12-percent-in-the-third-quarter_64703.html
October 23, 2014
SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich (St. Louis), reports a 2.4% increase in sales in the third quarter of 2014 compared with the...
http://www.chemweek.com/home/top_of_the_news/SAFC-reports-rise-in-third-quarter-sales_64701.html
October 23, 2014
Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced a major increase in profits for the third quarter and...
http://www.chemweek.com/home/top_of_the_news/Petro-Rabigh-raises-profits_64700.html
October 23, 2014
BorsodChem (Kazincbarcika, Hungary) says it has started preparations to replace its 125,000-m.t./year mercury-cell chlor-alkali plant at Kazincbarcika with a membrane-cell plant. The...
http://www.chemweek.com/home/top_of_the_news/BorsodChem-launches-mercury-cell-chlor-alkali-plant-replacement-project_64699.html
October 23, 2014
PhosAgro (Moscow) today reported an increase in fertilizer output and sales during the first nine months of 2014. Production rose 5.6% to 4.59 million m.t. Sales were up 4.3% to 4.61...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-reports-higher-fertilizer-production-and-sales_64698.html
October 23, 2014
Asian Paints (Mumbai) said on Wednesday that its wholly owned subsidiary Berger International (Singapore) has signed a definitive agreement to acquire a 51% stake in the Ethiopian firm...
http://www.chemweek.com/home/top_of_the_news/Asian-Paints-signs-agreement-to-acquire-Ethiopian-firm-plans-to-invest-in-Indonesia_64697.html
October 23, 2014
Mesaieed Petrochemical Holding Co. (MPHC; Doha), a listed subsidiary of Qatar Petroleum and one of the leading diversified petrochemical conglomerates, reported a 1.38 billion Qatari...
http://www.chemweek.com/home/top_of_the_news/Mesaieed-Petrochemical-Holding-discloses-interim-financial-statement_64642.html
October 23, 2014
Sipchem today reported a 13% decrease in third-quarter net profit to 160.6 million Saudi riyals ($42.8 million) and a 15% drop in operating profit to SR270.0 million. Sales were not...
http://www.chemweek.com/home/top_of_the_news/Sipchems-third-quarter-profits-slide_64638.html
October 23, 2014
BASF today appointed Sanjeev Gandhi, 47, to the board of executive directors, effective 1 December 2014. Gandhi, currently head of BASF’s intermediates division, will replace...
http://www.chemweek.com/home/top_of_the_news/BASF-shuffles-executive-board-as-one-member-retires_64695.html
October 23, 2014
Private equity firms are mulling possible offers for Bayer MaterialScience (BMS), the German life science company’s major polyurethanes and polycarbonates business, according to...
http://www.chemweek.com/home/top_of_the_news/Report-Private-equity-firms-eyeing-Bayer-MaterialScience_64694.html
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