IHS Chemical Week

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October 22, 2014
Yara International (Oslo), a leading global fertilizer producer, today reported increases in third-quarter earnings and revenues. Net income, after minority interest, rose by 9%...
http://www.chemweek.com/home/top_of_the_news/Yara-reports-higher-sales-and-earnings-buoyed-by-lower-energy-costs_64660.html
October 21, 2014
Croda International (Goole, UK) has appointed Jez Maiden as new group finance director to take over from Sean Christie, who will step down in 2015 after nine years in the role. Maiden...
http://www.chemweek.com/home/top_of_the_news/Croda-appoints-new-group-finance-director_64439.html
October 21, 2014
CB&I says that it has been awarded a contract by Shandong Sincier Petrochemical for the license and engineering design of a gasification unit to be built near Dongying in Shandong...
http://www.chemweek.com/home/top_of_the_news/Chinese-firm-selects-CB-and-I-gasification-technology_64512.html
October 21, 2014
OCI (Seoul) said today that it is to sell its entire stake in the OCI-SNF (Seoul) joint venture for 95.7 billion South Korean won ($89.9 million). OCI-SNF produces and markets water...
http://www.chemweek.com/home/top_of_the_news/OCI-to-sell-stake-in-water-treatment-chemicals-producer-OCI-SNF_64520.html
October 21, 2014
BASF says that it has agreed to sell its global textile chemicals business to Archroma (Reinach, Switzerland), a supplier of specialty chemicals to the textile, paper, and emulsions...
http://www.chemweek.com/home/top_of_the_news/BASF-to-sell-global-textile-chemicals-business-to-Archroma_64543.html
October 21, 2014
Arkema announced today that it has joined forces with CEA, a research group focusing on energy and technological innovation, and Arjowiggins Creative Papers, the world’s leader...
http://www.chemweek.com/home/top_of_the_news/Arkema-CEA-and-Arjowiggins-join-forces-in-printed-electronics-collaboration_64602.html
October 21, 2014
Sumitomo Chemical announced today that it has revised its consolidated financial forecast for the half-year, ending 30 September, compared with what it had announced on 12 May. The...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-upgrades-forecast_64635.html
October 21, 2014
AkzoNobel today reported a 32% rise in third-quarter net income, to €205.0 million ($262.9 million), on 2% lower sales of €3.69 billion. Ebitda was 7% higher, at €487.0...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-reports-higher-earnings-lower-sales-in-challenging-conditions_64631.html
October 21, 2014
Nilit (Migdal HaEmek, Israel), a manufacturer of nylon-6,6 for thermoplastics and apparel applications, has signed an agreement to acquire Invista’s Americana, Brazil...
http://www.chemweek.com/home/top_of_the_news/Israeli-firm-to-acquire-Invistas-nylon-plant-in-Brazil_64630.html
October 21, 2014
The European Commission has issued a statement of objections to Honeywell and DuPont, citing its preliminary view that joint cooperation entered into 2010 concerning the production of refrigerant R-1234yf, also known as HFO-1234yf, used in automotive air-conditioning systems may have breached European Union (EU) antitrust rules....
http://www.chemweek.com/home/top_of_the_news/European-Commission-investigates-DuPont-and-Honeywell-refrigerant-collaboration_64645.html
October 21, 2014
Christophe de Margerie, 63 and CEO of energy major Total, was killed at Moscow’s Vnukovo international airport last night when a business jet collided with a snow plow during...
http://www.chemweek.com/home/top_of_the_news/CEO-of-Total-killed-in-plane-crash-at-Moscow-airport_64629.html
October 21, 2014
Israel Chemicals (ICL, Tel Aviv) says that the final report of the Sheshinski Committee, presented to the Finance Ministry yesterday, will not cause it to reconsider its decision to...
http://www.chemweek.com/home/top_of_the_news/ICL-to-cut-investments-close-plants-as-final-Sheshinski-report-would-impose-the-worlds-highest-tax_64640.html
October 21, 2014
Saudi Kayan, a Sabic affiliate, today reported a 54.6% rise in third-quarter net profit to 66.91 million Saudi riyals ($17.8 million) compared with the year-earlier quarter. Operating...
http://www.chemweek.com/home/top_of_the_news/Saudi-firms-report-mixed-results_64604.html
October 21, 2014
Arkema says that it has finalized the creation of Sunke, the previously announced joint venture with Jurong Chemical (Yancheng, China), the leading acrylic acid manufacturer in China...
http://www.chemweek.com/home/top_of_the_news/Arkema-finalizes-creation-of-acrylic-acid-JV-with-Jurong-Chemical-in-China_64637.html
October 21, 2014
Shire (Dublin) says that its board has agreed with AbbVie (Chicago) to terminate their previously announced agreement for the acquisition of Shire. AbbVie announced in July that it...
http://www.chemweek.com/home/top_of_the_news/AbbVie-and-Shire-terminate-$51-billion-deal_64632.html
October 20, 2014
Celanese (Dallas, TX) reports third-quarter income of $252 million, up 47% year over year (YOY) from $172 million. Net sales totaled $1.77 billion, unchanged YOY. Earnings per share (EPS) were $1.61 were up 10% YOY from $1.47....
http://www.chemweek.com/home/top_of_the_news/Celanese-net-income-rises-47-percent_64625.html
October 20, 2014

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical.

...

http://www.chemweek.com/home/top_of_the_news/BASF-Totals-propylene-unit-back-online-after-catalyst-change_64622.html
October 20, 2014
Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....
http://www.chemweek.com/home/top_of_the_news/Celanese-acquires-Cool-Polymers_64621.html
October 20, 2014
Rosneft’s chairman Igor Sechin and Marco Tronchetti Provera, Pirelli’s chairman, have signed a memorandum of understanding, which will lead to the production and sales of...
http://www.chemweek.com/home/top_of_the_news/Rosneft-and-Pirelli-sign-MOU-to-develop-synthetic-rubber-production-in-Russias-Far-East_64599.html
October 20, 2014
LG Chem (Seoul) today reported a major drop in third-quarter earnings. Net profit plunged 34.2%, to 231.9 billion South Korean won ($218.8 million), the company says in a filing to the...
http://www.chemweek.com/home/top_of_the_news/LG-Chems-third-quarter-earnings-tumble_64598.html
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