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April 30, 2014
Tokuyama (Tokyo) reports a net profit of ¥10.2 billion ($99.8 million) for the fiscal year ended 31 March compared with a net loss of ¥37.9 billion in the previous fiscal year...
http://www.chemweek.com/home/top_of_the_news/Tokuyama-swings-to-profit_60680.html
April 29, 2014
Lion Copolymer (Geismar, LA) has completed an engineering study for the addition of an ethylene propylene diene monomer production line at its facility at Geismar. The company says it is also considering how to strengthen its raw materials position, including shared investment in a new ethane cracker....
http://www.chemweek.com/home/top_of_the_news/Lion-Copolymer-plans-US-EPDM-expansion-considers-share-of-ethane-cracker_60677.html
April 29, 2014
Dow Corning’s first-quarter results improved markedly as stronger silicones volumes and long-term polysilicon contracts helped the Dow Chemical–Corning joint venture...
http://www.chemweek.com/home/top_of_the_news/Dow-Corning-posts-higher-profits-and-sales_60666.html
April 29, 2014
Bayer MaterialScience announced today that it has been issued the final construction and operating permit necessary to expand and operate its hydrochloric acid facility at...
http://www.chemweek.com/home/top_of_the_news/Bayer-Dormagen-hydrochloric-acid-expansion-gets-green-light_60667.html
April 29, 2014
Honeywell Resins and Chemicals announced today that it will expand production capacity at its Chesterfield, VA, facility to meet demand for high-grade nylon polymers for packaging film...
http://www.chemweek.com/home/top_of_the_news/Honeywell-to-expand-nylon-capacity-at-Chesterfield_60662.html
April 29, 2014
Westlake Chemical has announced plans to carve out its ethylene assets and place them into a separately traded limited partnership....
http://www.chemweek.com/home/top_of_the_news/Westlake-to-place-ethylene-assets-in-limited-partnership_60664.html
April 29, 2014
LyondellBasell reports first-quarter net income of $944 million, up 5% year-on-year on gains in Europe and Asia. Sales increased 4.4% YOY to $11.1 billion. Earnings of $1.72/share beat the consensus estimate of $1.71/share by a nose....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-net-income-up-5-percent-YOY-short-of-analyst-consensus_60663.html
April 29, 2014
Huntsman swung to profit and beat Wall Street estimates as restructuring in its advanced materials and textile effects businesses and Ebitda gains in four out of five segments boosted...
http://www.chemweek.com/home/top_of_the_news/Huntsman-swings-to-profit_60661.html
April 29, 2014
ACC today released its global chemical production index (CPRI), which has risen 0.4% on a three-month moving average basis (3MMA) over March, indicating a good start to the first...
http://www.chemweek.com/home/top_of_the_news/ACC-production-index-grows_60659.html
April 29, 2014
Arle Capital (London), a private equity firm spun out of Candover Investments (London) in 2010, is to acquire Innovia (Wigton, UK), a manufacturer of specialty films for labels...
http://www.chemweek.com/home/top_of_the_news/Arle-Capital-to-acquire-supplier-of-polymer-for-new-UK-banknotes_60653.html
April 29, 2014
Sumitomo Chemical says that it will expand production capacity for lithium-ion (Li-ion) secondary battery separators at its Ohe production complex at Niihama, Japan...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-expands-Li-ion-battery-separator-production-capacity-in-Japan_60590.html
April 29, 2014
Wolfgruber: Aiming to increase our presence in Asia. Altana (Wesel, Germany) says that the company is significantly expanding its presence in China. Altana’s Actega coating and...
http://www.chemweek.com/home/top_of_the_news/Altana-opens-China-research-facility-for-coatings-sealants-will-build-additives-plant-expand-capacity-for-wire-enamels_60651.html
April 29, 2014
Versalis (Milan), the chemical subsidiary of ENI (Rome), reports an adjusted first-quarter 2014 operating loss of €89 million ($123.4 million) compared with an operating loss of...
http://www.chemweek.com/home/top_of_the_news/Versalis-reports-higher-first-quarter-losses-on-track-to-reduce-exposure-to-commodities_60650.html
April 29, 2014
Sinopec’s chemicals segment reports an operating loss of 1.34 billion renminbi ($215 million) in the first quarter of 2014, compared with an operating profit of Rmb164 million in...
http://www.chemweek.com/home/top_of_the_news/Sinopecs-chemicals-segment-swings-to-loss-in-first-quarter_60648.html
April 28, 2014
Williams (Tulsa, OK) and Boardwalk Pipeline Partners (Houston) have suspended capital investments in the proposed Bluegrass Pipeline and Moss Lake liquefied petroleum gas terminal projects, mainly owing to insufficient customer commitments....
http://www.chemweek.com/home/top_of_the_news/Williams-Boardwalk-suspend-capital-investments-in-Bluegrass-Pipeline-Moss-Lake-LPG_60636.html
April 28, 2014
President Barack Obama, standing right, and Malaysian prime minister Najib Razak, standing left, applaud as Bill Radany, president & CEO of Verdezyne, right; and Tan Sri Dato' Seri...
http://www.chemweek.com/home/top_of_the_news/Malaysian-palm-oil-giant-Sime-Darby-invests-in-Verdezyne_60635.html
April 28, 2014
In the latest wave of M&A frenzy in the pharma industry, Meda (Solna, Sweden) today rejected a revised bid offer by Mylan, the largest generic-drug company in the United States...
http://www.chemweek.com/home/top_of_the_news/Swedish-drugmaker-Meda-rejects-Mylans-bid-offer_60634.html
April 28, 2014
Ecolab today reported net income up 20% year-on-year (YOY), to $191 million, on sales up 16%, to $3.34 billion. Adjusted earnings, excluding restructuring and other charges, rose 23%...
http://www.chemweek.com/home/top_of_the_news/Ecolab-earnings-match-estimates-on-strong-sales_60633.html
April 28, 2014
Fluor announced today that it has been awarded an engineering, procurement, and construction management (EPCM) contract by BASF Petronas Chemicals for a previously announced integrated...
http://www.chemweek.com/home/top_of_the_news/Fluor-awarded-EPCM-contract-for-BASF-Petronas-aroma-project-in-Malaysia_60628.html
April 28, 2014
Penrice Soda, the troubled Australian sodium bicarbonate and lime producer, will continue to operate in voluntary administration while efforts continue to seek buyers for the company...
http://www.chemweek.com/home/top_of_the_news/Administrators-seek-buyers-for-Penrice-Soda-assets_60627.html
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