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March 1, 2013
Keyuan Petrochemicals (Ningbo, China) has agreed to pay $1 million to settle securities fraud charges in the United States, the SEC (Washington) said on Thursday. The SEC charged...
http://www.chemweek.com/home/top_of_the_news/Keyuan-Petrochemicals-agrees-to-pay-$1-million-fraud-charges-in-the-US_50182.html
March 1, 2013
Oxea (Oberhausen, Germany) says that it has begun construction on the previously announced oxo derivatives plant in the Nanjing Chemical Industrial Park in China. Mechanical completion...
http://www.chemweek.com/home/top_of_the_news/Oxea-begins-construction-of-oxo-derivatives-plant-in-Nanjing-plans-expansion_50180.html
March 1, 2013
Lubrizol says that its CPI Engineering Services division plans to partner with Oxea Chemicals to establish manufacturing capabilities at Nanjing China, to produce CPI's synthetic...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-partners-with-Oxea-to-manufacture-refrigeration-lubricants-in-China_50179.html
February 28, 2013
Synthetic fuel and fertilizer company Rentech (Los Angeles) says it will shutter its Commerce City, CO, product demonstration unit and eliminate all related R&D activities in order...
http://www.chemweek.com/home/top_of_the_news/Rentech-shutters-R-and-D-facility-citing-weak-outlook-for-alternative-energy-in-US_50117.html
February 28, 2013
Chemicals production contracted by 1.5% in the European Union in 2012 compared with 2011, Cefic says. The full-year figure is slightly better than Cefic's previous projection of a 2%...
http://www.chemweek.com/home/top_of_the_news/EU-chemicals-output-decline-in-2012-less-severe-than-expected_50113.html
February 28, 2013
A federal judge in Baton Rouge, LA has ruled that two tax-shelter transactions entered into by Dow Chemical and designed by Goldman Sachs and law firm King & Spalding amounted to...
http://www.chemweek.com/home/top_of_the_news/Dow-loses-US-tax-shelter-case_50104.html
February 28, 2013
The Ministry of Commerce, PRC (Mofcom; Beijing) will impose provisional antidumping duties on imports of toluidine from the European Union starting 1 March, the Chinese...
http://www.chemweek.com/home/top_of_the_news/China-imposes-provisional-antidumping-duties-on-toluidine-from-EU_50109.html
February 28, 2013
Dow Chemical says that Oriental Energy has signed a license agreement with Union Carbide Chemicals & Plastics Technology, a wholly owned subsidiary of Dow, for the Unipol...
http://www.chemweek.com/home/top_of_the_news/Chinese-firm-selects-Dows-Unipol-PP-process-technology_50108.html
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
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