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May 15, 2013
“At this point, it is estimated that the remaining production line will start up by late June,” Ken Mounger, v.p. and general manager/polyolefins, tells customers....
http://www.chemweek.com/home/top_of_the_news/Two-of-three-lines-operational-at-Formosas-fire-damaged-HDPE-unit_52021.html
May 15, 2013
LyondellBasell will shut down a 100,000-m.t./year high-density polyethylene (HDPE) unit in Wesseling, Germany, in the third quarter....
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-to-close-HDPE-Unit-in-Germany_52037.html
May 15, 2013
PlasticsEurope (Brussels), one of the leading European trade associations, says that demand for plastics in the 27 European member states in 2012 declined 3.2%, to 45.5 million m.t....
http://www.chemweek.com/home/top_of_the_news/Europe-remains-a-center-for-plastics-activities-PlasticsEurope-says_52014.html
May 15, 2013
BASF says it has boosted its presence in the enzyme technology space, via three separate transactions. The company has identified the enzymes business as a key growth area to...
http://www.chemweek.com/home/top_of_the_news/BASF-boosts-its-footprint-in-enzyme-technologies_52019.html
May 15, 2013
RSA Logistics (Dubai, UAE), a provider of transport and logistics services, and Talke (Hürth, Germany) said on Tuesday that they have signed an agreement to form a joint venture...
http://www.chemweek.com/home/top_of_the_news/Talke-and-RSA-Logistics-form-joint-venture-in-Dubai_52017.html
May 15, 2013
Chemtura says it has acquired UP Chemical’s (Pyeongtaek, South Korea) 50% stake in their DayStar Materials (Pyeongtaek) joint venture. DayStar was formed in 2011 as a 50-50 jv of...
http://www.chemweek.com/home/top_of_the_news/Chemtura-buys-out-partner-in-South-Korean-LED-materials-JV_52016.html
May 15, 2013
Sumitomo Chemical reports a net loss of ¥51 billion ($498 million) in the fiscal year ended 31 March compared with a net profit ¥5.58 billion in the previous fiscal year due to...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-reports-huge-net-loss_52012.html
May 15, 2013
Arkema's first-quarter adjusted net income contracted by 21.1% from €123 million ($159.7 million) in the first quarter of 2012, to €97 million, the company announced today...
http://www.chemweek.com/home/top_of_the_news/Arkemas-first-quarter-net-income-shrinks-by-21-1-percent-on-mixed-economic-environment_52011.html
May 15, 2013
The Phosphate Chemicals Export Association (PhosChem) said on Tuesday that it has reached an agreement to supply 400,000 m.t. of diammonium phosphate to 2 undisclosed "large...
http://www.chemweek.com/home/top_of_the_news/PhosChem-agrees-to-DAP-deliveries-to-2-Indian-customers_52009.html
May 15, 2013
Jacobs Engineering says it has renewed its frame agreement with Borealis for work at Borealis’s manufacturing facilities at Stenungsund, Sweden. Jacobs, under the five-year frame...
http://www.chemweek.com/home/top_of_the_news/Jacobs-renews-engineering-services-agreement-with-Borealis-in-Sweden_52006.html
May 15, 2013
Celanese and Mitsui & Co. have agreed to form a 50-50 joint venture for a previously announced project to produce methanol at Celanese's integrated chemical plant at...
http://www.chemweek.com/home/top_of_the_news/Mitsui-and-Co-to-take-50-percent-stake-in-Celanese-methanol-project-at-Clear-Lake-TX_52001.html
May 15, 2013
Syngenta and DuPont say they have entered into technology licensing agreements that will broaden each company’s crop protection product portfolio and enable both to bring new...
http://www.chemweek.com/home/top_of_the_news/Syngenta-and-DuPont-agree-on-technology-exchange-to-launch-new-fungicides_51967.html
May 14, 2013
Linde’s profit in the first quarter of 2013 rose 10%, to €340 million ($446 million), with earnings per share of €1.72 compared with €1.65 in the year-earlier...
http://www.chemweek.com/home/top_of_the_news/Linde-reports-higher-profits-and-revenues-confirms-short-and-mid-term-outlooks_51766.html
May 14, 2013
Momentive Performance Materials (MPM; Waterford, NY) and Momentive Specialty Chemicals (MSC; Columbus, OH) both reported first-quarter results today, showing slight growth, though both...
http://www.chemweek.com/home/top_of_the_news/Momentive-reports-net-losses-mixed-sales_51986.html
May 14, 2013
Taminco on Tuesday reported net income of $8 million for the first quarter, up 160% year-on-year (YOY) from a pro forma loss of $13 million. Net sales of $310 million were up 9.5% YOY from pro forma net sales of $283 million....
http://www.chemweek.com/home/top_of_the_news/Taminco-swings-to-profit-on-higher-sales_51989.html
May 14, 2013
Valspar (Minneapolis) on Tuesday reported adjusted net income for the fiscal second quarter, ended 26 April, of $83 million, up 3.8% year-on-year (YOY), from $80 million. Adjusted earnings per share came to 91 cts, up 8.3% YOY, from 84 cents....
http://www.chemweek.com/home/top_of_the_news/Valspar-earnings-up-on-flat-sales_51991.html
May 14, 2013
The US Supreme Court has ruled in favor of Monsanto in a landmark intellectual property case involving reuse of genetically modified seeds.   The case, Bowman v. Monsanto...
http://www.chemweek.com/home/top_of_the_news/Monsanto-wins-landmark-patent-case_51954.html
May 14, 2013
Iran on Monday, the first day of the 10th Iran Petrochemical Forum, outlined its petrochemical ambitions. Managing-director of the National Petrochemical Company (NPC; Tehran)...
http://www.chemweek.com/home/top_of_the_news/Iran-outlines-2020-targets-at-10th-IPF-conference_51979.html
May 14, 2013
LG Chem is interested in acquiring Woongjin Chemical (Seoul), a Woongjin Group affiliate, local sources say. The Korean Stock Exchange today requested that LG Chem clarify rumors that...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-interested-in-buying-polyester-producer-Woongjin-Chemical_51977.html
May 14, 2013
Mosaic has decided to delay by one or two years expansion of its Saskatchewan potash mines, the company said on Monday. Lawrence Stranghoener, CFO, said on a conference call with...
http://www.chemweek.com/home/top_of_the_news/Mosaic-delays-Saskatchewan-potash-expansion-on-poor-markets-and-high-project-costs_51976.html
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