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May 19, 2014
Abbott Laboratories said on Friday that it has signed a definitive agreement to acquire Latin American pharmaceutical company CFR Pharmaceuticals (Santiago), more than doubling the...
http://www.chemweek.com/home/top_of_the_news/Abbott-to-acquire-Latin-American-generic-drugs-producer-CFR-for-$3-billion_61119.html
May 19, 2014
Pfizer said on Sunday that it has raised its offer for AstraZeneca to £69 billion ($116 billion), and said it would walk away if AstraZeneca does not accept the offer. The...
http://www.chemweek.com/home/top_of_the_news/Pfizer-makes-final-offer-for-AstraZeneca-will-walk-away-if-offer-not-accepted_61125.html
May 19, 2014
Saudi Aramco said on Sunday that its downstream investments over the next decade would be high to meet global demand and the company’s development strategy. Khalid Al Falih, CEO...
http://www.chemweek.com/home/top_of_the_news/Saudi-Aramcos-downstream-investment-to-exceed-$100-billion_61123.html
May 19, 2014
Oman is expected to award a contract next year to build an ammonia plant in the Salalah Free Zone. The Takamul Investment Co., the downstream investment arm of Oman Oil, is promoting...
http://www.chemweek.com/home/top_of_the_news/Takamul-to-award-ammonia-plant-contract-in-Oman_61122.html
May 16, 2014
Momentum in industrial biotechnology is accelerating as large-scale projects come online and biobased processes become part of strategic plans at large chemical companies. Over 1,100...
http://www.chemweek.com/home/top_of_the_news/BIO-2014-Industrial-biotech-becoming-an-integral-part-of-the-chemical-industry_61107.html
May 16, 2014
Odfjell says it has agreed with affiliates of investment firms Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas (LPG) and ethylene shipping joint venture...
http://www.chemweek.com/home/top_of_the_news/Odfjell-spins-LPG-ethylene-shipping-business-into-JV-orders-four-vessels_61105.html
May 16, 2014
Mitsui Chemicals says it will sell its maleic anhydride and fumaric acid businesses to Fuso Chemical (Osaka) by October. Details of the agreement will be discussed, and a formal...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-to-sell-maleic-anhydride-and-fumaric-acid-businesses-to-Fuso-Chemical_61101.html
May 16, 2014
Sabic and security and aerospace company Lockheed Martin (Bethesda, MD) have launched a partnership to explore establishing a new joint venture company in Saudi Arabia to develop...
http://www.chemweek.com/home/top_of_the_news/Sabic-Lockheed-Martin-to-establish-carbon-nanostructure-materials-JV-in-Saudi-Arabia_61100.html
May 15, 2014
Suppliers of chemicals to the personal-care and cosmetics industries were mostly upbeat at this year’s Suppliers’ Day show, held earlier this week at Edison, NJ. Most...
http://www.chemweek.com/home/top_of_the_news/Suppliers-Day-2014-Mood-mostly-upbeat-for-personal-care-industry_61087.html
May 15, 2014
Celanese (Dallas) plans to add a new compounding unit at its Florence, KY, facility. Celanese says the unit, which will support demand for advanced engineered materials products, will be operational in the first quarter of 2015....
http://www.chemweek.com/home/top_of_the_news/Celanese-to-build-compounding-unit-at-Florence-KY_61080.html
May 15, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) reports a 57% fall in net profits for the first quarter of 2014 compared with the year-ago quarter, to $131 million. First-quarter sales decreased...
http://www.chemweek.com/home/top_of_the_news/ICL-reports-falls-in-profits-sales_61075.html
May 15, 2014
The board of directors of Saudi Arabian Mining Co. (Ma’aden; Riyadh) is seeking to increase the company’s share capital through a rights issue with a total value of 5.6...
http://www.chemweek.com/home/top_of_the_news/Maaden-plans-rights-issue-to-help-fund-investment-projects_61074.html
May 15, 2014
The cost of a previously announced project, which aims to significantly expand the capacity of Petro Rabigh (Rabigh, Saudi Arabia) and introduce new products to its portfolio will cost...
http://www.chemweek.com/home/top_of_the_news/Petro-Rabigh-projects-costs-escalate-to-$8-5-billion_61073.html
May 15, 2014
Merck KGaA today reported a slight increase, to €807 million ($1.1 billion), in first-quarter Ebitda before one-time items compared with €801 million in the first quarter of...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-reports-flat-first-quarter-earnings-cautiously-optimistic-for-2014_61072.html
May 15, 2014
DIC (Tokyo) has reported its financial results for its fiscal first quarter, ended 31 March. DIC decided last June to change its fiscal year-end from 31 March to 31 December, and, as a...
http://www.chemweek.com/home/top_of_the_news/DIC-reports-huge-rise-in-profits_61071.html
May 14, 2014
A new, day-zero initiative took place at the Asia Petrochemical Industry Conference (APIC) at Pattaya, Thailand, today at the request of IHS clients. Attended by several hundred...
http://www.chemweek.com/home/top_of_the_news/APIC-2014-Connect-with-IHS_61064.html
May 14, 2014
Ineos today confirmed that the Falkirk Council in the United Kingdom has told the company that its planning application for the construction of an ethane tank at its Grangemouth, UK...
http://www.chemweek.com/home/top_of_the_news/Ineos-receives-planning-permit-to-build-ethane-tank-at-Grangemouth_61062.html
May 14, 2014
Momentive Specialty Chemicals (Columbus, OH) reports a first-quarter loss of $27 million versus a loss of $4 million in the year-ago period. Sales increased 8.5% year-on-year, to $1.29 billion, primarily reflecting increased volumes in Momentive's oilfield, specialty epoxy, North American formaldehyde, and Latin America forest products resins businesses, says the company....
http://www.chemweek.com/home/top_of_the_news/Momentives-sales-increase-but-loss-deepens_61061.html
May 14, 2014
Styron (Berwyn, PA) reports first-quarter income of $17.1 million, compared with a loss of $9.7 million in the year-ago period. Sales totaled $1.36 billion, down 2.3% year-over-year (YOY) on lower selling prices, partly offset by higher volumes and favorable currency impact....
http://www.chemweek.com/home/top_of_the_news/Styron-swings-to-$17-million-profit_61060.html
May 14, 2014
Potash producer K+S (Kassel, Germany) reports a 21% year-on-year (YOY) decrease in first-quarter Ebit, to €219.6 million ($301.6 million), mostly because of lower potash and...
http://www.chemweek.com/home/top_of_the_news/K+Ss-Ebit-down-21-percent-on-lower-potash-and-magnesium-results-says-prices-are-stabilizing_61059.html
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