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July 27, 2015
Saudi National Industrialization Co. (Tasnee) on Monday announced a swing into a second-quarter net loss of 107.7 million Saudi riyals ($28.7 million) from a net profit of SR408.3...
http://www.chemweek.com/home/top_of_the_news/Tasnee-swings-into-loss-Sipchems-profits-dive_72438.html
July 27, 2015
Technip's Italy arm and the export credit insurance group SACE (Rome) have finalized a previously announced agreement with Middle East Oil Refinery (Midor) to modernize and expand the...
http://www.chemweek.com/home/top_of_the_news/Technip-signs-agreements-to-modernize-oil-refineries-in-Egypt_72434.html
July 24, 2015
Reliance Industries (Mumbai) on Friday reported consolidated net profit rising 4.4%, to 62.2 billion Indian rupees ($970.5 million) in the first quarter of fiscal 2016, ended 30 June...
http://www.chemweek.com/home/top_of_the_news/Reliance-reports-rise-in-net-profit-on-lower-sales-ethylene-project-on-track_72419.html
July 24, 2015
International Flavors & Fragrances (IFF) has announced that Lucas Meyer Cosmetics (Quebec City), a business of Unipex Group (Paris), has accepted IFF’s previously announced...
http://www.chemweek.com/home/top_of_the_news/IFF-and-Lucas-Meyer-Cosmetics-agree-to-acquisition-terms_72414.html
July 24, 2015
Sahara Petrochemical’s second-quarter net profit declined to 11.4 million Saudi riyals ($3.04 million) from SR185 million in the year-earlier quarter. The company reports an...
http://www.chemweek.com/home/top_of_the_news/Sahara-profits-sink-looking-to-restructure-operations_72413.html
July 24, 2015
Sika on Friday reported a 5.6% rise in sales in the first six months, to 2.63 billion Swiss francs ($2.73 billion), in constant exchange rates (CER) but a 1.2% decline in Swiss francs...
http://www.chemweek.com/home/top_of_the_news/Sika-reports-higher-sales-and-profits-to-open-several-factories_72412.html
July 24, 2015
Mitsubishi Heavy Industries (MHI) and Mitsubishi Corp. said on Friday that they will build a large-scale ammonia and urea fertilizer production plant for Navoiazot, a chemical...
http://www.chemweek.com/home/top_of_the_news/MHI-and-Mitsubishi-Corp-to-build-large-fertilizer-complex-in-Uzbekistan_72411.html
July 24, 2015
Arkema's adhesives subsidiary, formerly Bostik, on Thursday announced that it had opened a hot melt pressure-sensitive adhesives manufacturing plant at Bangalore, India. The new...
http://www.chemweek.com/home/top_of_the_news/Arkema-commissions-adhesives-plant-in-India_72410.html
July 24, 2015
Lithuanian firm Investimus Foris plans to invest $265 million to convert an idle biofuels refinery in Grant Parish, LA, into ammonia manufacturing facility, company chairman Arunas...
http://www.chemweek.com/home/top_of_the_news/Lithuanian-firm-to-convert-Louisiana-biofuels-plant-to-ammonia-production_72409.html
July 24, 2015
BASF on Friday reported an increase in second-quarter sales and earnings and confirmed its outlook for the whole of 2015. Sales rose 3%, to €19.1 billion ($21.0 billion), and Ebit...
http://www.chemweek.com/home/top_of_the_news/BASF-reports-slight-increase-in-sales-and-earnings-confirms-outlook_72408.html
July 24, 2015
BASF said on Wednesday that it will form a global business unit (GBU) combining all of its pigments activities effective January 2016. In the second half of 2016, BASF intends to carve...
http://www.chemweek.com/home/top_of_the_news/BASF-to-restructure-pigments-business-will-evaluate-options-13-sites-affected_72361.html
July 23, 2015
In first-half 2015, production in Germany’s chemical industry rose by 1% , and sales increased by 0.5%, to €96.5 billion ($105.4 billion), but prices fell by a further 3%...
http://www.chemweek.com/home/top_of_the_news/German-industry-has-patchy-first-half-Production-sales-up-but-prices-down-again_72390.html
July 23, 2015
Sabic shut down one of its plants on the Chemelot industrial site at Geleen, Netherlands, after a safety valve opened this morning, releasing powder into the air, according to a...
http://www.chemweek.com/home/top_of_the_news/Sabic-shuts-down-plant-at-Dutch-site-after-powder-released-into-the-air_72389.html
July 23, 2015
Dow Chemical, buoyed by continued margin expansion in its plastics business and cost-cutting measures, grew earnings and topped profit forecasts despite a double-digit decline in...
http://www.chemweek.com/home/top_of_the_news/Dow-beats-estimates-continues-to-expand-margins_72396.html
July 23, 2015
ThyssenKrupp Industrial Solutions (TKIS; Essen, Germany), a leading engineering and construction firm, on Thursday announced that it is expanding its specialty chemical and...
http://www.chemweek.com/home/top_of_the_news/ThyssenKrupp-Industrial-Solutions-acquires-renewable-technologies-from-Inventa_72387.html
July 23, 2015
Altana's additives and measuring instruments subsidiary is to build production facilities in the Fengxian district of Shanghai. Altana has selected Tebodin’s (The Hague...
http://www.chemweek.com/home/top_of_the_news/Altana-subsidiary-to-build-plant-in-China_72386.html
July 23, 2015
Unipetrol (Prague), majority owned by PKN Orlen (PÅ‚ock, Poland), on Thursday posted a record second-quarter operating profit. Favorable macroeconomic conditions led to higher refining...
http://www.chemweek.com/home/top_of_the_news/Unipetrol-reports-record-earnings-helped-by-petchems_72385.html
July 23, 2015
Lanxess on Thursday released preliminary unaudited numbers covering the second quarter and saying it expects results to exceed current market expectations. The company estimates Ebitda...
http://www.chemweek.com/home/top_of_the_news/Lanxess-second-quarter-earnings-better-than-expected_72384.html
July 23, 2015
SK Innovation (Seoul) on Thursday reported a return to profit in the second quarter on better refining margins. Consolidated net income in the period to end of June 2015 reached 587.5...
http://www.chemweek.com/home/top_of_the_news/SK-Innovation-swings-to-profit-listing-lubricant-business-no-longer-a-priority_72383.html
July 23, 2015
Sinopec has announced its unaudited production data covering the first six months of the year. Ethylene and synthetic resins production were each up 7.3%, to 5,457,000 m.t. and...
http://www.chemweek.com/home/top_of_the_news/Sinopec-raises-ethylene-plastics-production-in-first-six-months_72382.html
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