IHS Chemical Week

Archives :: Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali

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November 5, 2014

OCI Resources (Atlanta), the majority-owned US soda ash operation of OCI (Seoul), reports net income for the third quarter of $21.6 million, up 55% year-on-year (YOY) from $13.9 million. Net sales increased by 4.0% YOY, to $109.8 million. Earnings per share of 52 cts fell shy of analysts’ consensus estimate of 54 cts/share, compiled by Thomson Reuters.


October 24, 2014
Weak chlor-alkali demand continues to take a toll on Olin’s quarterly results, but the company expects improvement in the fourth quarter. Olin reports third-quarter net income of $26 million, down 63% year-over-year (YOY) from $70 million. Sales totaled $594 million, down 11% YOY from $671 million. Adjusted earnings per share of 42 cents equaled the analysts’ consensus estimate reported by Thomson Reuters....
October 23, 2014
OxyChem, the chemical segment of Occidental Petroleum, has reported pre-tax earnings for the third quarter of $140 million, down 23% year-on-year from $181 million. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity, as well as lower overall margins resulting from higher ethylene and natural gas costs....
October 23, 2014
BorsodChem (Kazincbarcika, Hungary) says it has started preparations to replace its 125,000-m.t./year mercury-cell chlor-alkali plant at Kazincbarcika with a membrane-cell plant. The...
October 21, 2014
Saskatchewan Mining and Minerals Inc. (SMMI; Chaplin, SK) says it has almost completed installing a dedicated caustic soda and ammonium sulfate demonstration facility at the company's...
October 20, 2014
Euro Chlor (Brussels) says its general assembly has chosen Thomas Wehlage as chair of its management committee. Wehlage was elected for a two-year period. He is currently senior v.p....
October 10, 2014
Nuberg Engineering (Noida, India) says it has been awarded a $15-million chlor-alkali engineering, procurement, and construction (EPC) contract by salt company Al Ghaith Industries...
September 30, 2014
Energochemica (Prague) says it plans to build a membrane-cell chlor-alkali plant at the Strázske, Slovakia manufacturing site of the company's Chemko subsidiary. The project...
September 26, 2014
Dow Chemical has initiated a process to sell its epoxy, chlorinated organics, and chlorine businesses preferably to a single buyer. Dow said in December 2013 that it is carving...
September 19, 2014
GRAND OPENING: President Vladimir Putin at RusVinyl's inauguration today. RusVinyl (Kstovo, Russia)—an equally owned joint venture between Sibur (Moscow), Russia's largest...
September 11, 2014
Vencorex, a joint venture in which PTT Global Chemical (PTTGC; Bangkok) holds 85% and Perstorp 15%, said today that it plans to convert its diaphragm process chlor-alkali plant at...
September 9, 2014
Industrial action is disrupting production at AkzoNobel's chlor-alkali plant at Botlek, Netherlands, in the port of Rotterdam. The plant forms part of a large cluster of units operated...
September 8, 2014
EU regulations and increased M&A activity will likely close older plants and continue consolidation in Europe's chlorvinyls industry, according to a new analysis from IHS Chemical...
August 22, 2014
China CAMS Engineering, (Beijing), a subsidiary of China National Machinery Industry Corp., has been awarded a contract to build a petrochemical complex for Navoiazot (Navoi...
August 6, 2014
Axiall (Atlanta) says that weakness in chlor-alkali and an unplanned outage in vinyl chloride monomer (VCM) pushed second-quarter net income down 62% year-over-year (YOY), to $27.2 million, and that sales fell 3% YOY, to $1.237 billion. Adjusted earnings of 48 cts/share fell just short of analysts’ consensus estimate of 50 cts/share, as compiled by Thomson Reuters....
July 31, 2014
Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and...
July 29, 2014
IHS has entered into a partnership agreement with The Chlorine Institute (CI) that will allow IHS to provide worldwide access to CI’s safety and technical publications via IHS content platforms. The content will cover safe production, handling, and packaging; health and the environment; emergency planning and response; and properties of chemicals and analytical techniques. The materials will continue to be available directly from the CI Bookstore....
July 25, 2014
Olin (Clayton, MO) reports a 16% year-over-year (YOY) decline in second-quarter income, the result of weak results in the chlor-alkali segment. Sales declined across the board. However, earnings of 46 cts/share beat the analysts’ consensus estimate of 45 cts/share, as reported by Thomson Reuters (New York)....
July 21, 2014
Evonik Industries and AkzoNobel say they have entered into negotiations to build a membrane cell electrolysis production facility at AkzoNobel’s Ibbenbüren, Germany, site...
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