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December 17, 2014

OxyChem (Dallas, TX) and Mexichem (Tlalnepantla, Mexico) say that their 50-50 jv, Ingleside Ethylene, began construction of its 540,000 m.t./yr ethane cracker at OxyChem’s Ingleside, TX, complex in the second quarter of 2014. The $1.5 billion project remains on schedule to begin commercial production in the first quarter of 2017, they say.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/OxyChem-Mexichem-cracker-jv-has-begun-construction_66275.html
November 7, 2014
Caustic soda supply has tightened considerably in northwestern and southern Europe because of production issues plaguing various producers. These issues range from industrial action to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Caustic-soda-prices-spike-in-Europe-as-production-issues-constrain-supply_65218.html
November 5, 2014
Axiall (Atlanta) says lower electrochemical unit values and higher ethylene costs cut into third-quarter volume gains. Net income totaled $44.5 million, up 6% year-on-year (YOY) from $39.0 million. Net sales also increased 6% YOY, to $1.27 billion, from $1.20 billion. Adjusted earnings per share of 72 cts were well ahead of analysts’ consensus estimate of 60 cts, compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-increases-income-6-percent-beats-estimates_65139.html
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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/OxyChem-third-quarter-earnings-drop-23-percent-on-lower-prices-higher-costs_64717.html
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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-reports-second-quarter-income-down-62-percent_63003.html
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
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...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Westlake-closes-&euro490-million-Vinnolit-acquisition_62856.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Report-Private-equity-firm-prepares-to-divest-PVC-maker-Vestolit_62477.html
July 10, 2014
Axiall (Atlanta) says the extended ramp-up of its PHH vinyl chloride monomer manufacturing facility at Lake Charles, LA, and weakness in building products and aromatics have dampened expectations for the second quarter. The company now expects to report adjusted Ebitda of $125–130 million versus $180 million in the year-ago quarter....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-lowers-earnings-expectations_62396.html
May 6, 2014

OxyChem, the chemical segment of Occidental Petroleum, has reported earnings for the first quarter of $136 million, down 14% year-on-year. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity. However, the company says higher polyvinyl chloride and vinyl chloride margins, resulting from improvement in US construction markets, and higher volumes across all products offset most of the decline.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/OxyChem-earnings-down-on-caustic-prices_60824.html
May 6, 2014
Axiall (Atlanta) reports a net loss for first-quarter 2014 of $11.6 million versus a loss of $3.5 million in the year-ago period. A 17-cts/share loss matched the analysts’ consensus estimate compiled by Thomson Reuters. Sales fell 10% year-on-year, to $994 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/VCM-outage-weather-cut-into-Axiall-earnings_60823.html
May 6, 2014
Westlake Chemical (Houston) reports net income for the first quarter of $158 million, up 28% year-on-year on improved olefin margins and volumes. Earnings totaled $1.18/share, 4% above the analysts’ consensus estimate as compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Westlake-income-up-28-percent-as-olefins-gain-offsets-vinyls-loss_60780.html
April 15, 2014
Shintech, the US subsidiary of Shin-Etsu Chemical (Tokyo), has applied to the Louisiana Department of Environment Quality for a permit to build a 500,000-m.t./year ethylene plant. The company says it has not chosen a site, but a leading candidate will be land already owned by Shintech....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Shintech-seeks-permit-for-Louisiana-ethylene-plant_60314.html
April 14, 2014
Axiall (Atlanta, GA) has restarted a Lake Charles, LA, vinyl chloride monomer (VCM) plant, which was shut down after a fire on 20 December. Axiall also released preliminary first-quarter financial results....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-completes-VCM-repairs-estimates-50-percent-yoy-decline-in-first-quarter-Ebitda_60292.html
March 11, 2014
Ineos and Solvay have added assets at Wilhelmshaven, Germany, and they may have to add assets at Runcorn, UK, to the revised package of divestments submitted to the European Commission...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Ineos-Solvay-add-assets-in-Germany-and-possibly-UK-to-divestment-package-for-EU-approval-of-chlorvinyls-JV_59471.html
February 28, 2014
Solvay and Ineos say they have offered the European Commission a revised remedy package, consisting of substantial asset divestments, to secure the commission's approval for the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Solvay-Ineos-sweeten-divestment-package-offered-to-secure-EU-Commission-approval-for-chlorvinyls-JV_59224.html
February 20, 2014
Axiall reported fourth-quarter net income of $57 million, up 78% year-over-year (YOY). Net sales of $1.1 billion for the quarter were up 44% YOY. The company attributes the gains primarily to the merger with PPG’s chemical’s business. Adjusted earnings of 88 cts/share beat the analysts’ consensus estimate of 67 cts/share....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-fourth-quarter-net-income-up-78-percent-to-$57-million_58947.html
February 14, 2014
Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announce on 6 February....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-aims-to-restart-Lake-Charles-VCM-before-second-quarter_58601.html
January 30, 2014
OxyChem, the chemical segment of Occidental Petroleum, reports fourth-quarter earnings of $128 million, down 29% year-on-year (YOY) from $180 million. Occidental attributes the result to higher energy and ethylene costs and lower caustic soda prices....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/OxyChem-earnings-down-on-higher-ethylene-energy-costs-lower-chlor-alkali-prices_58429.html
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