IHS Chemical Week

Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Vinyl chloride

Displaying 1 - 12 of 122 stories.
August 31, 2016
Westlake Chemical Corporation (Houston) says it has closed the $3.8-billion acquisition of Axiall Corporation (Atlanta, Georgia), becoming North America’s third-largest producer chlor-alkali and second-largest producer of polyvinylchloride (PVC). The transaction, announced on 10 June, was approved by Axiall shareholders in a vote on 30 August....
August 24, 2016
Higher traces of TdGA could also be caused by second-hand smoke, vehicle emissions....
August 2, 2016
Mexichem SAB de CV (Tlalnepantla, Mexico) has written $246 million off its Petroquímica Mexicana de Vinilo (PMV) assets, the company said in quarter-two earnings results. The...
August 1, 2016
Olin Corporation (Clayton, Missouri) reports a second-quarter net loss of $1 million, up from a first-quarter net loss of $38 million. Olin merged with Dow Chemical’s chlor-alkali and vinyls business in October 2015. Net sales totaled $1.364 billion, up 1.2% from the first quarter’s $1.348 billion. A net loss per share of $0.01 missed the average analyst estimate of $0.11 as compiled by Thomson Reuters (New York). However, it accorded with updated guidance of “approximately breakeven,” which the company issued on 21 July....
July 28, 2016
Westlake Chemical Corporation (Houston) reports second-quarter net income of $111 million, down 46% year-over-year (YOY) on costs related to outages and on lower sales prices. Sales totaled $1.086 billion, down 8% YOY. Earnings of $0.85/share missed the average analyst estimate of $0.97/share as compiled by Thomson Reuters (New York)....
July 18, 2016
Westlake Chemical Corp. (Houston, Texas) is restarting its Calvert City, Kentucky, complex, which has been offline for over six weeks. The company estimates a $40 million impact divided between second- and third-quarter financial results....
July 15, 2016
Argentina's market regulator CNV (Buenos Aires) has rejected Unipar Carbocloro's (São Paulo, Brazil) $202-million offer to acquire Solvay's majority stake in Solvay Indupa...
July 7, 2016
Solvay has completed the divestment of its shareholding in Inovyn (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos, Solvay announced today. Solvay received...
June 10, 2016
Westlake Chemical has agreed to acquire Axiall for $33.00 share–65% more than Westlake originally offered–in an all-cash transaction that values Axiall at about $3.8 billion. The companies say the transaction has been unanimously approved by the boards of both companies, and it is expected to close by the fourth quarter....
May 13, 2016
Petroquímica Mexicana de Vinilo (PMV) has not announced any plans to rebuild the vinyl chloride monomer (VCM) unit in Coatzacoalcos, Mexico, and analysts at IHS Chemical expect it to be down for an extended period....
May 13, 2016
Asahi Glass says that it will increase the production capacity for vinyl chloride monomer (VCM) at the manufacturing site of the company’s Asahimas Chemical (Jakarta) subsidiary...
May 5, 2016
Axiall today reported a first-quarter net loss of $53.6 million, or 76 cts/share, on sales down 11% year-on-year (YOY), to $699.2 million. Adjusted earnings, excluding charges mostly...
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