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July 28, 2015
LyondellBasell reports net income from continuing operations of $1.3 billion, up 7.8% year-over-year (YOY) as higher volumes and lower feedstock costs more than offset declines in product prices. Sales totaled $9.1 billion, up 11.7% YOY....
http://www.chemweek.com/markets/plastics/polyethylene/LyondellBasell-income-up-beats-analyst-consensus_72480.html
July 28, 2015
The European Commission has given the green light to the French government to release €125 million ($138.1 million) in state aid to chlor-alkali and polyvinyl chloride (PVC)...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/European-Commission-approves-French-state-aid-to-Kem-One_72476.html
July 22, 2015
Alpek’s (Monterrey, Mexico) second-quarter net income more than doubled year-on-year (YOY), to $83 million, driven mainly by an improvement in the company's operating results...
http://www.chemweek.com/markets/plastics/pet/Alpeks-second-quarter-net-income-more-than-doubles-despite-lower-sales_72363.html
July 20, 2015
Hanwha Chemical (Seoul) has merged its Hanwha Compound and Hanwha Next subsidiaries under the Hanwha Compound business, according to local news reports. The combined entity will...
http://www.chemweek.com/markets/plastics/polyethylene/Reports-Hanwha-Chemical-merges-compound-business-units_72308.html
July 17, 2015
An impasse in negotiations for the July para-xylene (p-xylene) contract price in Europe—which is dragging into a third week—may result in a split settlement, according to...
http://www.chemweek.com/markets/plastics/pet/Europe-p-xylene-contract-price-talks-for-July-feel-pressure-of-PTA-PET-imports-from-Asia_72281.html
July 15, 2015
Westlake Chemical says that Karl-Martin Schellerer has joined the company as v.p. and general manager ofVinnolit. On 1 November, Schellerer will become managing director of Vinnolit, replacing Josef Ertl, who will retire, Westlake says....
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Westlake-names-head-of-Vinnolit_72166.html
July 14, 2015
Braskem issued a filing with Texas state regulators for unplanned maintenance at its Freeport, TX, polypropylene (PP) facility, which was prompted by an emergency shutdown at a...
http://www.chemweek.com/markets/plastics/polypropylene/Environmental-filing-indicates-production-issues-at-Freeport-facility_72120.html
July 9, 2015
Omnova Solutions (Beachwood, OH) has announced a price increase in the Americas of 5 cts/wet lb. or 10 cts/dry lb. on all styrene-butadiene latex (SB latex) products, effective 1 August. BASF announced an equivalent increase on 8 July....
http://www.chemweek.com/markets/plastics/synthetic_rubber/Omnova-ups-price-of-SB-latex_72059.html
July 9, 2015
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading Russian producer of petrochemicals and part of the local TAIF Group (Kazan), has decided to divide its planned $9-billion...
http://www.chemweek.com/markets/plastics/polyethylene/Russian-petchems-firm-NKNK-splits-$9-billion-cracker-project-into-two-phases_72038.html
July 9, 2015
Hanwha Chemical (Seoul) has declared force majeure at its 280,000-m.t./year polyvinyl chloride (PVC) facility at Ulsan, South Korea. The plant has been shut down and PVC exports...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Hanwha-declares-force-majeure-on-PVC-at-Ulsan-market-firms-slightly-on-speculative-buying_72005.html
July 8, 2015
Bayer MaterialScience said on Wednesday that its Brunsbüttel, Germany–based toluene diisocyanate (TDI) plant will be permanently closed in early September. The closure of...
http://www.chemweek.com/markets/plastics/toluene_diisocyanate/Bayer-MaterialScience-to-close-TDI-plant-in-Germany_72006.html
July 6, 2015
Hanwha Chemical's  (Seoul) 280,000-m.t./year polyvinyl chloride plant at Ulsan, South Korea, is still running, albeit at reduced rate, a company source tells IHS Chemical. An...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Hanwhas-PVC-plant-at-Ulsan-running-at-reduced-rate-after-accident_71890.html
July 5, 2015
Brahmaputra Cracker and Polymer (BCPL) has begun the commissioning of its long-delayed Assam cracker project at Lepetkata, India. Three units—the gas sweetening unit, the...
http://www.chemweek.com/markets/plastics/polyethylene/Assam-gas-cracker-project-in-commissioning-phase_71883.html
July 3, 2015
Formosa Plastics Corp. USA, a Formosa Plastics Corp. (Kaohsiung, Taiwan) subsidiary, will build an additional polypropylene (PP) production line at its Point Comfort, TX, site. It will...
http://www.chemweek.com/markets/plastics/polypropylene/Formosa-to-add-PP-capacity-at-Point-Comfort_71875.html
July 3, 2015
An explosion occurred today at a plant belonging to Hanwha Chemical at Ulsan, South Korea, that left six people dead and one person injured, local media reports say. The blast happened...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Reports-Explosion-at-Hanwha-Chemical-PVC-plant-leaves-six-dead-one-injured_71867.html
July 2, 2015
Sinopec Engineering has won three contracts for projects in Thailand and in China, the company has announced. In Thailand it has been awarded an engineering, procurement, construction...
http://www.chemweek.com/markets/plastics/polypropylene/Sinopec-Engineering-wins-contracts-in-Thailand-China-valued-at-about-$2-billion_71836.html
July 1, 2015
BASF has sold its 25% stake in the SolVin polyvinyl chloride (PVC) joint venture to its partner, Solvay. The deal closed today—financial details of the transaction have not been...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/BASF-exits-SolVin-PVC-JV-Solvay-Ineos-launch-Inovyn_71808.html
June 30, 2015
SCG Packaging (Bangkok) has acquired an 80% stake in a Vietnamese flexible packaging company, its parent Siam Cement (Bangkok) said Tuesday. TC Flexible Packaging...
http://www.chemweek.com/markets/plastics/polyethylene/SCG-Packaging-buys-80-percent-stake-in-Vietnamese-company_71747.html
June 25, 2015
The compounding business of Hexpol (Malmö, Sweden) will install a rubber compounding line at Querétaro, Mexico. The new line follows the commissioning of a second mixing...
http://www.chemweek.com/markets/plastics/synthetic_rubber/Hexpol-expands-rubber-compounding-capacity-in-Mexico_71608.html
June 25, 2015
Polystyrene (PS) imports into Europe have been on the rise and inflated regional styrene values have dented profitability. Trade data released by Eurostat (Brussels) for the 28 EU...
http://www.chemweek.com/markets/plastics/polystyrene/PS-imports-into-Europe-increase-significantly_71611.html
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