IHS Chemical Week

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Displaying 1 - 12 of 1930 stories.
August 24, 2016
Borealis AG, a producer of polyolefins, base chemicals, and fertilizers, on Wednesday announced 12% lower second-quarter net profit and 10% lower consolidated sales of €309 million ($348.5 million) and €2.2 billion, respectively, still the company's second-best quarterly result after the record 2015....
August 23, 2016
Huntsman Corporation (The Woodlands, Texas) says that its polyurethanes division is installing a honeycomb panel composite spray molding (CSM) production cell at its Auburn Hills, Michigan, technical center to support growth in automotive and industrial markets in the Americas. Built around a Hennecke HK metering machine, the new cell will allow customers to develop and prototype honeycomb panel CSMs, which are used most commonly in the parcel trays, sun shades, and cargo area load floors of automobiles, says the company...
August 23, 2016
Showa Denko K.K., JX Nippon Oil & Energy Corp. (Tokyo), and LyondellBasell Group have reached a final agreement under which Showa Denko and JX Nippon will purchase LyondellBasell’s stake in the companies' SunAllomer Ltd. (Tokyo) polypropylene (PP) joint venture....
August 16, 2016
Egyptian president Abdel Fattah al-Sisi has officially inaugurated the Egyptian Ethylene and Derivatives Co. (Ethydco; Alexandria, Egypt) ethylene and derivatives complex, according to...
August 15, 2016
With oil under $50/barrel, North America’s ethane advantage is not nearly so great as it once was, but it remains large enough to attract major ethylene projects, as two stories in this week’s Business Insider show. Notably, one of the projects is a joint venture between US-based ExxonMobil and Saudi Arabia’s Sabic....
August 10, 2016
KAP: Moving into HDPE and polyproplylene. KAP Industrial Holdings (Stellenbosch, South Africa), a South African company whose biggest investor is Steinhoff International Holdings...
August 10, 2016
Berry Plastics Group Inc. (Evansville, Indiana) reports net income for the fiscal third quarter, ended 2 July, of $96 million, up from the loss of $13 million in the year-ago period on the acquisition of Avintiv Inc. and gains in engineered materials. Net sales increased 33% year over year (YOY), to $1.7 billion. Adjusted net income of $0.82 per share easily beat the average analyst estimate of $0.61 per share compiled by Thomson Reuters (New York, New York)....
August 8, 2016
Toray Plastics America Inc. (TPA; North Kingstown, Rhode Island), a subsidiary of Toray Industries Inc., will invest $45 million to expand its Front Royal, Virginia, polyolefin foam...
August 8, 2016
Axiall Corp. (Atlanta, Georgia) says a year-over-year (YOY) decline in selling prices cut into the second-quarter sales and profitability of both its chlorovinyls segment and building products segment. The company reports an overall second-quarter net loss of $27.8 million, down from the net profit of $20.6 million in the year-ago period. Net sales totaled $776.1 million, down 11% YOY. Adjusted earnings fell 75%, to $0.12 per share, well ahead of the average analyst estimate of $0.01 per share, as compiled by Thomson Reuters (New York)....
August 5, 2016
Brazil's apparent consumption volume grew slightly, 0.2% year over year, during the first half of the year, according to preliminary figures from chemical industry association Associação Brasileira da Indústria Química (São Paulo, Brazil). This result bucks the trend of previous months, the association adds....
August 4, 2016
Braskem consolidated net income in the second quarter of the year amounted to 281 million reais ($86.14 million) contracting 73% year over year (YOY).  Quarter-two adjusted EBITDA stood at 3.01 billion reais, up 15% YOY, and earnings per share fell from 1.38 reais to 0.52 real. Consolidated net revenue totaled 11.87 billion reais up 3% YOY....
August 4, 2016
DAK Americas (Charlotte, North Carolina), a wholly owned subsidiary of Alpek SAB de CV (Monterrey, Mexico), has acquired Imatosgil Group's (IMG Group; Lisbon, Portugal) controlling stake in Selenis Canada Inc. (Montreal), DAK announced. Terms of the transaction have not been disclosed....
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