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February 25, 2014
Styrolution, the equally owned styrenics joint venture of BASF and Ineos, announced today that it plans to rationalize polystyrene (PS) capacity in North America. Styrolution also...
http://www.chemweek.com/markets/plastics/polystyrene/Styrolution-to-mothball-PS-plant-in-the-US-strengthen-specialties_59077.html
February 25, 2014
Braskem has revised the price of its stock tender offer to minority shareholders of polyvinyl chloride (PVC) manufacturer Solvay Indupa (Buenos Aires) to 2.40 Argentinian pesos/share...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Braskem-raises-offer-for-Indupa-listed-shares-by-78-percent_59070.html
February 25, 2014
Dow Building Solutions, a subsidiary of Dow Chemical, has completed converting its three styrofoam extruded polystyrene (XPS) plants in Japan to new polymeric flame-retardant (FR)...
http://www.chemweek.com/markets/plastics/polystyrene/Dow-completes-conversion-of-styrofoam-XPS-plants-in-Japan-to-new-polymeric-flame-retardant-technology_59068.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/plastics/polyvinyl_chloride/Axiall-fourth-quarter-net-income-up-78-percent-to-$57-million_58947.html
February 18, 2014
The privatization of insolvent chemicals and petrochemicals producer Oltchim (Ramnicu Valcea, Romania) has been delayed by almost two months, the company says. The deadline for the...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Oltchim-privatization-delayed_58867.html
February 14, 2014
Alpek, a subsidiary of Alfa (San Pedro Garza García, Mexico), posted net losses of $1 million for the last quarter of 2013, according to the group's results released this week...
http://www.chemweek.com/markets/plastics/pet/Alpek-swings-to-a-net-loss-in-fourth-quarter_58824.html
February 13, 2014
Europe's polyethylene (PE) producers are likely to try a rollover of monthly contract prices in February following a decrease in the Western European February ethylene contract price...
http://www.chemweek.com/markets/plastics/polyethylene/Europes-PE-prices-lose-support-from-ethylene-in-February_58800.html
February 9, 2014
Octal Petrochemicals, a major producer of polyethylene terephthalate (PET) bottle resin at Salalah, Oman, has announced plans to set up a $20-million project in Saudi Arabia to...
http://www.chemweek.com/markets/plastics/pet/Octal-to-invest-in-downstream-facility-in-Saudi-Arabia_58688.html
February 6, 2014
Plants owned and operated by La Seda de Barcelona (El Prat de Llobregat, Spain) at El Prat and Tarragona, Spain are to be acquired by Cristian Lay (Jerez de los Caballeros, Spain)...
http://www.chemweek.com/markets/plastics/pet/La-Seda-to-sell-petchem-assets-in-Spain-to-market-entrant_58604.html
February 4, 2014
Teknor Apex (Pawtucket, RI) completed the acquisition of Viking Polymers, (Jamestown, NC), a custom compounder with a diversified portfolio of specialty formulations and a particularly...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Teknor-Apex-completes-acquisition-of-specialty-PVC-compounder_58534.html
January 31, 2014
Dhunseri Petrochem & Tea (Kolkata, India), a major producer of polyethylene terephthalate (PET) bottle resin in India, is in the process of commissioning a PET plant in Egypt...
http://www.chemweek.com/markets/plastics/pet/Dhunseri-Petrochem-commissions-PET-plant-in-Egypt_58461.html
January 29, 2014
The polyvinyl chloride (PVC) market in Europe is balanced, with January demand better than expected for this time of year, according to IHS Chemical's latest Market Advisory...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/PVC-demand-in-Europe-beats-seasonal-expectations_58391.html
January 29, 2014
The European Commission has fined three manufacturers a combined €114 million ($156 million) for conspiring to fix prices of flexible polyurethane (PU) foam between October...
http://www.chemweek.com/markets/plastics/methylene_dipara_phenylene_isocyanate/Europe-slaps-price-fixing-fines-on-producers-of-flexible-PU-foam_58389.html
January 23, 2014
Ineos and Solvay received a statement of objections from the European Commission concerning the proposed €4.3-billion ($5.8 billion) merger of the companies' chlorvinyls...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Ineos-and-Solvay-receive-statement-of-objections-from-European-Commission-on-proposed-chlorvinyls-merger_58214.html
January 20, 2014
Ineos announced today that Vung Ro Petroleum has selected the Innovene polypropylene (PP) technology for a 900,000-m.t./year PP plant to be built in Vietnam. The facility will be built...
http://www.chemweek.com/markets/plastics/polypropylene/Ineos-licenses-PP-technology-for-a-large-plant-in-Vietnam_58121.html
January 20, 2014
Industries Qatar (IQ; Doha) on Sunday announced a tentative shutdown schedule for its manufacturing facilities during the first quarter. IQ’s shutdown timetable in the first...
http://www.chemweek.com/markets/plastics/polyethylene/Industries-Qatar-plans-lengthy-plant-closures-in-first-quarter_58118.html
January 17, 2014
Dow Chemical says it  has entered into a partnership with Koda Distribution (Stamford, CT) for the distribution of Dow’s isocyanates and polyols to the polyurethane (PU)...
http://www.chemweek.com/markets/plastics/methylene_dipara_phenylene_isocyanate/Dow-partners-with-Koda-for-distribution-of-PU-intermediates_58039.html
January 17, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), and United Petrochemical Co. (UPC; Moscow), a subsidiary of Sistema (Moscow), the largest...
http://www.chemweek.com/markets/plastics/pet/Alpek-and-United-Petrochemical-form-RusPETF-joint-venture_58087.html
January 16, 2014
Tianjin Bohua Petrochemical (Tianjin, China) has started production its previously announced propane dehydrogenation (PDH) unit at Tianjin, China. The 600,000-m.t./year is the first...
http://www.chemweek.com/markets/plastics/polypropylene/Chinas-first-PDH-plant-starts-production_58036.html
January 16, 2014
Sasol today commissioned its new ethylene purification facility at Sasolburg. The company’s CEO, David Constable; and the South African minister of trade and industry, Rob...
http://www.chemweek.com/markets/plastics/polyethylene/Sasols-new-ethylene-splitter-will-lead-to-PE-capacity-hike_57946.html
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