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August 3, 2015Sadara Chemical, a joint venture between Saudi Aramco and Dow Chemical; and E. A. Juffali & Brothers, a privately owned Saudi company, have signed an agreement for Sadara to supply...
August 12, 2015International Chemical Investors Group (ICIG; Frankfurt) has announced the completion of its acquisition of certain chlorvinyls assets from Inovyn, the polyvinyl chloride (PVC) joint...
July 31, 2015Kem One Group SAS (Lyon, France), jointly owned by private equity firm OpenGate Capital and Alain de Krassny, has acquired Kem One Innovative Vinyls from The Klesch Group. Details of...
July 30, 2015Kraton Performance Polymers says that a cluster of operational issues took a big bite out of second-quarter earnings. The company reports a net loss for the quarter of $5.6 million, swinging year-over-year (YOY) from a net profit of $11.1 million. Sales totaled $255.9 million, down 21% YOY from $323.8 million, mainly on lower prices, but also on reduced volume. Adjusted earnings per share of 2 cts fell well short of analysts’ consensus estimate of 41 cts/share as compiled by Thomson Reuters (New York)....
July 29, 2015The World Bank has recommended that the Armenian government put Nairit (Yerevan), a debt-ridden synthetic rubber plant, into bankruptcy. The World Bank announced last February that it...
July 29, 2015Kuwait’s Petrochemical Industries Corp. (PIC; Kuwait City), wholly owned by Kuwait Petroleum Corp., is at an advanced stage of a feasibility study for a petrochemicals and...
July 31, 2015The 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)...
July 28, 2015LyondellBasell 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....
July 22, 2015Alpek’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...
July 20, 2015Hanwha 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...