IHS Chemical Week

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August 13, 2015
Talke (Hürth, Germany) says it has completed construction of a logistics complex to store and handle polyethylene (PE) granules at the manufacturing site of Slovnaft (Bratislava...
August 12, 2015
International Chemical Investors Group (ICIG; Frankfurt) has announced the completion of its acquisition of certain chlorvinyls assets from Inovyn, the polyvinyl chloride (PVC) joint...
August 3, 2015
Sadara 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...
July 31, 2015
Kem 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 31, 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)...
July 30, 2015
Kraton 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, 2015
The 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, 2015
Kuwait’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 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....
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...
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...
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...
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....
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...
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....
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...
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...
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...
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...
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...
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