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May 9, 2013
Braskem's first quarter earnings totaled R$227 million ($113 million), up 49% year-over-year (YOY) from R$152 million, but down 18% sequentially from R$275 million in the fourth quarter of 2012....
http://www.chemweek.com/markets/plastics/polyethylene/Braskem-first-quarter-net-income-up-49-percent_51886.html
May 8, 2013
Axiall on Tuesday reported adjusted net income for the quarter totaled $45.1 million, up 63% year-on-year (YOY) from $27.6 million. Adjusted earnings per share were 75 cts/share...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Axiall-reports-first-quarter-net-income-of-$45-million-misses-estimates_51857.html
May 8, 2013
The EU Court of Justice (Luxembourg) says it has rejected ENI's (Rome) appeal against a ruling by the EU General Court covering ENI's involvement in a price-fixing cartel in the...
http://www.chemweek.com/markets/plastics/synthetic_rubber/ENI-and-Versalis-lose-appeal-against-EU-synthetic-rubber-price-fixing-fine_51851.html
May 8, 2013
Rosneft (Moscow) and Itera (Moscow) have expressed an interest in acquiring Nairit (Yerevan, Armenia), a synthetic rubber manufacturer in Armenia that is currently not in production...
http://www.chemweek.com/markets/plastics/synthetic_rubber/Reports-Rosneft-interested-in-acquiring-indebted-rubber-producer-in-Armenia_51846.html
May 7, 2013
State Oil Co. of Azerbaijan (Socar; Baku) will produce polypropylene (PP) at a new site to be established by its Azerikimya Production Union (Baku) subsidiary, Socar...
http://www.chemweek.com/markets/plastics/polypropylene/Report-Azerbaijans-Socar-to-raise-funds-to-build-PP-plant_51811.html
May 7, 2013
(This story has been corrected. An earlier version stated that Westlake's first quarter net income increased by 190% YOY, whereas the actual increase was 40%. We regret the...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Westlake-earnings-leap-40-percent-YOY-beat-street-estimate-corrected_51768.html
May 3, 2013

A fire at an ethylene purification unit at Formosa Plastics’ complex at Point Comfort, TX yesterday, injured 14 people. Eight of the injured have been treated and released as of Friday morning, according to a company spokesperson. 

The fire occurred in an ethylene purification area near the site’s “PE 1” high-density polyethylene (HDPE) production unit. 

...

http://www.chemweek.com/markets/plastics/polyethylene/Fire-injures-14-at-Formosas-Point-Comfort-TX-site_51743.html
May 3, 2013
Private equity firm Sun Capital (Boca Raton, FL) says it will combine five of the packaging companies its owns under its Exopack Holdings (Spartanburg, SC) investment. The...
http://www.chemweek.com/markets/plastics/polyethylene/Sun-Capital-to-combine-packaging-investments-under-Exopack_51745.html
May 2, 2013
Odebrecht (Salvador, Brazil) is planning to invest heavily in Latin America across various industries including petrochemicals, according to various media reports. Projects the company...
http://www.chemweek.com/markets/plastics/polyethylene/Odebrecht-bids-for-gas-pipeline-in-Peru-to-supply-Pacific-coast-petchem-complex_51665.html
May 1, 2013
Wolf Group (Tallin) has acquired a 40% stake in Elasteq do Brasil (São Paolo), the group announced.  Elasteq specializes in the manufacture and sale of waterproofing...
http://www.chemweek.com/markets/plastics/toluene_diisocyanate/Estonias-Wolf-Group-acquires-stake-in-Brazil-sealants-producer_51632.html
April 30, 2013
Huntsman on Tuesday reported a net loss of $24 million due mainly to a charge related to early repayment of debt compared with net income of $163 million in the year-ago quarter...
http://www.chemweek.com/markets/plastics/methylene_dipara_phenylene_isocyanate/Huntsman-first-quarter-adjusted-earnings-fall-75-percent_51605.html
April 30, 2013
CW has learned that Ineos is at an advanced stage of discussions with an unnamed party to transfer the Kerling chlor-vinyls business into a joint venture, which would become one of the...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Ineos-to-hive-off-vinyls-into-joint-venture-Rafnes-cracker-to-stay-with-Ineos_51595.html
April 30, 2013
Mexichem (Tlalnepantla, Mexico) reports a net profit of 836 million Mexican pesos ($69 million) during the first quarter of this year, down 54% from the peso1.8 billion reported during...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/Mexichems-net-profit-drops-54-percent-during-the-first-quarter_51593.html
April 29, 2013
Rosneft (Moscow) and Mitsui & Co. have signed a memorandum of understanding (MOU) to develop jointly Rosneft's previously announced Far East Petrochemical Co. (Fepco) project near...
http://www.chemweek.com/markets/plastics/polyethylene/Rosneft-Mitsui-sign-MOU-to-develop-petchem-project-in-Russian-far-east_51563.html
April 29, 2013
VinylPlus, the European polyvinyl chloride (PVC) industry's sustainable development program, recorded 362,076 m.t. of PVC recycled last year, keeping it on track to meet the challenge...
http://www.chemweek.com/markets/plastics/polyvinyl_chloride/VinylPlus-on-track-to-meet-2020-PVC-recycling-targets_51551.html
April 29, 2013
The Bourgogne Développement Industrie Group (BDI; Paris) has acquired Semoflex (Ogeu-les-Bains, France), the companies have announced. The takeover results in BDI, which also...
http://www.chemweek.com/markets/plastics/polyethylene/Frances-BDI-Group-takes-over-Semoflex-becomes-third-largest-PE-converter-in-France_51547.html
April 26, 2013
LyondellBasell Industries has licensed its Lupotech T and Lupotech A process technologies to Jiangsu Sailboat Petrochemical (JSPC; Lianyungang, China) for a low-density polyethylene...
http://www.chemweek.com/markets/plastics/polyethylene/LyondellBasell-licenses-PE-technology-to-China_51482.html
April 26, 2013
M&G Group (Tortona, Italy) has licensed Alpek’s IntegRex technology for its planned 1.2-million m.t./year purified terephthalic acid (PTA) plant at Corpus Christi, TX, the company announced 16 April....
http://www.chemweek.com/markets/plastics/pet/Alpek-licenses-PTA-to-M-and-G-pays-$350M-for-PET-offtake_51462.html
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