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October 24, 2014
Westlake says it will invest over $330 million to expand ethylene capacity at its facility in Lake Charles, LA, by 250 million lbs/year and to make other capital improvements. The...
http://www.chemweek.com/newsletters/cbd/Westlake-plans-$330-million-ethylene-expansion-at-Lake-Charles_64793.html
October 24, 2014
Air Liquide has reported that its third-quarter revenue was €3.8 billion ($4.81 billion), up 1% year-on-year (YOY) on a reported basis and 4.3% YOY on a comparable basis. Comparable...
http://www.chemweek.com/newsletters/cbd/Air-Liquides-revenue-boosted-by-growth-in-emerging-markets_64794.html
October 24, 2014
The European Council, the institution of the heads of state or government of the member states of the European Union, has agreed on the 2030 climate and energy policy framework for the...
http://www.chemweek.com/newsletters/cbd/European-leaders-set-ambitious-climate-energy-targets-for-2030_64795.html
October 24, 2014
The American Chemistry Council (ACC) today released its monthly global chemical production index (Global CPRI), with the CPRI rising 0.1% over September on a three-month moving average...
http://www.chemweek.com/newsletters/cbd/ACC-Global-CPRI-inches-up-production-slows-in-third-quarter_64796.html
October 24, 2014
Company Today Yesterday Air Products (APD) 131.48 129.94 Airgas (ARG) 109.42 110.19 Albemarle (ALB) 57.16 57.12 Ashland (ASH) 106.20 105.79 Axiall Corp. (AXLL) 38.66 38.77 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_64797.html
October 24, 2014
BASF today reported a slight increase in third-quarter Ebitda to €2.52 billion ($3.19 billion) compared with €2.49 billion in the year-earlier quarter. Earnings before interest and...
http://www.chemweek.com/newsletters/cbd/BASF-raises-third-quarter-sales-and-earnings-unlikely-to-achieve-2015-targets_64791.html
October 24, 2014
LyondellBasell reports third-quarter net income of $1.3 billion, up 48% year-over-year (YOY) from $851 million. Sales totaled $12.1 billion, an 8% YOY increase. At $2.45, diluted...
http://www.chemweek.com/newsletters/cbd/LyondellBasell-third-quarter-income-up-48-percent-on-Americas_64792.html
October 23, 2014
BASF today appointed Sanjeev Gandhi, 47, to the board of executive directors, effective 1 December 2014. Gandhi, currently head of BASF’s intermediates division, will replace Andreas...
http://www.chemweek.com/newsletters/cbd/BASF-shuffles-executive-board-as-one-member-retires_64733.html
October 23, 2014
Private equity firms are mulling possible offers for Bayer MaterialScience (BMS), the German life science company’s major polyurethanes and polycarbonates business, according to a...
http://www.chemweek.com/newsletters/cbd/Report-Private-equity-firms-eyeing-Bayer-MaterialScience_64734.html
October 23, 2014
Novozymes reports a 12% increase in net profit during the third quarter, to 637 million Danish krone ($108.6 million) compared with DK568 million in the same quarter of 2013, according...
http://www.chemweek.com/newsletters/cbd/Novozymes-boosts-2014-outlook_64735.html
October 23, 2014
Sabic confirmed today that a project announced in November 2012 to build a styrene monomer, propylene oxide and polyols complex by Saudi Petrochemical Co. (Sadaf), a joint venture with...
http://www.chemweek.com/newsletters/cbd/Sabic-confirms-cancelation-of-Sadaf-POSM-polyols-project_64736.html
October 23, 2014
Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted...
http://www.chemweek.com/newsletters/cbd/Albemarle-beats-estimates_64737.html
October 23, 2014
The sharp drop in crude oil prices has increased near-term volatility, but will not stop ethylene margins from marching toward a peak over the next two years, Dow Chemical officials...
http://www.chemweek.com/newsletters/cbd/Lower-crude-prices-wont-cut-off-ethylene-margins-at-the-peak-Dow-says_64732.html
October 23, 2014
Company Today Yesterday Air Products (APD) 129.94 131.31 Airgas (ARG) 110.19 113.15 Albemarle (ALB) 57.12 55.89 Ashland (ASH) 105.79 105.66 Axiall Corp. (AXLL) 38.77 40.83 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_64731.html
October 23, 2014
The CW75 index jumped 5.0% for the week ended 21 October, rising above the MSCI World Index, which increased 2.5%, and the S&P 500, which rose 3.0%....
http://www.chemweek.com/newsletters/cbd/CW75-Stock-Performance_64729.html
October 22, 2014
Eastman Chemical today said it has completed its expansion of non-phthalate plasticizers capacity at its Texas City, TX, manufacturing plant. The expansion will increase production...
http://www.chemweek.com/newsletters/cbd/Eastman-completes-plasticizers-capacity-expansion_63910.html
October 22, 2014
Dow Chemical posted net income of $852 million, up 43% from the year-ago quarter, led by strong gains in performance materials, performance plastics, and electronic materials. Revenues...
http://www.chemweek.com/newsletters/cbd/Dow-posts-43-percent-third-quarter-net-income-gain_64679.html
October 22, 2014
Total today named Patrick Pouyanné CEO, following the death of Christophe de Margerie, chairman and CEO, in a plane crash at Moscow airport earlier this week. Pouyanné was until...
http://www.chemweek.com/newsletters/cbd/Total-appoints-head-of-refining-and-chemicals-as-its-new-CEO_64680.html
October 22, 2014
Polymer resins producer Nuplex Industries (Auckland, New Zealand) today announced that it has agreed to sell its agency & distribution business—Nuplex Specialties, and the...
http://www.chemweek.com/newsletters/cbd/Nuplex-to-sell-distribution-masterbatch-businesses-to-Axieo_64681.html
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