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February 26, 2015
Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects, sales grew...
http://www.chemweek.com/newsletters/cbd/Bayer-results-improve-will-decide-on-either-a-spinoff-or-IPO-of-MaterialScience_68123.html
February 26, 2015
Solvay today reported net income of €158 million ($179.4 million) during the last quarter of 2014, up from €29 million one year earlier. Recurring Ebitda (Rebitda) was €414...
http://www.chemweek.com/newsletters/cbd/Solvays-net-profit-soars_68124.html
February 26, 2015
Axiall is busily reshaping its portfolio. The company announced that it is selling its La Porte, TX, phosgenation facility to Altivia Chemicals for an undisclosed sum. That move came...
http://www.chemweek.com/newsletters/cbd/Axiall-sells-phosgenation-postpones-cracker-pursues-chlor-alkali-MLP_68125.html
February 26, 2015
The United Steelworkers (USW; Pittsburgh) union and the North America’s Building Trades Unions (NABTU; Washington) issued a joint statement on 25 February, clarifying what the USW is...
http://www.chemweek.com/newsletters/cbd/USW-NABTU-unions-clarify-labor-negotiations-during-refinery-strike_68126.html
February 26, 2015
Chemtura reports fourth-quarter adjusted net earnings from continuing operations of $8 million, or 10 cts/share, down 50% year-on-year (YOY), on net sales down 14%, to $467 million...
http://www.chemweek.com/newsletters/cbd/Chemtura-beats-estimates-despite-lower-sales_68127.html
February 26, 2015
Company Today Yesterday Air Products (APD) 156.60 157.02 Airgas (ARG) 117.14 117.11 Albemarle (ALB) 56.08 55.86 Ashland (ASH) 128.40 128.03 Axiall Corp. (AXLL) 47.31 48.42 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_68128.html
February 25, 2015
ThyssenKrupp Industrial Solutions has secured a follow-up order from fertilizer manufacturer Nitrogénmüvek Zrt (Pétfürdö, Hungary) to expand production capacity. ThyssenKrupp...
http://www.chemweek.com/newsletters/cbd/ThyssenKrupp-Industrial-Solutions-to-build-nitric-acid-plant_68093.html
February 25, 2015
Air Liquide and Sasol have signed a long-term agreement for the supply of large quantities of industrial gases to Sasol’s Secunda, South Africa, site about 140 kilometers east of...
http://www.chemweek.com/newsletters/cbd/Air-Liquide-to-build-worlds-largest-ASU_68082.html
February 25, 2015
Private equity company Apax Partners has signed a binding agreement to acquire specialty chemicals distributor Azelis (Antwerp) from another private equity firm, 3i Group. Apax and 3i...
http://www.chemweek.com/newsletters/cbd/Private-equity-firm-Apax-Partners-confirms-acquisition-of-Azelis_68083.html
February 25, 2015
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, announced today that its board of directors on...
http://www.chemweek.com/newsletters/cbd/Petro-Rabigh-plans-50-day-turnaround-at-all-facilities_68084.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/newsletters/cbd/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68085.html
February 25, 2015
Olefins and derivatives producer TVK (Tiszaújváros, Hungary) posted big year-on-year (YOY) increases in earnings for the fourth quarter of 2014. Net profit soared to almost 15...
http://www.chemweek.com/newsletters/cbd/TVK-posts-big-profit-gains_68086.html
February 25, 2015
Alpek reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss was attributable to a...
http://www.chemweek.com/newsletters/cbd/Alpek-widens-loss-exits-JV_68087.html
February 25, 2015
Company Today Yesterday Air Products (APD) 157.02 157.10 Airgas (ARG) 117.11 117.03 Albemarle (ALB) 55.86 55.88 Ashland (ASH) 128.03 127.21 Axiall Corp. (AXLL) 48.42 47.78 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_68088.html
February 25, 2015
Reliance Industries’ refinery and petrochemical complex at Jamnagar, Gujarat State, India, is in a phenomenal expansion phase. The company is in the process of adding the Jamnagar 3...
http://www.chemweek.com/newsletters/cbd/Reliance-Industries-readies-next-phase-of-Jamnagar-super-site_68089.html
February 25, 2015
Uhde Inventa-Fischer, a member of ThyssenKrupp Industrial Solutions, has been awarded a major contract by the chemical group Grupa Azoty (Tarnów, Poland) to build a nylon-6 plant. The...
http://www.chemweek.com/newsletters/cbd/Uhde-Inventa-Fischer-wins-contract-to-build-nylon-6-in-Poland_68090.html
February 25, 2015
BASF and Petronas Chemicals say they will build a world-scale plant that will produce 2-ethylhexanoic (2-EH) acid, at the site of the companies’ BASF Petronas Chemicals joint venture...
http://www.chemweek.com/newsletters/cbd/BASF-Petronas-Chemicals-to-build-2-EH-acid-plant_68091.html
February 25, 2015
CB&I has been awarded a contract by Carbon Holdings (Cairo) for the license and engineering design of a polypropylene (PP) unit to be built at Ain Sokhna, Egypt. The unit will be...
http://www.chemweek.com/newsletters/cbd/CB-and-I-awarded-contract-for-Egypt-PP-plant_68092.html
February 25, 2015
The German chemical industry had its ups and downs in 2014, which closed with a weak quarter, chemical industry trade association VCI (Frankfurt) says in its latest summary. Sales for...
http://www.chemweek.com/newsletters/cbd/Germanys-chemical-industry-closes-2014-with-a-weak-quarter_68081.html
February 24, 2015
BASF and Toda Kogyo (Hiroshima, Japan), a leading developer and manufacturer of cathode materials for lithium-ion (Li-ion) batteries, today established their previously announced joint...
http://www.chemweek.com/newsletters/cbd/BASF-Toda-Kogyo-launch-JV-for-cathode-active-materials-in-Japan_68058.html
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