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March 2, 2015
Shell Chemicals has upgraded its mixed xylene (MX) production at a major US site from an 843 grade to an ASTM 5211 grade, the company says. The upgrade follows the addition of a clay...
http://www.chemweek.com/newsletters/cbd/Shell-completes-mixed-xylenes-upgrade-at-Deer-Park_68236.html
March 2, 2015
Orica (Melbourne) says that it has completed the previously announced sale of the company’s chemicals business to funds advised by private equity firm Blackstone (New York), for...
http://www.chemweek.com/newsletters/cbd/Orica-completes-sale-of-chemicals-business_68237.html
March 2, 2015
India plans to reduce customs duties on a range of petrochemical products and feedstocks, such as styrene monomer and naphtha, when its fiscal year 2015-16 begins on 1 April, the...
http://www.chemweek.com/newsletters/cbd/India-to-cut-duties_68238.html
March 2, 2015
AkzoNobel says that it has recently broken ground on a new alkoxylation facility at Ningbo, China, bringing the company’s total investment in the Ningbo multi-site to more than...
http://www.chemweek.com/newsletters/cbd/AkzoNobel-builds-alkoxylation-facility-at-Ningbo_68239.html
March 2, 2015
GlaxoSmithKline announced today that it has completed its three-part transaction with Novartis, first announced in April last year. GSK, as part of the deal, has acquired Novartis’s...
http://www.chemweek.com/newsletters/cbd/GSK-completes-major-three-part-asset-swap-with-Novartis_68240.html
March 2, 2015
The California Environmental Protection Agency’s office of environmental health hazard assessment (OEHHA) says it intends to list styrene as known to cause cancer under the Safe...
http://www.chemweek.com/newsletters/cbd/California-seeks-to-list-styrene-as-carcinogen_68241.html
March 2, 2015
Evonik Industries reports earnings results tomorrow, followed by Henkel on Wednesday, and Arkema on Thursday. The Chemical Marketing and Economics Group will host a meeting in New York...
http://www.chemweek.com/newsletters/cbd/Week-Ahead_68242.html
March 2, 2015
Company Today Friday Air Products (APD) 157.01 156.28 Airgas (ARG) 118.05 117.45 Albemarle (ALB) 56.70 56.79 Ashland (ASH) 129.25 129.10 Axiall Corp. (AXLL) 46.85 46.36 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_68243.html
March 2, 2015
A rundown of the industry’s key events from IHS Chemical Week Business Daily: > BASF reports higher earnings on flat sales. > Bayer results improve, will decide on either a...
http://www.chemweek.com/newsletters/cbd/Week-of-23-Feb-1-Mar-2015_68244.html
March 2, 2015
Borealis reports a 5% decline in fourth-quarter net profit to €141 million ($157.9 million) on 6% lower sales of €1.98 billion. Full-year 2014 net profit, however, was up 35% to...
http://www.chemweek.com/newsletters/cbd/Borealis-warns-of-lower-profit-this-year_68234.html
February 27, 2015
Shell's Pearl gas-to-liquids (GTL) plant, in Qatar has entered a planned maintenance turnaround in February 2015. Pearl GTL comprises two identical GTL 'trains', with a total capacity...
http://www.chemweek.com/newsletters/cbd/Shells-Pearl-GTL-plant-in-Qatar-in-2-month-turnaround_68202.html
February 27, 2015
International Flavors & Fragrances (IFF), a creator of flavors and fragrances for consumer products, says that it has expanded its flavors facility at Isando, South Africa. The new...
http://www.chemweek.com/newsletters/cbd/IFF-expands-flavors-facility-in-South-Africa_68201.html
February 27, 2015
Sumitomo Chemical says that it will integrate its environmental health and vector control businesses into a reorganized environmental health division, effective 1 April. Sumitomo’s...
http://www.chemweek.com/newsletters/cbd/Sumitomo-Chemical-to-combine-environmental-health-and-vector-control-businesses_68200.html
February 27, 2015
Ferro yesterday reported fourth-quarter net income down 81% year-on-year (YOY), to $11.4 million, on sales down 5%, to $260.9 million. The company reported a loss from continuing...
http://www.chemweek.com/newsletters/cbd/Ferro-earnings-tumble-on-lower-sales_68199.html
February 27, 2015
Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting...
http://www.chemweek.com/newsletters/cbd/Sika-reports-2014-sales-grow-8-percent-to-$5-9-billion-Ebit-leaps-21-percent_68198.html
February 27, 2015
Chemical output in European rose by a paltry 0.3% in 2014, compared with the previous year, according to the latest Cefic Chemicals Trends Report. European chemical sales clawed back...
http://www.chemweek.com/newsletters/cbd/Cefic-EU-chemical-growth-stagnant-in-2014_68197.html
February 27, 2015
BASF today reported fourth-quarter sales of €18.0 billion ($20.2 billion) almost matching the previous year’s level of €18.1 billion. Earnings before interest and tax (Ebit) was...
http://www.chemweek.com/newsletters/cbd/BASF-reports-higher-earnings-on-flat-sales_68196.html
February 27, 2015
Company Today Yesterday Air Products (APD) 156.28 156.60 Airgas (ARG) 117.45 117.14 Albemarle (ALB) 56.79 56.08 Ashland (ASH) 129.10 128.40 Axiall Corp. (AXLL) 46.36 47.31 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_68195.html
February 27, 2015
The CW 75 index increased 0.9% for the week ended 24 February, outpacing the S&P 500, which rose by 0.7%, but lagging the MSCI World Index, which was up 1.1%....
http://www.chemweek.com/newsletters/cbd/CW75-Stock-Performance_68157.html
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
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