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April 23, 2013
Polymer manufacturer Nizhnekamskneftekhim (Nizhnekamsk, Russia) formally commissioned a 60,000-m.t./year acrylonitrile butadiene styrene (ABS) unit, during a visit by Rustam...
http://www.chemweek.com/people_and_business/companies/Nizhnekamskneftekhim-commissions-60000-m-t-year-ABS-unit_51364.html
April 23, 2013
Kemira has announced several major restructuring measures and issued profitability and sales targets for 2016. The measures are in addition to the company's Fit for Growth...
http://www.chemweek.com/people_and_business/companies/Kemira-plans-further-restructuring-announces-financial-targets-for-2016_51363.html
April 23, 2013
More Saudi chemical producers have reported first-quarter results, which were mostly lower than in the corresponding period of last year. Saudi International Petrochemical Co...
http://www.chemweek.com/people_and_business/companies/Sipchem-Tasnee-report-lower-first-quarter-profits-Alujain-records-loss-on-extended-shutdown_51358.html
April 22, 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 in Corpus Christi, TX, the...
http://www.chemweek.com/people_and_business/companies/Alpek-licenses-PTA-to-M-and-G-project-buys-PET-offtake-rights-for-$350-million_51221.html
April 22, 2013
K+S has raised the planned capital expenditure for its potash plant project at Saskatchewan, Canada, to C$4.1 billion ($3.9 billion), which includes investments into the the...
http://www.chemweek.com/people_and_business/companies/K+S-increases-capital-spending-for-Canadian-potash-project_51335.html
April 22, 2013
Praxair has signed an agreement with North West Redwater Partnership (NWR; Calgary, AB) to build, own, and operate an air separation facility (ASU) at NWR’s refinery near...
http://www.chemweek.com/people_and_business/companies/Praxair-to-build-ASU-at-Canadian-refinery_51334.html
April 22, 2013
Alpek (San Pedro Garza García, Mexico) achieved $77 million in net consolidated income during the first quarter of 2013, down 20% on the $96-million income reported during the...
http://www.chemweek.com/people_and_business/companies/Alpeks-first-quarter-net-income-down-20-percent_51333.html
April 22, 2013
In the latest salvo in the ongoing A. Schulman– Ferro fight, Schulman management today issued a statement refuting a letter Ferro sent to its shareholders last week. Schulman...
http://www.chemweek.com/people_and_business/companies/Schulman-responds-to-Ferro-shareholder-letter_51337.html
April 22, 2013
The Argentinean government has launched a negotiation process to protect the workers, including subcontracted personnel, at Vale's (Rio de Janeiro) Rio Colorado potash project in...
http://www.chemweek.com/people_and_business/companies/Argentina-launches-process-to-protect-workers-at-Vales-Rio-Colorado-potash-project-site_51324.html
April 19, 2013
Praxair announced is has successfully implemented its CONOx emissions control technology at Valero’s (San Antonio) refinery at Ardmore, OK. The technology helps the...
http://www.chemweek.com/people_and_business/companies/Praxair-implements-emission-control-technology-at-Oklahoma-FCC-unit_51311.html
April 19, 2013
Versalis (Milan), the chemicals business of ENI (Rome), has outlined a major transformation program that aims to shift the company's portfolio from one dominated by commodities toward...
http://www.chemweek.com/people_and_business/companies/Versalis-announces-transformation-plan-mulls-import-of-US-gas_51306.html
April 19, 2013
Air Liquide has signed an agreement with the French Alternative Energies and Atomic Energy Commission (CEA; Paris), to develop a second-generation biofuel production unit in France...
http://www.chemweek.com/people_and_business/companies/Air-Liquide-signs-contract-to-develop-second-generation-biofuel-plant-in-France_51304.html
April 18, 2013
Celanese posted first-quarter net income of $142 million, a decline of 26% due mainly to a significant favorable tax benefit in the year-ago quarter. Excluding charges, Celanese says that adjusted Ebit and earnings were significantly higher. Reported adjusted earnings were $1.14/share, up 44% from the year-ago period and well above the consensus estimate of 78 cts. Adjusted Ebit for the quarter totaled $269 million. Sales of $1.6 billion reflected a year-on-year (YOY) decrease of 1.7%....
http://www.chemweek.com/people_and_business/companies/Celanese-adjusted-earnings-up-44-percent-on-margin-expansion_51300.html
April 18, 2013
In an effort to win a proxy fight with investors FrontFour Capital and Quinpario Partners, Ferro has sent an additional letter to shareholders detailing what the company calls the...
http://www.chemweek.com/people_and_business/companies/Ferro-sends-additional-letter-to-shareholders-dissident-investors-respond_51285.html
April 18, 2013
Sensient Technologies (Milwaukee) reported a drop in net income and earnings per share due to restructuring costs—announced in February—as reported in their first quarter...
http://www.chemweek.com/people_and_business/companies/Sensient-earnings-fall-on-restructuring-charges-sales-reported-flat_51298.html
April 18, 2013
Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose...
http://www.chemweek.com/people_and_business/companies/Cytec-earnings-fall-short-of-estimates-guidance-cut-due-to-economic-risk_51297.html
April 18, 2013
Air Products has signed a memorandum of understanding (MOU) with Gazprom that confirms Air Products’ plans to purchase helium from Gazprom. The Russian energy giant is developing...
http://www.chemweek.com/people_and_business/companies/Air-Products-signs-MOU-for-helium-purchase-in-Russia_51284.html
April 18, 2013
PPG has reported first-quarter adjusted net income of $235 million, or $1.58/share, on sales that were flat, at $3.33 billion. Adjusted net income rose 8.8% from the year-ago quarter...
http://www.chemweek.com/people_and_business/companies/PPG-beats-estimates-on-steady-sales_51283.html
April 18, 2013
Wison Engineering (Shanghai) has developed proprietary butene oxidization and dehydrogenation technology to produce butadiene, the company announced. The novel technology, featuring a...
http://www.chemweek.com/people_and_business/companies/Chinese-engineering-firm-develops-proprietary-butene-dehydrogenation-technology_51280.html
April 18, 2013
Honeywell’s UOP unit has licensed its methanol-to-olefin (MTO) to Jiangsu Sailboat Petrochemical (Jiangsu, China) for a project in Lianyungang, in China's Jiangsu...
http://www.chemweek.com/people_and_business/companies/Honeywells-UOP-methanol-to-olefin-technology-licensed-in-China_51279.html
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