IHS Chemical Week

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July 28, 2014
The government has today announced plans to open large parts of the United Kingdom for oil and gas exploration, including unconventional oil and gas that can only be produced by...
http://www.chemweek.com/regions/western_europe/UK-government-invites-bids-for-large-scale-shale-fracking_62739.html
July 28, 2014
BP has announced that Iain Conn, group managing director and chief executive/downstream, is leaving the company and is to step down from BP’s board by the end of the year. Conn...
http://www.chemweek.com/regions/western_europe/BP-names-replacement-for-chief-executivedownstream_62740.html
July 28, 2014
Lesaffre Fermentation Technologies (Leaf Technologies; Marcq-en-Baroeul, France), a subsidiary of Lesaffre Group (Marcq-en-Baroeul) has acquired Butalco (Fürigen, Switzerland), a...
http://www.chemweek.com/regions/western_europe/Biofuels-firm-Leaf-Technologies-acquires-biotechnology-start-up_62743.html
July 28, 2014
Following a strategic review announced last October, Consumer goods group Reckitt Benckiser (RB; Slough, UK) said today that it plans to spin off its pharmaceuticals...
http://www.chemweek.com/regions/western_europe/Reckitt-Benckiser-to-spin-off-pharmaceuticals-business_62736.html
July 25, 2014
BASF today reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Ebitda was up 9.0%, to €2.7...
http://www.chemweek.com/regions/western_europe/BASF-reports-higher-earnings-on-flat-sales-confirms-outlook_62685.html
July 25, 2014
LyondellBasell Industries reports record earnings for the second quarter of $2.22/share, well above the analysts’ consensus estimate of $1.92/share as reported by Thomson Reuters (New York). Gains were broadly distributed across the business....
http://www.chemweek.com/regions/western_europe/LyondellBasell-reports-record-quarter-as-net-income-increases-27-percent_62721.html
July 24, 2014
M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....
http://www.chemweek.com/regions/western_europe/Italian-court-nullifies-Invistas-barrier-patent-says-M-and-G_62699.html
July 24, 2014
Lonza recorded net profits of 140 million Swiss francs ($155 million) for the first half of 2014 compared with profits of SF41 million in the first half of 2013. Sales for the first...
http://www.chemweek.com/regions/western_europe/switzerland/Lonza-reports-huge-rise-in-profits_62691.html
July 23, 2014
Johnson Matthey says it made progress in the first quarter of 2014/15, covering 1 April–30 June, in the face of headwinds from the effect of foreign currency translation and the...
http://www.chemweek.com/regions/western_europe/Johnson-Matthey-reports-lower-profits-flat-sales_62652.html
July 23, 2014
Syngenta’s net income including restructuring and impairment was $1.4 billion, 1% lower in the first six months of this year, on sales up 1%, to $8.5 billion, the company...
http://www.chemweek.com/regions/western_europe/Syngentas-first-half-growth-held-back-by-North-America-outlook-confirmed_62650.html
July 23, 2014
AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to...
http://www.chemweek.com/regions/western_europe/AkzoNobel-reports-higher-second-quarter-profits-confirms-outlook_62649.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/regions/western_europe/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 23, 2014
State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity...
http://www.chemweek.com/regions/western_europe/Electricity-producer-EDF-agrees-to-cut-power-prices-for-Frances-biggest-industrial-consumers_62656.html
July 22, 2014
Output of chemicals increased 1.8% in the European Union during the first five months of 2014 compared with the corresponding period of last year, Cefic says. However, chemicals output...
http://www.chemweek.com/regions/western_europe/EU-production-of-chemicals-increased-in-first-five-months-but-output-slipped-in-May_62634.html
July 22, 2014
Kemira today reported its second-quarter results, with net profit down to €1.8 million ($2.4 million) from €3.7 million in the year-earlier quarter. Revenues decreased 9%, to...
http://www.chemweek.com/regions/western_europe/Kemira-reports-lower-profits-and-revenues-looking-for-acquisitions_62633.html
July 22, 2014
Wacker Chemie said today that it has upgraded its annual Ebitda projection. Ebitda for 2014 is now projected to be at least one-third higher than last year’s €678.7 million...
http://www.chemweek.com/regions/western_europe/Wacker-upgrades-annual-earnings-forecast-on-restructured-polysilicon-contracts_62631.html
July 22, 2014
Croda today reported lower second-quarter sales and earnings on weak consumer demand in Europe. Sales were down 5.8%, to £263.4 million ($449.6 million), while adjusted operating...
http://www.chemweek.com/regions/western_europe/Crodas-sales-and-earnings-down-unlikely-to-match-last-years-pretax-profit_62628.html
July 21, 2014
Evonik Industries and AkzoNobel say they have entered into negotiations to build a membrane cell electrolysis production facility at AkzoNobel’s Ibbenbüren, Germany, site...
http://www.chemweek.com/regions/western_europe/AkzoNobel-and-Evonik-join-forces-in-membrane-cell-chlor-alkali-project-in-Germany_62608.html
July 18, 2014
The boards of AbbVie (North Chicago, IL) and Shire (Dublin) announced today that they have reached agreement for AbbVie to acquire Shire for approximately £32 billion ($54.7...
http://www.chemweek.com/regions/western_europe/AbbVie-to-acquire-Shire-for-$55-billion_62587.html
July 18, 2014
Mylan (Pittsburgh) has entered into a definitive agreement with Abbott to acquire Abbott's non-US developed markets specialty and branded generics business in an all-stock transaction...
http://www.chemweek.com/regions/western_europe/Mylan-to-acquire-Abbotts-non-US-branded-generics-pharma-business_62580.html
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