IHS Chemical Week

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March 16, 2015
The second round of pay tariff negotiations in Germany’s chemical industry has ended without a concrete result, the employers association BAVC (Wiesbaden) has announced. BAVC...
http://www.chemweek.com/regions/western_europe/Pay-talks-in-Germany-Employers-offer-1-6-percent-union-claims-provocation_68588.html
March 16, 2015
The enterprise value of the transaction is €600 million ($674.8 million) plus an earnout of up to €175 million. Net cash proceeds at closing to DSM will be about €300–350 million....
http://www.chemweek.com/regions/western_europe/uk/DSM-sells-65-percent-stake-in-caprolactam-acrylonitrile-and-composite-resins-businesses-to-CVC_68587.html
March 16, 2015
Linde announced today group sales of €17.0 billion ($17.8 billion) in full-year 2014 compared with €16.7 billion in 2013, an increase of 4.5% year-on-year (YOY) after...
http://www.chemweek.com/regions/western_europe/Linde-increases-sales-despite-tough-conditions_68586.html
March 16, 2015
Albemarle says that it is streamlining its portfolio of mineral flame-retardant products and refocusing resources on key product grades. The company will immediately discontinue...
http://www.chemweek.com/regions/western_europe/germany/Albemarle-to-discontinue-production-of-certain-mineral-flame-retardants-increase-ATH-capacity_68581.html
March 16, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that the previously announced acquisition of Prolactal (Hartberg, Austria) and its subsidiary Rovita (Engelsberg, Germany) was completed on...
http://www.chemweek.com/regions/western_europe/ICL-completes-acquisition-of-food-ingredients-firm-Prolactal_68576.html
March 13, 2015
The spread between styrene and benzene prices reached an all-time high in Europe this week as spot styrene continued to surge but benzene faltered.   March styrene offers breached...
http://www.chemweek.com/regions/western_europe/Europes-styrene-benzene-spread-reaches-record-high_68558.html
March 13, 2015
GE and Kemira have entered into a formal distribution agreement that combines GE's water technology with Kemira’s on-site services to deliver a seamless offering to the global...
http://www.chemweek.com/regions/western_europe/finland/GE-and-Kemira-create-global-alliance-to-bring-water-technology-to-pulp-and-paper-industry_68461.html
March 13, 2015
Wood Group (Aberdeen, UK) announced today that it has been awarded a contract by Statoil (Stavanger, Norway) for engineering modifications and upgrades to its Kollsnes process plant...
http://www.chemweek.com/regions/western_europe/Wood-Group-awarded-contract-to-expand-gas-processing-plant-in-Norway_68552.html
March 13, 2015
Shell Chemicals announced today that it has completed revamping its Wesseling, Germany, steam cracker, improving energy efficiency and boosting production volumes. Modifications to...
http://www.chemweek.com/regions/western_europe/Shell-Chemicals-completes-cracker-revamp-in-Germany_68550.html
March 13, 2015
AkzoNobel says that it has extended its official supplier partnership with McLaren's racing subsidiary. The two companies have worked together since 2008 when, via its Sikkens brand...
http://www.chemweek.com/regions/western_europe/netherlands/AkzoNobel-extends-supplier-partnership-with-McLaren_68549.html
March 12, 2015
Potash producer K+S's (Kassel, Germany) operating earnings (Ebit) during the last quarter of 2014 were €130.4 million ($138.6 million), up 30% year-on-year (YOY), despite higher...
http://www.chemweek.com/regions/western_europe/K+Ss-operating-profit-soars_68485.html
March 12, 2015
Prayon (Engis, Belgium), a leading producer of phosphate raw material and fertilizers, has announced a price increase of its phosphate products worldwide. The increase of around...
http://www.chemweek.com/regions/western_europe/Prayon-raises-phosphate-prices-as-the-euro-continues-its-downward-slide_68470.html
March 12, 2015
Sappi (Johannesburg) said on Wednesday that it will locate a ground-breaking pilot plant for low-cost production of cellulose nanofibrils (CNF) at the Brightlands Chemelot campus at...
http://www.chemweek.com/regions/western_europe/Sappi-to-build-ground-breaking-nanocellulose-pilot-plant-in-the-Netherlands_68468.html
March 12, 2015
Solvay says that it has agreed with Emery Oleochemicals (Shah Alam, Malaysia) and chemical company ERCA (Grassobbio, Italy), to buy their jointly-owned new alkoxylation facility...
http://www.chemweek.com/regions/western_europe/Solvay-to-acquire-large-scale-alkoxylation-plant-in-the-Netherlands_68464.html
March 11, 2015
Bayer, at an investor conference at Berlin on Wednesday, says that it will invest heavily in its life science businesses — HealthCare and CropScience. Bayer will aim to increase...
http://www.chemweek.com/regions/western_europe/Bayer-to-expand-life-science-businesses_68435.html
March 11, 2015
Chemical tanker shipping faces another tough year of falling freight rates in 2015 but the industry is expected to recover next year, according to consulting firm Drewry (London)...
http://www.chemweek.com/regions/western_europe/Chemical-tanker-shipping-industry-faces-a-challenging-year_68458.html
March 11, 2015
Sirius Minerals (London) today issued 225.98 million new shares at a price of 7 pence per share to raise approximately £15 million ($22.5 million). The new shares represent...
http://www.chemweek.com/regions/western_europe/Sirius-raises-£15-million-to-fund-development-of-UK-potash-project_68440.html
March 11, 2015
IMCD (Rotterdam), a distributor of specialty chemicals, says that its net profit before amortization and nonrecurring items increased more than four-fold in 2014, to €54 million...
http://www.chemweek.com/regions/western_europe/Distributor-IMCD-reports-higher-profit-sales_68454.html
March 11, 2015
Tessenderlo Group reported today a profit of €52.8 million ($56.8 million) for 2014 compared with a €65.1-million loss in the previous year. This swing to profit was due to...
http://www.chemweek.com/regions/western_europe/Tessenderlo-swings-to-profit-in-2014_68437.html
March 11, 2015
Johnson Matthey’s fine chemicals division says that it has completed commissioning of new high containment facilities for potent product manufacture at the site of its Macfarlan...
http://www.chemweek.com/regions/western_europe/uk/Johnson-Matthey-commissions-high-containment-manufacturing-capacity-in-UK_68427.html
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