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February 25, 2015
The German chemical marked a year of ups and downs in 2014 with a weak quarter, chemical industry trade association VCI (Frankfurt) says in its latest summary. Sales for the full year...
http://www.chemweek.com/sections/business_finance/Germanys-chemical-industry-closes-2014-on-weak-note-production-expected-to-grow-1-5-percent-in-2015_68070.html
February 25, 2015
The national salary negotiations for workers in Germany’s chemical industry have been adjourned without agreement. The negotiations between the employers association BAVC...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-chemical-industry-pay-talks-adjourned-without-result-employers-playing-with-fire_68066.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasells-CFO-to-leave-the-company_68035.html
February 24, 2015
The environment committee of the European Parliamentary has voted in favor of a reform of the European Union’s Emissions Trading System (EU ETS), backing a draft law to reduce...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-environment-committee-votes-for-market-stability-reserve-to-take-effect-start-of-2019_68049.html
February 23, 2015
On the eve of national tariff negotiations in Germany, the employers association BAVC (Wiesbaden) has called on the trade union IG BCE (Hanover), which represents workers in the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Chemical-pay-negotiations-to-start-in-Germany-tomorrow_68007.html
February 20, 2015
A large majority of the leading chemical companies based in Japan have reported improved earnings for the fiscal first nine months, ended 31 December 2014. Only Teijin and Tokuyama...
http://www.chemweek.com/sections/business_finance/asia_pacific/Leading-Japanese-companies-report-improved-earnings_67892.html
February 20, 2015
through the weakening of the euro, early-reporting companies based in Europe gained some relief in the fourth quarter of 2014 from the currency headwinds they had been battling all...
http://www.chemweek.com/sections/business_finance/europe_mideast/Earnings-reflect-softer-demand-offsetting-weaker-euro_67920.html
February 20, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced sales of €875,000 ($997,000) in fourth-quarter 2014, compared €375,000 in the...
http://www.chemweek.com/sections/business_finance/METabolic-EXplorer-announces-sales-of-$997000-in-fourth-quarter-2014_67968.html
February 20, 2015
Total is the latest oil company to announce spending cuts and operating-cost reductions, as well as to write down upstream assets, in response to falling oil prices....
http://www.chemweek.com/sections/business_finance/europe_mideast/Total-cuts-costs-spending-writes-down-upstream-assets_67919.html
February 20, 2015
Braskem’s second six-month contract covering naphtha feedstock supplies from Petrobras expires at the end of February. Braskem does not anticipate agreeing on a long-term feedstock contract before then given Petrobras’s leadership changes that were announced earlier in the month, said Carlos Fadigas, CEO of Braskem, during the company’s fourth-quarter financial results call....
http://www.chemweek.com/sections/business_finance/usa_americas/Long-term-naphtha-supply-contract-unlikely-for-Braskem_67915.html
February 20, 2015
Braskem swung to a net loss of 24.0 million reais ($8.4 million) during the last quarter of 2014; the company broke even in the same quarter of 2013. However, for the whole of 2014...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-swings-to-net-loss-in-fourth-quarter-revenue-up-8-percent_67916.html
February 20, 2015
Olin said on 10 February that a portion of its McIntosh, AL, facility was unable to return to full operations following a planned maintenance outage. “This outage will impact our...
http://www.chemweek.com/sections/business_finance/usa_americas/Olin-declares-force-majeure-on-chlorine-salt-at-McIntosh-AL_67917.html
February 20, 2015
OCI (Amsterdam) has announced that it has formally commenced proceedings to demerge the company’s engineering and construction business from its fertilizer and chemicals...
http://www.chemweek.com/sections/business_finance/europe_mideast/OCI-details-demerger-of-fertilizers-from-construction-operations_67918.html
February 20, 2015
Specialty chemical earnings are once again mixed, with solid growth in some markets and softness in others. International Flavors & Fragrances (IFF) reports solid results across...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialties-earnings-vary-by-end-market_67951.html
February 20, 2015
The immediate effect of declining crude oil prices on the petrochemical market has been destocking and a pause in investment, but in the longer term demand will surge past earlier...
http://www.chemweek.com/sections/business_finance/usa_americas/Petchems-to-surge-tighten-after-near-term-weakness-on-oil_67952.html
February 20, 2015
Quinpario Acquisition 2, the new blank-check fund formed by former Solutia CEO Jeffry Quinn, is eyeing Arsenal Capital’s Royal Adhesives & Sealants (South Bend, IN), in a...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Firm-eyeing-Royal-Adhesives_67953.html
February 20, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell restarted negotiations 18 February regarding a new three-year labor contract agreement. USW is still seeking...
http://www.chemweek.com/sections/business_finance/usa_americas/Strike-continues-as-USW-extends-action-to-two-BP-refinery-sites_67954.html
February 20, 2015
Recent commodity earnings reports reflect a difficult fourth quarter, but the companies present an optimistic outlook for 2015. Huntsman swung to a loss on lower earnings from the...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-firms-still-optimistic-despite-difficult-fourth-quarter_67950.html
February 20, 2015
Yara International and BASF have given final approvals to build a previously announced; 750,000-m.t./year ammonia plant at BASF’s site at Freeport, TX. The companies first announced plans for the project in October 2013. The plant is expected to be completed by the end of 2017. Total capital investment for the plant is estimated at $600.0 million....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-Yara-confirm-ammonia-plans-Praxair-to-supply-H2_67959.html
February 20, 2015
Air Liquide intends to build a $170.0-million air separation unit (ASU) that will supply Shandong Yuhuang Chemical’s (Heze City, China) planned, world-scale methanol project in St...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-plans-$170-million-ASU-for-methanol-project_67960.html
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