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January 31, 2014
Composite materials supplier Gurit (Zurich) says its sales for the fourth quarter 2013 were SF 75.4 million ($83.9 million), compared with SF 63.9 million in the year-ago quarter, an...
http://www.chemweek.com/sections/business_finance/europe_mideast/Gurit-reports-18-percent-YoY-increase-in-fourth-quarter-sales_58465.html
January 29, 2014
The European Chemicals Agency (ECHA; Helsinki) has requested more information from stakeholders on a proposed restriction of 1-methyl-2-pyrrolidone, or N-methylpyrrolidone (NMP)...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-requests-more-information-on-proposed-restriction-of-N-methylpyrrolidone_58388.html
January 28, 2014
The European Union and 13 other members of the World Trade Organization (WTO; Geneva), including the United States and China, have pledged to launch negotiations within the WTO to...
http://www.chemweek.com/sections/business_finance/usa_americas/WTO-members-start-initiative-to-reduce-tariffs-on-green-goods_58354.html
January 24, 2014
Freedom Industries has filed for bankruptcy a week after a leak at one of its tanks containing 4-methylcyclohexane methanol (MCHM) forced a water ban in nine West Vriginia counties surrounding Charleston, WV—the state’s largest city....
http://www.chemweek.com/sections/business_finance/usa_americas/Freedom-Industries-declares-bankruptcy-following-WV-spill_58278.html
January 24, 2014
Germany's energy-intensive industries association EID (Berlin) has strongly criticized the planned provisions for the self-generation of electricity, as laid out by the federal...
http://www.chemweek.com/sections/business_finance/europe_mideast/Energy-industries-association-criticizes-plans-for-reform-of-Germanys-renewable-energy-law_58221.html
January 24, 2014
The fraction of renewable energy in the global energy mix could be increased to 30% or more by 2030, double the level today, the International Renewable Energy Agency (Irena; Abu...
http://www.chemweek.com/sections/business_finance/usa_americas/Report-Fraction-of-renewable-energy-could-be-doubled_58301.html
January 24, 2014
Brazil incurred a trade deficit for chemcial products of about $32 billion during 2013, up 13.6% from the prior year, according to figures released by Abiquim (São Paulo), the...
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-chemical-trade-deficit-reached-$32-billion-in-2013_58243.html
January 24, 2014
Chemtura has filed a lawsuit in the Superior Court of California at Sacramento seeking to overturn California’s new fire-safety standard for upholstered furniture. The standard...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-files-suit-against-new-California-fire-safety-rule_58244.html
January 24, 2014
Reform of the Toxic Substances Control Act (TSCA) along with trade-related issues top the regulatory concerns for Socma this year, officials said at the Informex trade show, which ran 21–24 January at Miami....
http://www.chemweek.com/sections/business_finance/usa_americas/Informex-2014-TSCA-trade-top-Socmas-regulatory-agenda_58245.html
January 24, 2014
Agrium lowered fourth-quarter projections on 21 January, saying operating earnings are expected to be at the bottom of a previously announced range of 80 cts–$1.25/share....
http://www.chemweek.com/sections/business_finance/usa_americas/Agrium-lowers-fourth-quarter-projections_58246.html
January 24, 2014
Petróleos Mexicanos (Pemex; Mexico City) has announced the acquisition of Agro Nitrogenados’ urea manufacturing asset, which Pemex plans to reactivate and revamp. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Pemex-to-spend-$475-million-on-urea-plant-in-Mexico_58247.html
January 24, 2014
Production has started at Petroquímica de Venezuela’s (Pequiven; Valencia, Venezuela) 1,800-m.t./day ammonia plant at the Morón petrochemical complex in Carabobo...
http://www.chemweek.com/sections/business_finance/usa_americas/Pequiven-starts-ammonia-unit_58248.html
January 24, 2014
Novozymes (Bagsvaerd, Denmark) says it met or exceeded all of its financial targets in 2013 following a strong fourth quarter. Organic sales growth in 2013 was 7.0%, Ebit grew by 6.0%...
http://www.chemweek.com/sections/business_finance/europe_mideast/Novozymes-meets-targets-positive-on-2014-and-planned-BioAg-Alliance_58249.html
January 24, 2014
Sabic reports a 5.7% increase in fourth-quarter 2013 net profit, to 6.16 billion Saudi riyals ($1.64 billion)....
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabic-and-other-Saudi-firms-report-improved-earnings_58250.html
January 24, 2014
The European Commission says it has “adopted a recommendation aimed at ensuring that proper environmental and climate safeguards are in place for fracking....
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Commission-recommends-safeguards-for-fracking_58251.html
January 24, 2014
Uralkali (Berezniki, Russia) says that its Uralkali Trading subsidiary has reached an agreement on potash deliveries to China in the first half of 2014 at $305/m.t. cfr. The price is...
http://www.chemweek.com/sections/business_finance/europe_mideast/Uralkali-export-contract-to-China-confirms-slide-in-potash-prices_58252.html
January 24, 2014
Connell Brothers (San Francisco), a division of Wilbur-Ellis (San Francisco), says that its Connell Brothers Australasia (Brisbane, Australia) subsidiary has acquired the business of...
http://www.chemweek.com/sections/business_finance/asia_pacific/Connell-Brothers-acquires-enzyme-distributor-in-Australia_58226.html
January 24, 2014
Total says Chinese authorities have given it the go-ahead to proceed with a coal-to-olefins joint venture with China Power Investment (CPI; Beijing) in the autonomous region of Inner...
http://www.chemweek.com/sections/business_finance/asia_pacific/Total-gets-green-light-for-coal-to-olefins-JV-in-China_58227.html
January 24, 2014
Reliance Industries says net profits for its fiscal third quarter, ended 31 December 2013, increased 0.2% compared with the same period of the previous year, to about 55.11 billion Indian rupees ($892 million)....
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-Industries-reports-a-slight-increase-in-profits_58225.html
January 24, 2014
Jack Golsen, chairman and CEO of LSB Industries, has issued an open letter to shareholders defending the company’s business strategy against criticism from shareholder Engine...
http://www.chemweek.com/sections/business_finance/usa_americas/LSB-Industries-counters-moves-by-activist-shareholder-Engine-Capital_58277.html
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