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October 23, 2015
Sabic has announced a worldwide transformation, effective 1 January 2016. It follows a comprehensive review addressing the challenges Sabic faces as part of its previously announced...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabic-reshuffle-creates-specialties-SBU-dissolves-innovative-plastics_74555.html
October 23, 2015
Versalis (Milan), the chemicals subsidiary of ENI (Rome), has achieved a major turnaround since its creation three years ago....
http://www.chemweek.com/sections/business_finance/europe_mideast/Versalis-speeds-transformation-Dunkirk-cracker-switch-on-hold_74556.html
October 23, 2015
Cefic has cut its 2015 output growth forecast for the chemicals industry in the European Union from 1.5% to 1.0% and expects growth of only 1.5% next year....
http://www.chemweek.com/sections/business_finance/europe_mideast/Cefic-cuts-2015-forecast-calls-for-level-playing-field-on-ETS_74557.html
October 23, 2015
Reliance Industries says that net profits for the company’s fiscal second quarter, ended 30 September, increased 13% compared with the same period of the previous year, to about 67.2...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-reports-quarterly-profits-rise-13-percent-but-sales-fall_74558.html
October 23, 2015
BASF plans to expand its emollients and waxes capacity with a new plant at the company’s site in the Jinshan district of Shanghai....
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-expands-emollients-waxes-in-China-Sinopec-JV-opens-INA-plant_74559.html
October 23, 2015
Idemitsu Kosan says it will stop in-house production of polycarbonate (PC) resin, sold under the Tarflon brand. The company will close its PC facility at Chiba, Japan, in December. The...
http://www.chemweek.com/sections/business_finance/asia_pacific/Idemitsu-Kosan-to-shut-polycarbonate-plant_74560.html
October 23, 2015
The US specialty chemicals market contracted 1.0% year-on-year (YOY) in September on a three-month moving average (3MMA), according to the latest ACC specialty market volume report...
http://www.chemweek.com/sections/business_finance/usa_americas/US-specialty-chemicals-down-1-0-percent-in-September_74603.html
October 23, 2015
Azelis Group, a major, Europe-based specialties distributor, has agreed to acquire Koda Distribution Group (Stamford, CT) to expand its presence in North America. Koda will be renamed Azelis Americas and will continue to be led by CEO Frank Bergonzi....
http://www.chemweek.com/sections/business_finance/usa_americas/Apaxs-Azelis-to-acquire-Koda-Distribution-from-Audax_74604.html
October 23, 2015
While ag and crop nutrient markets may be distressed in 2015, investment management and research firm Bernstein Research predicts that the demand weakness for potash may be temporary...
http://www.chemweek.com/sections/business_finance/usa_americas/Bernstein-says-Mosaic-PotashCorp-to-outperform-despite-soft-market_74605.html
October 23, 2015
Air Liquide has acquired PoroGen (Woburn, MA), a maker of on polyetheretherketone-based membrane materials used in gas separation, gas-liquid transfer, hybrid absorption...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Liquide-acquires-membranes-maker-PoroGen_74616.html
October 23, 2015
Celanese says that its 50-50 joint venture with Mitsui & Co. has completed constructing the previously announced methanol production plant at Celanese’s integrated chemical site...
http://www.chemweek.com/sections/business_finance/usa_americas/Celanese-Mitsui-JV-begins-methanol-production-at-Clear-Lake_74617.html
October 23, 2015
Specialty chemical manufacturers largely weathered tough conditions during the third quarter, with most companies beating estimates on higher earnings despite lower revenues. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-overcome-currency-impact_74618.html
October 26, 2015
Kemira (Helsinki) has announced sales of €625.1 million ($704.2 million) in the third quarter of 2015 compared with sales of €541.5 million in third-quarter 2014, an increase...
http://www.chemweek.com/sections/business_finance/Kemira-reports-double-digit-increases-in-sales-profit-in-third-quarter-update_74623.html
October 22, 2015
Sensient Technologies (Milwaukee) has reported sales of $344.5 million in the third quarter compared with sales of $364.5 million in the corresponding quarter of 2014, a decline of...
http://www.chemweek.com/sections/business_finance/Sensient-sales-decline-profit-leaps-20-percent_74539.html
October 20, 2015
Composite materials supplier Gurit (Zurich) has reported sales of 269.2 million Swiss francs ($281.9 million) in the first nine months of 2014 compared with sales of SF250.7 million in...
http://www.chemweek.com/sections/business_finance/Gurit-reports-sales-increase-to-$282-million-in-first-nine-months_74498.html
October 20, 2015
The European Environment Agency (EEA; Brussels) says in its Trends and projections in Europe in 2015 report that greenhouse gas (GHG) emissions in Europe fell by 23% in 1990–2014...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Union-headed-for-24-percent-lower-greenhouse-gas-emissions-by-2020_74497.html
October 20, 2015
Contract development and manufacturing organization Recipharm (Jordbro, Sweden) has announced that it is to acquire a majority stake in Nitin Lifesciences (Karnal, India). Nitin...
http://www.chemweek.com/sections/business_finance/europe_mideast/Recipharm-to-acquire-a-majority-stake-in-India-contract-manufacturer_74493.html
October 20, 2015
The US specialty chemicals market contracted 1.0% year-on-year (YOY) in September on a three-month moving average (3MMA), according to the latest issue of ACC's specialty market volume...
http://www.chemweek.com/sections/business_finance/usa_americas/US-specialty-chemicals-down-1-0-percent-in-September_74470.html
October 16, 2015
The trade association energy-intensive industries in Germany (EID; Berlin) has described the recently announced increase in the renewable energy law (EEG) levy for 2016 as “bad...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-industry-criticizes-increase-in-levy-to-support-energy-transition_74444.html
October 26, 2015
The US economy will take a massive hit if Congress does not extend the 31 December deadline for implementing positive train control (PTC), according to a report ACC released in...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-Looming-PTC-deadline-threatens-economic-chaos_74269.html
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