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April 6, 2015
H.B. Fuller on 25 March reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted...
http://www.chemweek.com/sections/business_finance/usa_americas/H-B-Fuller-earnings-fall-on-currency-full-year-guidance-reaffirmed_69188.html
April 6, 2015
Composites and coatings maker Reichhold Industries (Durham, NC) announced on 2 April that its US operations have emerged from Chapter 11 bankruptcy protection and that the company has...
http://www.chemweek.com/sections/business_finance/usa_americas/Reichholds-US-business-emerges-from-bankruptcy_69189.html
April 6, 2015
John Bresland, the former chair of the Chemical Safety and Hazard Investigation Board (CSB; Washington) and current president for Process Safety Risk Assessment LLC, has urged the...
http://www.chemweek.com/sections/business_finance/usa_americas/Former-CSB-chair-urges-industry-to-lobby-for-experienced-CSB-members_69190.html
April 6, 2015
Ashland on 2 April announced that it is expanding capacity for cellulose ethers at a facility in Hopewell, VA. The $89-million expansion will up capacity by 40% for...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-to-expand-cellulosics-capacity-in-Virginia_69191.html
April 6, 2015
Airgas says that it is building an air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant at Tuscaloosa, AL....
http://www.chemweek.com/sections/business_finance/usa_americas/Airgas-to-build-ASU-in-Alabama-cuts-earnings-guidance_69192.html
April 6, 2015
Chevron Phillips Chemical (CPChem) has begun a start-up event from its shut-down Ethylene Unit 33 at its Sweeny, TX, facility, according to a filing with state regulators on 26 March...
http://www.chemweek.com/sections/business_finance/usa_americas/CPChem-begins-start-up-at-Texas-ethylene-unit_69193.html
April 6, 2015
Ineos says that it has completed a previously announced 10% expansion of capacity at the company’s linear alpha-olefins plant at Joffre, AB. “Additional debottleneck...
http://www.chemweek.com/sections/business_finance/usa_americas/Ineos-completes-alpha-olefins-hike-advances-US-Gulf-project_69194.html
April 6, 2015
The Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) has announced the appointment of Rashed Saud Al Shamsi as chairman....
http://www.chemweek.com/sections/business_finance/europe_mideast/GPCA-appoints-Adnoc-petchem-director-as-chairman_69195.html
April 6, 2015
Nizhnekamsknefetkhim (NKNK; Nizhnekamsk, Russia), a major producer of petrochemicals, has reported its 2014 results, with full-year sales advancing 8.7%, to 137.0 billion Russian...
http://www.chemweek.com/sections/business_finance/europe_mideast/Russias-NKNK-posts-higher-sales-earnings_69196.html
April 6, 2015
Sibur (Moscow), Russia’s leading producer of petrochemicals, has announced the appointment of Alexey Kozlov as management board member/business administration. Kozlov had...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sibur-appoints-new-board-member-approves-capex-plan_69197.html
April 6, 2015
Chemicals and fertilizers company Grupa Azoty (Tarnów, Poland) says that it will invest 1.7 billion zlotych ($452.1 million) to build a propane dehydrogenation (PDH) plant near the company’s existing production facilities at Police, Poland. The investment is the largest in the company’s history....
http://www.chemweek.com/sections/business_finance/europe_mideast/Grupa-Azoty-invests-$450-million-for-propane-dehydro-project-in-Poland_69198.html
April 6, 2015
Evonik Industries, at a press conference held at Wesseling, Germany, on 26 March, announced that it plans to invest more than €4 billion ($4.33 billion) in R&D over the next decade....
http://www.chemweek.com/sections/business_finance/europe_mideast/Evonik-to-invest-&euro4-billion-in-R-and-D-over-next-decade_69199.html
April 6, 2015
The chemical businesses of Sinopec and PetroChina have each reported losses for 2014. Sinopec’s chemicals business swung to a loss, and PetroChina’s chemicals loss narrowed...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-PetroChina-chemical-businesses-report-losses_69200.html
April 6, 2015
Asahi Glass says that its subsidiary Phu My Plastics & Chemicals (PMPC), located in the Cai Mep industrial zone in Ba Ria-Vung Tau Province, Vietnam, will increase production capacity for polyvinyl chloride (PVC) from 100,000 m.t./year to 150,000 m.t./year to meet growing demand for PVC in the country....
http://www.chemweek.com/sections/business_finance/asia_pacific/Asahi-Glass-to-increase-PVC-production-capacity-in-Vietnam_69201.html
April 6, 2015
Sika (Baar, Switzerland) says that it has agreed to acquire Construction Technologies Australia (CTA; Crestmead), one of the leading suppliers of tile adhesives and associated mortar...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sika-acquires-Australian-tile-adhesives-firm_69202.html
March 27, 2015
Employers association and trade union in Germany have agreed on a salary agreement. The 550,000 employees in Germany’s chemical industry will receive a pay rise of 2.8%...
http://www.chemweek.com/sections/business_finance/europe_mideast/Chemical-industry-workers-in-Germany-to-get-2-8-percent-pay-rise_68983.html
March 27, 2015
Composite materials supplier Gurit (Zurich) said today it has appointed Angelo Quabba as CFO and a member of the company’s executive committee, effective 1 August. Quabba is...
http://www.chemweek.com/sections/business_finance/europe_mideast/Gurit-appoints-CFO_68963.html
March 26, 2015
The European Parliament's committee on Industry, Research and Energy (ITRE) says that the transatlantic trade and investment partnership (TTIP), currently being negotiated between the...
http://www.chemweek.com/sections/business_finance/usa_americas/TTIP-European-Parliament-committee-calls-for-support-of-SMEs-energy-intensive-sector-access-to-US-markets_68938.html
March 26, 2015
The presidency of the European Council, the institution of the heads of state or government of the member states of the European Union, currently held by Latvia, has a mandate to start...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Council-ready-to-negotiate-with-parliament-over-market-stability-reserve_68934.html
March 26, 2015
One in every five large (more than 1,000 employees) industrial companies in Germany is involved in a start-up in order to support innovation. But only 1 in 10 firms with fewer than...
http://www.chemweek.com/sections/business_finance/europe_mideast/Germany-Large-companies-buy-into-start-ups-to-tap-creativity_68927.html
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