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March 13, 2015
Arkema says its fourth-quarter Ebitda, characterized by year-end seasonality, was flat, at €162 million ($178.8 million), with sales declining 1.7%, to €1.43 billion....
http://www.chemweek.com/sections/business_finance/europe_mideast/Arkema-reports-lower-sales-and-profits-buys-Oxido_68488.html
March 13, 2015
Borealis, a leading polyolefins producer in Europe and member of the International Petroleum Investment Co. (Abu Dhabi) group, has reported an increase in full-year profit and said that it may invest in fertilizers in the United States....
http://www.chemweek.com/sections/business_finance/europe_mideast/Borealis-US-ethane-still-attractive-eyeing-fertilizer-growth_68490.html
March 13, 2015
AkzoNobel announced recently that it is investing further in the company’s production sites at Ningbo, China; and Cikarang, Indonesia. AkzoNobel says that its performance coatings...
http://www.chemweek.com/sections/business_finance/asia_pacific/AkzoNobel-adds-coatings-capacity-alkoxylation-unit_68491.html
March 13, 2015
Huntsman says that it will, in the first half of 2015, begin constructing a 25,000-m.t./year capacity expansion at the company’s polyetheramine facility at Jurong Island, Singapore...
http://www.chemweek.com/sections/business_finance/asia_pacific/Huntsman-to-expand-polyetheramine-capacity-in-Singapore_68492.html
March 13, 2015
Daelim Industrial (Seoul) says that its petrochemical division plans to expand production capacity at its highly reactive polybutene plant at the Yeosu National Industrial Complex in South Korea. Daelim will invest 74.0 billion South Korean won ($65.8 million) to expand capacity at the plant from 65,000 m.t./year to 100,000 m.t./year by November 2016....
http://www.chemweek.com/sections/business_finance/asia_pacific/Daelim-hikes-polybutene-at-Yeosu_68493.html
March 13, 2015
Asahi Kasei says that its board has decided to absorb three wholly owned subsidiaries—Asahi Kasei Chemicals (AKC), Asahi Kasei Fibers (AKF), and Asahi Kasei E-materials—effective 1...
http://www.chemweek.com/sections/business_finance/asia_pacific/Asahi-Kasei-to-absorb-three-subsidiaries_68494.html
March 13, 2015
BASF has reported fourth-quarter 2014 sales of €18.0 billion ($20.2 billion), almost matching the previous year’s €18.1 billion. Ebit was 2.8% higher, at €1.5 billion....
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-reports-higher-earnings-on-flat-sales-starts-up-plants_68487.html
March 13, 2015
Huntsman says that it plans to restructure its color pigments business, including reducing its head count by 120 positions. The move forms part of a previously announced plan to...
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-to-cut-120-jobs-in-color-pigments-business_68533.html
March 13, 2015
M&A activity in the chemical industry increased in 2014 as compared with the year prior with both value and volume increases. M&A deal equity value rose 58% year-on-year (YOY), to $49 billion, in 2014, according to data compiled by Young & Partners (Y&P; New York), an investment bank. Deal value was over double the 2012’s figure; however, it remained 40% below the previous peak of $82 billion, reached in 2011....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemicals-M-and-A-activity-increased-in-2014_68536.html
March 13, 2015
Hexion and OM Group both report losses due to special charges early in March, with sales also down because of currency impacts. Hexion, formerly Momentive Specialty Chemicals, reports...
http://www.chemweek.com/sections/business_finance/usa_americas/Hexion-OM-Group-report-losses-sales-fall-on-currency-impact_68537.html
March 13, 2015
Merck KGaA (Darmstadt, Germany) says that its fourth-quarter Ebitda before one-time items rose 10.5%, to €878.4 million ($983.9 million), on 12.9% higher sales of €3.0...
http://www.chemweek.com/sections/business_finance/europe_mideast/Acquisitions-boost-Merck-KGaAs-sales-and-earnings_68489.html
March 13, 2015
Valero Energy (San Antonio) has not included a previously announced methanol project in Louisiana in the company’s capital expenditure (capex) budgets for 2015 or 2016. Valero...
http://www.chemweek.com/sections/business_finance/usa_americas/Valeros-Louisiana-methanol-project-is-delayed_68539.html
March 13, 2015
Whistleblowers have implicated Braskem in the corruption scandal surrounding state-owned oil producer Petrobras (Rio de Janeiro), according to a report from newspaper Folha de S...
http://www.chemweek.com/sections/business_finance/usa_americas/Whistleblowers-implicate-Braskem-in-Petrobras-scandal_68542.html
March 13, 2015
The US Coast Guard says the Houston Ship Channel was reopened on 12 March, three days after two ships collided, forcing the waterway to close. The shutdown snarled chemical traffic in...
http://www.chemweek.com/sections/business_finance/usa_americas/Tanker-collision-snarls-Houston-Ship-Channel-traffic_68543.html
March 13, 2015
The United Steelworkers (USW; Pittsburgh) said 12 March that it has reached a tentative agreement on a four-year contract with Royal Dutch Shell that is expected to serve as a pattern agreement for the rest of the industry....
http://www.chemweek.com/sections/business_finance/usa_americas/USW-and-Shell-tentatively-agree-to-end-US-strike_68544.html
March 6, 2015
Trecora Resources (Sugar Land, TX) has announced record fourth-quarter sales of $74.1 million in 2014, an increase of 11.2% year-on-year (YOY) and net income of $2.2 million in the...
http://www.chemweek.com/sections/business_finance/Trecora-Resources-reports-record-fourth-quarter-sales-full-year-sales-up-23-percent_68365.html
March 5, 2015
The European Environment Agency (EEA; Copenhagen) has just published The European Environment—State and Outlook 2015; synthesis report, which synthesizes the information...
http://www.chemweek.com/sections/business_finance/europe_mideast/EEA-environment-report-2015-some-success-and-benefits-but-"huge-challenges"-remain_68343.html
March 5, 2015
Perstorp (Perstorp, Sweden) has announced the successful start-up of its oxo plant at Stenugsund, Sweden. The new plant is Perstorp’s largest ever plant investment, boosting its...
http://www.chemweek.com/sections/business_finance/europe_mideast/Perstorp-starts-up-oxo-unit-its-largest-plant-investment_68339.html
March 4, 2015
The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation on proposals to identify two new substances of very high concern (SVHC), part of the European...
http://www.chemweek.com/sections/business_finance/europe_mideast/Public-consultation-launched-on-proposals-to-identify-two-substances-as-SVHC_68306.html
March 4, 2015
Germany’s chemical industry association VCI (Frankfurt), employers association BAVC (Wiesbaden), trade union IG BCE, and the federal ministry for economic affairs have concluded...
http://www.chemweek.com/sections/business_finance/europe_mideast/Initiative-launched-to-promote-Germany-as-a-location-for-the-chemical-industry_68302.html
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