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February 27, 2015
LyondellBasell Industries said on 24 February that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will...
http://www.chemweek.com/sections/business_finance/usa_americas/LyondellBasell-CFO-to-depart-names-new-chief-legal-officer_68134.html
February 27, 2015
Axiall is busily reshaping its portfolio. On 26 February, the company announced the sale of its La Porte, TX–based phosgene derivatives business to Altivia Chemicals (Houston) for an undisclosed sum....
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-sells-phosgene-postpones-cracker-pursues-chlor-alkali-MLP_68146.html
February 27, 2015
Bayer reported on 26 February increases in quarterly and annual sales and earnings and provided optimistic guidance for 2015. Chairman Marijn Dekkers, speaking at a press briefing in Leverkusen, also gave an update on the planned separation of Bayer MaterialScience (BMS) from the rest of the group. BMS is one of Bayer’s three subgroups and accounts for about one third of company sales....
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-profits-up-spin-off-on-track-reorganization-pending_68147.html
February 27, 2015
Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting...
http://www.chemweek.com/sections/business_finance/Sika-reports-record-year-2014-sales-grow-8-percent-to-$5-9-billion-Ebit-leaps-21-percent_68179.html
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
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