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September 26, 2014
Total says it has received an offer from Arkema to acquire Total’s wholly owned adhesives subsidiary, Bostik (Paris)....
http://www.chemweek.com/sections/business_finance/europe_mideast/Arkema-to-buy-Totals-Bostik-adhesives-unit-for-&euro1-74-billion_64011.html
September 26, 2014
RusVinyl (Kstovo, Russia)—an equally owned joint venture between Sibur (Moscow), Russia’s largest petrochemical company; and SolVin (Brussels)—has inaugurated a world-scale, integrated polyvinyl chloride (PVC) manufacturing complex at Kstovo in Nizhniy Novgorod Region, Russia....
http://www.chemweek.com/sections/business_finance/europe_mideast/RusVinyl-opens-major-PVC-complex-Sibur-okays-Tobolsk_64010.html
September 26, 2014
Solvay says that it has extended its Butachimie joint venture agreement with Invista for an additional 99 years. Butachimie produces nylon-6,6 intermediates at Chalampé, France...
http://www.chemweek.com/sections/business_finance/europe_mideast/Butachimie-to-gain-more-autonomy-as-Solvay-Invista-extend-JV-agreement_64012.html
September 17, 2014
The board of directors of Israel Chemicals Ltd. (ICL; Tel Aviv) has instructed the management of Bromine Compounds Co. to develop and implement a plan to improve the profitability of...
http://www.chemweek.com/sections/business_finance/europe_mideast/-reviews-bromine-operations-to-close-magnesium-plant_63723.html
September 15, 2014
Albemarle and Israel Chemicals Ltd. (ICL; Tel Aviv) say that they have entered into an agreement to establish a manufacturing joint venture to produce ICL’s FR-122P polymeric flame...
http://www.chemweek.com/sections/business_finance/europe_mideast/ICL-to-form-polymeric-flame-retardants-JV-with-Albemarle-_63722.html
September 15, 2014
The European Commission has conditionally approved Huntsman’s proposed acquisition of the Sachtleben (Duisburg, Germany) titanium dioxide (TiO2) and performance additives...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-conditionally-okays-Huntsman-purchase-of-Sachtleben_63734.html
September 15, 2014
Kemira has adjusted its medium-term targets. The company says that its revenue will be €2.7 billion ($3.5 billion) in 2017 after previously targeting 2016 revenue of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Kemira-adjusts-medium-term-targets-keeps-2014-outlook_63735.html
August 29, 2014
Late-reporting Europe-based companies battled against currency headwinds during the second quarter as the euro maintained its strength against other major currencies. Most firms posted...
http://www.chemweek.com/sections/business_finance/europe_mideast/Strong-euro-weakens-second-quarter-sales-and-earnings_63457.html
August 29, 2014
CW has learned that Jean-Pierre Clamadieu, CEO of Solvay, will be elected as the next president of Cefic at the Cefic general assembly at Paris on 17 October. Clamadieu will succeed Kurt Bock, chairman of BASF, for a two-year term....
http://www.chemweek.com/sections/business_finance/europe_mideast/Solvays-Clamadieu-to-be-next-Cefic-president_63433.html
August 29, 2014
PhosAgro’s (Moscow) board of directors has reviewed the company’s consolidated financial results for the first six months of the year, and Andrey Guryev has given an overview of performance during his first year as CEO. The company, meanwhile, has developed a new strategy through 2020 that has been approved by the board....
http://www.chemweek.com/sections/business_finance/europe_mideast/PhosAgro-outlines-strategy-implements-investment-plans_63434.html
August 19, 2014
The European Chemicals Agency (ECHA; Helsinki) says it has started a 45-day public commenting period on the harmonized classification and labeling (CLH) proposal for the pesticide...
http://www.chemweek.com/sections/business_finance/europe_mideast/New-CLH-consultation-for-the-pesticide-tefluthrin_63290.html
August 15, 2014
Israel Chemicals Ltd.’s (ICL; Tel Aviv) board reiterated on 6 August the company’s earlier decision to freeze $750 million of new and previously approved investment in...
http://www.chemweek.com/sections/business_finance/europe_mideast/ICL-freezes-Israel-investments-to-protest-taxes-on-natural-resources_63160.html
August 15, 2014
Lanxess has posted its second-quarter results, detailed a previously announced restructuring program, and confirmed that one of its board members is leaving the company....
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-outlines-realignment-and-narrows-guidance_63161.html
August 15, 2014
Borealis, in early August, signed a 10-year agreement with US-listed Antero Resources (Denver) to supply 240,000 m.t./year of ethane from the United States for Borealis’s flexible-feed steam cracker at Stenungsund, Sweden. The cracker is designed to produce 625,000 m.t./year of ethylene....
http://www.chemweek.com/sections/business_finance/europe_mideast/Borealis-to-import-ethane-from-US-for-Sweden-cracker-_63193.html
August 15, 2014
Borealis has signed an agreement with a DuPont holding subsidiary in the Netherlands to purchase that company’s 67% share in Speciality Polymers Antwerp (Zwijndrecht, Belgium)...
http://www.chemweek.com/sections/business_finance/europe_mideast/-to-buy-DuPont-out-of-Speciality-Polymers-Antwerp_63194.html
August 13, 2014
BASF recently announced that it will construct a new office building for 600 employees at its Ludwigshafen headquarters. The company had posted an architecture competition for the...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-replacing-Engelhorn-building-at-Ludwigshafen-site_63144.html
August 8, 2014
Specialty chemicals company Altana (Wesel, Germany) says it increased earnings in first-half 2014 to €985 million ($1.32 billion) compared with €887 million a year ago, an...
http://www.chemweek.com/sections/business_finance/europe_mideast/Altana-sales-and-Ebitda-rise-in-first-half-2014_63084.html
August 5, 2014
Germany’s chemical trade association VCI (Frankfurt) has pointed out that the country’s chemical industry is not calling for mutual recognition of existing standards for...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-No-reduction-in-chemical-safety-standards-through-TTIP_62990.html
August 1, 2014
Repsol (Madrid) posted net income of €520 million ($698.4 million) in the second quarter, an increase of 95% from the year-earlier period. Net income from downstream operations...
http://www.chemweek.com/sections/business_finance/europe_mideast/Repsol-reports-higher-earnings-new-leadership-in-place_62829.html
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