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December 16, 2011
Adams: Growth centered in Asia. Reduced rates of capacity expansion and continued demand growth in “high-velocity” economies, led by China, should drive petrochemical...
http://www.chemweek.com/sections/business_finance/europe_mideast/GPCA-Petrochemical-Margin-Recovery-Seen-by-2013_39846.html
December 16, 2011
Equate Petrochemical (Safat, Kuwait) is seeking acquisitions outside the Mideast and may be close to concluding a deal before the end of this year, company officials say. “Our...
http://www.chemweek.com/sections/business_finance/europe_mideast/Equate-Petrochemical-Seeks-Acquisitions_39847.html
December 16, 2011
NatPet (Yanbu, Saudi Arabia), a subsidiary of the Alujain Group (Jeddah, Saudi Arabia), is diversifying downstream into plastics processing, using polypropylene produced at the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Natpet-Diversifies-to-Downstream-Products_39848.html
December 9, 2011
A done deal: Shell CEO Peter Voser (l) and Mahammed bin Saleh Al Sada sign agreement. Shell and Qatar Petroleum (QP) have advanced discussions for the development of a previously...
http://www.chemweek.com/sections/business_finance/europe_mideast/Shell-and-Qatar-Petroleum-Sign-Petchems-Deal_39588.html
December 9, 2011
Looking to the future: Engel (l), Bock (center), Brudermüller (r) announce targets. BASF has unveiled a 2020 sales target of €115 billion ($153 billion), up 80% from 2010...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Outlines-2020-Targets-Including-80-percent-Sales-Rise_39637.html
December 9, 2011
The European Commission has published plans to invest €80 billion ($108 billion) in research and innovation projects, including programs applying chemistry, across the European Union...
http://www.chemweek.com/sections/business_finance/europe_mideast/Europe-Unveils-$108-Billion-Research-and-Innovation-Program_39638.html
November 26, 2011
Ravago Group (Arendonk, Belgium) and Barentz Europe (Hoofddorp, the Netherlands) have agreed to combine their chemical distribution activities into a 50-50 joint venture, Barentz...
http://www.chemweek.com/sections/business_finance/europe_mideast/Ravago-and-Barentz-Merge-Chemical-Distribution-units_39315.html
November 26, 2011
French chemical industry association UIC (Paris) has revised its forecast for the sector’s 2012 growth in output volumes to 1.8%, from 2.4%. However, UIC projects chemicals output...
http://www.chemweek.com/sections/business_finance/europe_mideast/French-Industry-Association-Downgrades-2012-Forecast_39316.html
November 26, 2011
Kemira has confirmed that its revenues and operating profits for the whole of this year will be lower than originally forecast. The company says that, following weaker-than-expected...
http://www.chemweek.com/sections/business_finance/europe_mideast/Kemira-Lowers-Full-Year-Sales-and-Profits-Forecast-Citing-Lower-Demand_39317.html
November 21, 2011
BASF, the third-largest producer of agricultural chemicals behind Syngenta and Bayer CropScience, has outlined plans and long-term sales targets for its crop protection and plant...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Outlines-Agchem-Strategy-Announces-Growth-Targets_39073.html
November 18, 2011
Late-reporting European chemical makers posted substantial increases in third-quarter 2011 sales compared with the corresponding period of 2010, boosted by price increases and higher...
http://www.chemweek.com/sections/business_finance/europe_mideast/Third-Quarter-Sales-Increase-but-Earnings-Are-Mixed_39131.html
November 4, 2011
Europe-based companies continue to report higher sales for the third quarter of 2011, compared with the corresponding period of 2010, due to price hikes and higher volumes...
http://www.chemweek.com/sections/business_finance/europe_mideast/Price-Hikes-and-Higher-Volumes-Boost-Third-Quarter-Sales_38796.html
October 28, 2011
Bock: Customers are more cautious. BASF reported higher third-quarter revenues and, excluding the effect of an interruption to the company’s oil production in Libya, it increased...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Beats-Estimates-Remains-Positive-for-Rest-of-the-Year_38629.html
October 28, 2011
Dekkers: Emerging markets were key. Emerging markets made a key contribution to Bayer’s third-quarter sales and earnings growth, chairman Marijn Dekkers says. A substantial...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-Reports-Higher-Sales-and-Earnings-Confirms-Full-Year-Outlook_38630.html
October 28, 2011
Leading Europe-based chemical manufacturers posted higher sales for the third quarter of 2011 compared with the corresponding period of 2010, although most companies confirm that the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Third-Quarter-Sales-Rise-but-Raw-Material-Costs-Dent-Profits_38638.html
October 17, 2011
De Margerie: Integration from oil and gas, to refined products and plastics. Total has confirmed earlier reports that it will combine its refining and chemicals businesses into a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Total-Confirms-Plans-to-Merge-Refining-and-Chemicals_38282.html
October 17, 2011
LyondellBasell has agreed to mothball its refinery at Berre, France for up to two years, having announced earlier that it would close the refinery permanently (CW, Oct. 3/10, p. 11)...
http://www.chemweek.com/sections/business_finance/europe_mideast/LyondellBasell-to-Mothball-French-Refinery-Shelves-Closure-Plan_38281.html
October 17, 2011
Saudi Kayan Petrochemical, a Sabic affiliate, has begun production at the company’s Jubail, Saudi Arabia petrochemicals complex. Most of the production units at the complex are...
http://www.chemweek.com/sections/business_finance/europe_mideast/Saudi-Kayan-Commissions-Major-Complex-at-Jubail_38280.html
October 7, 2011
The 2011 European Petrochemical Association (EPCA) annual meeting broke attendance records with more than 2,500 registered delegates. EPCA president and Ineos group director Tom Crotty...
http://www.chemweek.com/sections/business_finance/europe_mideast/EPCA-2011-Industry-Cautious-as-Markets-Soften_38141.html
October 7, 2011
Opening Up: Van Beurden (l.) calls for a change in communication strategy. Industry’s reputation and sustainability were central themes discussed at the public component of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Cefic-Assembly-Leaders-Grapple-with-Thorny-Issue-of-Poor-Reputation_38140.html
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