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March 25, 2011
Merck KGaA has entered into a definitive agreement to acquire Biotest’s (Dreieich, Germany) worldwide microbiological monitoring activities. The business comprises heipha Dr. Müller...
http://www.chemweek.com/sections/business_finance/europe_mideast/Merck-KGaA-Acquires-Biotests-Microbiology-Monitoring-Business_33705.html
March 25, 2011
Lanxess is optimistic about 2011 with sales and profits expected to rise because of improved economic conditions, says board member Werner Breuers. Lanxess raised its 2011 R&D...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-is-Upbeat-About-2011-Growth-and-Investments_33669.html
March 25, 2011
Wacker Chemie, the second-largest producer of polysilicon, has the potential to more than double capacity to meet demand growth, particularly from the solar industry, Rudolf Staudigl...
http://www.chemweek.com/sections/business_finance/europe_mideast/Wacker-Eyes-Big-Polysilicon-Expansion-Raw-Materials-Hike_33706.html
March 20, 2011
Süd-Chemie (Munich), a producer of catalysts and adsorbents, published preliminary financial results for 2010 that show it increased Ebitda 31%, to €206.1 million ($288.1...
http://www.chemweek.com/sections/business_finance/europe_mideast/Specialty-Chemical-Firms-Post-Higher-Profits-Sales_33512.html
March 18, 2011
BASF says it has placed about 19.7 million shares of K+S (Kassel, Germany), Europe’s biggest producer of potash, with institutional investors at a price of €50/share. The...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Raises-1-Billion-from-Divestment-of-K+S-Stake_33511.html
March 18, 2011
Sabic and the Saudi Property Authority (Modon; Riyadh), a government agency, have signed a three-way agreement with the Boston Consulting Group that aims to develop industrialization...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabic-Participates-in-Study-to-Develop-Six-Industrial-Cities_33513.html
March 18, 2011
Wacker Chemie set a new earnings and sales record in 2010, exceeding pre-crisis levels by a substantial amount. Wacker CEO Rudolf Staudigl, announcing the company’s annual results in...
http://www.chemweek.com/sections/business_finance/europe_mideast/Wacker-Reports-Record-Results-Hikes-Polysilicon-Capacity_33570.html
March 11, 2011
Bayer is committed to its present portfolio, comprising Bayer Healthcare, Bayer CropScience, and Bayer MaterialScience (BMS), says Bayer’s new chairman Marijn Dekkers. “All three...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-Says-BMS-Is-Core-for-Now-Eyes-Higher-Pharma-Rank_33365.html
March 11, 2011
Arkema reported for 2010 the strongest results since its creation in 2005, and outlined plans with a focus on growth in emerging markets and through new technologies. Speaking at a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Arkema-Reports-Record-Results-Focuses-on-Emerging-Markets_33366.html
March 11, 2011
Improved economic conditions drove BASF’s fourth-quarter 2010 sales and profit growth. Ebit before special items rose 35%, to €1.2 billion ($1.7 billion) excluding the oil and gas...
http://www.chemweek.com/sections/business_finance/europe_mideast/Improved-Economy-Lifts-BASFs-Profits-Good-Outlook-for-2011_33367.html
March 11, 2011
BASF plans to sell most of its fertilizer activities as part of plans to shift its portfolio into less cyclical businesses. The fertilizer operations include nitrogen fertilizer...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-Puts-the-Bulk-of-Its-Fertilizers-Business-on-the-Block_33368.html
February 28, 2011
The European Commission has moved six chemical substances “of very high concern” from the candidate list to the authorization list under the European Union’s (EU) Reach regulation. It means that the substances will be banned in the EU within 3-5 years unless an authorization is granted to individual companies for their use. They are the first substances to be placed on the Reach authorization list. The six substances include three low molecular weight phthalate plasticizers....
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Places-First-Six-Substances-on-Reach-Authorization-List_33017.html
February 25, 2011
Most European chemical companies reported improved fourth-quarter 2010 sales and earnings because of stronger volumes and selling price increases. They are mostly optimistic that...
http://www.chemweek.com/sections/business_finance/europe_mideast/Leading-Producers-Post-Higher-Earnings-and-Sales_33051.html
February 11, 2011
BASF has increased its R&D budget for 2011 from last year’s €1.5 billion ($2.04 billion) and is working on about 3,000 projects to tackle “challenges of the future...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-R-and-D-Focus-on-Energy-Efficient-Mobility_32764.html
February 11, 2011
Syngenta, the leading producer of agchems, has announced plans to reorganize its operations by combining the sales and marketing activities of its seeds and crop protection businesses...
http://www.chemweek.com/sections/business_finance/europe_mideast/Syngenta-Combines-Seeds-and-Crop-Protection-Businesses_32781.html
January 28, 2011
Engineering contractors have been asked to bid for several plants that will form part of a previously announced large-scale joint project by Saudi Aramco and Dow Chemical to build a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Aramco-Dow-Seek-Bids-for-Saudi-JV-Completion-in-2015_32450.html
January 28, 2011
Gerardu: Russia is an important market for DSM. DSM says that its DSM Engineering Plastics business unit has agreed to form two joint ventures with KuibyshevAzot (KA; Togliatti...
http://www.chemweek.com/sections/business_finance/europe_mideast/DSM-Forms-Engineering-Plastics-Joint-Ventures-in-Russia_32451.html
January 28, 2011
Frutarom Industries (Haifa, Israel) has signed an agreement to acquire British East Anglian Food Ingredients (Eafi; Clacton-on-Sea, U.K.) for $4.8 million. Eafi, founded in 1979, is...
http://www.chemweek.com/sections/business_finance/europe_mideast/Frutarom-Buys-U-K-Food-Ingredients-Firm_32452.html
January 28, 2011
Merger and acquisition (M&A) activity was brisk in Europe’s chemical distribution sector during January, maintaining the momentum established by an upturn in dealmaking toward...
http://www.chemweek.com/sections/business_finance/europe_mideast/M-and-A-Activity-Shifts-Up-a-Gear-In-the-Distribution-Sector_32515.html
January 28, 2011
Rhodia says it has developed a process for the recovery and separation of rare earths contained in used low-energy light bulbs. The process, which should be operational by the first...
http://www.chemweek.com/sections/business_finance/europe_mideast/Rhodia-Process-to-Recycle-Rare-Earths_32516.html
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