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May 21, 2013
Kemira has announced several major restructuring measures and issued profitability and sales targets for 2016. The measures are in addition to the company’s Fit for Growth...
http://www.chemweek.com/sections/business_finance/europe_mideast/Kemira-plans-further-restructuring-announces-financial-targets-for-2016_52095.html
May 21, 2013
The central theme of the latest BASF research conference, held recently at Ludwigshafen, was “Chemistry powers energy: Renewable generation, safe storage, and efficient transport and use,” relying on chemistry as an enabler....
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-R-and-D-conference-Chemistry-powers-energy_52094.html
May 21, 2013
Evonik Industries reports a 7% rise in first-quarter net profit, to €289 million ($373 million), on a 4% decline in sales, to €3.26 billion, due to the divestment of 2 small...
http://www.chemweek.com/sections/business_finance/europe_mideast/Evonik-raises-profit-and-confirms-2013-guidance-to-exit-real-estate_52089.html
May 21, 2013
Bayer MaterialScience says it is winding down its carbon nanotubes (CNT) program because “comprehensive commercialization” of the nanotechnology within Bayer’s core business lines is not expected in the foreseeable future....
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-MaterialScience-withdrawing-from-nanotech_52088.html
May 3, 2013
Leading European companies’ sales and earnings were under pressure in the first quarter of 2013, largely because of the challenging economic conditions in Europe and other parts...
http://www.chemweek.com/sections/business_finance/europe_mideast/Profits-stay-under-pressure-in-Europe-during-first-quarter_51737.html
May 3, 2013
Versalis (Milan), the chemicals business of ENI (Rome), has outlined a major transformation program that aims to shift the company’s portfolio from domination by commodities toward differentiated and green chemicals,...
http://www.chemweek.com/sections/business_finance/europe_mideast/Versalis-outlines-transformation-plan-mulls-import-of-US-gas_51739.html
April 26, 2013
Sabic Europe (Sittard, Netherlands) has announced a major restructuring of its operations, resulting in 1,050 job cuts....
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabic-restructures-in-Europe-cuts-more-than-1000-jobs-_51426.html
April 26, 2013
Sabic’s first-quarter net income declined 10%, to 6.56 billion Saudi riyals ($1.75 billion), compared with the first quarter of 2012, but increased 13% compared with the SR5.83...
http://www.chemweek.com/sections/business_finance/europe_mideast/-reports-lower-first-quarter-profits_51425.html
April 26, 2013
Russia’s largest producer of petrochemicals, has outlined its investment plans and announced the completion of a 500,000-m.t./year polypropylene (PP) plant at Tobolsk, Russia. Russian regulators are currently on-site inspecting the facility before approving the start of operations....
http://www.chemweek.com/sections/business_finance/europe_mideast/Sibur-readies-PP-plant-to-decide-on-olefins-complex_51423.html
April 26, 2013
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) has taken over the sales and marketing activities of Qatar Vinyl Co. (QVC), adding 1.2 million...
http://www.chemweek.com/sections/business_finance/europe_mideast/Muntajat-takes-over-marketing-activities-of-Qatar-Vinyl-Co-_51422.html
April 15, 2013
EuroChem (Moscow), Russia’s largest producer of fertilizers, has detailed plans to enter the potash market, outlined its business plan, and said that it might launch an initial public offering within five years...
http://www.chemweek.com/sections/business_finance/europe_mideast/EuroChem-details-potash-entry-IPO-possible-within-5-years_51141.html
April 15, 2013
The European Commission has approved the proposed acquisition of Petrochem Carless (Leatherhead, UK) by Haltermann Holding (Hamburg). Haltermann has production at Hamburg and Speyer...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-approves-Haltermanns-acquisition-of-Petrochem-Carless_51111.html
April 15, 2013
Lanxess has provided more information about the company’s performance last year and warned that first-quarter 2013 earnings will be substantially lower than in the corresponding...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-expects-strong-2013-despite-weaker-first-quarter_51112.html
March 29, 2013
Versalis, the chemicals arm of ENI (Rome), and leading tire manufacturer Pirelli have agreed to carry out joint research into the use of guayule-based natural rubber in the production...
http://www.chemweek.com/sections/business_finance/europe_mideast/Versalis-and-Pirelli-sign-R-and-D-deal-to-use-natural-rubber-in-tire-production_50788.html
March 29, 2013
Wacker Chemie, following its preliminary results announcement in February, has provided more information about its performance in 2012 as well as guidance for 2013, when the company expects flat sales and lower Ebitda compared with last year....
http://www.chemweek.com/sections/business_finance/europe_mideast/Shakeout-in-PV-industry-takes-its-toll-on-Wackers-results_50789.html
March 29, 2013
The European Commission says that “no qualified majority was reached” in a recent vote by EU member states on a possible ban of three neonicotinoids for allegedly harming the health of honeybees....
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-member-states-fail-to-reach-majority-in-neonicotinoids-vote_50825.html
March 29, 2013
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha), a newly created trading firm, has taken over exclusive responsibility for the marketing, sales, and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qafcos-marketing-activities-transferred-to-new-trading-firm_50826.html
March 29, 2013
The European Commission has lowered the fees and charges that small and medium-size enterprises (SME) have to pay to register chemicals under the European Union’s Registration...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Commission-cuts-Reach-fees-for-small-and-medium-size-companies_50827.html
March 19, 2013
A legal dispute has erupted between Klesch Group (Geneva), a special situations investor; and Arkema over Kem One (Lyon, France), the former polyvinyl chloride (PVC) business of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Klesch-and-Arkema-at-odds-over-PVC-producer-Kem-One_50302.html
March 19, 2013
Arkema is betting strongly on the Asian and North American markets, focusing its investments on the high-performance materials and coating solutions areas, to remain on track toward its 2016 strategic targets....
http://www.chemweek.com/sections/business_finance/europe_mideast/Arkema-bets-on-Asia-and-North-America-for-growth_50301.html
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