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March 19, 2013
Merck KGaA (Darmstadt, Germany) has reported a more than doubling in fourth-quarter net income, to €271.8 million ($353.7 million), due to favorable one-time effects on income tax...
http://www.chemweek.com/sections/business_finance/europe_mideast/Merck-KGaA-reports-higher-earnings-increases-savings-target_50459.html
March 19, 2013
Bayer MaterialScience (BMS) is seeing tightening in the polyurethane (PU) and polycarbonate (PC) markets, a situation that should ease with the company’s investment plans. Patrick Thomas, CEO of BMS, on the sidelines of Bayer’s results briefing in Leverkusen late last month said that last year’s toluene diisocyanate (TDI) growth rates were more than 6%....
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-expands-PC-and-PU-production-as-markets-tighten_50458.html
March 19, 2013
Linde has acquired a 51% stake in Organic CO2 for Assimilation by Plants (OCAP) joint venture from partner Volker Wessels Stevin Deelnemingen, making Linde the sole owner of OCAP. The...
http://www.chemweek.com/sections/business_finance/europe_mideast/Linde-buys-partner-out-of-Dutch-joint-venture_50522.html
March 19, 2013
Lanxess says it has achieved higher earnings in the fourth quarter despite soft underlying demand with Ebitda before one-time items up 37%, to €239 million ($313.7 million)...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-reports-higher-earnings-closes-plants-until-demand-picks-up_50521.html
March 19, 2013
Evonik Industries reported a 6% drop in fourth-quarter Ebitda, to €492 million ($641.7 million), on 2% lower sales, to €3.27 billion, attributing the decline to destocking by customers and economic weakness. Net income was 86% higher, to €276 million, mainly because of tax effects....
http://www.chemweek.com/sections/business_finance/europe_mideast/Evonik-posts-lower-sales-and-earnings-readies-IPO_50520.html
March 8, 2013
Bayer, which is celebrating its 150th anniversary this year, has announced growth targets for 2015. The company—through its Bayer HealthCare and Bayer CropScience subgroups, the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-eyes-growth-from-life-sciences-sees-upturn-at-BMS_50344.html
March 1, 2013
Clariant reported an increase in fourth-quarter profits and pledged to improve its margins further, to become one of the most profitable specialty chemical companies....
http://www.chemweek.com/sections/business_finance/europe_mideast/Reshaped-Clariant-raises-profit-hires-Greenhill-to-sell-assets_50120.html
March 1, 2013
AkzoNobel has accelerated its previously announced restructuring program, and revealed a new set of financial targets to be achieved by the end of 2015. The company also announced a strategy that focuses on end-user markets, operational excellence, and sustainability. It says that the strategy builds on the company’s leading market positions in mature and high-growth markets....
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-speeds-cost-cutting-and-announces-new-targets_50129.html
March 1, 2013
Borealis, one of the largest European manufacturers of polyolefins, achieved a 72% rise in fourth-quarter 2012 net profit, driven in part by the company’s growing presence in the European fertilizer sector, in which it continues to expand through acquisition....
http://www.chemweek.com/sections/business_finance/europe_mideast/Fertilizer-business-will-stabilize-Borealiss-revenue-stream_50121.html
February 21, 2013
Ineos has announced that it will restructure its chlor-vinyls business to address overcapacity in chlorine, vinyl chloride monomer (VCM), and polyvinyl chloride (PVC) as the economic...
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-restructures-chlor-vinyls-business-because-of-downturn_49286.html
February 15, 2013
Sasol has taken a 1.98-billion rand ($221.81 million) impairment charge on its interest in the Arya Sasol Polymer Co. (ASPC; Assaluyeh, Iran) joint venture, and there will be more...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sasols-earnings-decrease-on-big-Iranian-asset-write-down_49846.html
February 15, 2013
Wacker Chemie says it ended the short-time working introduced at the company’s Burghausen, Germany, polysilicon manufacturing facilities in early October 2012. Wacker took the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Wacker-ends-short-time-work-at-Burghausen-site_49847.html
February 15, 2013
Haslestad: Strong nitrogen demand. Yara International, a leading producer of fertilizers, reports a significant drop in fourth-quarter profits despite higher sales volumes...
http://www.chemweek.com/sections/business_finance/europe_mideast/Yara-profits-decline-on-higher-fertilizer-volumes-lower-prices_49848.html
February 15, 2013
The chemical businesses of BP and Royal Dutch Shell each reported sharp falls in earnings for the fourth quarter of 2012 compared with the same period of 2011. BP’s petrochemical...
http://www.chemweek.com/sections/business_finance/europe_mideast/BP-Shell-report-sharp-declines-in-quarterly-chemical-earnings_49870.html
February 15, 2013
Dancet: A challenging legislative program. Mandery: No need for a revision of Reach. The European Commission, in a report published earlier this month, says that the European...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-gives-Reach-glowing-report_49871.html
February 8, 2013
Versalis (Milan), a leading producer of elastomers; and Yulex (Phoenix), an agricultural biomaterials company, are forming a partnership to manufacture biorubber materials based on the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Versalis-and-Yulex-plan-biorubber-production-in-southern-Europe_49652.html
February 8, 2013
Bee sting: Controversy over reasons for declining population in Europe. The European Commission says it wants EU member states to suspend for two years the use of three neonicotinoid...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-seeks-two-year-ban-on-neonicotinoid-insecticides_49653.html
February 8, 2013
Mack: Driving portfolio development by crop. Ramsay: New technology is key to achieving targets. Syngenta, the world’s largest producer of agricultural chemicals, has reported...
http://www.chemweek.com/sections/business_finance/europe_mideast/Syngenta-benefits-from-integration-invests-in-Brazil_49668.html
January 25, 2013
Prince Saud: Sabic will continue to grow its capacity. Sabic reported fourth quarter 2012 net income of 5.83 billion Saudi riyals ($1.55 billion). The figure is 11% higher than net...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabics-fourth-quarter-net-income-rises-but-full-year-revenues-slip_49273.html
January 25, 2013
The European olefins market will see 2.9 million m.t./year of steam cracker capacity idled for maintenance turnarounds in the second quarter of 2013, according to IHS Chemical data...
http://www.chemweek.com/sections/business_finance/europe_mideast/Second-quarter-outages-could-tighten-Europes-olefin-market_49287.html
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