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November 30, 2012
Heinz: Stronger position in omega-3 fatty acids. BASF says it will acquire Pronova BioPharma (Lysaker, Norway), a pioneer in the fields of researching, developing, and manufacturing...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-to-acquire-Pronova-BioPharma-for-$850-million_47992.html
November 30, 2012
Mitsubishi Rayon says it has completed the acquisition of TK Industries (Naila, Germany), a company that develops and manufactures carbon fiber–based multiaxial noncrimp fabric...
http://www.chemweek.com/sections/business_finance/europe_mideast/Mitsubishi-Rayon-acquires-in-Germany_47993.html
November 30, 2012
Chemical production has declined in France in 2012 and will grow moderately in 2013, mainly because of the eurozone debt crisis, French chemical industry association UIC (Paris) says...
http://www.chemweek.com/sections/business_finance/europe_mideast/Output-declines-in-France-in-2012-slow-growth-next-year_47994.html
November 30, 2012
Third-quarter results posted by late-reporting European companies reflect the challenging economic conditions in the region. However, most firms managed to post increases in sales and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Late-reporting-firms-deliver-steady-third-quarter-results_48050.html
November 16, 2012
Borealis says it has reached an agreement to acquire DEXPlastomers (Heerlen, Netherlands), an equally owned joint venture between DSM and ExxonMobil Chemical. DEXPlastomers is a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Borealis-to-buy-DEXPlastomers-from-DSM-ExxonMobil_47772.html
November 16, 2012
Bayer provided details last week of its 2012 R&D budget, including the split of expenditures among the company’s three subgroups: Bayer HealthCare, Bayer CropScience, and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-details-R-and-D-spending-names-innovation-projects_47769.html
November 16, 2012
BASF and Gazprom (Moscow) have agreed on an asset swap, under which BASF will increase its oil and gas production in Russia and exit the gas trading and storage business. The deal was...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-and-Gazprom-agree-on-energy-asset-swap_47770.html
November 16, 2012
LyondellBasell Industries says it will restore a low-density polyethylene (LDPE) line at Wesseling, Germany to production. The LDPE line has been out of service since January 2012, and...
http://www.chemweek.com/sections/business_finance/europe_mideast/LyondellBasell-LDPE-restart_47771.html
November 16, 2012
Vopak and Sabic have agreed jointly to build a tank storage terminal in Saudi Arabia to serve the petrochemical and downstream industries there. The terminal will be constructed at the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Vopak-Sabic-form-storage-jv_47773.html
November 9, 2012
Bayer reported a 17.8% fall in third-quarter net income, to €528 million ($682.2 million) on sales 11.5% higher, at €9.67 billion. Ebitda before special items improved 2.2%...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-confirms-outlook-acquires-nutrition-firm_47551.html
November 9, 2012
Most of the leading Europe-based chemical companies reported lower earnings in the third quarter of 2012 compared with the same period of last year, although sales generally held up...
http://www.chemweek.com/sections/business_finance/europe_mideast/Third-quarter-earnings-decline-in-Europe-on-weak-demand_47577.html
October 26, 2012
BASF reported a 21% drop in third-quarter net income, to €946 million ($1.23 billion), on sales 8% higher, at €19 billion. Earnings per share were €1.19, compared with...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-net-income-slides-no-chemicals-upturn-this-year_47236.html
October 26, 2012
Wacker-Chemie reported a major drop in its third-quarter net income due to “significant declines in sales and earnings” in its polysilicon division. The company, as a...
http://www.chemweek.com/sections/business_finance/europe_mideast/Wacker-posts-drop-in-net-income-delays-US-polysilicon-project_47237.html
October 26, 2012
Nichols: Not expecting a quick economic recovery. Keijzer: Taking charge of performance coatings. AkzoNobel reported a net loss of €2.38 billion ($3.1 billion) in the third...
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-swings-to-a-net-loss-on-decorative-paints-charge_47273.html
October 26, 2012
SGL Group (Wiesbaden, Germany) says its third-quarter 2012 results will include a noncash write-down of approximately €55 million ($71.5 million) in the company’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/SGLs-third-quarter-results-will-include-a-major-write-down_47274.html
October 12, 2012
Tessenderlo Group (Brussels) says it intends to sell its pharmaceutical ingredient subsidiaries Farchemia (Treviglio, Italy) and Calaire Chimie (Calais, France) to International...
http://www.chemweek.com/sections/business_finance/europe_mideast/Tessenderlo-sells-pharma-ingredients-business_46898.html
October 12, 2012
Thoelke: Not much upside for Euro ethylene. Europe's olefins and derivatives industry must focus on adding value to its products, if it is to survive in a rapidly changing global...
http://www.chemweek.com/sections/business_finance/europe_mideast/EPCA-2012-Differentiation-is-key-to-Europes-survival-_46899.html
October 12, 2012
Crotty: Chemical firms must anticipate change. Tom Crotty, president of the European Petrochemical Association (EPCA) and group director of Ineos, delivered an opening presentation at...
http://www.chemweek.com/sections/business_finance/europe_mideast/-Talent-and-technology-will-drive-industry-innovation_46900.html
October 12, 2012
another joint venture: Konov (left) and Butstraen shake on the latest cooperation deal. Sibur and Solvay have signed an agreement to form an equally owned joint venture, RusPAV, to...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sibur-and-Solvay-form-jv-to-produce-surfactants-in-Russia_46901.html
October 12, 2012
BASF and CSM (Diemen, Netherlands) say they will form an equally owned joint venture to produce biobased succinic acid. The news follows three years of research into the project and...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-CSM-to-produce-biosuccinic-acid-plan-commercial-unit_46902.html
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