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August 29, 2011
Evonik Industries says it will combine three operations into a newly created health care business. Evonik’s operations in the custom manufacturing of active ingredients will be...
http://www.chemweek.com/sections/business_finance/europe_mideast/Evonik-Creates-Health-Care-Business_37142.html
August 22, 2011
Odfjell has formed a 50-50 joint venture with Euroceanica (London) to manage all of the companies’ chemical tankers operating in the European short-sea market. The jv combines...
http://www.chemweek.com/sections/business_finance/europe_mideast/Odfjell-Forms-JV-for-European-Tanker-Fleet-Swings-to-Profit_36995.html
August 22, 2011
Late-reporting European chemical companies mostly posted strong second-quarter results and expressed optimism about the outlook for the rest of the year. Companies warn, however, that...
http://www.chemweek.com/sections/business_finance/europe_mideast/Higher-Selling-Prices-Lift-Second-Quarter-Profits_36994.html
August 22, 2011
Borealis reported an 83% increase in second-quarter net profits, to €168 million ($239.7 million) on 18% higher sales at €1.897 billion. Borouge, Borealis’s joint...
http://www.chemweek.com/sections/business_finance/europe_mideast/Borealis-Posts-Strong-Results-Abu-Dhabi-Owned-Group-Grows_36970.html
August 8, 2011
Leading European companies posted a mixed set of second-quarter financial results (table). Rising energy and raw material costs, as well as negative currency effects, put pressure on...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Companies-Post-Mixed-Second-Quarter-Results_36711.html
August 8, 2011
Atkin: Novel planting technology Plene will transform the way sugarcane is produced. Syngenta, at a results presentation held recently in Basel, said it expects the commercial...
http://www.chemweek.com/sections/business_finance/europe_mideast/Syngenta-Integration-Ahead-of-Schedule-First-Half-Profits-Rise_36662.html
July 22, 2011
Sahara Petrochemicals (Riyadh) says its Al Waha joint venture had to take its entire complex at Jubail, Saudi Arabia offline on July 16 due to a technical fault in the effluent...
http://www.chemweek.com/sections/business_finance/europe_mideast/Al-Waha-Complex-Offline-Due-to-Technical-Fault_36289.html
July 22, 2011
Sabic’s second-quarter net income rose 61%, to a record SR8.1 billion ($2.16 billion), compared with the same period of last year. The company beat analysts’ estimates of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabic-Reports-a-Huge-Rise-in-Second-Quarter-Profits_36290.html
July 22, 2011
Topsoe Fuel Cell, a wholly owned subsidiary of Haldor Topsoe, is expanding its stack production capacity to meet growing demand, which will exceed current capacity in 2013. The company...
http://www.chemweek.com/sections/business_finance/europe_mideast/Topsoe-Expands-Fuel-Cell-Stack-Production-in-Denmark_36291.html
July 22, 2011
Phosagro (Saint Petersburg, Russia), Europe’s biggest producer of phosphate fertilizers, raised $538 million from a previously announced initial public offering (IPO) on the London...
http://www.chemweek.com/sections/business_finance/europe_mideast/Phosagros-IPO-Raises-$538-Million_36317.html
July 22, 2011
The lifting of European Union (EU) antidumping measures on imports of potash from Russia and Belarus is not expected to damage the EU potash industry because of strong demand and...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Removes-Dumping-Measures-on-Potash-from-Russia-Belarus_36318.html
July 22, 2011
German chemical industry association VCI (Frankfurt) has raised its forecast for full-year 2011 sales growth by Germany’s chemical industry to 10%, up from its forecast for a 9%...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-Raises-Full-Year-Sales-Growth-Forecast_36319.html
July 8, 2011
The European Commission says it has repealed a November 2009 decision to impose fines on Elementis (London) and the former Ciba Specialty Chemicals for participating in a price-fixing...
http://www.chemweek.com/sections/business_finance/europe_mideast/Europe-Repeals-Cartel-Fines-Against-Elementis-and-the-Former-Ciba_35979.html
July 8, 2011
Qatar Petrochemical Co. (Qapco; Doha), a joint venture in which Industries Qatar (IQ) holds 80% and Total Petrochemicals holds the rest, has made a proposal to Qatar Petroleum (QP) to...
http://www.chemweek.com/sections/business_finance/europe_mideast/Qapco-Proposes-Cracker-JV-with-QP-Competing-with-Total-Plan_35980.html
July 8, 2011
The European Commission has cleared the proposed acquisition of a controlling stake in Compañía Española de Petróleos (Cepsa; Madrid) by International Petroleum Investment Co...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Clears-Ipics-Buy-of-Cepsa-Despite-OverlaPS_35993.html
July 8, 2011
Lonza has increased weekly working hours, without accompanying pay increases, for all employees at the company’s Visp, Switzerland manufacturing complex, to improve the site’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lonza-Raises-Working-Hours-at-Visp-to-Secure-Sites-Future_35994.html
July 8, 2011
BASF says it will receive €600 million ($870 million) from Styrolution (Frankfurt), an equally owned styrenics joint venture with Ineos, because BASF is contributing more assets to...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-to-Receive-600-Million-from-Styrolution-JV-to-Equalize-Assets_35995.html
June 24, 2011
Ineos’s Kerling subsidiary has agreed to acquire Tessenderlo Group’s polyvinyl chloride (PVC) activities, including Tessenderlo’s chlor-alkali operations and part of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-Acquires-Tessenderlos-PVC-and-Chlor-Alkali-Business_35713.html
June 24, 2011
Oman has completed a restructuring that combined and integrated the country’s Oman Refineries and Petrochemicals, Aromatics Oman, and Oman Polypropylene companies under the new name...
http://www.chemweek.com/sections/business_finance/europe_mideast/Oman-Restructures-Refinery-and-Petchem-Operations-under-New-Name_35714.html
June 24, 2011
AkzoNobel is investing €140 million ($201.2 million) in a project to convert an outdated mercury-process chlor-alkali plant at Frankfurt to membrane technology. The plant’s...
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-Converts-Chlor-Alkali-Plant-to-Membrane-Technology_35737.html
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