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January 22, 2008
PKN Orlen (PÅ‚ock, Poland) has unveiled a five-year growth strategy that includes expanding the company’s petrochemical manufacturing facilities in Poland and the Czech Republic...
http://www.chemweek.com/sections/business_finance/europe_mideast/PKN-Orlen-Details-Major-Projects-in-Five-Year-Strategy_9889.html
January 22, 2008
The European Commission has announced a series of proposals to cut emissions from industrial installations in the European Union (EU) as part of planned changes to the...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Proposes-Emission-Cuts-on-Two-Fronts_9890.html
January 17, 2008
The European Union’s (EU) Competition Commission on January 16 raided the offices of several major ethical pharmaceutical companies as part of an anti-trust investigation into...
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-Competition-Commission-Raids-Ethical-Drug-Companies_9838.html
January 14, 2008
The restructuring of Europe’s purified terephthalic acid (PTA) and polyethylene terephthalate (PET) industries shifted up a gear in December with the announcement of two major...
http://www.chemweek.com/sections/business_finance/europe_mideast/La-Seda-and-Indorama-DrivePTA-PET-Consolidation-in-Europe_9734.html
January 14, 2008
Lonza says it has agreed to sell almost all of its stake in Polynt (Scanzorosciate, Italy) for €3.67/share to Polimeri Speciali, a subsidiary of private equity capital firm...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lonza-Sells-Most-of-its-Polynt-Stake_9735.html
January 14, 2008
Bayer MaterialScience says it has sold part of its unsaturated polyester resins business to Veneziani (Garbagnate, Italy) for an undisclosed sum. The deal includes products primarily...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-Divests-Part-of-Resins-Business_9736.html
January 14, 2008
Rhodia has launched a program to improve the competitiveness of the company’s Rhodia Acetow (Freiburg, Germany) cellulose acetate business. The program includes 129 job cuts, 15%...
http://www.chemweek.com/sections/business_finance/europe_mideast/Rhodia-to-Cut-Cellulose-Acetate-Jobs_9737.html
December 24, 2007
Akzo Nobel says it has finalized plans for a new structure for the group ahead of its acquisition of ICI, which is scheduled for completion on January 2, 2008. All relevant management...
http://www.chemweek.com/sections/business_finance/europe_mideast/Akzo-Nobel-Finalizes-New-Structure_9538.html
December 19, 2007
DSM says as part of its Vision 2010 strategy to accelerate its transformation into a life science and materials company that it has decided to carve out its Dyneema fibers business...
http://www.chemweek.com/sections/business_finance/europe_mideast/DSM-Carves-Out-Dyneema-into-Separate-Entity_9493.html
December 14, 2007
Millennium Inorganic Chemicals and its new parent, National Titanium Dioxide Co. (Cristal; Yanbu, Saudi Arabia), will in the future be known as Cristal Global, says John Hall...
http://www.chemweek.com/sections/business_finance/europe_mideast/Millennium-and-Cristal-Become-Cristal-Global_9405.html
December 14, 2007
German chemical industry sales growth is expected to slow to 4.5% in 2008, from 7.5% this year, according to industry association VCI (Frankfurt). Domestic and foreign revenues should...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-Dutch-Chemical-Sales-to-Fall_9406.html
December 14, 2007
Lanxess says it will invest €10 million ($14.7 million) to upgrade its rubber chemicals plant at Antwerp. Lanxess says it will implement a production process for accelerators and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-Upgrades-Antwerp-Plant_9407.html
December 14, 2007
Huntsman and Saudi Arabia-based Al-Zamil Group say their previously announced ethyleneamines joint venture, Arabian Amines Company, has been formally approved. The jv will build an...
http://www.chemweek.com/sections/business_finance/europe_mideast/Huntsman-and-Al-Zamil-OK-JV_9408.html
December 11, 2007
Solvay says it will increase its plastics sales 20% by 2010, and that it has even bigger ambitions for its plastics business under a longer-term plan. Speaking to CW on the sidelines...
http://www.chemweek.com/sections/business_finance/europe_mideast/Solvay-Outlines-Growth-Strategy-for-its-Plastics-Business_9295.html
December 10, 2007
Clariant and Rhodia are the latest global specialty chemical producers to announce global price hikes to offset rising costs and boost margins (CW, Nov. 30/Dec. 5, p. 7). Both...
http://www.chemweek.com/sections/business_finance/europe_mideast/Clariant-and-Rhodia-Increase-Selling-Prices-to-Offset-Mounting-Raw-Material-Costs_9296.html
December 10, 2007
Kemira says it has completed the purchase of Arkema’s coagulants business for water treatment (CW, March 28, p. 5). Financial terms of the deal were not disclosed. The acquired...
http://www.chemweek.com/sections/business_finance/europe_mideast/Kemira-Closes-Coagulants-Deal_9297.html
December 10, 2007
Cognis reported net income for the first nine months up 16%, to €21 million ($30.9 million) before special items, on sales up 4%, to €2.65 billion. Cognis reported an...
http://www.chemweek.com/sections/business_finance/europe_mideast/Cogniss-Profits-Fall-on-Charges_9298.html
December 5, 2007
Private equity firm Triton (London) has signed an agreement to acquire Evonik’s tar chemicals processing business Rütgers Chemicals (Castrop-Rauxel, Germany). Financial...
http://www.chemweek.com/sections/business_finance/europe_mideast/Private-Equity-Firm-Agrees-to-Buy-Rutgers-Chemicals_9213.html
December 3, 2007
Bayer says it will spend €1 billion ($1.48 billion) on R&D projects between 2008 and 2010 that are directed toward reducing global warming. The investment is part of a wider...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-Makes-Major-Investment-in-R-and-D-to-Curb-Climate-Change_9156.html
December 3, 2007
The global credit crunch that emerged in August has slowed down chemical transactions for target companies valued at more than €500 million ($740 million), Rod Cantrill and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Credit-Crunch-Hits-Major-Chemical-Deals_9157.html
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