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September 12, 2014
The 2000s are bookended by two severe recessions—the second of which was the worst downturn in decades. In between, high and volatile natural gas prices rearranged the geography of petrochemicals production, emerging markets demand took center stage, and multibillion-dollar deals altered the industry’s competitive landscape....
September 12, 2014
The 1990s heralded the industry’s biggest restructuring since the 1920s, particularly in Europe. Developments in the adjacent oil and pharmaceutical industries partly drove the change. Oil companies, particularly in the United States, began to pull back from some chemical operations. Meanwhile, mounting price pressures in pharmaceuticals, driven by government budgetary restraints and the failed Clinton US health-care reforms in 1993, and growing competition in chemicals from newly emerging regions impelled major pharma-chemical conglomerates, especially in Europe, to focus on their core life sciences operations...
September 12, 2014
The focus in the chemical industry in the 1980s turned to emphasizing safety and outreach after the 1984 Bhopal disaster....
September 12, 2014
Rising environmentalism and new regulatory paradigms during the 1970s caused widespread changes in how the chemical industry operates and laid the foundation for the industry’s current focus on corporate social responsibility and Responsible Care....
September 12, 2014

The 1960s were a golden era of massive capital expenditure, rapid sales growth, and dramatic increases in plant size, particularly in the petrochemical sector, which increased in magnitude and in the number of companies competing to supply most of its products. The...

September 12, 2014
Petrochemicals took off in the 1950s. Coal had long been the primary source of organic chemicals, but the growing petroleum industry offered alternatives, and World War II accelerated their development....
September 12, 2014
A period of rapid innovation in the field of chemistry The backdrop of the 1930s in the United States was the Great Depression, colored by the Dust Bowl, which blighted the North...
August 28, 2014
China continues to drive growth in the worldwide chemical industry despite the country’s slower economy and the resurgence of the United States as a destination for petrochemical investments based on the shale gas revolution. The chemical industry in China is still growing at a double-digit rate, and leading overseas chemical companies strive to capture that growth with more investments in the country. China is also making substantial progress in developing a coal-to-chemicals industry, which is expected to gain an important share of the market during the next decade...
August 28, 2014
The foundations for solid chemicals M&A activity—cheap financing, lots of cash, and high valuations—remain in place, and interest in deals has been solid, industry...
August 14, 2014

Canada’s chemical producers expected 2014 to be a difficult year, but they may have been overly cautious. Although recent earnings reports present a mixed picture, the industry as a whole had a good first half, according to data from the Chemistry Industry Association of Canada (CIAC).

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July 31, 2014
US chemical profits have rebounded over the past five years thanks to the shale gas boom. Not only are quarterly and yearly earnings, sales, and profits up, but these increases have extended to C-suite executives and vice presidents, since the increased focus on pay-for-performance is boosting compensation....
July 17, 2014

PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and Asia’s eighth-largest chemicals player, has a clear strategy to reinforce its leadership position at home and grow overseas. Bowon Vongsinudom, president and CEO of PTTGC since 1 October 2013, describes PTTGC’s plans and aspirations to CW.

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