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February 28, 2014
DSM reports a 44% increase in fourth-quarter 2013 net profit from continuing operations before exceptional items, to €101 million ($139 million), on sales up 5%, to €2.22 billion. The company says that all of its clusters delivered a solid performance in the quarter despite negative exchange-rate effects. DSM earlier announced preliminary fourth-quarter results (CW, Feb. 17/24, p. 15)....
http://www.chemweek.com/sections/news_briefs/DSM-Borealis-post-higher-fourth-quarter-profits_59196.html
February 28, 2014
The privatization of insolvent chemicals and petrochemicals producer Oltchim (Râmnicu Vâlcea, Romania) has been delayed by almost two months, the company says. The deadline for the...
http://www.chemweek.com/sections/news_briefs/Oltchim-privatization-plans-delayed-until-late-March_59197.html
February 28, 2014
Semiconductor and solar technology firm SunEdison (St. Peters, MO) says its polysilicon manufacturing facility at Merano, Italy, will remain closed indefinitely. The decision affects...
http://www.chemweek.com/sections/news_briefs/SunEdison-polysilicon-plant-in-Italy-to-stay-closed_59198.html
February 28, 2014
BP’s petrochemicals business reports an underlying replacement cost (RC) profit before interest and taxes of $44 million in the fourth quarter of 2013, down slightly from $46 million...
http://www.chemweek.com/sections/news_briefs/BPs-petchem-profit-slips_59199.html
February 28, 2014
Ineos says that its Ineos Oxide subsidiary has completed expanding an ethylidene norbornene (ENB) plant at Antwerp, increasing capacity to 28,000 m.t./year. The expansion makes the...
http://www.chemweek.com/sections/news_briefs/Ineos-ENB-hike_59200.html
February 28, 2014
Exports of potash fertilizers from Russia fell during 2013 in volume and value terms, the Federal Customs Service (Moscow) says. Volumes dropped 29.6%, to 6.32 million m.t., and the...
http://www.chemweek.com/sections/news_briefs/Potash-export-decline_59201.html
February 27, 2014
Petrochemical producer TVK (Tiszaújváros, Hungary) says that its operating profit in fourth-quarter 2013 was 411 million forint ($1.82 million) compared with a loss of...
http://www.chemweek.com/sections/news_briefs/TVK-reports-rise-in-profitability-sales_59076.html
February 26, 2014
The European Food Safety Authority (EFSA; Pisa, Italy) has announced that it will hold a public scientific meeting on bisphenol A (BPA), to take place at Brussels on 23 April. The aim...
http://www.chemweek.com/sections/news_briefs/EFSA-to-hold-public-scientific-meeting-on-BPA_59119.html
February 24, 2014
The European Chemicals Agency (ECHA; Helsinki) has called for testing proposals on 45 substances. A total of 68 hazard endpoints for vertebrate testing have been requested, including...
http://www.chemweek.com/sections/news_briefs/ECHA-calls-for-testing-proposals-on-various-substances_59043.html
February 24, 2014
The European Council decided today not to oppose a proposal from the European Commission to delay the auctioning—backloading—of carbon dioxide emission permits in the...
http://www.chemweek.com/sections/news_briefs/European-Council-will-not-oppose-backloading-of-greenhouse-gas-allowances_59042.html
February 21, 2014
Foster Wheeler (Zug, Switzerland), a leading engineering and construction firm, says it has entered into a definitive agreement with AMEC (London) under which AMEC will make a...
http://www.chemweek.com/sections/news_briefs/AMEC-acquires-Foster-Wheeler-for-$3-3-billion_58982.html
February 21, 2014
Clariant reports flat fourth-quarter net profit from continuing operations of 85 million Swiss francs ($95 million) on 8% higher sales, SF1.56 billion, of which 7% is due to higher volumes and 1% to prices....
http://www.chemweek.com/sections/news_briefs/Reshaped-Clariant-reports-improved-results_58983.html
February 21, 2014
Ineos has announced an ethane feedstock purchase agreement with Consol Energy (Pittsburgh). The ethane will be transported through the Mariner East pipeline and terminal system and...
http://www.chemweek.com/sections/news_briefs/Ineos-to-buy-ethane-from-Consol-for-import-to-Europe_58984.html
February 21, 2014
Hedge fund FrontFour Capital (New York) said on 19 February that it will nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle...
http://www.chemweek.com/sections/news_briefs/Hedge-fund-plans-to-nominate-four-Sensient-directors_58999.html
February 21, 2014
CF Industries CFO Dennis Kelleher said on the company’s fourth-quarter earnings call that early indications suggest that placement of existing assets in a master limited partnership...
http://www.chemweek.com/sections/news_briefs/CF-Industries-dissuaded-on-MLP-options-CFO-says_59000.html
February 21, 2014
Maire Tecnimont (Rome) has announced that its Tecnimont USA subsidiary has signed a collaboration agreement with Foster Wheeler covering front-end engineering design and detailed...
http://www.chemweek.com/sections/news_briefs/Tecnimont-forms-alliance-with-Foster-Wheeler_59001.html
February 21, 2014
Westlake Chemical has declared a two-for-one split of the company’s common stock and increased the quarterly cash dividend by 12%, to 25.2 cts/share, on a presplit basis. Separately...
http://www.chemweek.com/sections/news_briefs/Westlake-stock-split_59002.html
February 21, 2014
Chairperson of the US Chemical Safety Board (CBS) Ralph Moure-Eraso has testified before Congress on the results of CSB’s inspection into the West Virginia chemical spill incident in...
http://www.chemweek.com/sections/news_briefs/CSB-spill-results_59003.html
February 21, 2014
ACC has released its monthly US Chemical Production Regional Index, indicating a 0.3% rise in January, following a 0.6% gain in December 2013. ACC says production continued to move...
http://www.chemweek.com/sections/news_briefs/Chemical-production-up_59004.html
February 21, 2014
Novozymes and Monsanto say they have closed their previously announced, long-term strategic alliance aimed at jointly developing agricultural biologicals for global broadacre crops...
http://www.chemweek.com/sections/news_briefs/Monsanto-alliance_59005.html
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