March 7, 2014 | By LINDSAY FROST
This Week in CW: Shin-Etsu (Tokyo) is studying plans to build a world-scale ethylene plant in the United States, executive chairman Chihiro Kanagawa tells CW. Ethylene capacity would be 1 million m.t./year and the company is in preliminary discussions with technology suppliers, Kanagawa says. There is a “much more than 50%” chance that the company will decide in favor of building a US cracker...
March 4, 2014 | By DEEPTI RAMESH
Siegfried reports huge rise in profits Siegfried (Zofingen, Switzerland) reports a more than doubling in net profits for 2013, compared with 2012, to 53.9 million Swiss francs ($61 million), mainly because of a favorable tax effect and extraordinary income, the company says. Full-year sales increased 1.9%, to SF374.9 million. The company’s drug substances business reports sales of SF274.2 million...
February 28, 2014 | By LINDSAY FROST
This week in CW: Asahi Kasei says it will close permanently several petrochemical production plants in Japan and, with Mitsubishi Chemical, is also moving ahead with the previously announced plan to unify their respective naphtha crackers at Mizushima, Japan. Asahi says it will close a 150,000-m.t./year acrylonitrile plant at the company’s manufacturing site at Kawasaki by August 2014; a...
February 25, 2014 | By JERRY MACCLEARY, BAYER MATERIALSCIENCE
A new debate has emerged in STEM circles—Is the United States actually experiencing a STEM workforce shortage?...
February 25, 2014 | By DEEPTI RAMESH
Mitsubishi Chemical to consolidate several health-care businesses under new company, Life Science Institute Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, says that on 1 April 2014, it will establish the Life Science Institute, with its headquarters at Tokyo. Four health-care related companies of Mitsubishi Chemical Holdings will come under the Life Science Institute management umbrella...
February 21, 2014 | By LINDSAY FROST
This Week in CW: The tail-end of earnings season was this week. In the US, Ecolab reported net income up 24% year-on-year (YOY), to $287.1 million, or 93 cts/share, on sales up 17%, to $3.56 billion. Westlake Chemical reports fourth-quarter net income of $171 million, up 80% year-over-year (YOY), and sales of $952 million, up 19% YOY. Westlake attributes the gains to higher prices for polyethylene, styrene...
February 18, 2014 | By DEEPTI RAMESH
Aurobindo Pharma reports rise in API sales The active pharmaceutical ingredient (API) business of Aurobindo Pharma (Hyderabad, India) reports a 12.7% rise in sales in the company’s fiscal third quarter, ended 31 December 2013, compared with the year-ago quarter, to 7.44 billion Indian rupees ($120 million). Earnings figures for the API business have not been disclosed. Aurobindo is one of the global...
February 14, 2014 | By LINDSAY FROST
This Week in CW: Earnings season is winding down as few companies reported this week. DIC (Tokyo) reports a 51.6% rise in net profits for its full fiscal year, ended 31 December 2013, compared with the previous fiscal year, to ¥26.77 billion ($263 million). Braskem's consolidated net profit was 15 million reais ($6.22 million) in the last quarter of 2013, down 95% from the fourth quarter of the year...
February 11, 2014 | By DEEPTI RAMESH
Teva’s API business reports fall in sales The active pharmaceutical ingredient (API) business of Teva Pharmaceutical Industries (Petaḥ Tiqwa, Israel) reports a 19.3% fall in sales in the fourth quarter of 2013, compared with the fourth quarter of 2012, to $163 million. For the full year 2013, the API business reports a 13% fall in sales, compared with 2012, to $692 million. Earnings figures for the...
February 7, 2014 | By LINDSAY FROST
This Week in CW: Earnings continued to be reported this week by several companies internationally. Dow Corning reported net income of $110 million for its fiscal fourth quarter, compared with a loss of $101 million in the year-ago quarter, as customers purchased high volumes of polysilicon to meet contractual obligations. Kemira (Helsinki) reported a fourth-quarter net loss of €48.7 million ($66.06...
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Fine Chemicals / Pharma
Girish Malhotra is the president and founder of Epcot International, an international consulting firm covering chemical manufacture. Girish is an established industry figure having held senior positions at companies including ExxonMobil and Sherwin Williams. He can be reached at firstname.lastname@example.org
Lawrence D. Sloan became Socma's
President in early 2010. He says he will continue to drive up the interests of his members on issues including regulation and best business practice.
Lisa Allen is the Technical Manager of ReachReady, the Reach services body affiliated to the Chemical Industries Assocation (CIA; U.K.).
She spends much of her time addressing concerns raised by ReachReady’s customers about Reach.
Kathryn Sheridan is the founder of Sustainability Consult, providing public relations support with a sustainability focus to a number of chemical industry clients, as well as to other sectors. Sustainability Consult helps organisations develop, promote and communicate their sustainability strategies, plans and activities. email@example.com
Rubber and Plastics
Lou Reade is a freelance journalist and expert in the rubber and plastics fields. Based in the U.K. Lou has more than a decade writing in about rubber and plastics manufacture with a wealth of experience gained while writing for the leading publications in the field in the U.K. and wider afield. Loureade@talk21.com.
Giles Chappell is an attorney based in Geneva. His practice focuses on chemicals—specifically REACH and the CLP Regulation, product safety legislation, environmental and trade compliance, and market access issues. He was recommended in 2012 by the Chambers & Partners legal directory. firstname.lastname@example.org
Steve Roberts is an attorney who practices in the rapidly developing area of homeland security law and regulation. Steve writes and speaks frequently on the legal aspects of homeland security and counterterrorism affecting the nation’s critical infrastructure. www.chemicalsecurity.com