IHS Chemical Week

The latest chemical industry news

Samsung to sell subsidiaries, including chemicals, to Hanwha Group

1:29 AM MST | November 26, 2014 | Natasha Alperowicz

Samsung Group (Seoul) said on Wednesday that it will sell four chemical and defense subsidiaries to Hanwha Group (Seoul) in a deal worth 1.9 trillion South Korean won ($1.72 billion). Samsung informed the Korea Stock Exchange that it will sell its defense...

GPCA: Diversification will create new opportunities in the Mideast

4:31 AM MST | November 25, 2014 | Natasha Alperowicz in Dubai

The GCC countries will see a decline in chemical industry’s growth from an impressive 11%/year in the past 10 years to 7.1%/year through 2020 to reach 226 million m.t./year, up from the current volume of 140 million m.t./year, according to the Gulf...


Lubrizol to acquire Warwick Chemicals

Orpic to float EPC tender early next year for Liwa plastics project in Oman

GPCA: Aramco CEO calls for switch to mixed-feed crackers as gas feedstocks run short

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This week

CW’s E&C ranking: Fluor leads as CNCEC, Sinopec, Technip, Saipem follow

CW’s fourth annual survey of engineering and construction (E&C) firms focuses on the hydrocarbon processing and related industries, including petrochemicals, chemicals, and minerals and metals. Total sales in these markets of the companies surveyed grew by 3.0%, to $122.8 billion, in 2013. This rate is a sharp slowdown compared with the previous year, when sales of the companies surveyed grew by 11%...read more>>

Americas

ACC: CAB inches up over November

8:52 AM MST | November 25, 2014 | Lindsay Frost

ACC says its chemical activity barometer (CAB) gained 0.2% in November, measured on a three-month moving average (3MMA). Year-over-year (YOY), the CAB is up 3.7%, suggesting modest gains and an economy continuing to face headwinds, ACC says. The CAB...

Europe

IMCD and Campine extend distribution deal for flame retardant masterbatches

12:10 AM MST | November 26, 2014 | Deepti Ramesh

Specialty chemicals distributor IMCD Group (Rotterdam) says that it has extended the distribution deal with Campine (Beerse, Belgium) for flame retardant masterbatches, into Spain. The agreement adds to IMCD’s compounders and converters product...

news round-up

Chemical industry weekly news roundup, 14 November

Dow Chemical held its investor day this week and made several announcements. The company says it plans to cut its stake in its Kuwaiti petrochemical joint ventures and sell its Angus Chemical subsidiary to private equity firm Golden Gate Partners for $1.2 billion. The company also announced...

Asia/Pacific

BASF launches Master Builders Solutions in Sri Lanka

12:02 AM MST | November 26, 2014 | Deepti Ramesh

BASF says that it has started to offer Master Builders Solutions brand in Sri Lanka as part of its phased launch process. The portfolio of products and services marketed under the Master Builders Solutions brand comprises chemical solutions for new...

Mideast/Africa

GPCA: Equate's manufacturing complex down for turnaround; debottlenecking project makes progress

11:37 AM MST | November 24, 2014 | Natasha Alperowicz in Dubai

Equate (Safat, Kuwait), a joint venture between Petrochemical Industries Co. (PIC), Dow Chemical, Boubyan Petrochemical, and Qurain Petrochemical Industries, says that a large part of its petrochemical complex at Shuaiba, Kuwait is currently down for a...

Viewpoint

Fluor tops E&C ranking

4:18 PM MST | November 20, 2014

Our exclusive ranking of engineering and construction (E&C) companies by CW’s Natasha Alperowicz, now in its fourth year, tracks the sector’s 2013 fortunes (p. 21)....











 
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