IHS Chemical Week

The latest chemical industry news

Sumitomo Chemical reports huge rise in profits

12:40 PM MST | January 30, 2015 | Deepti Ramesh

Sumitomo Chemical reports a 92% rise in net profits for its fiscal first nine months, ended 31 December 2014, compared with the year-ago period, to ¥47.2 billion ($401.3 million). Nine-month sales increased 7.2%, to ¥1.7 trillion. Sumitomo's basic...

ACI 2015: SC Johnson CEO says industry must rebuild consumer trust

8:31 AM MST | January 30, 2015 | Robert Westervelt in Orlando, FL

SC Johnson chairman and CEO Fisk Johnson says industry must take steps to rebuild public trust while “standing up for chemistry, for scientific truth, and for the health and wellness of consumers and the planet.”...


Taqa, Halliburton sign deal to build chemicals plant at Sadara's PlasChem Park

FTC clears Sun Pharma's acquisition of Ranbaxy on condition that they divest a business

Saudi PP producer appoints Mitsubishi Corp. and Domo as offtakers

More Top of the News...


ACI 2015 CONVENTION NEWS

Read our special digital edition of the American Cleaning Institute Covention News. More»


This week

Fine chemicals:
Stringent regulations prompt return of manufacturing to the West

Pharmaceutical ingredient manufacturers are witnessing a rise in demand, and they remain positive about the near-term outlook for the industry. Increasingly stringent regulations on manufacturing standards, however, are causing some manufacturing to return from Asia to the West...read more>>

Americas

BP confirms layoffs at US headquarters

2:59 PM MST | January 29, 2015 | Brian Balboa

BP is the latest oil company to announce layoffs this week as a result of declining prices. The company says there have been staff reductions at its US headquarters in Houston, and that notifications were made this week to its Gulf of Mexico business. The...

Europe

Solvay divests German refrigerant business to Daikin

12:43 AM MST | January 30, 2015 | Natasha Alperowicz

Solvay announced today that it has agreed to sell its German-based refrigerant business and pharma propellants to Daikin. The move forms part of Solvay’s special chemicals global business unit switching its focus toward selective high-value-added...

news round-up

Assessing crude's impact on Q4, January 23

Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the outlook for 2015 will be cautious. In research notes, the analysts cite a range of factors driving industry performance, but the recent collapse of crude oil pricing stands out. A majority of US chemical makers report are set to report fourth-quarter earnings over the next two weeks. ...

Asia/Pacific

Arkema starts up thiochemicals plant in Malaysia

1:33 AM MST | January 30, 2015 | Deepti Ramesh

Arkema says that its previously announced thiochemicals platform at Kerteh, Malaysia, came onstream at the beginning of 2015. The thiochemicals site produces methyl mercaptan for use as a synthesis intermediate in animal feed and dimethyl disulfide (DMDS)...

Mideast/Africa

Saudi Kayan to shut several units for maintenance

10:55 AM MST | February 1, 2015 | Natasha Alperowicz

Saudi Kayan, a Sabic affiliate, said on Sunday that it plans to shut several units at its petrochemicals complex at Jubail for a scheduled maintenance in February and October. Kayan shut its olefins plant on 1 February for almost five weeks, it said...

Viewpoint

Quarterly call

4:25 PM MST | January 22, 2015

The 2015 outlook should become clearer over the next two weeks as the majority of US chemical makers report fourth-quarter earnings and outline expectations for the year ahead....











 
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