IHS Chemical Week

The latest chemical industry news

Mitsubishi Chemical upgrades earnings and sales projections

2:13 AM MST | November 27, 2014 | Deepti Ramesh

Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, has revised its earnings and sales forecasts for the full fiscal year ending 31 March 2015. Mitsubishi expects to record a net profit of ¥47 billion ($401 million) for the full fiscal year...

US approves GSK-Novartis vaccines and consumer healthcare deals

3:31 AM MST | November 27, 2014 | Natasha Alperowicz

The US Federal Trade Commission (FTC) voted on Wednesday to approve GlaxoSmithKline’s (GSK) proposed acquisition of Novartis's vaccines business, excluding influenza vaccines, together with the proposed creation of a consumer healthcare joint venture...


Nihon Nohyaku to acquire Hyderabad Chemical

Sibur to commercialize new grades of solution styrene butadiene rubber

Kuraray appoints new president

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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

Methanex temporarily idles Trinidad facilities

12:07 AM MST | November 28, 2014 | Deepti Ramesh

Methanex says that its Trinidad operations have been temporarily idled due to an interruption in power supply. The facilities have not been receiving electrical power off the national grid since the morning hours of 27 November. Methanex operates two methanol...

Europe

Sika opens research center in UK

1:06 AM MST | November 28, 2014 | Deepti Ramesh

The R&D center was opened by Prince Edward Duke of Kent. Sika (Baar, Switzerland) says that it has opened a new research facility at Preston, UK. Construction work on the new research and development center began one year ago on the site of an existing...

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

Nuplex completes sale of distribution, masterbatch businesses in Australia and New Zealand

12:01 AM MST | November 28, 2014 | Deepti Ramesh

Polymer resins producer Nuplex Industries (Auckland) says that it has completed the sale of its Australia and New Zealand based agency and distribution business and its plastic additives business, to Axieo (Sydney). Axieo is a new company formed with funds...

Mideast/Africa

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

5:22 AM MST | November 25, 2014 | Natasha Alperowicz in Dubai

Al Mahruqi: A start of a new era for petrochemicals in Oman. Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) will issue invitations to bid for its $3-4 billion petrochemical project, the Liwa plastics project, in the first quarter of...

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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