IHS Chemical Week

TOP STORIES

BASF reports lower sales and operating profit on disposals, lower prices

1:25 AM MDT | April 29, 2016 | Natasha Alperowicz

BASF on Friday reported net income rose 18%, to €1.39 billion ($1.58 billion), on 29% lower sales of €14.2 billion compared with the year-earlier quarter. Ebitda was down 3%, to €2.81 billion, as the company's tax rate declined sharply. The...

Wacker and Mofcom extend polysilicon agreement as China launches year-long review

9:42 AM MDT | April 29, 2016 | Natasha Alperowicz

The Chinese Ministry of Commerce (Mofcom) has announced that it is launching a one-year-long expiry review to decide whether the anti-dumping and anti-subsidy tariffs on European polysilicon should expire. At the same time, it is prolonging an agreement that...

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FEATURES

Japan Seeking higher value in chemicals

IHS World Petrochemical Conference 2016 Highlights

Japanese chemical makers continue to restructure domestic basic chemical operations while shifting resources toward higher-value advanced materials and specialty chemicals. Producers are increasing overseas investment and considering M&A to advance strategy while focusing domestic investment on R&D and businesses that will grow, including healthcare and energy-related materials....Read more »

Americas

No damage to PMV chlor-alkali unit at Pajaritos following explosion, no apparent damage to cracker, VCM unit shut down—Mexichem

6:34 AM MDT | April 29, 2016 | Francinia Protti-Alvarez

There has been no damage to Petroquimica Mexicana de Vinilo's (PMV) chlor-alkali production following the explosion at the Pajaritos petrochemical complex at Coazalcoalcos, Mexico, on 20 April, Mexichem (Tlalnepantla, Mexico) said during its first-quarter...

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Europe

Linde sales flat, profit up slightly on exchange rate effects; lower contribution from engineering division

3:03 AM MDT | April 29, 2016 | Michael Ravenscroft

Linde has announced first-quarter 2016 operating profit of €991 million ($1.12 billion) compared with €1.01 billion in the year-ago quarter, a decrease of 1.9% year-on-year but an increase of 0.6% after adjusting for foreign currency effects...

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BUSINESS DAILY

BASF reports lower sales and operating profit on disposals, lower prices

12:39 PM MDT | April 29, 2016

BASF reports net income rose 18% year-on-year (YOY), to €1.39 billion ($1.58 billion), on 29% lower sales of €14.2 billion compared with the year-earlier quarter. Ebitda was down 3%, to €2.81 billion, and Ebit before special items was 8% lower, €1.91...

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Asia

AkzoNobel starts up decorative paints plant at Chengdu

3:20 AM MDT | April 29, 2016 | Deepti Ramesh

AkzoNobel announced on 29 April that it has started production at its fourth and largest plant for decorative paints in China. The new plant, at Chengdu, is part of a previously announced investment in excess of €50 million ($57.2 million) to build...

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Mid East

Sipchem plans maintenance turnaround in May

2:08 AM MDT | April 29, 2016 | Natasha Alperowicz

Saudi International Petrochemical Company (Sipchem; Al Khubar) says it will carry out scheduled turnaround maintenance on several of its manufacturing facilities at Jubail, Saudi Arabia. These include the carbon monoxide unit owned by Sipchem’s...

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EVENTS

PEPP 2016

June 1 – June 3, 2016 | Zürich, Switzerland

WPC 2016 highlights
WPC 2016 Highlights

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