3:41 AM MST | February 3, 2012 | Natasha Alperowicz in New Delhi
Delegates to this year’s PlastIndia triennial plastics show and conference currently taking place in New Delhi, were told about the challenges and the huge opportunities that the Indian plastics sector offers. India’s per capita consumption of...
3:54 AM MST | February 3, 2012 | Natasha Alperowicz in New Delhi
IndianOil is expected to double investments in its petrochemicals business by spending an additional $5 billion over the next few years, S. Mitra executive director/petrochemicals at Indian Oil tells CW. The company has so far spent about $4 billion, he says...
Global consumption of detergents is expected to grow at or around GDP in 2012, producers say. The key developing regions of China, Eastern Europe, and India are expected to continue growing strongly, and market expansion in Western Europe and North America is...read more>>
This Week on CW: Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago period and falling short of analysts’ estimates. Meanwhile, Cabot reported fourth-quarter net income that fell 39%, to $46...
Traditional business software systems were designed to do, essentially, one thing: automate the processes within a single enterprise. They weren't designed to automate the processes that occur between companies working together as global trading and service communities. However, supply chain, especially within the chemical industry, is defined by its focus on inter-company collaboration across...
Dow Corning saw net fourth-quarter net income rise 3% year-on-year, to $260 million, the company says. Fourth-quarter sales were down 4%, to $1.52 billion, due to soft pricing. Adjusted net income, which excluded a gain on long-term sales agreements, fell...
3:02 AM MST | February 3, 2012 | Alex Scott in Helsinki
The European Chemical Agency (ECHA; Helsinki) says a recent survey of industry shows chemical firms plan to register 2,300 substances for the next phase of the European Union’s (EU) Reach legislation taking place in May 2013. The next Reach registration...
Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago period and falling short of analysts’ estimates. Meanwhile, Cabot reported fourth-quarter net income that fell 39%, to $46 million...
Ube Industries reported a 29% rise in net profits for the nine months ended December 31, 2011, compared with the same period of the previous year, to ¥19.4 billion ($255 million). Sales increased 4%, to ¥471 billion. Ube’s chemicals and plastics...
3:38 AM MST | January 25, 2012 | Natasha Alperowicz
South Africa's Competition Commission (Pretoria) on Tuesday blocked a bid by Senmin International, a unit of AECI, to acquire Cellulose Derivatives (Pretoria). The commission says that the merger “was essentially the same transaction that was previously...
Early earnings reports confirm the weak end to 2011. Volumes fell in the fourth quarter, but revenues and earnings were decent thanks to strong pricing (p. 9, 12). DuPont reported a 10% year-over-year drop in volumes, with demand dragged down by weakness in...
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