IHS Chemical Week

TOP STORIES

IHS Markit: UK economy contracting sharply in July, Brexit the likely cause

11:44 AM MDT | July 22, 2016 | Ian Young

CRACK-UP: Brexit uncertainty hitting UK economy hard. The UK economy is contracting in July at its steepest pace since the aftermath of the financial crisis in early 2009, according to data released today by IHS Markit. Uncertainty caused by the...

Vietnam cancels mega refinery and petrochemical joint venture project with PTT

1:50 AM MDT | July 25, 2016 | Natasha Alperowicz

Vietnam’s government of south central Binh Dinh Province has cancelled a $20-billion project to build a refinery and petrochemical complex in the province, following years of delay. The announcement was made by the provincial committee’s ...

Syngenta earnings, sales down on tough markets, ChemChina deal expected to close by year-end

12:10 AM MDT | July 22, 2016 | Natasha Alperowicz in Basel

FYRWALD: New products continue to perform strongly even in difficult markets. Syngenta (Basel, Switzerland) today reported a 13% drop in net income for the first six months of 2016, to $1.06 billion with Ebitda down 12%, to $1.77 billion. Ebitda was ...

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FEATURES

M&A: The path ahead

Large-scale mergers and acquisitions (M&A) continue to transform industry. While the parade of multibillion dollar deals cannot go on forever, dealmakers expect the strong activity to continue for the foreseeable future....Read more »

UPCOMING WEBCAST

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LATEST NEWS

Americas

Honeywell beats estimates, but chemical results falter as prices decline

11:37 AM MDT | July 22, 2016 | Vincent Valk

Honeywell today reported second-quarter net income up 8% year-on-year (YOY), to $1.28 billion, on net sales up 2% year-on-year (YOY), to $9.9 billion. Earnings totaled $1.66/share, slightly ahead of analysts’ consensus estimate of $1.64/share, as...

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Europe

VCI expects Germany's chemical production to rise by only 0.5%, prices to fall 1.5%, in 2016

9:36 AM MDT | July 22, 2016 | Michael Ravenscroft

Germany’s chemical industry organization VCI (Frankfurt) has painted a gloomy picture of the industry, saying that “business is not going smoothly in the country’s third largest industry.” The trade organization says that production of...

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Same-Day Analysis

Syngenta earnings and sales fall on tough markets

1:29 PM MDT | July 22, 2016

Syngenta (Basel, Switzerland) today reported a 13% drop in net income for the first six months of 2016, to $1.06 billion with Ebitda down 12%, to $1.77 billion. Ebitda was 4% below consensus estimates. Sales, at $7.01 billion, were 7% lower due to the...

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Asia

Indorama establishes two subsidiaries in China

12:12 AM MDT | July 25, 2016 | Deepti Ramesh

Indorama Ventures (Bangkok) says that it has established a wholly owned subsidiary at Kaiping in Guangdong Province, China, and Indorama’s ES FiberVisions affiliate has established a subsidiary at Shanghai, China. Indorama’s new wholly owned...

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Mid East

Kayan swings to profit, Safco earnings well down

11:19 PM MDT | July 21, 2016 | Natasha Alperowicz

Saudi Kayan, a SABIC affiliate has returned to quarterly profit recording a net profit of 91.02 million Saudi riyals ($24.26 million) in the second quarter of 2016. This compares with a net loss of riyals 13.42 million in the year-earlier quarter. Operating...

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