IHS Chemical Week

The latest chemical industry news

Reliance reports 8.5% rise in quarterly profits

7:06 AM MDT | April 17, 2015 | Deepti Ramesh

Reliance Industries says net profits for the company’s fiscal fourth quarter, ended 31 March 2015, increased 8.5% compared with the same period of the previous fiscal year, to about 63.81 billion Indian rupees ($1.02 billion). Fourth-quarter sales...

Sabic's first-quarter profits, revenues decline on lower selling prices

2:52 PM MDT | April 19, 2015 | Natasha Alperowicz

Sabic today reported a drop in first-quarter sales and profits but said it will continue with global investments to expand capacity. First quarter net profit declined 39% to 3.93 billion Saudi riyals ($1.05 billion). Operating profit was 43.5% lower at SR6.13...

Syngenta's first-quarter sales hurt by slow start in the Americas, currency effects

Huntsman expands capacity for specialty amines in Hungary, US

Henkel to acquire hot melt adhesives firm Novamelt

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This week

Japan: Weaker yen, cheaper crude boost results as reforms advance

Japan’s chemical industry had a solid 2014 despite anemic conditions in the country’s overall economy. Large chemical makers gained despite Japan’s GDP declining 0.1%. Industry has offset domestic malaise through stronger exports since...read more>>


Cytec appoints chief technology officer

12:38 AM MDT | April 17, 2015 | Deepti Ramesh

Cytec Industries says that its board of directors has elected Carmelo Lo Faro as v.p. and chief technology officer. In this capacity, Lo Faro will drive the company's technology and innovation strategy as well as collaborate with key partners, including...


Lubrizol adds hyperdispersant capacity in UK

1:15 AM MDT | April 17, 2015 | Deepti Ramesh

Lubrizol says that its performance coatings business has added hyperdispersant capacity at its Huddersfield, UK, facility. The new capacity will be used for to manufacture Solsperse hyperdispersants, additives that improve pigment dispersion in demanding...

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. ...


LG Chem reports falls in profits, sales

4:43 AM MDT | April 17, 2015 | Deepti Ramesh

LG Chem (Seoul), South Korea s largest chemical company, says net profits declined 14% in the first quarter of 2015 compared with the year-ago period, to 246.1 billion South Korean won ($227.2 million). First-quarter sales decreased 13%, to won4.91 trillion...


Petro Rabigh reports large drop in first-quarter profits

3:01 PM MDT | April 19, 2015 | Natasha Alperowicz

Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, today reported a 50.3% drop in its first-quarter net profit to 205.4 million Saudi riyals ($54.8 million) compared with the first quarter of...


Asia olefins revamp

4:39 PM MDT | April 16, 2015

Japan’s chemical industry had a solid 2014 despite the anemic conditions in the broader Japanese economy. A weaker yen and cheaper crude, which has improved the relative competitiveness of Japan’s high-cost naphtha-based production, are the reasons for the improved performance (p. 21)....

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