IHS Chemical Week

The latest chemical industry news

PlastIndia: Higher Growth Will Return Next Year; Plastics Consumption to Double

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...

PlastIndia: IndianOil Advances Paradip Cracker, to Double Investments

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...


Mitsubishi Reports Huge Fall in Profits and Sumitomo Swings to a Loss; Downgrade Full-Year Projections

Asahi Kasei and Teijin Report Falls in Profits

Mosaic to Cut Potash Production up to 20% Through May

More Top of the News...


Soaps and Detergents:
Performance Trends Drive Demand


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>>


WEBCAST: February 8th 10 AM EST: Driving Industry-Leading Productivity in the Process Industries. Featuring Axel Steiger-Bagel of Bayer.


BLOG: Four Mistakes SMEs Make with Reach - and How to Correct Them By Chris Eacott, managing director/Stewardship Solutions Ltd, a UK-based Reach and CLP consultancy

CHEMICAL PRICES

Chemical Week PriceWatch

BENZENE

420-425

cts/gal fob January 31

CONFERENCES AND EVENTS

Polyester & PET Chain 2012

The Way Ahead: Markets, Technologies, Applications

February [14] 15-16, 2012 | 
Zurich Switzerland 
Post Congress Open House - February 17th
 
                                                                        

India Chemical Industry Outlook Conference & Roundtable

February 23-24, 2012

InterContinental The LaLit
Mumbai, India

More conferences>>

CHEMICAL BLOG

Chemical Industry Weekly News Round-Up, Feb. 3

February 3, 2012 | By VINCENT VALK

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...

Three Ways Cloud Computing Can Improve Supply Chain Operations for the Chemical Industry

February 2, 2012 | By GREG KEFER

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...




Americas

Dow Corning Net Income Rises 3% on Long-Term Sales Contracts

10:19 AM MST | February 3, 2012 | Vincent Valk

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...

Europe

Reach: 2,300 Substances Identified So Far for 2013 Registration

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...

news round-up

Chemical Industry Weekly News Round-Up, Feb. 3

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...

Asia/Pacific

Ube Reports Rise in Profits and Sales

5:44 AM MST | February 3, 2012 | Deepti Ramesh

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...

Mideast/Africa

South Africa Blocks Chemicals Merger, Future of CMC Producer Uncertain

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...

Viewpoint

Restocking Ahead

6:35 PM MST | January 26, 2012

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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