IHS Chemical Week

The latest chemical industry news

DIC reports higher earnings on improved operating environment, rationalization

12:02 AM MST | February 12, 2016 | Deepti Ramesh

DIC (Tokyo) has announced its financial results for the fiscal year ended 31 December 2015. DIC decided in 2013 to change its fiscal year-end from 31 March to 31 December. DIC reports a 48.4% rise in net profits for 2015 compared with 2014, to ¥37.39...

Report: UK chemical industry could lose £7 billion/year in exports if country leaves EU

12:15 PM MST | February 12, 2016 | Ian Young

The chemical industry in the United Kingdom could face a loss of exports of up to £7 billion/year if the country leaves the European Union following an upcoming referendum, according to a report by Euler Hermes (Paris), a trade credit insurance company...


Huntsman swings to $4 million profit for fourth quarter, beats estimates

ExxonMobil's Beaumont chemical plant resumes normal operations

Berry Plastics net income down 69% YOY, sales rise on Avintiv deal

More Top of the News...

IN THE MAGAZINE

Petronas Chemicals: Looking to grow through Rapid project, diversification


Petronas Chemicals Group (PCG) is focused on strengthening its basic petrochemicals business while diversifying more into specialty products. The company is also looking to increase its production capacity significantly through various projects, particularly by investing in the Refinery and Petrochemical Integrated Development (Rapid) project of its parent, Petronas (Kuala Lumpur), at Pengerang, Johor State, Malaysia. PCG, the leading integrated chemicals producer in Malaysia and one of the largest in Southeast Asia, expects to have performed better financially...read more>>

Americas

ExxonMobil's Beaumont chemical plant resumes normal operations

12:47 PM MST | February 12, 2016 | Brian Balboa

 ExxonMobil confirmed on Friday that its Beaumont, TX, chemical plant has resumed normal operations. The announcement follows a week after its refinery at the Beaumont facility resumed operations. The company had been working to restore operations...

Europe

Germany's employer association warns of high labor cost in advance of pending pay negotiations

4:30 AM MST | February 12, 2016 | Michael Ravenscroft

The labor cost in the Western Germany chemical industry was €52.96 ($59.9) per working hour in 2014. Only Belgium, which is relatively small in comparison, is more expensive, the employers association BAVC (Wiesbaden) says. In contrast, Germany’s...

news round-up

DuPontDow: 1+1=3

The combination of Dow Chemical and DuPont, announced 11 December, brings together two American corporate icons that have driven and helped define much of the global chemical industry’s development for more than 100 years.


Asia/Pacific

Waste water issues force shutdown of major soda ash plant in China

5:55 AM MST | February 11, 2016 | Ian Young

Shandong Haihua Group ((Weifang, China) shut down its 2.85-million m.t./year soda ash plant at Weifang on 29 January due to facility issues and the company is planning to resume full production after the Chinese New Year holiday in March 2016. The plant was...

Mideast/Africa

Equate's profit falls on market volatility

1:23 PM MST | February 12, 2016 | Ian Young

Equate Petrochemical Co. (Kuwait City) reports a fall in 2015 net profit to $739 million from $1.04 billion  in 2014. The company cites volatility in oil and petrochemical markets, as well as in the wider economy. Quarterly earnings have not been...

Viewpoint

Chemicals prove durable

4:55 PM MST | February 15, 2016 | —Robert Westervelt

Shipments of US chemicals, typically viewed as cyclically exposed, are shaking off economic turmoil in early 2016. Could a durable cost advantage be sheltering US chemical makers while most other materials and commodities markets are being rattled? The latest data show that may be the case....











 
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