IHS Chemical Week

The latest chemical industry news

BASF shuffles executive board as one member retires

4:25 AM MDT | October 23, 2014 | Natasha Alperowicz

BASF today appointed Sanjeev Gandhi, 47, to the board of executive directors, effective 1 December 2014. Gandhi, currently head of BASF’s intermediates division, will replace Andreas Kreimeyer, 59, on BASF’s executive board. Kreimeyer will retire...

Sabic confirms cancelation of Sadaf POSM, polyols project

1:37 AM MDT | October 23, 2014 | Natasha Alperowicz

Sabic confirmed today that a project announced in November 2012 to build a styrene monomer, propylene oxide and polyols complex by Saudi Petrochemical Co. (Sadaf), a joint venture with Shell, has been canceled. Sabic says that studies into the project were...

Report: Private equity firms eyeing Bayer MaterialScience

Asian Paints signs agreement to acquire Ethiopian firm, plans to invest in Indonesia

PhosAgro reports higher fertilizer production and sales

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This week

Billion-Dollar Club:
Asia, Mideast makers climb ranks

For the eighth year, BASF retains the top ranking in CW’s Billion-Dollar Club, our annual ranking of chemical makers by revenue on a dollar basis. China’s Sinopec and Saudi Arabia’s Sabic have pushed the normal US leaders lower, rising respectively to the second and third spots...read more>>


SAFC reports rise in third-quarter sales

5:57 AM MDT | October 23, 2014 | Deepti Ramesh

SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich (St. Louis), reports a 2.4% increase in sales in the third quarter of 2014 compared with the year-ago quarter, to $173 million. Earnings figures for the business have not...


Umicore records a slight increase in revenue

4:31 AM MDT | October 23, 2014 | Deepti Ramesh

Umicore (Brussels), in its business update announcement for the third quarter of 2014, says that the company’s revenue increased 1% in the quarter, compared with the third quarter of 2013. In the company’s catalysis business segment, revenues...

news round-up

Chemical industry weekly news roundup, 17 October

CF Industries (Deerfield, IL) and Yara International (Oslo) have terminated merger discussions. “Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders,” says Tony Will, CF president and CEO...


UOP technology selected for Cepsa phenol project at Shanghai

7:53 AM MDT | October 22, 2014 | Deepti Ramesh

UOP, a Honeywell subsidiary, says that Cepsa Chemical Shanghai will use UOP's phenol process to produce phenol and by-product acetone — key building blocks for polycarbonate plastics used in construction and automobile production — at a new...


Petro Rabigh raises profits

5:50 AM MDT | October 23, 2014 | Natasha Alperowicz

Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced a major increase in profits for the third quarter and the first nine months of the year. Net profit in the third quarter rose to...


Billion-Dollar Club

4:26 PM MDT | October 9, 2014

CW’s Billion-Dollar Club, compiled by Lindsay Frost, underscores how industry’s landscape continues to change....

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