IHS Chemical Week

The latest chemical industry news

Bayer reports improved results, will decide on either a spinoff or IPO of MaterialScience

12:35 AM MST | February 26, 2015 | Natasha Alperowicz in Leverkusen

Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects, sales grew by 7.2%.  All subgroups contributed to this increase, the...

Axiall, Lotte delay decision on Louisiana cracker project

6:54 AM MST | February 26, 2015 | Brian Balboa

Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On a conference call with financial analysts on 19 February, Axiall president...

Solvay's net profit soars but functional polymers sales shrink

Mexichem's net loss widens despite higher sales

Mitsubishi Gas Chemical to increase stake in foamed plastics firm JSP

More Top of the News...

This week

India: Industry energized under new government

India’s chemical industry is set for exceptional growth. The country’s economy continues to rebound from a relatively soft patch, with GDP forecast to expand by 6.7% in 2015. The International Monetary Fund and IHS each predict that India will overtake China to become the fastest-growing major emerging market in 2015–17...read more>>


Ferro acquires laser marking technology provider TherMark

2:37 AM MST | February 26, 2015 | Deepti Ramesh

Ferro says that it has acquired privately held TherMark Holdings (Irvine, CA), a leader in laser marking technology, for $5.5 million in cash. TherMark, which was founded in 1996, is Ferro’s largest partner in the marketing of laser marking materials...


Kemira board appointment

3:44 PM MST | February 26, 2015 | Ian Young

Kemira has appointed Esa-Matti Puputti executive v.p./operational excellence and a member of the Kemira board, effective May 2015. He will report to Kemira president and CEO Jari Rosendal. Puputti was until recently senior v.p./supply chain and sourcing at...

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. ...


Mitsui Chemicals restructures business segments

12:32 AM MST | February 26, 2015 | Deepti Ramesh

Mitsui Chemicals has announced an organizational restructuring, which will become effective on 1 April. The company’s fine & performance chemicals division within the functional chemicals business segment will be transferred to the basic chemicals...


Brenntag to acquire specialty chemicals distributor in South Africa

12:08 AM MST | February 25, 2015 | Deepti Ramesh

Brenntag says that it has agreed to acquire Lionheart Chemical Enterprises (Johannesburg), a specialty chemicals distributor in the South African market operating mainly in the food and beverage sector. Financial details of the deal have not been disclosed...


Activists advance

5:02 PM MST | February 19, 2015

For better or worse, activists are likely to be a recurring theme in industry. Even with recent high-profile spats involving blue chips names, such as Air Products, Dow Chemical, and DuPont, activist activity is likely to expand to more companies. Activists are raising funds at an aggressive pace, and high-profile campaigns against chemical makers may draw others to the sector....

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