IHS Chemical Week

The latest chemical industry news

Arkema reports lower sales and profits, confirms mid- and long-term targets

5:08 AM MST | March 5, 2015 | Natasha Alperowicz in Paris

Arkema today reported its fourth-quarter and full-year 2014 results and provided guidance for 2015. Fourth quarter Ebitda, characterized by year-end seasonality, was flat at €162 million ($178.8 million) with sales declining 1.7% to €1.43 billion...

Huntsman to cut 120 jobs in color pigments business

12:05 AM MST | March 5, 2015 | Deepti Ramesh

Huntsman says that it plans to restructure its color pigments business, and that this restructuring includes an expected headcount reduction of 120 positions. The move is part of the previously announced plan to significantly restructure the company’s...


AbbVie to acquire cancer drugs producer Pharmacyclics for $21 billion

Total buys majority stake in German plastics compounder Polyblend

USW strike, Day 32: National-level discussions end without agreement in place

More Top of the News...

This week

Paints and coatings: Bright outlook, enhanced functions

The global paints and coatings sector is rolling into a bright 2015, with growth prospects buoyed by a solid North American economy and cheaper oil. Producers are optimistic about growth in most coatings end markets, although low oil prices could weaken some industrial markets. Meanwhile, new functionalities are a key driver of product development...read more>>

Americas

Patheon to acquire API manufacturer IRIX Pharmaceuticals

12:17 AM MST | March 5, 2015 | Deepti Ramesh

Patheon (Durham, NC), a provider of drug development and delivery solutions to the pharmaceutical and biopharma sectors, says that it has reached a definitive agreement to acquire IRIX Pharmaceuticals (Florence, SC), a company that specializes in difficult to...

Europe

Siegfried reports fall in profits, sales

2:24 AM MST | March 5, 2015 | Deepti Ramesh

Siegfried (Zofingen, Switzerland) reports a 28.4% fall in net profits for 2014 compared with 2013, to 38.6 million Swiss francs ($39.9 million). Full-year sales for 2014 decreased 15.9%, to SF315.3 million. The decrease in sales is the result of a number of...

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. ...

Asia/Pacific

Asahi Kasei to absorb chemicals, fibers, and electronic materials subsidiaries

2:46 AM MST | March 3, 2015 | Deepti Ramesh

Asahi Kasei says that its board of directors today decided to absorb three wholly owned subsidiaries — Asahi Kasei Chemicals (AKC), Asahi Kasei Fibers (AKF), and Asahi Kasei E-materials — effective 1 April 2016. Asahi Kasei currently has four...

Mideast/Africa

CB&I awarded storage tank contract in Kuwait

8:28 AM MST | March 5, 2015 | Natasha Alperowicz

CB&I today announced an award of a $60 million contract by JGSK JV, a joint venture between JGC Corp., GS E&C and SK E&C. The project scope includes the engineering, procurement, fabrication and construction of 39 storage tanks and two spheres for...

Viewpoint

Paints brighten

4:14 PM MST | February 26, 2015

Producers are positive about the outlook for the global paints and coatings market, as our cover story this week shows (p. 21)....











 
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