IHS Chemical Week

The latest chemical industry news

Platform to acquire Arysta for $3.5 billion

7:27 AM MDT | October 20, 2014 | Natasha Alperowicz

Platform Specialty Products has agreed to acquire Arysta LifeScience, a maker of agrochemical and biological products, from private equity firm Permira for approximately $3.51 billion. The news confirms reports earlier this month that Platform was in advanced...

Ineos ups the ante on UK shale exploration

7:14 AM MDT | October 20, 2014 | Natasha Alperowicz

Ineos, which has already acquired two licenses to explore for shale gas in the United Kingdom, is bidding for more licenses, according to Tom Crotty, group director at Ineos. Crotty spoke to CW on the sidelines of the recent Cefic General Assembly meeting in...

Mitsubishi Chemical to restructure PTA business

Rosneft and Pirelli sign MOU to develop synthetic rubber production in Russia's Far East

Industries Qatar reports improved results, studies new petchem complex

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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>>


Platform Specialty Products reports fall in net income

10:03 AM MDT | October 20, 2014 | Vincent Valk

Platform Specialty Products today reported preliminary third-quarter net income of about $11.4 million, down 21.4% year-on-year (YOY), on sales up about 4%, to about $196 million. Adjusted Ebitda rose about 8.2% YOY, to about $51.5 million, however...


Arkema, CEA and Arjowiggins join forces in printed electronics collaboration

4:33 AM MDT | October 20, 2014 | Natasha Alperowicz

Arkema announced today that it has joined forces with CEA, a research group focusing on energy and technological innovation, and Arjowiggins Creative Papers, the world’s leader in technical paper, to promote collaborative innovation in the field of...

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...


LG Chem's third-quarter earnings tumble

1:53 AM MDT | October 20, 2014 | Natasha Alperowicz

LG Chem (Seoul) today reported a major drop in third-quarter earnings. Net profit plunged 34.2%, to 231.9 billion South Korean won ($218.8 million), the company says in a filing to the stock exchange. Operating income declined 30.8%, to won357.5 billion...


Saudi firms report mixed results

5:15 AM MDT | October 20, 2014 | Natasha Alperowicz

Saudi Kayan, a Sabic affiliate, today reported a 54.6% rise in third-quarter net profit to 66.91 million Saudi riyals ($17.8 million) compared with the year-earlier quarter. Operating profit was 3% higher at SR203.92 million. Net loss in the first nine months...


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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