IHS Chemical Week

The latest chemical industry news

CEO of Total killed in plane crash at Moscow airport

7:58 AM MDT | October 21, 2014 | Natasha Alperowicz

Christophe de Margerie, 63 and CEO of energy major Total, was killed at Moscow’s Vnukovo international airport last night when a business jet collided with a snow plow during takeoff. De Margerie was the only passenger in the Falcon 50 business jet...

AkzoNobel reports higher earnings, lower sales in challenging conditions

11:56 AM MDT | October 21, 2014 | Natasha Alperowicz

AkzoNobel today reported a 32% rise in third-quarter net income, to €205.0 million ($262.9 million), on 2% lower sales of €3.69 billion. Ebitda was 7% higher, at €487.0 million, and operating income advanced 11%, to €335 million.  ...


European Commission investigates DuPont and Honeywell refrigerant collaboration

ICL to cut investments, close plants as final Sheshinski report would impose the world's highest tax

Israeli firm to acquire Invista’s nylon plant in Brazil

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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>>

Americas

Chemtura appoints head of Great Lakes Solutions business

12:09 AM MDT | October 21, 2014 | Deepti Ramesh

Chemtura says that Simon Medley now leads the company’s Great Lakes Solutions business in addition to his current role as head of the industrial performance products segment. In his expanded role, Medley has been promoted to executive v.p./industrial...

Europe

Germany's EID warns over higher costs resulting from unilateral EU climate goals

4:15 AM MDT | October 21, 2014 | Michael Ravenscroft

Germany’s energy-intensive industries association (BID; Berlin) has warned over higher burdens for industry as a result of unilateral, challenging climate protection goals. Utz Tillmann, an EID spokesperson and managing director, Germany’s...

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...

Asia/Pacific

Sumitomo Chemical upgrades forecast

4:13 AM MDT | October 21, 2014 | Natasha Alperowicz

Sumitomo Chemical announced today that it has revised its consolidated financial forecast for the half-year, ending 30 September, compared with what it had announced on 12 May. The upward revision is due to higher petrochemical, plastics, and basic chemicals...

Mideast/Africa

Sipchem's third-quarter profits slide

4:30 AM MDT | October 21, 2014 | Natasha Alperowicz

Sipchem today reported a 13% decrease in third-quarter net profit to 160.6 million Saudi riyals ($42.8 million) and a 15% drop in operating profit to SR270.0 million. Sales were not disclosed. The company cites lower sales due to unplanned maintenance...

Viewpoint

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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