IHS Chemical Week

The latest chemical industry news

Celanese beats estimates but guides 2015 lower

9:40 AM MST | January 23, 2015 | Clay Boswell

Celanese (Dallas, TX) reports a net loss for the fourth quarter of $85 million, down from $654 million in the year-ago period. Net sales totaled $1.6 billion, down 3.5% year-over-year (YOY). Adjusted earnings per share totaled $1.28, up 23% YOY and 9 cents above the analysts’ consensus of $1.19 compiled by Thomson Reuters (New York)....

Prompt export demand pushes styrene prices up in Europe

12:01 PM MST | January 23, 2015 | Victoria Dimmock

Europe's styrene market has made steady gains through this week on the back of renewed buying interest for prompt material as traders moved to put together cargoes for export. Trading interest in Europe has been matched by a similar desire in the US market to...


Sibur reviewing plans for large petchems project ZapSibNeftekhim

South Korea's benzene exports to China rise amid crude volatility

Clariant acquires stake in Brazilian health- and personal-care firm Beraca

More Top of the News...


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This week

Fine chemicals:
Stringent regulations prompt return of manufacturing to the West

Pharmaceutical ingredient manufacturers are witnessing a rise in demand, and they remain positive about the near-term outlook for the industry. Increasingly stringent regulations on manufacturing standards, however, are causing some manufacturing to return from Asia to the West...read more>>

Americas

Sigma-Aldrich and VIB form alliance to provide translational research tools

2:23 AM MST | January 23, 2015 | Deepti Ramesh

Sigma-Aldrich’s (St. Louis) research business unit, an industry leader in supporting translational researchers by supplying the products, services, and solutions needed to enable scientific discoveries, has formed an alliance with VIB (Ghent, Belgium)...

Europe

UK plastics industry warns that biodegradable carrier bag levy exemption will hurt recycling, jobs

3:54 AM MST | January 23, 2015 | Natasha Alperowicz

Several sectors of the UK plastics industry today expressed their disappointment that the government is considering to press ahead with plans to potentially exempt biodegradable plastic bags from the single-use carrier bag levy. Such mixed messages implying...

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

FDA issues import alert against Ipca API plant

3:52 AM MST | January 23, 2015 | Deepti Ramesh

FDA, on 22 January, issued an import alert for an active pharmaceutical ingredient (API) manufacturing facility of Ipca Laboratories (Mumbai), located at Ratlam, India. An import alert allows FDA to detain, without physically examining, products that either...

Mideast/Africa

Satorp reports large quarterly and annual losses

2:09 AM MST | January 22, 2015 | Natasha Alperowicz

Saudi Aramco Total Refining & Petrochemical (Satorp), a joint venture in which Aramco holds 62.5% and Total the balance, has announced an increase in quarterly and annual net losses. Net loss in the fourth quarter was 71.37 million Saudi riyals ($19.0...

Viewpoint

Quarterly call

4:25 PM MST | January 22, 2015

The 2015 outlook should become clearer over the next two weeks as the majority of US chemical makers report fourth-quarter earnings and outline expectations for the year ahead....











 
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