IHS Chemical Week

The latest chemical industry news

Givaudan aims to grow outside traditional core to counter possible slowing of emerging markets

12:35 PM MDT | August 28, 2015 | Natasha Alperowicz

Swiss flavors and fragrances manufacturer Givaudan has slightly trimmed its five-year organic sales growth target to 4–5%/year in 2015–20, down from the previous 4.5–5.5%/year target announced in 2010 but still outperforming the global...

Clariant targets North America growth opportunities

10:46 AM MDT | August 28, 2015 | Robert Westervelt in San Francisco

Clariant says it sees strong potential in North America and is targeting above-market revenue growth of 7%/year in the region through 2020. Clariant aims to deliver North American sales of $1.8 billion in 2020, up from $1 billion in 2014. “We are still...


DAK to build 104,000 m.t./year PSF plant in Mississippi

TVK changes name to MOL Petrochemicals

Indian government invites bids for urea project, allocates gas

More Top of the News...

COVER STORY

China:
Opportunities for the chemical industry despite economic slowdown

The Chinese economy is expected to decelerate further in the near future with the government now focused on moderate but sustainable growth. Chemical multinationals report that their revenues from China have fallen or stagnated. But, chemical investments in the country are continuing partly because the Chinese government’s emphasis on areas such as sustainable urbanization and environmental protection, as well as its multiple infrastructure projects, are expected to provide huge business opportunities for chemical companies...
read more>>

Americas

Myriant appoints new CEO

1:25 AM MDT | August 27, 2015 | Deepti Ramesh

Myriant (Quincy, MA), a renewable chemicals company, which is an affiliate of PTT Global Chemical (PTTGC; Bangkok), says that Cenan Ozmeral will retire as Myriant's president and CEO. Dennis McCullough, currently v.p./international business operations at...

Europe

Spot styrene falls sharply in Europe but hefty premium persists for prompt material

10:11 AM MDT | August 28, 2015 | Caroline Fitzgerald

It has been a turbulent couple of weeks for aromatics, taking into account the volatility in energy markets. However, styrene spot prices in Europe have tried to hold their ground, unlike falling feedstocks. There was initially a marginal decline in styrene...

news round-up

Univar floats as Axiall-Lotte cracker plans resurface, June 19

Univar priced an initial public offering of 35 million shares at $22.00 on 18 June, raising $770 million for the company and selling stockholders. Interest from investors was strong, allowing the company to increase the size of the offering by 75%, to 35 million shares, says Univar CEO Erik Fyrwald.

Asia/Pacific

Sinopec Shanghai Petrochemical swings to profit

7:50 AM MDT | August 28, 2015 | Deepti Ramesh

Sinopec Shanghai Petrochemical (Shanghai), a Sinopec subsidiary, reports profits of 1.77 billion renminbi ($277.3 million) in the first half of 2015 compared with a loss of Rmb123.6 million in the year-ago period. First-half net sales decreased 25%, however...

Mideast/Africa

Saipem confirms Al Zour refinery awards

4:27 AM MDT | August 28, 2015 | Natasha Alperowicz

The Kuwait National Petroleum Corp. (KNPC) has given an award notification to Saipem (Milan) for packages four and five of the Al Zour refinery project in Kuwait. Saipem’s share of the award is $1.3 billion. The Al Zour refinery will be designed for...

Viewpoint

China slowdown

5:23 PM MDT | August 27, 2015

Our cover story by Deepti Ramesh features a timely assessment of prospects in China (p. 23). Concern about a slowdown there coupled with dropping energy prices is roiling global capital, resource, and commodity markets (p. 7)....











 
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