IHS Chemical Week

The latest chemical industry news

Enterprise to build ethane export terminal on Texas Gulf Coast

4:26 PM MDT | April 22, 2014 | Clay Boswell

Enterprise Products Partners (Enterprise; Houston) is building a fully refrigerated ethane export terminal on the Texas Gulf Coast, the company announced on 22 April. Enterprise expects the facility, which will be able to load up to 240,000 bbl of ethane per day, to begin operations in the third quarter of 2016....

ICL to invest in major expansion of polyhalite potash capacity in the UK

3:08 AM MDT | April 23, 2014 | Natasha Alperowicz

Israel Chemicals (ICL; Tel Aviv) said today that its ICL Fertilizers’ subsidiary, Cleveland Potash will expand its polyhalite mining capacity at its Boulby mine in the northeast of the United Kingdom. ICL markets under the polysulfate name. This follows...


Kemira reports lower sales and earnings, starts up coagulants plant in Spain

Permira to acquire fine chemicals producer CABB Group from Bridgepoint

Glaxo and Novartis announce major three-part business transaction

More Top of the News...

This week

Managing specialties:
Back in the US of A

While the primary beneficiaries of shale gas have been North American commodity chemical producers, specialties makers, too, hope for cheaper raw materials and a lift for US industrial production because of cheap energy costs. Growth in automotive and construction and rising costs in high-growth economies are also making North America more competitive...read more>>

Americas

Cytec beats estimates on solid volumes

3:41 PM MDT | April 22, 2014 | Vincent Valk

Cytec today reported first-quarter earnings up 57% year-on-year (YOY), to $55.9 million, or $1.52/share, on sales up 2.5%, to $489 million. Adjusted earnings totaled $1.42/share, beating analysts’ consensus estimate of $1.33/share, as reported by...

Europe

ThyssenKrupp to supply fertilizer plant to Hungary

7:09 AM MDT | April 22, 2014 | Natasha Alperowicz

ThyssenKrupp's industrial solutions segment announced today that it has been awarded a fertilizer plant contract by Nitrogénmüvek, a Hungarian producer of fertilizers. The contractor will deliver a granulation plant with a capacity of 1,550...

news round-up

Chemical industry weekly news roundup, 11 April

Several companies reported first quarter earnings this week as the season begins. Givaudan (Geneva) recorded sales of 1.09 billion Swiss francs ($1.24 billion). The results are down 0.2% in Swiss franc terms compared with figures reported in the first quarter of last year. Leading potash producer Uralkali (Berezniki, Russia) says its 2013 net profit dropped 58%...

Asia/Pacific

Invista opens carpet technology research and testing laboratory in China

12:02 AM MDT | April 23, 2014 | Deepti Ramesh

Invista says it has launched a new carpet technology R&D and end-use testing laboratory at its plant in Shanghai's Qingpu district. The new facility is a first for the Invista surfaces business in Asia/Pacific, specializing in end-use application and...

Mideast/Africa

Sabic's first-quarter profit declines, shortage of gas is major constraint on growth

3:06 PM MDT | April 21, 2014 | Natasha Alperowicz

Sabic on Sunday reported a drop in first quarter earnings and said that a shortage of natural gas was limiting its domestic growth. Net profit was down 1.8% to 6.44 billion Saudi riyals ($1.72 billion) compared with the year-earlier period. CFO Mutlaq Al...

Viewpoint

Europe picks up slack

4:01 PM MDT | April 17, 2014

The first batch of US first-quarter earnings reports has been solid, since industrial production continues to accelerate despite weaker growth in emerging markets and weather-related impacts in the United States (p. 9). Some of the more encouraging signs are now coming from Europe....











 
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