IHS Chemical Week

The latest chemical industry news

Lenzing to cut more jobs as viscose fiber prices plunge

7:27 AM MST | November 28, 2014 | Natasha Alperowicz

Lenzing Group, the Austrian man-made cellulosic fibers producer, today announced a further round of job cutbacks in response to plunging prices in the viscose fibers market. The latest measures are in addition to the cost-cutting plan launched by Lenzing a...

Merck KGaA unveils OTC strategy, sparks debate on the sector's future

8:46 AM MST | November 28, 2014 | Natasha Alperowicz

Merck KGaA (Darmstadt), the world’s oldest pharma and chemicals  company celebrating its 350th anniversary in 2018, today hosted a top level debate in London on key future aspects of the over-the-counter (OTC) sector. The event, featuring...

US approves GSK-Novartis vaccines and consumer healthcare deals

Nihon Nohyaku to acquire Hyderabad Chemical

Sibur to commercialize new grades of solution styrene butadiene rubber

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This week

CW’s E&C ranking: Fluor leads as CNCEC, Sinopec, Technip, Saipem follow

CW’s fourth annual survey of engineering and construction (E&C) firms focuses on the hydrocarbon processing and related industries, including petrochemicals, chemicals, and minerals and metals. Total sales in these markets of the companies surveyed grew by 3.0%, to $122.8 billion, in 2013. This rate is a sharp slowdown compared with the previous year, when sales of the companies surveyed grew by 11%...read more>>


Methanex temporarily idles Trinidad facilities

12:07 AM MST | November 28, 2014 | Deepti Ramesh

Methanex says that its Trinidad operations have been temporarily idled due to an interruption in power supply. The facilities have not been receiving electrical power off the national grid since the morning hours of 27 November. Methanex operates two methanol...


Sika opens research center in UK

1:06 AM MST | November 28, 2014 | Deepti Ramesh

The R&D center was opened by Prince Edward Duke of Kent. Sika (Baar, Switzerland) says that it has opened a new research facility at Preston, UK. Construction work on the new research and development center began one year ago on the site of an existing...

news round-up

Chemical industry weekly news roundup, 14 November

Dow Chemical held its investor day this week and made several announcements. The company says it plans to cut its stake in its Kuwaiti petrochemical joint ventures and sell its Angus Chemical subsidiary to private equity firm Golden Gate Partners for $1.2 billion. The company also announced...


Nuplex completes sale of distribution, masterbatch businesses in Australia and New Zealand

12:01 AM MST | November 28, 2014 | Deepti Ramesh

Polymer resins producer Nuplex Industries (Auckland) says that it has completed the sale of its Australia and New Zealand based agency and distribution business and its plastic additives business, to Axieo (Sydney). Axieo is a new company formed with funds...


Orpic to float EPC tender early next year for Liwa plastics project in Oman

5:22 AM MST | November 25, 2014 | Natasha Alperowicz in Dubai

Al Mahruqi: A start of a new era for petrochemicals in Oman. Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) will issue invitations to bid for its $3-4 billion petrochemical project, the Liwa plastics project, in the first quarter of...


Fluor tops E&C ranking

4:18 PM MST | November 20, 2014

Our exclusive ranking of engineering and construction (E&C) companies by CW’s Natasha Alperowicz, now in its fourth year, tracks the sector’s 2013 fortunes (p. 21)....

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