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EUROPE

Isochem sells Hungary subsidiary to US fine chemical firm

2:15 PM MDT | August 1, 2014 | Ian Young

Custom synthesis firm Isochem (Paris) says it has sold its Framochem (Kazincbarcika, Hungary) subsidiary and its German sales office Isochem Deutschland to fine chemicals company VanDeMark Chemical (Lockport, NY). Financial terms of the transaction have not...


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Ineos, Doeflex receive European Commission approval to combine their PVC compounding businesses

Ineos's compounds subsidiary and Doeflex Compounding (Swindon, UK) have received unconditional clearance from the European Commission to combine the companies' polyvinyl chloride (PVC) compounding businesses, the companies announced today. The completion of...

WeylChem appoints Kemira's executive as president

WeylChem (Frankfurt), part of International Chemicals Investors Group, has appointed Frank Wegener as president. Wegener is currently president of Kemira’s municipal & industrial segment and has responsibility for Europe, the Mideast, and Africa. He...

Borealis to divest Biosuper business in France

Borealis is divesting its Biosuper business in France, the company announced today. The Biosuper brand, a phosphate-based dryer used in animal stables; and the related production equipment will be transferred to the new owner, Eliard SPCP (Pontivy, France)...

Wacker raises sales and earnings, confirms forecast upgrade

Wacker today reported a near doubling in second-quarter net profit and a major increase in sales in all its business segments. Net income rose 94.7%, to €29.4 million ($39.4 million), while sales advanced 8%, to €1.24 billion. Ebitda was 21.9%...

Arkema's net profit falls by more than a half as sales drop; delays sales, earnings targets

Arkema's quarter-two net income fell by 58%, to €47 million ($63 million) from €112 million one year earlier, according to the company's latest results published today. Ebitda amounted to €206 million, down from €273 million in the second...

Westlake closes €490-million Vinnolit acquisition

Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and its subsidiary companies, from private equity firm Advent International...

Solvay reports 2% rise in sales, adjusted Ebit jumps 56%, confirms full-year outlook

Solvay today reported net sales for second-quarter 2014 of €2.64 billion ($3.54 billion), an increase of 2% year-on-year (YOY). Operating profit (adjusted Ebit) was €291 million, up 56% YOY. Adjusted net income was (€331 million), compared with...

Air Liquide's quarter-two revenue down 2.4%

Air Liquide reported €3.77 billion in revenues during the second quarter, down 2.4% year-on-year (YOY), according to the company's results published today. The figures exclude foreign exchange, cost of natural gas, and significant M&A impacts...

Versalis's losses widen, sales and production decline

Versalis (Milan), the chemicals arm of Italy’s energy major ENI (Rome), today reported widening operating and net losses and a decline in revenues and production. The company, which is undergoing a major transformation, reported an adjusted...

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