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Uralkali reports lower profits on higher sales as potash markets stabilize

6:04 AM MDT | August 28, 2014 | Natasha Alperowicz

Uralkali (Berezniki, Russia), a leading global producer of potash, today reported a 7% drop in net profit in the first six months of the year to $370 million on 7% higher revenue of $1.73 billion. Ebitda was down 12% year-on-year (YOY) to $767 million and...


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Tessenderlo swings to profit during first half

Tessenderlo Group reports a net profit of €27.7 million ($36.5 million) for the first half of the year compared with a €35.1-million net loss in the first half of 2013, according to the latest company results, released today. Tessenderlo says it...

Russian rail firm provides PE transport services to pipe plant

Russian Railways Logistics (RRL; Moscow), a subsidiary of RZD Holding (Moscow), has established a cooperation agreement with Chelyabinsk Pipe-Rolling Plant (Chelpipe; Moscow) covering the delivery of imported polyethylene (PE) to the plant, RRL says. RRL...

Turkmengas breaks ground on gas-to-gasoline plant based on novel technology

Haldor Topsoe is providing its novel Topsoe Improved Gasoline Synthesis (Tigas) technology to Turkmengas (Ashgabad) for a natural gas-to-gasoline plant being constructed at Ovadan-Depe, Turkmenistan. The plant will have capacity for 15,500 bbl/day of...

Siegfried reports a slight increase in profits

Siegfried (Zofingen, Switzerland) reports a 1.6% rise in net profits for the first six months of 2014 compared with the year-ago period, to 18.8 million Swiss francs ($20.5 million). First-half sales decreased 16%, however, to SF165.1 million. Fluctuations in...

Chinese engineering firm awarded PVC plant contract in Uzbekistan

China CAMS Engineering, (Beijing), a subsidiary of China National Machinery Industry Corp., has been awarded a contract to build a petrochemical complex for Navoiazot (Navoi, Uzbekistan). Navoiazot forms part of Uzkimyosanoat (Tashkent, Uzbekistan). The...

Duo UK to produce mailing bags using Braskem's Green PE

Resin Trade (Burton on Trent, UK), a polymer distribution company, has selected polyethylene (PE) bag manufacturer Duo UK to be the first UK-based company to produce mailing bags using Green PE, made entirely from sugarcane ethanol. Green PE has been...

Clariant plant in Germany gains RSPO certification

Clariant’s industrial and consumer specialties plant at Gendorf, Germany, has been granted mass balance certification from the Roundtable for Sustainable Palm Oil (RSPO; London), permitting mass balance analysis and sourcing of the plant’s palm...

PhosAgro results benefit from strong global fertilizer demand

PhosAgro (Moscow), a fertilizer major, today reported net profit increased 70% in the first six months of the year, to 8.1 billion Russian rubles ($231 million), on 6% higher sales of R56.7 billion. Ebitda was 17% higher, at R16.2 billion, and Ebitda margin...

Lenzing reports lower sales and earnings, speeds up savings plan

Lenzing today reported Ebitda declined 29%, to €91.1 million ($121.9 million), in the first six months of 2014 on 9.1% lower sales of €900.0 million. Ebitda margin declined from 13.7% in the first half of last year to 10.2%. Ebit more than halved...

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