IHS Chemical Week
EUROPE

UK chemical road tanker firm changes hands

7:35 AM MDT | September 1, 2014 | Ian Young

Bulk logistics and transportation company Suttons Group (Widnes, UK) says it has acquired bulk chemical road transport company Imperial Tankers (Stockton-on-Tees, UK) from Hargreaves Services (Durham, UK). Hargreaves says that the cash transaction is valued...


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Borealis completes buyout of DuPont's stake in Speciality Polymers Antwerp

Borealis says it has completed the previously announced acquisition of DuPont's 67% stake in the companies' Speciality Polymers Antwerp joint venture. The deal makes Borealis 100% owner of Speciality Polymers Antwerp. Speciality Polymers Antwerp was a 67-33...

Evonik sells remaining stake in energy group Steag

Evonik Industries today said that it has signed a contract with Rhine-Ruhr, a group of several municipal utility companies in Germany’s Ruhr region, to divest its remaining 49% stake in Steag (Essen), an energy company, for €570 million ($751.4...

AkzoNobel simplifies structure of performance coatings business

AkzoNobel has announced plans to simplify the structure of its performance coatings business. The new structure, which will become fully operational in January 2015, will reduce the number of global management layers. The business will be managed through...

PTT Global Chemical raises stake in Vencorex PU JV with Perstorp

PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest petrochemicals producer, has confirmed CW’s exclusive report that it is raising the stake in Vencorex, its polyurethanes (PU) joint venture with Perstorp (Perstorp, Sweden). PTTGC announced...

Uralkali reports lower profits on higher sales as potash markets stabilize

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...

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...

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