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EUROPE

EU conditionally approves GSK-Novartis deals

12:07 PM MST | January 29, 2015 | Natasha Alperowicz

The European Commission said on Wednesday that it has cleared both GlaxoSmithKline's (GSK) proposed acquisition of Novartis's vaccines business and the proposed creation of an entity combining the consumer health activities of GSK and Novartis. The...


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Stolt-Nielsen posts fourth-quarter profit decline, lower fuel costs to boost earnings this year

Stolt-Nielsen says its fourth-quarter 2014 net profit attributable to shareholders plunged to $13 million from $35 million in the corresponding quarter of 2013, on revenue of $532 million, up year-on-year (YOY) from $524 million. Stolt says that, excluding...

SGL Carbon expects 'substantial net loss' of about $284 million for 2014

SGL Carbon (Wiesbaden, Germany) has announced preliminary results for fiscal 2014, describing the year as “challenging.” Group Ebit “declined substantially” year-on-year, but the company also says that preliminary results indicate that...

Lanxess's earnings for fiscal 2014 to exceed expectations

Lanxess expects Ebitda pre-exceptionals to be higher than previously anticipated for fourth-quarter and fiscal 2014, the company says in a preliminary results announcement. Ebitda pre-exceptionals for fiscal 2014 is expected to increase to around €808.0...

BASF opens production and competence center for flooring and waterproofing systems in Germany

BASF says that its previously announced, new European competence center for flooring and waterproofing systems at Oldenburg, Germany, has been fully operational since earlier this month. The manufacture of the Master Builders Solutions products has been...

Givaudan reports solid performance in 2014

Flavors and fragrances firm Givaudan today said it performed solidly in 2014 in a challenging environment. Net income rose 15%, to 563.0 million Swiss francs ($617.0 million), in 2014 on sales 3.7% higher, at SF4.4 billion. Sales in the developing markets...

Wacker lifts fourth-quarter, full-year sales and earnings on strong demand and prices

Wacker Chemie announced today that its fourth-quarter Ebitda rose by 14%, to €180.0 million ($203.2 million), compared with the year before. Sales advanced by almost 10%, to €1.19 billion. Vigorous customer demand lifted sales...

Umicore’s API business appoints sales partner for North America

Umicore (Brussels) says that its precious metals chemistry business unit has appointed a subsidiary of Midas Pharma (Ingelheim, Germany) at Parsippany, NJ, as the exclusive sales agent for Umicore's active pharmaceutical ingredients (API) business in Canada...

Evonik invests in nanophotonics company in Finland

Evonik Industries says that it has invested in Nanocomp (Lehmo, Finland) and now holds a minority stake in the company. Nanocomp is a privately held company established in 1997 and focuses on manufacturing micro- and nanophotonic products for consumer...

Offers from Europe, US weigh on Asia's styrene markets

Styrene cargoes have been offered from overseas into Asia at more competitive prices than cargoes of Asian product, although concerns over transit time, forward pricing risk, and credit for certain market players are at times leading to differing bids and...

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