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EUROPE

Air Liquide's sales rise on currency effects, offsetting weaker energy

12:53 PM MDT | April 24, 2015 | Francinia Protti-Alvarez

Air Liquide today reported €3.99 billion ($4.29 billion) in sales for the first quarter, up 7% year-on-year (YOY), benefiting from a positive 7.3% currency impact that was partly offset by a negative 3.6% energy impact. The company has not reported...


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Europe styrene spot prices start to cool, but contract hike expected

Styrene spot prices are starting to cool in Europe with the arrival of long-awaited imports. But the possibility of increased contract prices for May has not yet moved down the agenda because of strength in upstream benzene and ethylene markets. Benzene spot...

Tessenderlo's earnings rise on firm ag markets

Tessenderlo Group (Brussels) says that its recurring Ebitda (Rebitda) increased 21% in the first quarter compared with the corresponding period of last year, to €46 million, on sales up 2%, to €406 million. Favorable market conditions in the...

Kemira announces increases in sales, profit, and margin; maintains outlook for 2015

Kemira (Helsinki) today reported operating Ebitda of €66.4 million ($71.4 million) in first-quarter 2015 compared with €57.5 in the year-ago quarter, an increase of 15% year-on-year (YOY). The Ebitda margin was 12% in the first quarter of this year...

Yara hit by one-off charges despite big improvement in underlying results

Yara International (Oslo) today reported its first-quarter results, with higher deliveries and improved margins reflecting lower gas costs and a stronger US dollar. "Ammonia and finished fertilizer production increased significantly in the quarter...

European Commission authorizes GMOs for food/feed use

The European Commission has today adopted a number of authorizations for the use of genetically modified organisms (GMOs) for food/feed applications. The authorizations include ten that are new, 7 renewals of existing authorizations, and two authorization for...

Sirius receives first planning permission for UK potash project

Potash development company Sirius (London) on Thursday received planning permission from Redcar and Cleveland Borough Council (RCBC) in the United Kingdom to go ahead with its previously announced York potash mine and the associated mineral transport system...

Schulman expands PET masterbatch compounding capacity in Belgium

A. Schulman says that it has expanded its polyethylene terephthalate (PET) compounding capacity by adding a production line at the masterbatch plant at Bornem, Belgium. The added PET product, which is commercialized under the name PolyPet, will significantly...

Borealis begins planned maintenance at phenol-acetone unit in Finland

Borealis began a planned maintenance shutdown today at the company's phenol-acetone unit at Porvoo, Finland, Borealis has confirmed. The turnaround is expected to last until 3 June and, despite building up inventory to cover the period, Borealis has said that...

Prolonged outages continue to tighten Europe's ethylene supply

Europe's ethylene supply has tightened more than anticipated, impacted by a series of unplanned, prolonged outages during what is usually turnaround season. With over 10% of capacity unavailable during March, including Shell Chemicals' steam cracker at...

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