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Frutarom acquires remaining shares in Slovenia-based firm Vitiva

2:30 AM MDT | April 27, 2015 | Deepti Ramesh

Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired the remaining shares in Vitiva (Markovci, Slovenia), and Frutarom now holds Vitiva's entire share capital. Vitiva specializes in the R&D, production, and...


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Solvay builds silica plant in South Korea

Solvay says that it has today broken ground on a facility that will produce highly dispersible silica (HDS), at Gunsan, South Korea. The new 80,000-m.t./year HDS plant is expected to become operational within two years. Solvay's silica business unit will...

Zeon to expand production capacity for thermoplastic elastomers

Zeon Corp. (Tokyo) says that it will expand production capacity at its Mizushima, Japan site for thermoplastic elastomers sold under the brand Quintac, which is used mainly as a raw material for adhesives. Capacity will be increased from 42,000 m.t./year to...

Sipchem restarts carbon monoxide and acetic acid complex

Saudi International Petrochemical Co. (Sipchem) said today that following a turnaround at the company’s carbon monoxide (CO) and acetic acid plants at Al Jubail, Saudi Arabia announced on 26 March 2015, the facilities started operations on Sunday. The...

Ineos confirms award of HDPE technology contract in Azerbaijan

Ineos Technologies has confirmed that it has licensed its Innovene S process technology for the manufacture of medium-density and high-density polyethylene (HDPE) to Socar Polymer for its HDPE project in the chemical industrial park located at Sumgayit...

Tasnee awards titanium sponge plant contract to CTCI and Chiyoda

National Industrialization Co. (Tasnee) said today that it has awarded an engineering, procurement and construction contract for a previously announced titanium sponge plant to CTCI (Taipei) and Chiyoda Corp. The titanium sponge plant is being built for...

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

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...

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...

LyondellBasell beats estimates with 23% YOY increase in net income

LyondellBasell reports first-quarter net income of $1.164 billion, up 23% year-over-year (YOY) from $944 million as increased volumes and margins offset price declines. Sales totaled $8.185 billion, down 26% from $11.135 billion. Earnings of $2.41/share beat the consensus estimate of $2.12/share as compiled by Thomson Reuters (New York)....

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...

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