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Petrochemicals Malaysia restarts high impact polystyrene plant

10:29 AM MST | February 27, 2015 | Clement Choo

Petrochemicals Malaysia restarted its polystyrene (PS) plant at Pasir Gudang, Johor, on 21 January after completing a prolonged shutdown maintenance program which began in early January, a company spokesman confirmed today. The plant, which can...


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Cefic: EU chemical growth "stagnant in 2014"

Chemical output in European rose by a paltry 0.3% in 2014, compared with the previous year, according to the latest Cefic Chemicals Trends Report. European chemical sales clawed back to peak levels achieved in 2008, but were 5.3% below the peak level...

Sika reports record year 2014, sales grow 8% to $5.9 billion, Ebit leaps 21%

Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting currency, compared with the previous year. Sales reached record levels in...

BASF reports higher earnings on flat sales, will reduce capital expenditure this year

BASF today reported fourth-quarter sales of €18.0 billion ($20.2 billion) almost matching the previous year’s level of €18.1 billion. Earnings before interest and tax (Ebit) was 2.8% higher at €1.5 billion. The company reported...

IFF expands flavors facility in South Africa

International Flavors & Fragrances (IFF), a creator of flavors and fragrances for consumer products, says that it has expanded its flavors facility at Isando, South Africa. The new facility includes flavor creation, application and sensory laboratories...

Ecolab appoints new board member

Ecolab says that its board of directors has appointed Tracy McKibben to the Ecolab board. McKibben is founder and president of MAC Energy Advisors, a consulting company that assists clients on alternative energy and clean technology investments, and strategic...

Some US east coast refineries restart after cold weather

Market sources say that units at multiple US east coast refineries have restarted after operational issues this week and late last week due to cold regional temperatures.   Philadelphia Energy Solutions' (PES) refinery at Philadelphia had a crude unit...

Ecolab earnings match estimates on higher sales

Ecolab today reported fourth-quarter net income up 17% year-on-year (YOY), to $335.5 million, on net sales up 3%, to $3.68 billion. Adjusted earnings totaled $1.20/share, matching analysts’ consensus estimate, as reported by Thomson Reuters (New York)...

JSR Corp. acquires contract manufacturing group KBI Biopharma

JSR Corp. along with CMIC Holdings Co. (Tokyo) and Innovation Network Corporation of Japan (INCJ), announced today that they have agreed to acquire KBI Biopharma, a biopharmaceutical contract development and manufacturing organization with facilities at...

Mexichem's net loss widens despite higher sales

Mexichem (Tlalnepantla, Mexico) today reported a $27-million net loss for the fourth quarter of 2014 compared with a net loss of $8 million in the corresponding quarter of 2013, despite higher sales. The loss is mainly explained by lower operating income...

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