IHS Chemical Week
VIEWPOINT

No crude awakening

6:25 AM MDT | October 24, 2014

While a sharp drop in crude oil prices has increased near-term volatility, severe inventory destocking does not seem at hand....


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Billion-Dollar Club

CW’s Billion-Dollar Club, compiled by Lindsay Frost, underscores how industry’s landscape continues to change....

CW turns 100

Weekly Drug Markets, forerunner to IHS Chemical Week, was born in September 1914 at the onset of World War I out of the need for prompt, reliable market intelligence as traditional drug and chemical supply lines and global commerce were disrupted...

Staying alive

Our cover features this week profile the European petrochemical sector as producers prepare for the European Petrochemical Association meeting at Vienna on 4–8 October....

China continues growing

China continues to drive demand growth in the worldwide chemical industry despite moderating GDP (p. 21). China’s chemical demand is still growing at a double-digit rate, pushing chemical companies inside and outside China to strive to capture that growth with more investments in the country....

Canada outlook warms up

Our cover story this week assesses conditions in Canada, finding that producers up north have outperformed cautious expectations so far in 2014....

Change in the Air

Early indications from the new Air Products CEO, Seifi Ghasemi, are that he will attempt to turn the company around by improving basic blocking and tackling rather radically changing course (p. 13). Ghasemi promises a detailed look at strategy by...

The price for growth

Albemarle’s $6.2-billion offer for Rockwood underscores the cost of building or maintaining a high-margin growth franchise in specialty chemicals (p. 7). Albemarle says the price represents an 11.3-times multiple of Rockwood’s pro forma 2014 enterprise value to Ebitda, adjusted to include expected cost savings of $100 million. J.P.Morgan estimates that, exclusive of synergies, Albemarle is paying a rich 15.5-times multiple of 2015 enterprise value-to-Ebitda for Rockwood....

Extending Care

Our cover story this week looks at ACC’s Responsible Care program, which celebrates its 26th anniversary this year ( p. 19). Recent updates have focused on product safety and process safety as industry extends its outreach across the supply chain to counteract questions and challenges that today come more frequently from retailers, brand owners, and nongovernmental organizations (NGOs) than from regulators....

Next for Air Products

Air Products welcomes chairman and CEO Seifi Ghasemi this week in a management change spurred by activist hedge fund Pershing Square, its largest shareholder (p. 7)....

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