IHS Chemical Week
MARKETS

Schulman sets double-digit sales and earnings growth targets

A. Schulman has announced that it is aiming to grow sales by 10-11%/year through 2018, to $3.6-$3.7 billion. The company is also aiming to grow adjusted earnings by an average of 19-20%/year through 2018, to $4.50-$4.75/share, and adjusted Ebitda by...

Sensient, FrontFour trade volleys in advance of shareholder meeting

Dissident hedge fund FrontFour Capital (Greenwich, CT) today released a new letter to Sensient shareholders accusing the company of governance shortfalls and of a failure to disclose aspects of the proxy fight to shareholders. The letter notes that Sensient...


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Basic Chemicals

Indian Farmers Fertiliser Co. advances $1.6-billion Quebec urea complex

Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the company to move forward with the proposed fertilizer plant at...

Petrochemicals

Shintech seeks permit for Louisiana ethylene plant

Shintech, the US subsidiary of Shin-Etsu Chemical (Tokyo), has applied to the Louisiana Department of Environment Quality for a permit to build a 500,000-m.t./year ethylene plant. The company says it has not chosen a site, but a leading candidate will be land already owned by Shintech....

Inorganic Chemicals

Incitec Pivot to Offtake Entire Urea Output From Perdaman Project

Incitec Pivot (Melbourne), a leading global nitrogen-based chemicals producer, has signed an agreement with Perdaman Chemicals and Fertilizers (Perth, Australia) to offtake the entire output of urea from Perdaman's previously announced Collie urea plant in...

Plastics

Borealis expands XLPE capacity to meet cable and wire demand

Borealis will expand its crosslinked polyethylene (XLPE) production facilities at Stenungsund, Sweden, and as part of the ongoing Borouge 3 project in Abu Dhabi, the company has announced. The expansion is expected to help Borealis meet demand for polyolefin...

Specialty Chemicals

Sri Lankan company to establish textile chemical plant

Sri Lanka's Board of Investment (BOI; Colombo) has signed an agreement with S&D Associates (Colombo), to establish a textile chemical plant under the name S&D Chemicals, the Sri Lankan government's official news site says. The plant is to be located...

Fine Chemicals/Biotech

Syngenta's first-quarter sales up 2%, to $4.7 billion

Syngenta had $4.7 billion in sales during the first quarter, according to the company's latest trading statement, released today. The figure represents a 2% increase from the same quarter the year before. The company has not disclosed Ebitda or net income...

Industrial Gases

Linde to Acquire Sri Lankan Gases Firm

Linde says it has offered to acquire all the shares in privately-held Ceylon Oxygen (Colombo, Sri Lanka), and that the offer has been accepted by the major shareholder, Europium, in respect of 95.4% of the shares in Ceylon Oxygen. Ceylon Oxygen, which was...











 
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