IHS Chemical Week

Kemira improves profitability on lower sales in third-quarter 2014

Kemira (Helsinki) has announced Ebitda of €69.9 million ($89.3 million) in third-quarter 2014, compared with €68.9 million in the corresponding period in 2013, or 1.5% year-on-year (YOY). Ebitda margin was 12.9%, versus 12.4% a year ago. Revenue in...

Yara reports higher sales and earnings buoyed by lower energy costs

Yara International (Oslo), a leading global fertilizer producer, today reported increases in third-quarter earnings and revenues. Net income, after minority interest, rose by 9% to 1.71 billion Norwegian Krone ($259.59 million) on 17% higher revenue and...

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Basic Chemicals

Yara to expand fertilizer capacity in Norway and Finland

Yara International (Oslo) announced today that it will spend 2.25 billion Norwegian Krone ($350 million) to increase fertilizer capacity at its Porsgrunn, Norway site. The investment, will add 50,000 m.t./year compound NPK capacity and 200,000 m.t./year of...


BASF Total's propylene unit back online after catalyst change

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical....

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...


PTA-PET producer Alpek posts lower results on weaker volume, prices

Alpek (Monterrey, Mexico) posted a 17% decline in consolidated Ebitda for the third quarter of 2014 compared with the corresponding period of last year, to $131 million, on sales down 8%, to $1.6 billion. Ebitda and sales were up 4% and 1%, respectively...

Specialty Chemicals

PPG, Henan Billions Chemical open TiO2 manufacturing plant in China

PPG and Henan Billions Chemical (Jiaozuo, China) have opened a titanium dioxide (TiO2) manufacturing and research facility. The 366,000-sq meter facility is scheduled to begin production in the first quarter 2015 and will manufacture 100,000 m.t./year...

Fine Chemicals/Biotech

Pharma/fine chemicals roundup—21 October 2014

AbbVie and Shire terminate $51-billion deal Shire (Dublin) says that its board has agreed with AbbVie (Chicago) to terminate their previously announced agreement for the acquisition of Shire. AbbVie announced in July that it will acquire Shire for £32...

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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