IHS Chemical Week
PLASTICS

Mexichem cleared to acquire PolyOne's specialty PVC assets, bidding for Solvay's Indupa assets

7:38 AM MDT | May 17, 2013 | Francinia Protti-Alvarez

Mexichem (Tlalneplantla, Mexico) has received clearance from FTC—and its equivalent body in Germany—for Mexichem's acquisition of the polyvinyl chloride (PVC) specialty resins business of PolyOne, the company has announced. PolyOne entered into an...


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MORE PLASTICS

Two of three lines operational at Formosa's fire-damaged HDPE unit

“At this point, it is estimated that the remaining production line will start up by late June,” Ken Mounger, v.p. and general manager/polyolefins, tells customers....

LyondellBasell to close HDPE Unit in Germany

LyondellBasell will shut down a 100,000-m.t./year high-density polyethylene (HDPE) unit in Wesseling, Germany, in the third quarter....

Arkema's first-quarter net income shrinks by 21.1% on mixed economic environment

Arkema's first-quarter adjusted net income contracted by 21.1% from €123 million ($159.7 million) in the first quarter of 2012, to €97 million, the company announced today. Ebitda fell 7.5% to €234 million in the first quarter, from €253...

Report: Stockholm Convention agrees on phaseout of HBCD

The sixth meeting of the Conference of the Parties to the Stockholm Convention has agreed to begin phasing out the use of hexabromocyclododecane (HBCD) in little more than a year, according to a report from Agence France-Presse. HBCD is used in furniture...

Sasol to defend propylene and PP pricing policies before competition tribunal

The Competition Tribunal (Pretoria) is set to hear next week the case brought against Sasol by the Competition Commission (Pretoria), under which Sasol was accused of charging excessive prices for propylene and polypropylene (PP) in the South African market...

Evonik starts basic engineering for silica site in Brazil, continues to expand global silica capacity

Evonik has started basic engineering for a production plant for precipitated silica in Brazil and expects to complete the plant by 2015, subject to approval from respective bodies and authorities, Evonik announced today. The planned facility, located at...

Report: Romania's Oltchim to lay off 25% of its staff

Indebted petrochemical producer Oltchim (Râmnicu Vâlcea, Romania), will lay off a quarter of its staff starting next week, according to reports in the Romanian press. About 600 of the 900 job cuts will take place at the company's main production...

Braskem first-quarter net income up 49%

Braskem's first quarter earnings totaled R$227 million ($113 million), up 49% year-over-year (YOY) from R$152 million, but down 18% sequentially from R$275 million in the fourth quarter of 2012....

Axiall reports first-quarter net income of $45 million, misses estimates

Axiall on Tuesday reported adjusted net income for the quarter totaled $45.1 million, up 63% year-on-year (YOY) from $27.6 million. Adjusted earnings per share were 75 cts/share, down 5% YOY and well short of the average analyst consensus estimate of...

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