IHS Chemical Week
PLASTICS

OpenGate Capital completes acquisition of PVC film manufacturer Alfatherm

June 30, 2016 | Deepti Ramesh

Private equity firm OpenGate Capital (Los Angeles, California) says that it has completed the previously announced acquisition of Alfatherm S.p.A. (Varese, Italy), a manufacturer of rigid, semirigid, and flexible polyvinyl chloride (PVC) film. OpenGate...

Asahi Glass changes name of its PVC subsidiary in Vietnam

June 30, 2016 | Deepti Ramesh

Asahi Glass Co. Ltd. (Tokyo) says that it has changed the name of its subsidiary Phu My Plastics & Chemicals Co. Ltd. (PMPC), located in the Cai Mep industrial zone in Ba Ria-Vung Tau Province, Vietnam, to AGC Chemicals Vietnam Co. Ltd., effective 23...

Exclusive: Covestro CEO optimistic as Bayer prepares to sell rest of its stake

June 27, 2016 | Natasha Alperowicz in Cologne

Covestro (Leverkusen), formerly Bayer MaterialScience, is embarking on a new chapter following its listing on the Frankfurt Stock Exchange last October. Bayer, which still owns a 65% share in Covestro, will reduce that to zero in the next 12–24 months...

Rosneft signs petchem deals with ChemChina, Sinopec

June 27, 2016 | Natasha Alperowicz

Rosneft (Moscow), Russia’s largest oil company, has signed separate deals with China National Chemical Corp. (ChemChina) and China Petrochemical Corp. (Sinopec) on the construction of two petrochemical projects in Russia. The deals were announced on 25...

Covestro to double MDI capacity at German site

June 23, 2016 | Natasha Alperowicz

Covestro (Leverkusen) announced today that its board had approved an expansion project at Brunsbüttel, Germany, that forms part of the "repurposing of its operations" at the site. The company plans to convert an idled toluene diisocyanate (TDI)...

Derivative woes may mean a continuation of Europe's spot styrene slump

June 23, 2016 | David Potter

Styrene spot prices have been falling heavily in Europe since the start of June as the European market has adjusted to returning supply and increased imports into the region from the United States. Further price falls may be still to come as the outlook for...

Braskem Idesa inaugurates Ethylene XXI complex, targeting Mexican market

June 22, 2016 | Francinia Protti-Alvarez in Nanchital

Braskem Idesa, the 75-25 joint venture of Braskem and Idesa (Mexico City), have inaugurated the Ethylene XXI complex at Nanchital, part of the Coatzacoalcos petrochemical hub in the southern Mexican state of Veracruz. The $5.2-billion dollar project took some five years to complete....

TCI Sanmar to double PVC capacity in Egypt, awards contract to Jacobs

June 21, 2016 | Natasha Alperowicz

TCI Sanmar Chemicals (Port Said, Egypt), a subsidiary of the Sanmar Group (Chennai, India), has awarded a contract to Jacobs to provide detailed engineering and procurement assistance to for its polyvinyl chloride (PVC) 2 plant expansion project at Port Said...

Sibur ships heavy equipment for ZapSibNeftekhim ethylene plant

June 21, 2016 | Natasha Alperowicz

Sibur (Moscow) said on Tuesday that the first delivery of heavy equipment items for its ZapSibNeftekhim ethylene project at Tobolsk, Russia, has been dispatched from the Ulsan port in South Korea. The shipment includes five columns, including two C3...

OpenGate Capital to acquire Italy-based PVC film manufacturer Alfatherm

June 20, 2016 | Deepti Ramesh

Private equity firm OpenGate Capital (Los Angeles) says that it has agreed with Emerald and PM & Partners, the shareholders and  debt holders for the acquisition of Alfatherm (Varese, Italy), a manufacturer of rigid, semirigid, and flexible polyvinyl...

Ethylene XXI project to bolster Braskem's international strategy

June 20, 2016 | Francinia Protti-Alvarez in Mexico City

Braskem Idesa, the 75-25 joint venture of Braskem and Idesa (Mexico City), will officially inaugurate Ethylene XXI, its petrochemical complex at Nanchital, Mexico this week....

Unipetrol awards contract to Talke for HDPE logistics facility

June 20, 2016 | Ian Young

Unipetrol (Prague) has awarded Talke (Hürth, Germany) an engineering and construction contract for a logistics facility at Unipetrol's Litvínov, Czech Republic, complex. The contract is worth 700 million koruny, and the faciity is scheduled to be...

Tecnimont, Saipem sign fertilizer, petchem, LNG deals at St. Petersburg forum

June 20, 2016 | Natasha Alperowicz

Maire Tecnimont (Rome), an engineering and construction (E&C) firm, has signed several deals to build chemical plants in Russia and CIS. The signing ceremony took place at the recently held  St. Petersburg International Economic Forum. Tecnimont...

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