IHS Chemical Week
PEOPLE & BUSINESS

Potash West acquires stake in battery-grade lithium carbonate process

Potash West (PWN; Belmont, Australia), an exploration company focused on developing greensand deposits in Western Australia’s Perth basin, has acquired a 25% stake in a new company to be formed with Strategic Metallurgy (SM) to license SM’s new...

Oxiteno Ebitda drops in fourth quarter

Oxiteno, the chemicals business of Ultrapar (São Paulo), posted a 98 million reais ($34 million) Ebitda during the last quarter of 2014 down 9% year-on-year (YOY), according to Ultrapar's latest results. The drop was mainly due to the reduction in the...


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People/Executives

Ecolab appoints new board member

Ecolab says that its board of directors has appointed Tracy McKibben to the Ecolab board. McKibben is founder and president of MAC Energy Advisors, a consulting company that assists clients on alternative energy and clean technology investments, and strategic...

Companies

Sipchem Misses Earnings Estimates on Lower Revenues

The Saudi International Petrochemical Co. (Sipchem) reported third quarter net profit of SR84.1 million ($22.4 million), a 54% increase on the third quarter of 2009. The result was lower than consensus estimate of SR128 million and that of Sico Research...

Emerging Companies

Evogene expands agchem-discovery capabilities

Israeli crop genomics firm Evogene (Rehovot) has expanded its capabilities for the discovery of novel agricultural chemicals, with the initial application focused on novel herbicides. The newly launched technology includes a new chemical-discovery...

Earnings/Finance

Sabic Reports Big Rise in Net Profit on Increased Sales and Higher Prices

Saudi Basic Industries (Sabic) reported a 46% rise in third quarter net profit to SR5.33 billion ($1.42 billion) compared with the same period in 2009. The net result was 6% higher than in the second quarter of this year. The company's gross income in the...

M&A

Bayer reports improved results, will decide on either a spinoff or IPO of MaterialScience

Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects, sales grew by 7.2%.  All subgroups contributed to this increase, the...

Reach

ECHA implements new compliance check strategy for Reach dossiers

The European Chemicals Agency (ECHA; Helsinki) says it has started to implement a new strategy to check compliance of dossiers submitted under the European Union’s Registration, Evaluation, Authorisation, and Restriction of Chemicals (Reach) regulation...











 
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