IHS Chemical Week
PEOPLE & BUSINESS

PPG to acquire automotive materials supplier

PPG Industries says it has entered into exclusive negotiations to acquire Revocoat (Saint-Just-en-Chaussée, France), a maker of sealants, adhesives, and dampers for the automotive sector, from Axson Group (Chassieu, France), a polymers formulator...

BASF, Gazprom abandon energy asset swap

BASF and Gazprom (Moscow) have abandoned plans for an energy asset swap that had been due for completion at the end of this year. Wintershall (Kassel, Germany), a BASF subsidiary,  was due to transfer its 50% stake in a natural gas trading and storage...


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People/Executives

Sabic appoints chemicals executive to CFO

Yousef Al Benyan  Sabic, the Mideast’s largest chemicals player and one of the global leading producers, has appointed Yousef Al Benyan as its new CFO, CW has learned. Sources tell CW that Al Benyan will be executive v.p./finance as of 11 January...

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

Virent demonstrates renewable aromatics production

Virent (Madison, WI) announced today that it has successfully produced para-xylene, toluene, and benzene from renewable resources at demonstration scale.  The company confirms that all three chemicals meet typical industry specifications.  Virent...

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

Ecolab to acquire Clariant’s water treatment business in Latin America

Clariant says that it has signed an agreement to divest its water treatment business operating in Argentina, Brazil, and Colombia to Ecolab. Financial details of the deal have not been disclosed. Clariant's water treatment business in Latin America...

Reach

ECHA adds six substances to SVHC list

Six substances have been added to the candidate list of substances of very high concern (SVHC), under the European Union’s Registration, Evaluation, Authorisation, and Restriction of Chemicals (Reach) regulation, the European Chemicals Agency (ECHA...











 
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