IHS Chemical Week
PEOPLE & BUSINESS

Bayer to float Bayer MaterialScience on the stock exchange as an independent company

Bayer today announced plans to separate Bayer MaterialScience (BMS), its polyurethanes and polycarbonates unit, and float it on the stock exchange as an independent company within the next 12-18 months. The move was decided by the Bayer managing board on 2...

Arkema offers to acquire Total’s adhesives subsidiary Bostik for €1.74 billion

Total says it has received an offer from Arkema to acquire Total’s wholly owned adhesives subsidiary, Bostik (Paris). Arkema’s offer values Bostik at €1.74 billion ($2.24 billion), representing 11 times the company’s Ebitda. Bostik is...


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People/Executives

Borealis appoints new CFO

Mark Tonkens. Borealis (Vienna) says it has appointed Mark Tonkens as CFO and member of the executive board, effective 1 November. He succeeds Daniel Shook, who has decided to pursue career opportunities outside Borealis. Tonkens joined Borealis in 2009 and...

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

Velocys' commercial GTL plant in Oklahoma to go ahead

Velocys (Oxford, UK), a technology innovator for smaller scale gas-to-liquids (GTL), has made the final investment decision and will proceed with construction of a commercial GTL plant using its technology at the East Oak landfill site in Oklahoma, the...

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

Investment firm CIS Acquisition to acquire China's Delta Technology Holdings

CIS Acquisition (Moscow), a publicly traded investment vehicle, says it is acquiring a majority stake in Delta Technology Holdings (Hong Kong), a fine and specialty chemicals maker with assets in China, in an all-stock deal. CIS will issue 4.56 million shares...

Reach

ECHA consults on recommendation that 22 substances be added to Reach authorization list

The European Chemicals Agency (ECHA; Helsinki) says it has launched a public consultation on its earlier recommendation that 22 substances be added to the list of substances subject to authorization under the European Union's Regulation, Evaluation...











 
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