PEOPLE & BUSINESS

BASF to Introduce Part-Time Working at Its Ludwigshafen Complex

The company expects 2,000-3,000 employees will be affected....

Distributor Awards Smart Car at NPRA

Distributor U.S. Chemicals (New Canaan, CT) awarded a Smart Car as part of a drawing at a customer event during the National Petrochemical and Refiners Association...

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People/Executives

CW Webcast: Software Can Aid in Emissions Reporting

Software solutions, such as SAP's greenhouse emissions management tool, can aid in the complex task of emissions reporting, according to speakers at CW's recent webcast, Mananging Greenhouse Gas Emissions. Nova Chemicals achieved a $2 million return on the...

Companies

Asahi Kasei and Teijin to Dissolve PTT Fibers Joint Venture

Asahi Kasei Fibers (AKF), an Asahi Kasei subsidiary, and Teijin Fibers, a subsidiary of Teijin, say that they will dissolve their Solotex (Osaka) joint venture for polytrimethylene terephthalate (PTT) fibers, by the end of March 2010 due to poor...

Emerging Companies

Saudi Arabia’s NCC Forms Tanker JV with Odfjell

National Chemical Carriers (NCC; Riyadh) has agreed to form a 50-50 joint venture with Odfjell (Bergen, Norway) that will operate the largest chemical tankers in the partners’ respective fleets...

Earnings/Finance

Stepan Income, Profit Up

Stepan reported first quarter income today of $15.2 million, or $1.43/share, up from $8.7 million, or 85 cts/share, in the same period last year. Profit grew by six percent, or $2.8 million, as net dropped by 17 percent, to $318.1 million. The company expects...

M&A

SNPE Seeks Buyer for its Fine Chemicals Business

SNPE (Paris) says it has put Isochem, its fine chemicals business, up for sale. SNPE says it expects to have completed the sale of the business within six-to-eight months. The company did not disclose how much money it hopes to...

Reach

SAFC's Reach Activity Attracts New Customers, Boosts Bottom Line

Introducing an effective company system for the European Union's (EU) Registration, Evaluation and Authorisation of Chemicals (Reach) program has enabled Sigma Aldrich Fine Chemicals (SAFC), a division of Sigma Aldrich, to “attract new...

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