IHS Chemical Week

Bertschi opens logistics facility in Singapore, serving specialty chemical producers

11:24 AM MST | February 15, 2016 | —Deepti Ramesh in Singapore

Chemical logistics firm Bertschi (Dürrenäsch, Switzerland) officially opened a facility at Jurong Island, Singapore, on 29 January. The facility, the Bertschi Jurong Island Chemical Cluster (JICC), is the group’s first in Southeast Asia....

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Petronas Chemicals Looking to grow through Rapid project, diversification

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RPM acquires maker of food stabilizing products

RPM says it has acquired Holton Food Products (LaGrange, IL), a maker of food stabilizers and egg white products for bakeries, desserts and prepared food makers. Holton has sales of $7 million/year and the deal will be accretive to RPM’s earnings within...

ExxonMobil's Beaumont chemical plant resumes normal operations

 ExxonMobil confirmed on Friday that its Beaumont, TX, chemical plant has resumed normal operations. The announcement follows a week after its refinery at the Beaumont facility resumed operations. The company had been working to restore operations...

Saltigo names Torsten Derr as new boss

Saltigo (Leverkusen, Germany) has announced that Torsten Derr will take over as head of the company from April 1. Currently head of the Lanxess board of management’s commercial & supply chain excellence initiative, Derr will replace Wolfgang...

Total posts higher refining, chemicals income; refinery restructuring ahead of schedule

Total has announced an increase in fourth-quarter earnings at its refining and chemicals business, and says that the restructuring of the company's refining business in Europe will be completed one year ahead of schedule. Adjusted net operating income at...

Waste water issues force shutdown of major soda ash plant in China

Shandong Haihua Group ((Weifang, China) shut down its 2.85-million m.t./year soda ash plant at Weifang on 29 January due to facility issues and the company is planning to resume full production after the Chinese New Year holiday in March 2016. The plant was...

FMC beats estimates as cost cuts offset ag weakness

FMC today reported a fourth-quarter net loss of $204 million, compared with a profit of $77 million in the year-ago quarter, mostly due to restructuring charges. Revenues fell 1% year-on-year (YOY), to $899 million. Excluding charges, adjusted earnings...

Valspar acquires coil coatings maker in Italy

Valspar says it has acquired ISVA Vernici (Turin, Italy), a maker of coil coatings, for an undisclosed sum. The deal expands Valspar’s presence in Europe, as well as in North Africa and the Middle East, and adds manufacturing capacity in Europe. ISVA...

Cambrex sees double-digit growth in sales, profit

Cambrex (Rutherford, NJ), a maker of active pharmaceutical ingredients (APIs) has reported sales of $156.9 million in fourth-quarter 2015, compared with sales of $128.8 million in the corresponding quarter of 2014, an increase of 25% year-on-year (YOY)...

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