IHS Chemical Week

Regions

North America (11695)

South America (848)

Western Europe (6936)

Eastern Europe (1348)

Middle East (1459)

Africa (353)

Southeast Asia (1225)

North Asia (2001)

China (2233)

India/Pakistan (1282)

Australia/New Zealand (308)


NORTH AMERICA

Dow share gains could allow it to retire expensive preferred shares
A rally in Dow Chemical’s share price, helped by yesterday’s strong second-quarter earnings report, has put the company in a position to convert $4 billion in preferred shares that carry an expensive $340-million/year dividend. Dow’s shares...

3M second-quarter net income up 6% YOY on broad organic growth
3M (St. Paul, MN) reports second-quarter net sales of $8.1 billion, up 5% year-on-year (YOY) on strong organic growth across all segments. Net income increased 6% YOY, to $1.3 billion. Earnings per share of $1.91 equal the analysts’ consensus estimate as reported by Thomson Reuters....

Airgas earnings up 5%
Airgas today reported fiscal first-quarter 2015 net earnings of $88.9 million, up 5% year-on-year (YOY), on sales up 3% YOY, to $1.3 billion. Sales growth can be attributed to increases in organic sales within the gas and rent, hardgoods, and distribution...

Haldor Topsoe opens sulfuric acid catalyst production plant in Texas
Haldor Topsoe announced earlier this month that it had recently opened a new plant at its site at Bayport, TX, to produce Topsoe's VK portfolio of extruded catalysts that are used to produce sulfuric acid. In 2012, Topsoe's board of...

PotashCorp earnings down YOY, but above guidance
PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472 million with earnings per share of 56 cts/share rising above analyst...

More Stories »

SOUTH AMERICA

Air Liquide to invest €40 million in new ASU unit in Brazil
Air Liquide will invest close to €40 million ($53.9 million) in an air separation unit (ASU) that will supply paper maker Klabin's factory at Ortigueira --as well as to another site in Telêmaco Borba, both in the state of Paraná...

Syngenta expands Plene sugarcane platform with new agreement
Syngenta today announced plans to broaden and scale up its Plene platform of integrated sugarcane solutions. Through an exclusive licensing agreement with New Energy Farms, Syngenta will access Crop Expansion Encapsulation and Drilling System (Ceeds), an...

Evonik confirms plans for precipitated silicas plant in Brazil
Evonik Industries has confirmed plans to build a previously announced plant to produce precipitated silicas at Americana, Brazil, near São Paulo. Evonik says it is investing "a mid-double-digit million-euro amount" in the facility, which is...

Celanese to expand its long-fiber-reinforced thermoplastic production in Brazil
Celanese will expand its manufacturing facilities at Suzano, Brazil, to include long-fiber-reinforced thermoplastics (LFRT) production, the company announced today. The new capacity is expected to be operational by mid-2015. Celanese already compounds...

Stepan acquires Brazil sulfonation plant from P&G
Stepan says it has acquired a sulfonation production plant in Bahia, Brazil from Procter & Gamble (P&G), for an undisclosed sum. The plant, in the country’s northeast, has a capacity of 30,000 m.t./year and the deal is expected to close in the...

More Stories »

WESTERN EUROPE

Italian court nullifies Invista's barrier patent, says M&G
M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....

BASF reports higher earnings on flat sales, confirms outlook
BASF today reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Ebitda was up 9.0%, to €2.7 billion, and Ebit before special items advanced 12%, to €2.0 billion. The...

Lonza reports huge rise in profits
Lonza recorded net profits of 140 million Swiss francs ($155 million) for the first half of 2014 compared with profits of SF41 million in the first half of 2013. Sales for the first half of 2014 increased by 3.2% compared with the year-ago period, to SF1.80...

Johnson Matthey reports lower profits, flat sales
Johnson Matthey says it made progress in the first quarter of 2014/15, covering 1 April–30 June, in the face of headwinds from the effect of foreign currency translation and the loss of commission revenue from Anglo American Platinum. Sales excluding...

Syngenta's first-half growth held back by North America; outlook confirmed
Syngenta’s net income including restructuring and impairment was $1.4 billion, 1% lower in the first six months of this year, on sales up 1%, to $8.5 billion, the company announced today. Earnings per share, excluding restructuring and impairment, were...

More Stories »

EASTERN EUROPE

PKN Orlen unveils strategy, may close money-losing Lithuania refinery
PKN Orlen (Płock, Poland) today announced its strategy for 2014–2017, which reflects the present macroeconomic conditions. The company will focus on securing a strong position on large and promising growth markets, strong customer-oriented approach...

Croatia to sell stake in electrical firm to raise funds for state-backed fertilizer maker
The Croatian government is selling its 22.82% stake in electrical and transport firm Koncar Elektroindustrija (Zagreb) to help raise funds to recapitalize the country's fertilizer company, Petrokemija (Kutina, Croatia), according to Croatian press...

BASF inaugurates mobile emissions catalysts plant in Poland
BASF has inaugurated its largest European production plant for mobile emission catalysts at Środa Śląska, a special economic zone near Wrocław, Poland, the company announced today. Construction at the 40,000–sq meter manufacturing facility started...

Former Yara executive to join EuroChem management board
EuroChem (Moscow), a top-10 fertilizer company globally, has announced the appointment of Terje Bakken as head/marketing and sales. Bakken will report to EuroChem CEO Dmitry Strezhnev and join EuroChem's management board. Bakken, based at Moscow, will lead...

Nizhnekamsk starts producing new PP grade
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading producer of petrochemicals, announced today that it has started producing a new grade of polypropylene (PP) as part of an import-substitution program.  The new PP grade is a random copolymer of...

More Stories »

MIDDLE EAST

Takween Advanced Industries to acquire Savola's plastics packaging business
The Savola Group (Jidda, Saudi Arabia) on Tuesday signed a nonbinding memorandum of understanding (MOU) and commenced exclusive discussions with Takween Advanced Industries (Al Khobar, Saudi Arabia) to sell Savola's wholly owned packaging subsidiary. The...

Saudi Arabian fertilizer industry set for growth and diversification
The Saudi fertilizer industry leads regional production and is set to usher in a period of strong growth and diversification, according to Abdulwahab Al Sadoun, secretary-general of the Gulf Petrochemicals & Chemicals Association (GPCA; Dubai)...

Sabic reports higher sales and profit, says US shale unlikely to make impact for some time
Sabic today reported second-quarter net profit increased 7%, to 6.46 billion Saudi riyals ($1.72 billion), with operating profit rising 1%, to SR10.07 billion. Sales were up 7% to SR48.15 billion. Mohamed Al Mady, CEO, addressing a news conference at Riyadh...

Muntajat signs agreement with Qatari shipping firm to export ammonia
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) has signed a two-year contract with Qatar Navigation (Milaha; Doha) for the time charter of the liquefied petroleum gas carrier Almarona to transport ammonia from Qatar to...

Several Saudi firms report second-quarter earnings
Several Saudi Arabian petrochemicals producers have reported their second quarter results. Sabic affiliate Saudi Kayan losses in the quarter have narrowed. The company reported net loss of 133.1 million Saudi riyal ($35.5 million) in the second quarter...

More Stories »

AFRICA

Nigeria progresses with large methanol project
Gulf of Guinea Methanol (Lagos) has selected IHS to carry out a bankable feasibility study for its proposed $1.1-billion methanol project planned to be built in the Ogidigben industrial gas park in Nigeria. The park is expected to house several gas-based...

Sasol, ENI to study large gas-to-liquids project in Mozambique
Sasol (Johannesburg), Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (Maputo) and Italy’s energy group ENI (Rome) have announce plans for a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant. The...

Methanex temporarily idles plant in Egypt because of gas shortage
Methanex says that the methanol production plant of its joint venture Egyptian Methanex Methanol (EMethanex) has been idled temporarily because of constrained gas availability. Methanex operates and holds the majority share, 50%, of EMethanex. The EMethanex...

Sirius Minerals signs potash research MOU with Tanzanian Ministry of Agriculture
Sirius Minerals (London), a company developing the world’s largest and highest-grade polyhalite potash deposit in the United Kingdom, announced today that it has entered into a memorandum of understanding (MOU) with the Ministry of Agriculture, Food...

AECI aquires Clariant’s water treatment business in Africa
Clariant says it completed the previously announced sale of its water treatment business in Africa to AECI (Johannesburg) on 30 June. AECI acquired the business for 34 million Swiss francs ($38.3 million) in cash at closing. Plans for the deal were first...

More Stories »

SOUTHEAST ASIA

Wacker opens logistics facility in India
Wacker Chemie opened today a logistics facility at the company's production site at Amtala, near Kolkata, India, the company says. The high-bay warehouse has capacity for 5,000 pallet spaces and will be operated by Wacker Metroark Chemicals (WMC; Kolkata), a...

Cepsa and Golden Agri-Resources plan joint venture in palm oil derivatives
Cepsa (Madrid) and the Singapore-listed Golden Agri-Resources (GAR) plan to combine forces to market and distribute edible oils and related products, including fatty acids and alcohols. Cepsa Quimica, its parent company IPIC (Abu Dhabi), and GAR have applied...

Marubeni, ag firm to establish test farms in Philippines for Marubeni's agchem products
Agricultural conglomerate Calata (Makati, Philippines) agreed with Marubeni to establish farms in the Philippines to test the viability of Marubeni’s agricultural chemical products in the Philippine market, according to a Calata statement filed with the...

Technip confirms it's program management consultant for Malaysia's Rapid
Technip says that, as a leader of a joint venture with Fluor, it has been awarded a "substantial" program management consultancy (PMC) contract by Petronas (Kuala Lumpur) for the $16-billion Refinery and Petrochemical Integrated Development (Rapid)...

Afton Chemical breaks ground on Singapore project
Afton Chemical (Richmond, VA), part of NewMarket Corp., has held a ground breaking ceremony for a previously announced chemical additives manufacturing facility on Jurong Island, Singapore. The plant, designed and located to support the growth of the...

More Stories »

NORTH ASIA

Shin-Etsu reports higher sales and earnings
Shin-Etsu today reported its financial results for the first fiscal quarter, ended 30 June. Consolidated net income was up 2.8%, to ¥32.9 billion ($324.1 million), on 8.7% higher sales of ¥294.5 billion. The company has revised its forecast for fiscal...

S-Oil swings to profit, to diversify portfolio with olefins complex
S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex. S-Oil’s second-quarter net income reached 67.9 billion South Korean...

JSR employee killed in accident at synthetic rubber plant in Japan
JSR (Tokyo) says that a 19-year-old employee of the company died in an accident on 23 July at the company’s synthetic rubber manufacturing facility at Yokkaichi, Japan. The accident occurred at 12:25 pm local time, and the employee was trapped in...

Sinopec's ethylene output increases 5%
Sinopec says that it produced 5.1 million m.t. of ethylene in the first half of 2014, 5% more compared with the corresponding period of last year. The company's production of plastics increased 3.5% year-on-year (YOY) in the first half, to...

LG Chem reports lower second-quarter profits, flat revenues
LG Chem (Seoul) today reported a 43% drop in second-quarter net profit, to 226.8 billion South Korean won ($220.3 million), citing poor performance in its chemical sales and a strong local currency. Sales were 0.8% higher, at won5.87 trillion, while operating...

More Stories »

CHINA

BASF opens €50-million automotive coatings plant at Shanghai
BASF Shanghai Coatings, a joint venture between BASF Group and Shanghai Huayi Fine Chemical, today inaugurated its automotive coatings plant at the Shanghai chemical industry park. The €50-million ($67.2 million) facility expands the company’s...

Mitsui Chemicals opens plant to produce spunbonded nonwoven fabrics at Tianjin
Mitsui Chemicals, on 23 July, officially opened its previously announced plant at Tianjin, China, to produce spunbonded nonwoven fabrics. Plans for the new plant were announced in 2011, and a new subsidiary was established for the project. The new plant...

Badger to provide technology for cumene plant in China
Badger Licensing (Boston), a joint venture between affiliates of Technip and ExxonMobil Chemical, has been selected by Cepsa Química's (Madrid) Shanghai chemical affiliate to provide technology for its 360,000-m.t./year grassroots cumene plant at...

Merck KGaA affirms commitment to China, will break ground on pharma unit
Merck KGaA at today’s press conference at Shanghai affirmed its commitment to China. Merck will in August hold a groundbreaking ceremony for a previously announced €80 million ($107.8 million) pharmaceuticals plant at Nantong, which, from 2017...

Sinopec's ethylene output increases 5%
Sinopec says that it produced 5.1 million m.t. of ethylene in the first half of 2014, 5% more compared with the corresponding period of last year. The company's production of plastics increased 3.5% year-on-year (YOY) in the first half, to...

More Stories »

INDIA/PAKISTAN

Jubilant and Syngenta Sign Pyridines Supply Deal
Jubilant Organosys has signed a multimillion-dollar, long-term agreement to supply pyridines to Syngenta....

Tata Chemicals opens innovation center at Pune
Tata Chemicals (Mumbai) says it has opened an innovation center at Pune, India. The center will be the technology and innovation hub to incubate and support the company's growth in chemistry, wellness foods, and ag solutions and will provide technology...

Reliance reports higher sales and earnings, polyesters impact petchems margin
Reliance Industries’ consolidated net profit in the first quarter of fiscal 2015 rose 13.7%, to 59.6 billion Indian rupees ($1.00 billion), compared with the year-earlier period on 7% higher revenues of Rs1.08 trillion, the company announced on...

India's chemical industry to more than double by 2017
India's chemical industry is set to more than double in size to $224 billion by 2017, compared with $108.4 billion at present, and become a major exporter, participants at an industry meeting at Vadodara, Gujarat, were told on Thursday. Inderjit Pal...

India's new government pledges to reduce duty on chemicals, revive economy
India’s newly elected BJP government has pledged in its first budget to reduce custom duties on several chemicals in a move to encourage investment in the industry. In his maiden speech to parliament on Thursday, finance minister Arun Jaitley said...

More Stories »

AUSTRALIA/NEW ZEALAND

Elemental Minerals appoints new managing director
Elemental Minerals (Perth, Australia), a mineral exploration company whose primary asset is the Sintoukola potash project in the Republic of the Congo, has announced that John Sanders is its new managing director. Sanders replaces Iain Macpherson, who will...

Potash West raises capital for phosphate project in Australia
Potash West (Belmont, Australia) announced today that it has completed a placement to raise A$800,000 ($752,147) before costs. The placement was made to clients of Helmsec Global Capital and other investors. Under the placement, the company will issue...

Kazakhstan Potash acquires new deposit, aims to become major potash player
Kazakhstan Potash Corp. (KPC; Melbourne), formerly known as Fortis Mining, a minerals exploration company listed on the Australian Stock Exchange, today informed the exchange that it has signed a new sale and purchase agreement covering the Satimola potash...

Quaker buys out partner in Australian JV
Quaker Chemical (Conshohocken, PA) says that it has acquired the remaining 49% interest in its Australian affiliate, Quaker Chemical Australasia (QCA; Seven Hills, Australia), from its joint venture partner Nuplex Industries (Sydney), for A$8 million (US$7.5...

Bayer MaterialScience closes PC sheet plants at Darmstadt, Beijing; sells businesses in Australia, New Zealand
Bayer MaterialScience has decided to close its polycarbonate (PC) sheet facility at Darmstadt, Germany as part of a worldwide consolidation of its PC sheet business. Bayer MaterialScience currently produces PC sheets at 10 locations. The PC sheet businesses...

More Stories »











 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa