IHS Chemical Week

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South America (979)

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Eastern Europe (1535)

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China (2453)

India/Pakistan (1433)

Australia/New Zealand (352)


NORTH AMERICA

ISS backs two Trian seats on DuPont board (update)
The Institute for Shareholder Services (ISS; Rockville, MD), a proxy advisory firm, is recommending that two Trian nominees, including Trian founder and CEO Nelson Peltz, be elected to DuPont’s board of directors. ISS also backs former GE Asset...

Alpek first-quarter net income up over 30% despite lower prices due to higher sales volume
Alpek’s (Monterrey, Mexico) first-quarter net income totaled $48 million, up 32% year-on-year (YOY), according to the latest company's results. Ebitda was up to $137 million from $105 million in the first quarter of last year. Ebitda grew both on annual...

LSB satisfies Starboard by adding directors, pursuing chemicals MLP
LSB Industries (Oklahoma City) says it has added five independent directors as part of an agreement with activist investor Starboard Value. LSB will also pursue several other moves as part of the agreement, including separating its chemicals and climate control businesses and possibly restructuring the chemicals business as a master limited partnership. LSB has appointed a new lead independent director and independent board committee to oversee the search for a president of the chemicals business....

Arsenal Capital to sell Royal Adhesives to American Securities
Private equity firm Arsenal Capital (New York) has announced it is selling Royal Adhesives and Sealants (South Bend, IN) to American Securities (New York), another private equity firm. Terms of the deal, including financial details, were not disclosed. The...

Williams: Geismar ethylene running well, to reach full production in June
Williams Partners says a failed transformer has prevented its expanded Geismar, LA, olefins plant from running at the new full capacity, 1.95 billion lbs/year, but the issue will be corrected in June. The company expects the plant to run at its preexpansion capacity of 1.35 billion lbs/year through May....

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SOUTH AMERICA

Petrobras reports a big net loss due to corruption charges, asset writedowns
Petrobras's net loss totaled 26.6 billion reais ($8.85 billion) in the fourth quarter of 2014, and revenue was 85.04 billion reais, according to the delayed, audited results that the company published earlier this week. The net loss includes a 6.2-billion...

Australia fertilizer developer acquires Brazil potash project
Harvest Minerals (Subiaco, Australia) has acquired the Sergi potash project, near Vales in the state of Sergipe, Brazil. Harvest Minerals has entered into a binding agreement with private company Kmine Holdings, which holds a 100% interest in the mineral...

Commerce proposes countervailing duties for melamine from China, Trinidad and Tobago
The US Dept. of Commerce on 14 April issued a preliminary determination that China and the Caribbean nation of Trinidad and Tobago have been subsidizing melamine imported to the United States, and that the imports can therefore be subjected to countervailing duties. Commerce says it will announce a final determination in late August....

Brazil's demand for plastics contracted significantly during 2014
Brazil's demand for commodity plastics contracted significantly during 2014 compared with the previous year, according to figures released by chemical industry association Abiquim (São Paulo). The current low competitiveness of Brazil's chemical sector...

Brazil chemical imports down in first quarter, trade balance still in deficit
Brazil's chemical imports during the first quarter amounted to $9.1 billion, down 6.8% compared with the first quarter of 2014, equivalent to about 7.5 million m.t. in volume terms, 4.2% lower year-on-year (YOY), according to the latest figures released by...

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WESTERN EUROPE

BP declines to comment on government opposition to potential takeover
BP declined to comment to CW on a report in The Telegraph that the UK government would oppose a potential takeover of the company. This report follows speculation that the energy sector would consolidate more after Shell announced that it would pay close to...

Evonik opens application technology center for SAPs in Germany
Evonik says that it has opened a application technology center for superabsorbent polymers (SAPs) at Krefeld, Germany. The company has invested €1 million ($1.08 million) in the new technology center. The laboratory will serve hygiene and technical...

Frutarom acquires remaining shares in Slovenia-based firm Vitiva
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired the remaining shares in Vitiva (Markovci, Slovenia), meaning Frutarom now holds Vitiva's entire share capital. Vitiva specializes in the R&D, production...

BIO welcomes European approval of GMOs, but criticizes proposal to give European states a greater say
The Biotechnology Industry Organization (BIO; Washington) says that it welcomes the European Commission’s recent decision to approve several genetically modified organisms (GMOs) for use in food and feed products, but opposes what it describes as a...

Air Liquide's sales rise on currency effects, offsetting weaker energy
Air Liquide today reported €3.99 billion ($4.29 billion) in sales for the first quarter, up 7% year-on-year (YOY), benefiting from a positive 7.3% currency impact that was partly offset by a negative 3.6% energy impact. The company has not reported...

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EASTERN EUROPE

Uralkali approves share buyback program
The board of Uralkali (Berezniki, Russia) has approved a share buyback program under which the company will purchase up to 468.75 million of its own shares—representing 15.97% of the company's equity capital—in the form of common shares and global...

Frutarom acquires remaining shares in Slovenia-based firm Vitiva
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired the remaining shares in Vitiva (Markovci, Slovenia), meaning Frutarom now holds Vitiva's entire share capital. Vitiva specializes in the R&D, production...

Ineos confirms award of HDPE technology contract in Azerbaijan
Ineos Technologies has confirmed that it has licensed its Innovene S process technology for the manufacture of medium-density and high-density polyethylene (HDPE) to Socar Polymer for its HDPE project in the chemical industrial park located at Sumgayit...

Uralchem raises fertilizer output in first quarter
Uralchem (Moscow), a major fertilizer producer, today reported its first-quarter production results. The total output of Uralchem’s products rose 3.5%, to 1.5 million m.t./year, compared with the first quarter of 2014. The output of ammonia increased by...

European Commission alleges Gazprom abused dominant position in Eastern Europe gas markets
The European Commission says it has sent a statement of objections to Gazprom (Moscow), alleging that some of its business practices in Central and Eastern European gas markets constitute an abuse of its dominant market position in breach of EU antitrust...

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MIDDLE EAST

Shell completes FEED on US cracker, encouraged by progress in Iraq
Shell Chemicals has completed the front-end engineering design (FEED) study on its previously announced ethane cracker at Monaca, PA and is expected to make a final investment decision soon, Graham van’t Hoff, executive v.p. of Shell Chemicals tells CW...

Sipchem restarts carbon monoxide and acetic acid complex
Saudi International Petrochemical Co. (Sipchem) said today that following a turnaround at the company’s carbon monoxide (CO) and acetic acid plants at Al Jubail, Saudi Arabia announced on 26 March 2015, the facilities started operations on Sunday. The...

Tasnee awards titanium sponge plant contract to CTCI and Chiyoda
National Industrialization Co. (Tasnee) said today that it has awarded an engineering, procurement and construction contract for a previously announced titanium sponge plant to CTCI (Taipei) and Chiyoda Corp. The titanium sponge plant is being built for...

ICL signs major potash supply deals with China
Israel Chemicals Ltd. (ICL; Tel Aviv) says that it has signed agreements to supply its customers in China with an aggregate 1.1 million m.t. of potash during 2015.The agreements include options for an additional 100,000 m.t. The potash selling price for the...

Sahara and Ma'aden complete turnaround of Samapco facilities
Sahara and Ma’aden, equal owners in Sahara and Ma’aden Petrochemical Co. (Samapco), said today that they have completed a prescheduled turnaround at their chlor-alkali and ethylene dichloride (EDC) manufacturing complex at Al Jubail, Saudi Arabia...

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AFRICA

Sanmar to double PVC capacity in Egypt
Sanmar Group (Chennai, India) will invest $350 million to expand its chemical facility at Port Said, Egypt, the Egyptian embassy in New Delhi says. Plans include a doubling of polyvinyl chloride (PVC) capacity. The news emerged during a meeting between Hatem...

Yara writes down Lifeco investment in Libya
Yara International (Oslo) said today that, because of the worsening security outlook in Libya, the operating ability of its Lifeco joint venture plants are highly likely to keep deteriorating in 2015. Yara says that, given an already challenging...

IMCD and DuPont extend enzyme partnership across Africa and Europe
IMCD (Rotterdam), a distributor of specialty chemicals, and DuPont have extended their enzyme solutions partnership in the home-care and industrial and institutional (I&I) markets. The existing multiterritory cooperation spanning over 10 years will now be...

Egypt to commission petchem complex end of this year
Egyptian Ethylene and Derivatives Co. (Ethydco) plans to commission its $1.9 billion petrochemical complex at Alexandria by the end of this year, according to Sherif Ismail, Egypt’s Minister of Petroleum. The complex will contribute greatly to...

OCP reports increase in sales and profits, seeking larger market share
OCP (Casablanca), the world’s largest phosphate producer and a leading global fertilizer player, today reported results covering fourth-quarter and full-year 2014. The company's fourth-quarter sales increased 21%, to $1.2 billion, with Ebitda rising...

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SOUTHEAST ASIA

India extends dumping duties on acetone from Japan, Thailand by one year
India has extended antidumping duties on acetone imports from Japan and Thailand by one year, the Ministry of Finance (New Delhi) says. The tariffs will remain in force until 8 April 2016, it says. The tariffs had been slated to expire on 8 April 2015, after...

Tate & Lyle to close Singapore sucralose plant, exit European bulk ingredients JV with ADM
Tate & Lyle (London) today announced it would restructure its Splenda sucralose operations and exit most of its European bulk food ingredients business to further focus on and strengthen its specialty food ingredients operations. In restructuring the...

Germany-based oleochemical firm starts up plant in Malaysia
Peter Greven (Bad Münstereifel, Germany), a leading producer of oleochemical additives, says that it is starting up a produciton facility this month for metallic soaps at the company's Penang, Malaysia site. The project is intended to meet increasing...

Petronas confirms ammonia-urea complex onstream in 2016
Petronas Chemicals said today that its previously announced Sabah Ammonia Urea (Samur) project at Sipitang, Sabah State, Malaysia, is about 90% complete and on track for completion in 2016. The plant is being built in the Sabah Oil and Gas Industrial Park at...

India recommends antidumping tariffs on PTA from South Korea and Thailand
The Directorate General of Anti-Dumping & Allied Duties (DGAD; New Dehli) has recommended levying antidumping duties on purified terephthalic acid (PTA) imports by India from South Korea and Thailand, the Ministry of Commerce & Industry (New Delhi)...

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NORTH ASIA

Showa Denko to sell phenolic resins business to Aica Kogyo
Showa Denko says that it will establish a company next month that will take over its phenolic resins business. Showa Denko will transfer 85% of the shares in the new company to Aica Kogyo (Kiyosu, Japan). The remaining 15%, which Showa Denko will initially...

S-Oil's first quarter profits soar on better margins
S-Oil Corp. (Seoul), South Korea's third-largest oil refiner by sales, majority owned by Saudi Aramco, today announced a major increase in first-quarter profits. Net income was 211.25 billion South Korean won ($196.4 million) compared with won25.37 billion in...

Solvay builds silica plant in South Korea
Solvay says that it today broke ground on a facility that will produce highly dispersible silica (HDS) at Gunsan, South Korea. The 80,000-m.t./year HDS plant is expected to become operational within two years. Solvay's silica business unit will produce its...

Zeon to expand production capacity for thermoplastic elastomers
Zeon (Tokyo) says that it will expand production capacity at its Mizushima, Japan, site for thermoplastic elastomers sold under the brand Quintac, which is used mainly as a raw material for adhesives. Capacity will be increased from 42,000 m.t./year to 60,000...

China imports more aromatics in March amid tight supply, lower inventories, plant turnarounds
China’s imports of aromatics were mostly higher in March versus February amid market concerns of tight supplies, falling inventories, and plant turnarounds, the latest statistics show. Para-xylene imports in March crossed the 1-million m.t. monthly...

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CHINA

China imports more aromatics in March amid tight supply, lower inventories, plant turnarounds
China’s imports of aromatics were mostly higher in March versus February amid market concerns of tight supplies, falling inventories, and plant turnarounds, the latest statistics show. Para-xylene imports in March crossed the 1-million m.t. monthly...

Chang Chun Chemical starts up second Badger-process BPA plant in China
Chang Chun Chemical (Changshu, China) has started operations at its second bisphenol A (BPA) plant at Changshu, technology provider Badger says.The 135,000-m.t./year plant joins an identical-capacity plant at the same site that began production in...

ICL signs major potash supply deals with China
Israel Chemicals Ltd. (ICL; Tel Aviv) says that it has signed agreements to supply its customers in China with an aggregate 1.1 million m.t. of potash during 2015.The agreements include options for an additional 100,000 m.t. The potash selling price for the...

Jacobs acquires controlling stake in Suzhou Han’s Chemical Engineering
Jacobs Engineering says that it has acquired a controlling interest in Suzhou Han’s Chemical Engineering Co. (SHCE; Suzhou, China). In 2013, Jacobs signed an option agreement with SHCE, which gave Jacobs the opportunity to acquire SHCE upon the...

FDA issues warning letter to API plant in China
The US FDA issued a warning letter on 6 April to the active pharmaceutical ingredient (API) manufacturing facility of Yunnan Hande Bio-Tech—located at Kunming, China—for violating cGMP. The warning letter was published on the FDA Web site on 21...

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INDIA/PAKISTAN

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

India extends dumping duties on acetone from Japan, Thailand by one year
India has extended antidumping duties on acetone imports from Japan and Thailand by one year, the Ministry of Finance (New Delhi) says. The tariffs will remain in force until 8 April 2016, it says. The tariffs had been slated to expire on 8 April 2015, after...

Tosoh acquires in vitro diagnostics company in India
Tosoh says that it has acquired in vitro diagnostics company Lilac Medicare (Navi Mumbai, India) in order to strengthen the company’s bioscience business via the growing Indian market. Lilac, which was established in 1997, manufactures and sells...

Reliance reports 8.5% rise in quarterly profits
Reliance Industries says net profits for the company’s fiscal fourth quarter, ended 31 March 2015, increased 8.5% compared with the same period of the previous fiscal year, to about 63.81 billion Indian rupees ($1.02 billion). Fourth-quarter sales...

BASF starts up construction chemicals plant in India
BASF says that it has opened a new and its largest construction chemicals plant in India at Nellore in the state of Andhra Pradesh in southern India. Commercial production has begun at the Nellore plant, which is also BASF’s fifth construction chemicals...

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AUSTRALIA/NEW ZEALAND

Aurobindo Pharma sells Australian subsidiary
Aurobindo Pharma (Hyderabad) has announced the sale of its entire stake in subsidiary Aurobindo Pharma (Australia) to Eris Pharma Australia (Melbourne). The divestment is part of Aurobindo Pharma's strategy to focus on the United States and the European...

Wildhorse Energy to acquire Australia potash exploration firm
Wildhorse Energy (Perth, Australia) has agreed to acquire Australia Salt Lake Potash (ASLP; Thornleigh), which has two large, salt-lake brine projects in Western Australia State, Australia Wildhorse says. ASLP has secured three granted and six pending...

Rare Earth Minerals advances Australian project with prefeasibility study
Rare Earth Minerals Plc (REM; London) says that Hastings Rare Metals, REM's 70% joint venture partner in the Yangibana Rare Earths Elements jv in Western Australia, has selected a team of consultants to develop a prefeasibility study for the Yangibana rare...

Kuraray acquires Australian biobased barrier films company Plantic
Kuraray says that it has completed acquiring all shares in Plantic Technologies (Melbourne), a company involved in biobased barrier films, from Gordon Merchant No.2 Pty Ltd. Financial details of the deal have not been disclosed. Plantic, which was established...

Bayer transfers its New Zealand MaterialScience business to local distributor
Bayer MaterialScience announced today that it has transferred its New Zealand business to local Alchemy Agencies. The move follows Alchemy successfully bidding for distribution rights to Bayer's New Zealand arm's range of industrial chemicals and raw...

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