IHS Chemical Week

Regions

North America (12037)

South America (884)

Western Europe (7214)

Eastern Europe (1405)

Middle East (1496)

Africa (365)

Southeast Asia (1266)

North Asia (2065)

China (2285)

India/Pakistan (1331)

Australia/New Zealand (320)


NORTH AMERICA

AbbVie and Shire terminate $51-billion deal
Shire (Dublin) says that its board has agreed with AbbVie (Chicago) to terminate their previously announced agreement for the acquisition of Shire. AbbVie announced in July that it will acquire Shire for £32 billion ($51 billion). Last week...

Chemtura appoints Simon Medley as head of Great Lakes Solutions business
Chemtura says that Simon Medley will assume leadership of the company’s Great Lakes Solutions business in addition to his current role as head of the industrial performance products segment, effective immediately. In his expanded role, Medley has been...

Celanese net income rises 47%
Celanese (Dallas, TX) reports third-quarter income of $252 million, up 47% year over year (YOY) from $172 million. Net sales totaled $1.77 billion, unchanged YOY. Earnings per share (EPS) were $1.61 were up 10% YOY from $1.47....

BASF Total's propylene unit back online after catalyst change

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical.

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Celanese acquires Cool Polymers
Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....

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SOUTH AMERICA

PDVSA inaugurates natural gas pipeline
Petróleos de Venezuela (PDVSA; Caracas) has begun operating a natural gas pipeline linking the company's complex at Muscar to its extraction plant at Santa Barbara in the northeastern state of Monagas. The pipeline is 26 inches in diameter and 15...

Israeli firm to acquire Invista’s nylon plant in Brazil
Nilit (Migdal HaEmek, Israel), a manufacturer of nylon-6,6 for thermoplastics and apparel applications, has signed an agreement to acquire Invista’s Americana, Brazil, manufacturing site with intent to continue the site’s nylon-6,6 operations...

Evonik opens plant for cosmetics and consumer goods in Brazil
Evonik Industries today opened a production plant in São Paulo State, Brazil, to make ingredients for customers in the cosmetics and consumer goods industries. The plant has the capacity to produce up to 50,000 m.t./year of ingredients and...

Belarusian Potash signs contract for storage and handling at Brazilian port
Belarusian Potash Co. (BPC; Minsk) has signed a contract with Rocha Terminais Portuários e Logística (Paranaguá, Brazil), covering potash storage and cargo handling at the Port of Paranaguá, including leasing customs warehouses in...

Mosaic announces regional leadership changes
Mosaic has named Floris Bielders general manager/Brazil, effective 15 October. Bielders was also recently named v.p./international distribution. In his new role, he will lead the Brazilian distribution business and the expected integration of the Archer...

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WESTERN EUROPE

CEO of Total killed in plane crash at Moscow airport
Christophe de Margerie, 63 and CEO of energy major Total, was killed at Moscow’s Vnukovo international airport last night when a business jet collided with a snow plow during takeoff. De Margerie was the only passenger in the Falcon 50 business jet...

ECHA opens public consultation on CLH proposals for azadirachtin, margosa extract, and terbuthylazine
The European Chemicals Agency (ECHA; Helsinki) has opened public consultations on proposals for harmonised classification and labelling (CLH) of three substances: azadirachtin (Neem seeds extract), margosa extract, and terbuthylazine. Experts on the identity...

Dow Corning opens expanded health-care application center in Belgium
Dow Corning says it has opened an expanded health-care application center in the company’s European headquarters at Seneffe, Belgium. The facility is intended to serve customers in Europe, and combines the company’s expertise in silicone materials...

Germany's EID warns over higher costs resulting from unilateral EU climate goals
Germany’s energy-intensive industries association (BID; Berlin) has warned over higher burdens for industry as a result of unilateral, challenging climate protection goals. Utz Tillmann, an EID spokesperson and managing director, Germany’s...

AkzoNobel reports higher earnings, lower sales in challenging conditions
AkzoNobel today reported a 32% rise in third-quarter net income to €205.0 million ($262.9 million) on 2% lower sales of €3.69 billion. Ebitda was 7% higher at €487.0 million and operating income advanced 11% to €335 million.  ...

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EASTERN EUROPE

Rosneft and Pirelli sign MOU to develop synthetic rubber production in Russia's Far East
Rosneft’s chairman Igor Sechin and Marco Tronchetti Provera, Pirelli’s chairman, have signed a memorandum of understanding, which will lead to the production and sales of synthetic rubber in the Nakhodka region of Russia’s Far East. The...

DuPont signs preliminary agreement for cellulosic ethanol project in Macedonia
Ethanol Europe Renewables Ltd. (Dublin) and DuPont are planning to participate in a cellulosic ethanol project in Macedonia, according to several press reports citing the Macedonian government. The plant would produce cellulosic ethanol and be located near...

EU trade commissioner De Gucht addresses the 'reality of the EU–US trade talks'
Outgoing European trade commissioner Karel De Gucht has spoken about the "reality" of the negotiations between the European Union and the United States on the Transatlantic Trade and Investment Partnership (TTIP). De Gucht addressed some common...

Single EU energy market could bring benefits worth $20–50 billion
An integrated energy market across the European Union could bring net economic benefits between €16 billion and €40 billion ($20 billion–$50 billion) each year, the European Commission says today in a statement on the challenges facing...

Russian firm BashKhim plans to more than double PVC capacity
Bashkhirian Soda (BashKhim; Sterlitamak, Russia) plans to more than double polyvinyl chloride (PVC) capacity at its Sterlitamak manufacturing complex, according to director general Nadezhda Pinigina. Speaking at the recent Moscow International Chemistry...

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MIDDLE EAST

Mesaieed Petrochemical Holding discloses interim financial statement
Mesaieed Petrochemical Holding Co. (MPHC; Doha), a listed subsidiary of Qatar Petroleum and one of the leading diversified petrochemical conglomerates, reported a 1.38 billion Qatari riyals ($378.08 million) net profit for the first nine months of the year on...

ICL to cut investments, close plants as final Sheshinski report would impose the world's highest tax
Israel Chemicals (ICL, Tel Aviv) says that the final report of the Sheshinski Committee, presented to the Finance Ministry yesterday, will not cause it to reconsider its decision to cut back investment in Israel and close some existing activities. ICL, which...

Saudi firms report mixed results
Saudi Kayan, a Sabic affiliate, today reported a 54.6% rise in third-quarter net profit to 66.91 million Saudi riyals ($17.8 million) compared with the year-earlier quarter. Operating profit was 3% higher at SR203.92 million. Net loss in the first nine months...

Sipchem's third-quarter profits slide
Sipchem today reported a 13% decrease in third-quarter net profit to 160.6 million Saudi riyals ($42.8 million) and a 15% drop in operating profit to SR270.0 million. Sales were not disclosed. The company cites lower sales due to unplanned maintenance...

Industries Qatar reports improved results, studies new petchem complex
Industries Qatar (IQ; Doha), which holds interest in petrochemicals, fertilizers and steel producing companies in Qatar, today reported improved third-quarter and nine-months results, as many of its petchem facilities are back onstream following maintenance...

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AFRICA

Symrise founds subsidiary in Nigeria, strengthens position in Africa
Fragrances and flavors group Symrise (Holzminden, Germany) has today officially launched a legal subsidiary in Lagos, strengthening its position in Africa. The location will include sales and marketing offices and application laboratories and will serve...

Sasol appoints new executive director and CFO
Sasol announced today that it has appointed Bongani Nqwababa as executive director and CFO effective 1 March 2015. Nqwababa has been an independent nonexecutive director and a member of Sasol's audit committee since 5 December 2013. He has been the finance...

Sirius signs MOU to form joint venture with Tanzania Fertilizer Company
Sirius Minerals (London), which is developing a potash manufacturing project in the United Kingdom, announced today that it has signed a memorandum of understanding (MOU) with state owned Tanzania Fertilizer Co. (TFC; Dar es Salaam) to establish and...

Merck Serono confirms pharma alliance with Lupin targeting emerging markets
Merck Serono, the biopharmaceutical division of Merck KGaA, today confirmed that it is establishing a long-term strategic partnership with Lupin (Mumbai). Lupin will support Merck Serono implement the company’s initiative to expand its general medicines...

Sasol chemical profits up on strong olefins and surfactants, improved polymers
Operating profits for Sasol’s chemical cluster increased 178% during the fiscal year ending June 2014, the company says, to a total of rand 8.41 billion ($770 million). Transfers unrelated to sales accounted for half of the gain, but strong performance in the olefins & surfactants (O&S) and solvents businesses plus improvements in polymers contributed the remainder. Total chemical revenues increased 17% to rand 111.7 billion....

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SOUTHEAST ASIA

PTT Global Chemical restarts aromatics complex after repairs
PTT Global Chemical (PTTGC; Bangkok) tells CW that the company’s aromatics complex number two, located at Map Ta Phut, has restarted operations following the temporary shutdown for repairs. PTTGC announced last month that the complex was shut starting...

Mitsubishi Chemical to restructure PTA business
Mitsubishi Chemical plans to restructure its money-losing purified terephthalic acid (PTA) business, according to Yoshimitsu Kobayashi, president and CEO of Mitsubishi Chemical Holdings Corp. Kobayashi was speaking to CW on the sidelines of the recent Cefic...

BASF to sell global textile chemicals business to Archroma
BASF says that it has agreed to sell its global textile chemicals business to Archroma (Reinach, Switzerland), a supplier of specialty chemicals to the textile, paper, and emulsions industries. Financial details of the deal have not been disclosed. The...

Finnish firm to build biorefinery in India
Chempolis (Oulu, Finland) has signed a partnership agreement with Numaligarh Refinery Ltd. (NRL; Guwahati, India), an enterprise of the government of India, to jointly build a biorefinery using Chempolis's trademarked formicobio technology. The plant will be...

Ecolab’s Nalco Champion business opens manufacturing facility in Singapore
Nalco Champion, an Ecolab company, has opened a new manufacturing plant at Jurong Island, Singapore, which will supply chemistry solutions for oil and gas companies. Nalco Champion is a leading provider of specialty value-added chemistry solutions and...

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NORTH ASIA

Sumitomo Chemical upgrades forecast
Sumitomo Chemical announced today that it has revised its consolidated financial forecast for the half-year ending 30 September 2014, previously announced on 12 May 2014. The upward revision is due to higher petrochemical, plastics and basic chemicals prices...

LG Chem's third-quarter earnings tumble
LG Chem (Seoul) today reported a major drop in third-quarter earnings. Net profit plunged 34.2%, to 231.9 billion South Korean won ($218.8 million), the company says in a filing to the stock exchange. Operating income declined 30.8%, to won357.5 billion...

Mitsubishi Chemical to restructure PTA business
Mitsubishi Chemical plans to restructure its money-losing purified terephthalic acid (PTA) business, according to Yoshimitsu Kobayashi, president and CEO of Mitsubishi Chemical Holdings Corp. Kobayashi was speaking to CW on the sidelines of the recent Cefic...

Chemtura to expand ADPA antioxidant capacity at three sites
Chemtura will increase capacity for its Naugalube alkylated diphenyl amine (ADPA) liquid antioxidants at three sites “to prevent predicted future shortages of antioxidants in the automotive petroleum additive industry worldwide.” By 2015, the...

Ube downgrades net profits, sales projections
Ube Industries has revised its net profits and sales forecasts for the fiscal first half ended, 30 September 2014, and for the full fiscal year, ending 31 March 2015. Ube expects to record no net profits for the fiscal half, having previously forecast net...

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CHINA

Arkema finalizes creation of acrylic acid JV with Jurong Chemical in China
Arkema says that it has finalized the creation of Sunke, the previously announced joint venture with Jurong Chemical (Yancheng, China), the leading acrylic acid manufacturer in China. Arkema will have a majority stake in the jv, which will comprise the assets...

Commerce Department proposes final antidumping duties on Chinese refrigerant gases
The US Department of Commerce on 15 October released its proposed final resolution regarding antidumping duties and countervailing duties on Chinese refrigerant gases imported into the United States. The proposed final resolution ruled that imports from China...

BASF opens expanded mobile emissions catalysts manufacturing facility at Shanghai
BASF says it today inaugurated its expanded mobile emissions catalysts manufacturing operation at Shanghai. The previously announced expansion project doubles the company’s production capacity for mobile emissions catalysts in China, adding light-duty...

CB&I announces gasification award in China
CB&I has been awarded a contract by Shandong Sincier Petrochemical for the license and engineering design of a gasification unit to be built near Dongying, China. The unit will utilize CB&I’s E-GasPlus technology for a three-train facility to...

Chinese firm selects CB&I gasification technology
CB&I says that it has been awarded a contract by Shandong Sincier Petrochemical for the license and engineering design of a gasification unit to be built near Dongying in Shandong Province, China. The unit will utilize CB&I's proprietary E-GasPlus...

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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....

BASF’s ultrafiltration business secures major contract in India
BASF says that its subsidiary, inge (Greifenberg, Germany), a supplier of ultrafiltration (UF) membranes, has secured the biggest project in the company’s history and will supply high-capacity ultrafiltration technology for a desalination plant at...

Mitsubishi Chemical to restructure PTA business
Mitsubishi Chemical plans to restructure its money-losing purified terephthalic acid (PTA) business, according to Yoshimitsu Kobayashi, president and CEO of Mitsubishi Chemical Holdings Corp. Kobayashi was speaking to CW on the sidelines of the recent Cefic...

Dhunseri Petrochem restarts PET plant at Haldia
Dhunseri Petrochem & Tea (Kolkata, India) informed the Bombay Stock Exchange (Mumbai) on 16 October that it has resumed production at the company’s polyethylene terephthalate (PET) resin plant at Haldia, India. The Haldia PET plant was shut down in...

Finnish firm to build biorefinery in India
Chempolis (Oulu, Finland) has signed a partnership agreement with Numaligarh Refinery Ltd. (NRL; Guwahati, India), an enterprise of the government of India, to jointly build a biorefinery using Chempolis's trademarked formicobio technology. The plant will be...

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AUSTRALIA/NEW ZEALAND

Nufarm and Israeli firm to develop plant monitoring technology
Agricultural chemical firm Nufarm (Melbourne) and technology firm Phytech (Kibbutz Yad Mordechai, Israel) have entered into an agreement to jointly develop a proprietary plant monitoring system in Australia and New Zealand. The system provides real-time...

Kuraray and Australian firm Plantic partner to distribute high-barrier films in Japan and South Korea
Kuraray says that it has signed a deal with Plantic Technologies (Melbourne) to be its exclusive distributor in the Japanese and South Korean markets for the biobased barrier material Plantic film. Plantic film is a barrier film primarily composed of a unique...

Orica CFO appointed to the company board
Orica (Melbourne) says that Craig Elkington, CFO, has been appointed to the Orica board as executive director/finance, with effect from 12 September. Elkington joined Orica in 1994 and has held various senior finance, commercial, and executive roles across...

Deepak Fertilisers and Petrochemicals forms mining explosives joint venture in Australia
Deepak Fertilisers & Petrochemicals (Pune, India) on Friday informed the Bombay Stock Exchange that its wholly owned subsidiary, Smartchem Technologies, India's leading manufacturer of mining chemicals, has formed a new joint venture to produce mining...

A. Schulman acquires Australian plastic compounds manufacturer
A. Schulman says that it has acquired Compco, located near Melbourne, for $6.7 million in cash. Compco manufactures of a variety of plastic compounds and products, including masterbatches and custom performance colors. Key markets include packaging, wire and...

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