IHS Chemical Week

Regions

North America (12063)

South America (885)

Western Europe (7240)

Eastern Europe (1411)

Middle East (1499)

Africa (366)

Southeast Asia (1271)

North Asia (2071)

China (2289)

India/Pakistan (1333)

Australia/New Zealand (321)


NORTH AMERICA

DuPont names executive v.p.'s, chief innovation offier to retire
DuPont has named James Collins and Matthew Trerotola as executive v.p.'s  and members of the company’s office of the chief executive, effective 1 December. The company has also announced that Thomas Connelly, executive v.p. and chief innovation officer, will retire at year end....

Olin third-quarter earnings fall 63% on continued weak chlor-alkali
Weak chlor-alkali demand continues to take a toll on Olin’s quarterly results, but the company expects improvement in the fourth quarter. Olin reports third-quarter net income of $26 million, down 63% year-over-year (YOY) from $70 million. Sales totaled $594 million, down 11% YOY from $671 million. Adjusted earnings per share of 42 cents equaled the analysts’ consensus estimate reported by Thomson Reuters....

Former Evonik board member becomes operating partner at Advent International
Dahai Yu, former board member of Evonik Industries, has joined private equity group Advent International as an operating partner. Yu lost his job at Evonik last year when the company decided to slim down its executive board. An executive with extensive...

EPA proposes to remove 72 chemicals from approved pesticide inert ingredient list
The US Environmental Protection Agency (EPA) has proposed to remove 72 chemicals from its list of substances approved for use as inert ingredients in pesticide products. The move is in reponse to petitions from several advocate groups, including the Center...

LyondellBasell third-quarter income up 48% YOY on Americas olefins and polyolefins
LyondellBasell reports third-quarter net income of $1.257 billion, up 48% year-over-year (YOY) from $851 million. Sales totaled $12.066 billion, an 8% YOY increase from $11.152 billion. At $2.45, diluted earnings per share were well ahead of the analysts’ consensus estimate of $2.29 reported by Thomson Reuters....

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SOUTH AMERICA

Braskem restarts cracker in Brazil after major turnaround
Braskem (São Paulo) has restarted its steam cracker at Santo André in São Paulo State, after a planned 39-day turnaround for general maintenance, Braskem tells CW. The stoppage at the 700,000-m.t./year cracker started on 6 September. The...

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

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...

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WESTERN EUROPE

FDA issues warning letter for Hikma Pharmaceuticals' plant in Portugal
Hikma Pharmaceuticals (London) says it received a warning letter from the FDA on Thursday concerning its plant in Portugal. This letter follows an inspection of the facility in March. FDA raises issues relating to investigations and environmental monitoring...

Siegfried API plant at Nantong receives operating approval
Siegfried (Zofingen, Switzerland), a producer of active pharmaceutical ingredients (APIs), pharma intermediates, and finished drugs, says that it has received operating approval from relevant authorities for phase one of the API production plant at its...

VCI: 'Highly ambitious' climate targets will result in weaker growth, reduced competitiveness
Germany’s chemical industry trade association VCI (Frankfurt) says that the target of a 40% reduction in greenhouse gas emissions agreed by European leaders is “highly ambitious.” The target will particularly effect emissions trading, which...

P-xylene prices fall in Europe on the back of softer Asian prices, weaker energy markets
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets. Naphtha spot prices have dropped more than $100/m.t. this month, according to...

European leaders set ambitious climate, energy targets for 2030
The European Council, the institution of the heads of state or government of the member states of the European Union, has agreed on the 2030 climate and energy policy framework for the European Union. The European Commission had proposed 2030 targets for EU...

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EASTERN EUROPE

Songwon signs deal with Sibur to supply additives used to produce polymers
Songwon Industrial (Ulsan, South Korea) and its distributor United Trading System (UTS; Saint Petersburg, Russia) have signed a long-term cooperation agreement to supply Sibur (Moscow) with additives used in polymer production and processing at Sibur’s...

Uralkali confirms appointment of CFO
Potash producer Uralkali (Berezniki, Russia) says that its board of directors, in a meeting on 23 October, approved the appointment of Anton Vishanenko as CFO of Uralkali and a member of the company’s management board. Vishanenko succeeds Viktor...

P-xylene prices fall in Europe on the back of softer Asian prices, weaker energy markets
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets. Naphtha spot prices have dropped more than $100/m.t. this month, according to...

BorsodChem launches mercury-cell chlor-alkali plant replacement project
BorsodChem (Kazincbarcika, Hungary) says it has started preparations to replace its 125,000-m.t./year mercury-cell chlor-alkali plant at Kazincbarcika with a membrane-cell plant. The project is expected to be completed by December 2017. BorsodChem already...

PhosAgro reports higher fertilizer production and sales
PhosAgro (Moscow) today reported an increase in fertilizer output and sales during the first nine months of 2014. Production rose 5.6% to 4.59 million m.t. Sales were up 4.3% to 4.61 million m.t. Production of phosphate-based fertilizers and feed phosphates...

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MIDDLE EAST

Petro Rabigh raises profits
Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced a major increase in profits for the third quarter and the first nine months of the year. Net profit in the third quarter rose to...

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...

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...

Sabic confirms cancelation of Sadaf POSM, polyols project
Sabic confirmed today that a project announced in November 2012 to build a styrene monomer, propylene oxide and polyols complex by Saudi Petrochemical Co. (Sadaf), a joint venture with Shell, has been canceled. Sabic says that studies into the project were...

Schulman to cut support functions in EMEA restructuring
A. Schulman announced today that it is cutting 40 jobs in Europe, the Middle East, and Africa (EMEA), mostly in back office and support functions, as part of a restructuring to “align operations with current market conditions in the region.”...

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AFRICA

Asian Paints signs agreement to acquire Ethiopian firm, plans to invest in Indonesia
Asian Paints (Mumbai) said on Wednesday that its wholly owned subsidiary Berger International (Singapore) has signed a definitive agreement to acquire a 51% stake in the Ethiopian firm Kadisco Paint and Adhesive Industry (Addis Ababa), formerly known as...

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...

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SOUTHEAST ASIA

Petchems output soars in Singapore
Output of petrochemicals in Singapore increased 12.8% in September compared with the same month last year, according to preliminary figures released today by the Singapore government via the Singapore Economic Development Board (EDB). The increase is partly...

P-xylene prices fall in Europe on the back of softer Asian prices, weaker energy markets
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets. Naphtha spot prices have dropped more than $100/m.t. this month, according to...

Fluor and Technip awarded another Rapid contract in Malaysia
Fluor Corp., in a joint venture with Technip, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the Petronas Refinery and Petrochemical Integrated Development (Rapid) project located in...

Novozymes upgrades 2014 outlook, net profit grows 12% in the third quarter
Novozyme (Bagsvaerd, Denmark) reported a 12% increase in net profit during the third quarter, to 637 million Danish krone ($108.6 million) compared with DK568 million in the same quarter of 2013, according to the company's results released today...

Asian Paints signs agreement to acquire Ethiopian firm, plans to invest in Indonesia
Asian Paints (Mumbai) said on Wednesday that its wholly owned subsidiary Berger International (Singapore) has signed a definitive agreement to acquire a 51% stake in the Ethiopian firm Kadisco Paint and Adhesive Industry (Addis Ababa), formerly known as...

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NORTH ASIA

Songwon signs deal with Sibur to supply additives used to produce polymers
Songwon Industrial (Ulsan, South Korea) and its distributor United Trading System (UTS; Saint Petersburg, Russia) have signed a long-term cooperation agreement to supply Sibur (Moscow) with additives used in polymer production and processing at Sibur’s...

P-xylene prices fall in Europe on the back of softer Asian prices, weaker energy markets
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets. Naphtha spot prices have dropped more than $100/m.t. this month, according to...

Novozymes upgrades 2014 outlook, net profit grows 12% in the third quarter
Novozyme (Bagsvaerd, Denmark) reported a 12% increase in net profit during the third quarter, to 637 million Danish krone ($108.6 million) compared with DK568 million in the same quarter of 2013, according to the company's results released today...

Japan's chemical exports up 3.9% in September
Japan’s chemical exports rose 3.9%, to ¥633.3 billion in September compared with the same month one year ago, according to data released by the Ministry of Finance (Tokyo).   A drop in exports of organic chemicals and medical products, to...

Teijin DuPont Films develops flame-retardant polyester film
Teijin says that its Teijin DuPont Films polyester films joint venture with DuPont has developed a polyethylene naphthalate film, Teonex QF, approved for flame retardance. Applications for Teonex QF film include lithium-ion batteries, flexible printed circuit...

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CHINA

Siegfried API plant at Nantong receives operating approval
Siegfried (Zofingen, Switzerland), a producer of active pharmaceutical ingredients (APIs), pharma intermediates, and finished drugs, says that it has received operating approval from relevant authorities for phase one of the API production plant at its...

AkzoNobel opens vehicle refinishes plant in China
AkzoNobel says it has started operations at its previously announced new vehicle refinishes plant at Changzhou, China. Plans to build the plant were announced in 2011. The plant adds about 25 million liters of capacity for Sikkens-, Lesonal-, and...

P-xylene prices fall in Europe on the back of softer Asian prices, weaker energy markets
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets. Naphtha spot prices have dropped more than $100/m.t. this month, according to...

UOP technology selected for Cepsa phenol project at Shanghai
UOP, a Honeywell subsidiary, says that Cepsa Chemical Shanghai will use UOP's phenol process to produce phenol and by-product acetone — key building blocks for polycarbonate plastics used in construction and automobile production — at a new...

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 profits in India hit by precommissioning costs, adverse weather
BASF's business in India (Mumbai) reports sales of 12.1 billion Indian rupees ($197.3 million) in the quarter ended 30 September compared with Rs10.6 billion in the year-earlier quarter. Profit before interest and tax stands at Rs35 million compared with...

Nuplex to sell agency and distribution, masterbatch businesses to Axieo for $113 million
Polymer resins producer Nuplex Industries (Auckland, New Zealand) today announced that it has agreed to sell its agency and distribution business and plastic additives business to Axieo (Sydney) for A$127.5 million ($113 million). Axieo is a new company that...

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...

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 UF technology for a desalination plant at Jamnagar...

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AUSTRALIA/NEW ZEALAND

Nuplex to sell agency and distribution, masterbatch businesses to Axieo for $113 million
Polymer resins producer Nuplex Industries (Auckland, New Zealand) today announced that it has agreed to sell its agency and distribution business and plastic additives business to Axieo (Sydney) for A$127.5 million ($113 million). Axieo is a new company that...

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...

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