IHS Chemical Week

Regions :: Eastern Europe

Poland (106)

Hungary (80)

Czech republic (45)

Russia (519)


POLAND

Grupa Azoty announces expansion of nylon-6 production, fertilizer granulation capacity
Grupa Azoty (Tarnów, Poland) is launching investments in the plastics and fertilizers segments, the company announced. The company will build additional nylon-6 production and calcium ammonium nitrate (CAN) granulation plants with a total estimated...

Poland announces tax breaks for shale gas exploration
Poland has offered six-year tax breaks to the country's shale gas industry, to speed up exploration work. The Polish authorities have, in recent years, awarded shale gas exploration licenses, but uncertainty over the related tax regime and future legislation...

Kemira opens business service center in Poland
Kemira says it has opened its previously announced new business service center at Gdansk, Poland. The center will enable process optimization, centralization, and improved cross-functional collaboration for transactional activities in customer service...

Tikkurila makes leadership changes in Eastern Europe
Paints and coatings company Tikkurila (Helsinki) has announced leadership changes in its business units in Eastern Europe. Simo Laitala has resigned as head/Russia, effective 11 February. Laitala will be replaced by Ilari Hyyrynen, currently responsible for...

Polish firms launch detailed study for $3.9-billion petrochemicals project
Refining company Grupa Lotos (Gdańsk, Poland) and chemicals, fertilizers, and plastics producer Grupa Azoty (Tarnów, Poland) have signed an agreement to form a special-purpose vehicle that will carry out a comprehensive feasibility study for the...

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HUNGARY

Report: Chevron authorized to place second shale gas exploration well in Romania
Chevron has obtained authorization to place a second shale gas exploration well at Puiesti in Vaslui County, northeastern Romania, according to a report from Agerpres, Romania's news agency, that quotes Tom Holst, manager of Chevron Romania. The Agency for...

Oltchim privatization delayed again, bidders interested in buying refinery
The Romanian government has delayed for a second time, by up to 45 days, the deadline for submission of binding offers to acquire the state's majority stake in chemicals and petrochemicals producer Oltchim (Ramnicu Valcea, Romania), Romanian press reports...

Privatization of Croatia fertilizer firm fails to attract binding offers
The Croatian government did not receive any binding offers for a stake of up to 75% in state-owned nitrogen fertilizer producer Petrokemija (Kutina, Croatia) by a deadline of 12 March, Petrokemija says. The government received four nonbinding offers in...

Codexis sells its operations in Hungary to US biotech firm Intrexon
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says it has sold its subsidiary and laboratory operations at Budapest, to biotechnology company Intrexon (Germantown, MD), for a purchase price of...

TVK reports rise in profitability, sales
Petrochemical producer TVK (Tiszaújváros, Hungary) says that its operating profit in fourth-quarter 2013 was 411 million forint ($1.82 million) compared with a loss of Ft115 million in the corresponding quarter in 2012. Ebitda was Ft3.75 billion...

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CZECH REPUBLIC

Unipetrol reports improved earnings, petchems to benefit from most of investments
Unipetrol (Prague), a member of the Orlen Group (Plock, Poland), today reported an improvement in fourth-quarter profits  and said that the petrochemical segment has continued to be the key profit maker for the group. Unipetrol’s Ebitda in the...

Slovnaft secures €200-million syndicated loan from eight banks
Refining and petrochemicals company Slovnaft (Bratislava, Slovakia) has signed an agreement with eight banks to receive loans amounting to €200 million ($274.1 million), the company announced. The funds have not been earmarked for specific purposes and...

Makhteshim Agan acquires Slovak agchems distributor Agrovita
Makhteshim Agan, the world leader in branded, off-patent crop protection solutions, announced today that it has acquired Agrovita, a distributor of crop protection products in Slovakia. Agrovita, founded in 1991, is one of the top five distributors of crop...

Unipetrol buys Shell out of Czech refineries, securing supply of petchem feedstocks
Unipetrol (Prague) says it has signed a share purchase agreement with Shell Overseas Investments to acquire Shell’s 16.335% stake in Česká Rafinérská for $27.2 million. Unipetrol, a subsidiary of PKN Orlen (Plock, Poland), will...

Unipetrol selects Ineos's Innovene S technology for PE production at Litvinov
Unipetrol (Prague) has selected Ineos's Innovene S technologies for polyethylene (PE) production at Litvinov, Czech Republic, Ineos Technologies announced today. The license covers the manufacture of medium-density PE and high-density PE (HDPE). The...

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RUSSIA

Sibur subsidiary completes PET expansion in eastern Russia
Polief (Blagoveshchensk, Russia), a subsidiary of Sibur (Moscow), has completed a polyethylene terephthalate (PET) expansion, increasing capacity from 140,000 m.t./year, to 210,000 m.t./year at Blagoveshchensk, eastern Russia, Sibur announced. Investment in...

EU goes ahead with tariff cuts on imports from Ukraine
The European Union's foreign affairs council has adopted the European Commision's previously announced proposal to cut or eliminate temporarily EU tariffs on imports from Ukraine. The adoption follows the European Parliament's support for the measures...

Reports: Belarus extends potash export subsidy until year-end
Belarusan authorities have extended the country's zero export duty on potash until 31 December, according to local press reports. The duty, which previously was €75–85/m.t. ($104–118),  was initially reduced to zero for 1 September...

Uralkali posts falls in 2013 earnings, sales; says performance improved after exit from potash cartel
Leading potash producer Uralkali (Berezniki, Russia) says its 2013 net profit dropped 58%, to $666 million on revenue down 20%, to $2.7 billion. Uralkali's Ebitda declined 31% in 2013, to $1.6 billion. Quarterly figures were not disclosed. Uralkali's potash...

Russia hikes Ukraine's gas price more than expected
Gazprom (Moscow) has hiked the second-quarter price it charges for supplies of natural gas to industrial consumers in Ukraine by more than $200.00 per 1,000 cubic meters, to $485.50 per 1,000 cu meters. The first-quarter price of $268.50 per 1,000 cu meters...

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