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Poland (60) Hungary (35) Czech republic (26) Russia (230)
POLAND Indorama Relocates Trevira's Texturizing Capacity from Poland to Germany
Indorama Ventures (Bangkok) announced through a letter to Thailand's stock exchange that it would relocate the texturizing capacity of its Trevira (Bobingen, Germany) joint venture. The relocation is expected to be completed by the end of 2012 and it... Indorama Merges Subsidiaries in Poland
Indorama Ventures (Bangkok) says it has merged its two subsidiaries in... Sumitomo to Build Aluminum Titanate DPF Plant in Poland
Sumitomo Chemical says it will build a new plant to produce aluminum titanate diesel particulate filters (DPF) at the site of its new wholly owned subsidiary Sumika Ceramics Poland, which was established in September 2011. The plant is expected to begin... Oiltanking Plans Tank Storage JV in Poland
Oiltanking (Hamburg) and PERN (Plock, Poland) have agreed to form a joint venture that will construct a tank storage terminal in the port of Gdansk, Poland. The plot of land dedicated for development of... Polish Firm ZA Tarnów in Rights Issue to Help Finance Acquisition of ZCh Police
ZATarnów (ZAT; Tarnów, Poland) says it plans to raise more than zl 602 million ($221 million) from a rights issue to help pay for a planned acquisition of ZCh Police (Police, Poland). ZAT, which last month announced that it intends to buy... More Stories » HUNGARY Oltchim Privatization Delayed for Four Months
The International Monetary Fund (IMF) has agreed to a four-month extension, until April 2012, of the deadline for the previously announced privatization of chemical company Oltchim (Ramnicu Valcea, Romania). The delay is covered by a letter of intent, signed... Donau Chemie to Build Water Treatment Plant at BorsodChem Site
Donau Chemie (Vienna) will build a water treatment chemicals plant at the Kazincbarcika, Hungary manufacturing site of BorsodChem (Kazincbarcika), BorsodChem says. The water treatment chemicals... Shareholder Unrest Continues at Romania's Oltchim
Private equity firm Carlson Ventures International (London) says it is considering divesting its 14% stake in Oltchim (Ramnicu Valcea, Romania) because it is "deeply worried with the continuous worsening of Oltchim's financial situation, characterized by... BorsodChem to Shut down PVC Processing Business
BorsodChem (Kazincbarcika, Hungary) says it has decided to close the company's money-losing polyvinyl chloride (PVC) processing business, Ablakprofil, with the... Romania's Oltchim Slashes Output to Cut Costs
Oltchim (Ramnicu Valcea, Romania) says it will cut its output to 30% of nameplate capacity during the month of August to cut costs because the company cannot finance its working capital. Oltchim has faced steep rises in raw material costs this year. The... More Stories » CZECH REPUBLIC Court Approves Sale of Bankrupt Slovak Chemicals Firm
A regional court at Trencin, Slovakia has approved the sale of bankrupt chemicals and polymers producer Novacke Chemicke Zavody (NCHZ; Novaky, Slovakia) to Via Chem (Prague), press reports in Slovakia say. The court was asked to rule on the... PKN Orlen Wins Arbitration Case Against Agrofert
Refinining and petrochemical company PKN Orlen (Plock, Poland) says it has won the latest in a series of arbitration cases against holding company Agrofert (Prague) concerning PKN's acquisition of refining and petchems firm Unipetrol (Prague) earlier this... BASF's Amadea Becomes Hot Potato
BASF says it has informed the European Commission that it found “extremely small” quantities of its Amadea genetically engineered potato plants – which have yet to be approved for cultivation in the European Union (EU) - growing in fields in... Czech Firm Secures Approval for Chlor-Alkali Project Delay
Spolchemie will replace its mercury-cell plant by the end of 2013.... Israel Chemicals Completes Acquisitions in Europe
The company has purchased six water treatment and cleaning products businesses.... More Stories » RUSSIA PhosAgro and Russian Aluminum Maker Sign Aluminum Fluoride Supply Deal
Rusal (Moscow), the global leading producer of aluminum, and fertilizer producer PhosAgro today announced an agreement for the supply of increased quantities of aluminum fluoride by PhosAgro to Rusal until 2034. This long-term agreement will lead to... Sharabaika Appointed CFO of PhosAgro
PhosAgro (Moscow), a vertically integrated producer of phosphate-based fertilizers, says it has appointed Alexander Sharabaika as CFO. The position of CFO was previously held by Roman Osipov. Osipov has been named... Nuplex to Form Resins JV in Russia
Polymer resins producer Nuplex Industries (Auckland, New Zealand) says that its European subsidiary, Nuplex Resins, has signed an agreement to establish a 50-50 joint venture with paints and resins maker KVIL Group (Belgorod, Russia). The jv will initially be... Lanxess to Build Rubber Chemicals Plant in Russia
Lanxess says that its Rhein Chemie subsidiary will build a rubber chemicals plant in Russia. The plant will be built at a new site at Lipezk and it will initially produce up to 1,500 m.t./year of rubber additives and about 500 m.t./year of release... Sibur Completes Sale of Tire Business
Sibur (Moscow) confirms completion of the sale of its tire business, Sibur-Russian Tyres (SRT), to a group of investors. Vadim Gurinov, former CEO of Russia's largest tire manufacturer, and the management of SRT are some of the members of the group that... More Stories »
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