KUWAIT

Israel Chemicals Second-Quarter Profits Soar
Israel Chemicals Ltd. (ICL; Tel Aviv) has reported a 445% increase in net profits to $703.2 million for the second quarter ended June 30. And sales for the period increased by 116% to $2.07 billion. The rise in sales was driven by ICL Fertilizers business...

Sun Pharma Gets U.S. FTC Approval for Taro Tender Offer
Sun Pharmaceutical Industries (Mumbai) says the U.S. Federal Trade Commission (FTC; Washington DC) has given clearance for the previously announced tender offer by Alkaloida Chemical Company Exclusive Group (Tiszavasvari, Hungary), a subsidiary of...

Dow-Kuwait JV Appoints CEO, Selects Michigan for HQ
Dow Chemical and Kuwait Petroleum’s Petrochemical Industries Company (PIC; Kuwait City) have named James R. Fitterling as CEO of their proposed petchem joint venture. The 50-50 jv will be...

Equate Reports Mechanical Completion of EG Unit
Equate Petrochemical Co., says it it has achieved mechanical completion of its 600,000 m.t./year ethylene glycol (EG) plant, built as part of the Olefins II Kuwait Program and handed over to Equate. Commissioning activities...

Equate Signs Off-gas Supply Deal
Equate Petrochemical (Kuwait) says this week it has signed a deal to provide CO2 off-gas from its manufacturing facilities to business conglomerate Alnafisi International (Kuwait). The project should be in commercial operation by the first quarter of 2010...

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