IHS Chemical Week

Regions :: Western Europe

U.K. (1149)

Sweden (200)

Finland (262)

Denmark (151)

Netherlands (711)

Belgium (750)

Germany (2257)

France (819)

Spain (198)

Italy (323)

Switzerland (572)

Austria (152)


U.K.

Redx Pharma announces pricing of IPO, begins trading Friday
Redx Pharma (Liverpool, UK), the drug discovery and development company, further to the announcement of its intention to seek an admission to trading on the London Stock Exchange's AIM, has announced details of the pricing of its initial public offering and...

Eastman confirms closure of UK acetate tow plant
Eastman Chemical today confirmed that it will close its Workington, UK, acetate tow manufacturing site, which employs 152 people. Production at the site will cease in April, and the site is expected to completely close in the third quarter. Eastman said...

Applied Graphene Materials reports loss, plans expansion of production capacity
Applied Graphene Materials (Wilton, UK), a producer of specialty graphene materials, today announced its interim results for the six months ended 31 January. The company reports a loss before tax of £1.9 million ($2.83 million) versus a loss of...

European benzene stronger ahead of CP talks
With European spot prices for benzene moving back up to $700 per mt CIF ARA, a triple digit increase in the April contract price looks feasible as the length which weighed on March discussions has been cleared by an ongoing open arbitrage to the US during...

Sabic v.p./Europe leaving, successor appointed
Sabic's Europe arm today confirmed that Mark Williams, 47, has been appointed its v.p., replacing Koos van Haasteren, who has decided to leave the company. Williams assumes his new role on 1 April. He is currently senior general manager/manufacturing based at...

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SWEDEN

Perstorp starts up oxo unit, its largest plant investment
Perstorp (Perstorp, Sweden) has announced the successful start-up of its oxo plant at Stenugsund, Sweden. The new plant is Perstorp’s largest ever plant investment, boosting its total oxo capacity by 150,000 m.t./year. The company will use the plant to...

Public consultation launched on proposals to identify two substances as SVHC
The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation on proposals to identify two new substances of very high concern (SVHC), part of the European Union’s Registration, Evaluation, Authorisation, and Restriction of Chemicals...

Perstorp's fourth-quarter net loss drops, Ebitda and sales up
Perstorp (Malmö, Sweden) reported a net loss of 942 million Swedish krona ($113 million) during the fourth quarter of 2014 down from the SEK1.03 billion loss reported in the same period the year prior. Ebitda for the reporting period stood at SEK291...

EEA report: Increasing use of renewable energy results in falling carbon emissions in Europe
The use of renewable energy resources is successfully driving down carbon emissions in Europe, according to a report published by the European Environment Agency (EEA; Copenhagen). EU greenhouse gas (GHG) emissions could have been 7% higher in 2012 than...

Odfjell's net loss narrows, no benefit yet from lower fuel costs
Odfjell reported a net loss of $18 million in the fourth quarter of 2014, an improvement on the $101-million net loss posted by the company in the corresponding period of 2013. Revenue declined year-on-year in the fourth quarter to $245 million from $256...

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FINLAND

UPM commissions biorefinery in Finland
UPM Group, one of the world’s largest pulp and paper companies, has recently commissioned the first wood-based biorefinery producing renewable diesel at Lappeenranta, Finland. The diesel reduces greenhouse gas emissions by 80% compared with conventional...

Kemira appoints interim president/paper and Asia/Pacific
Kemira announced today the appointment of Mats Rönnbäck as interim president/paper segment and Asia/Pacific and member of Kemira's management board as of 1 April. Rönnbäck is currently based in Hong Kong. Kemira said earlier this year...

GE and Kemira create global alliance to bring water technology to pulp and paper industry
GE and Kemira have entered into a formal distribution agreement that combines GE's water technology with Kemira’s on-site services to deliver a seamless offering to the global pulp and paper industry, GE says. “Pulp and paper mills use vast...

Kemira board appointment
Kemira has appointed Esa-Matti Puputti executive v.p./operational excellence and a member of the Kemira board, effective May 2015. He will report to Kemira president and CEO Jari Rosendal. Puputti was until recently senior v.p./supply chain and sourcing at...

EEA report: Increasing use of renewable energy results in falling carbon emissions in Europe
The use of renewable energy resources is successfully driving down carbon emissions in Europe, according to a report published by the European Environment Agency (EEA; Copenhagen). EU greenhouse gas (GHG) emissions could have been 7% higher in 2012 than...

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DENMARK

Haldor Topsoe and FLSmidth join forces to market catalytic filter bag technology
Haldor Topsoe and FLSmidth (Copenhagen), a supplier of equipment and services to the cement and minerals industries, have signed a cooperation agreement for a joined, global effort to commercialize a newly developed catalytic filter bag technology. The...

Novozymes updates financial targets for 2015–20, announces new strategy
Novozymes (Bagsvaerd, Denmark) today announced a new corporate strategy, Partnering for Impact, accompanied by a revised set of long-term financial, environmental, and social targets, as well as a new purpose statement. Novozymes’ updated long-term...

Platform raises $2 billion to fund Arysta purchase
Platform Specialty Products says it plans to raise $2 billion from senior notes and term loans to fund its $3.5-billion acquisition of agricultural chemicals firm Arysta. Platform says it will offer $500 million of senior notes due 2022 denominated in US...

Wacker to reorganize silicone distribution in Nordic countries
Wacker announced today that it will reorganize its silicone distribution operations in the Nordic countries. As of 1 March 2015, Lindberg & Lund, the Norwegian chemicals distributor, will market room-temperature-vulcanizing silicone-rubber grades in...

Elopak to use renewable polyethylene in beverage cartons
Elopak (Oslo), a leading liquid food packaging supplier, has announced the launch of beverage cartons featuring certified renewable polyethylene (PE). A wide range of these cartons will be commercially available in the coming months, making Elopak the first...

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NETHERLANDS

Sabic v.p./Europe leaving, successor appointed
Sabic's Europe arm today confirmed that Mark Williams, 47, has been appointed its v.p., replacing Koos van Haasteren, who has decided to leave the company. Williams assumes his new role on 1 April. He is currently senior general manager/manufacturing based at...

Completion of Kemira’s acquisition of AkzoNobel’s paper chemical business delayed until second quarter
Kemira says that its previously announced acquisition of AkzoNobel's global paper chemical business is now expected to be completed in the second quarter. Kemira announced last July that it will acquire the paper chemicals business for €153 million...

Ineos to sell assets to ICIG as part of EU rule on the proposed formation of vinyls jv with Solvay
Ineos and Solvay said today that they have reached an agreement with International Chemical Investors Group (ICIG; Luxembourg) to acquire the assets being divested by Ineos. This agreement, which follows extensive discussions with the European Commission in...

DSM board member to leave the company
DSM today announced that it and managing board member Stefan Doboczky have agreed that his term as a board member will not be renewed at the upcoming annual general meeting (AGM) of shareholders on 30 April. Doboczky has worked in DSM’s pharmaceutical...

DSM sells 65% stake in caprolactam, acrylonitrile and composite resins businesses to CVC
The enterprise value of the transaction is €600 million ($674.8 million) plus an earnout of up to €175 million. Net cash proceeds at closing to DSM will be about €300–350 million....

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BELGIUM

AkzoNobel to invest in organic peroxides operations in Europe and the US
AkzoNobel today announced plans to invest more than €20 million ($21.7 million) in its organic peroxides production facilities at Mons, Belgium; and Pasadena, TX. At Mons, the company is introducing new technologies to increase efficiency, which will...

Ineos to sell assets to ICIG as part of EU rule on the proposed formation of vinyls jv with Solvay
Ineos and Solvay said today that they have reached an agreement with International Chemical Investors Group (ICIG; Luxembourg) to acquire the assets being divested by Ineos. This agreement, which follows extensive discussions with the European Commission in...

Frutarom acquires Belgium-based flavors company Taiga
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired flavors company Taiga International (Puurs, Belgium) for about $2.9 million. The transaction has been independently financed, Frutarom says. Taiga, which was...

Europe's styrene-benzene spread reaches record high
The spread between styrene and benzene prices reached an all-time high in Europe this week as spot styrene continued to surge but benzene faltered.   March styrene offers breached $1,400/m.t. fob Rotterdam yesterday, with reports of trade done at...

Prayon raises phosphate prices as the euro continues its downward slide
Prayon (Engis, Belgium), a leading producer of phosphate raw material and fertilizers, has announced a price increase of its phosphate products worldwide. The increase of around €100/m.t. of P2O5 in Europe will take effect on 1 April 2015, and covers the...

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GERMANY

LG Chem to supply Li-ion batteries for Daimler’s electric vehicles
LG Chem (Seoul) says that it has been selected by automotive company Daimler (Stuttgart, Germany) to supply lithium-ion (Li-ion) batteries for Daimler’s Smart-brand electric vehicles (EVs) that will be launched in 2016. Daimler’s Smart micro cars...

BASF appoints new president of oil & gas and Wintershall subsidiary
BASF said today that Mario Mehren, member of the board of executive directors of Wintershall (Kassel, Germany) responsible for exploration & production/Russia, North Africa and South America, has been named president of BASF’s oil & gas division...

Haldor Topsoe and Ferrostaal form joint venture
Haldor Topsoe and construction and engineering firm Ferrostaal (Essen, Germany) today announced their establishment of Ferrostaal Topsoe Projects (Essen), an equally owned joint venture that will develop, finance, and execute major industrial projects in the...

Chemical industry workers in Germany to get 2.8% pay rise
Employers association and trade union in Germany have agreed on a salary agreement. The 550,000 employees in Germany’s chemical industry will receive a pay rise of 2.8%, following one month further under the current tariff agreement. The agreement...

Merck KGaA vice chairman to become new chairman?
Merck KGaA has declined to comment on reports that Stefan Oschmann, vice chairman of the executive board, will succeed Karl-Ludwig Kley as chairman next year. “No decision has been made” on the succession, a spokesman tells CW. Kley’s...

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FRANCE

Novasep and Celladon sign Mydicar API supply agreement
Novasep (Pompey, France), a supplier of services and technologies to the life sciences and chemical industries, says that it has signed a development, manufacturing, and supply agreement with Celladon (San Diego), a clinical-stage biotechnology company, under...

METabolic EXplorer increases sales, operating income; reduces net loss
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced that revenues rose to €3.7 million ($4.04 million) in 2014, up from €700,000 in 2013. Operating income also increased, from €1.2 million in 2013 to...

European benzene stronger ahead of CP talks
With European spot prices for benzene moving back up to $700 per mt CIF ARA, a triple digit increase in the April contract price looks feasible as the length which weighed on March discussions has been cleared by an ongoing open arbitrage to the US during...

ECHA considers proposal to restrict BPA in thermal paper
The European Chemicals Agency (ECHA; Helsinki) says that its risk assessment committee (RAC) is continuing to deliberate on a proposal from France to restrict the use of bisphenol A (BPA) as a dye developer in thermal paper. Such paper is commonly used in...

Ineos to sell assets to ICIG as part of EU rule on the proposed formation of vinyls jv with Solvay
Ineos and Solvay said today that they have reached an agreement with International Chemical Investors Group (ICIG; Luxembourg) to acquire the assets being divested by Ineos. This agreement, which follows extensive discussions with the European Commission in...

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SPAIN

Reports: Indorama Ventures eyeing Cepsa's PTA, PET assets in Spain
Inodorama Ventures (Bangkok) is negotiating to buy Cepsa’s (Madrid) polyester manufacturing facilities at San Roque, Spain, according to Bloomberg, citing people familiar with the situation. The move would add to Indorama’s recently agreed deal to...

Lubrizol and Velox expand TPU distribution deal
Lubrizol says that it has, since January, agreed with Velox (Hamburg, Germany), a distributor of specialty raw materials for the plastics, composites, rubber, paints, and coatings industries across Europe, to expand the distribution for Lubrizol’s...

Distributor Ter Group buys businesses in Portugal, Spain
Chemical distributor Ter Group (Hamburg) says that it has acquired Adiquímica, the Portuguese subsidiary of chemical distributor Grupo Adi (Barcelona). Ter Group has also acquired Grupo Adi's paints, coatings, and construction chemical distribution...

Frutarom acquires companies in Spain, UK
Frutarom Industries, a leading player in the flavors and specialty fine ingredients industries, on Tuesday announced two acquisitions, one in Spain, the other in the United Kingdom. The company is buying Ingredientes Naturales Seleccionados SL of Spain for...

Reports: Cepsa considers selling some PTA and other assets
Cepsa Química (Madrid), a Cepsa subsidiary,  is mulling the sale of two of its petrochemical facilities, according to local press reports. One plant is near Cádiz, Spain; and the other is at Montreal, the reports say. The assets produce...

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ITALY

European benzene stronger ahead of CP talks
With European spot prices for benzene moving back up to $700 per mt CIF ARA, a triple digit increase in the April contract price looks feasible as the length which weighed on March discussions has been cleared by an ongoing open arbitrage to the US during...

ChemChina to acquire controlling stake in tire maker Pirelli
China National Chemical Corp. (ChemChina; Beijing) has reached agreement to purchase Camfin's (CF) 26.2% stake in Italian tire maker Pirelli at €15/share ($16.40/share). ChemChina, Camfin, and other investors will make a joint tender...

Arkema acquires organic peroxides firm Oxido
Arkema said today that on 2 March it finalized the acquisition of Oxido, a company specializing in the formulation of organic peroxides used in the crosslinking of rubber and plastics, as well as initiators for polyester resins and hardeners. Oxido has sales...

GFBiochemicals to start commercial production of levulinic acid this summer
GFBiochemicals (Milan, Italy), a company that specializes in the research, development, and production of biobased chemicals and fuels, has announced that it is starting commercialization of levulinic acid (4-oxopentanoic acid) at its Caserta, Italy, plant...

Versalis cuts its losses on higher margins, restructuring
ENI (Rome) has announced that its chemicals subsidiary Versalis narrowed its net loss to €58.0 million ($66.1 million) in the fourth quarter of 2014 from €116 million in the corresponding quarter of 2013. Versalis's sales declined 11%...

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SWITZERLAND

Gurit appoints CFO
Composite materials supplier Gurit (Zurich) said today it has appointed Angelo Quabba as CFO and a member of the company’s executive committee, effective 1 August. Quabba is currently executive v.p./finance at Bruker's (Billerica, MA) analytical and...

Sika acquires Australian tile adhesives firm
Sika (Baar, Switzerland) says that it has agreed to acquire Construction Technologies Australia (CTA; Crestmead), one of the leading suppliers of tile adhesives and associated mortar products in Australia. Financial details of the deal have not been...

Reports: Evonik mulls acquiring Clariant
Evonik Industries is considering acquiring Clariant in a deal valued at approximately 7.3 billion Swiss francs ($7.59 billion), the Financial Times reports, citing people familiar with the matter. When contacted by CW, Evonik said it does not comment on...

Evolva and Sumitomo Chemical subsidiary to co-develop agricultural bioactives
Sumitomo Chemical’s wholly owned Valent BioSciences (Libertyville, IL) subsidiary and Evolva (Reinach, Switzerland) have signed an exclusive agreement to codevelop and commercialize a class of high-value active ingredients for use as next-generation...

Firmenich taps Unilever for chief research officer
Flavors and fragrances firm Firmenich (Geneva) has appointed Geneviève Berger as chief research officer, effective 1 July. She will report directly to the CEO, Gilbert Ghostine. Berger most recently served as chief research and development officer at...

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AUSTRIA

Lenzing reports increased Ebitda, lower sales in 'very challenging' environment
Lenzing, (Lenzing, Austria), a man-made cellulosic fibers producer, says sales fell by 2.3%, to €1.86 billion ($2.02 billion), in fiscal 2014 compared with sales of €1.91 billion in full-year 2013. The company ascribes the drop in sales to a further...

Lenzing taps DSM board member for CEO
Lenzing Group, (Lenzing, Austria), the man-made cellulosic fibers producer, said today that it has appointed Stefan Doboczky as the new CEO of Lenzing AG. Doboczky, who resigned from the board of DSM, will assume his new function on 1 June 2015. He takes over...

ICL completes acquisition of food ingredients firm Prolactal
Israel Chemicals Ltd. (ICL; Tel Aviv) says that the previously announced acquisition of Prolactal (Hartberg, Austria) and its subsidiary Rovita (Engelsberg, Germany) was completed on 13 March. Prolactal is a leading European producer of dairy proteins and...

Lenzing expects to report a loss in 2014, but operating results above expectations
Lenzing Group (Lenzing, Austria) says today that it expects consolidated sales to be €1.86 billion ($2.1 billion) in full-year 2014, according to preliminary figures, compared with €1.91 billion in 2013, a decrease of 2.6% year-on-year. This drop...

Borealis reports record net profit in 2014, warns of lower profit this year
Borealis today reported a 5% decline in fourth-quarter net profit to €141 million ($157.9 million) on 6% lower sales of €1.98 billion. Full-year 2014 net profit, however, was up 35% to €571 million, with sales advancing 3% to €8.33...

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