IHS Chemical Week

Regions :: Western Europe

U.K. (1003)

Sweden (168)

Finland (234)

Denmark (135)

Netherlands (616)

Belgium (668)

Germany (2023)

France (749)

Spain (179)

Italy (287)

Switzerland (502)

Austria (129)


U.K.

Duo UK to produce mailing bags using Braskem's Green PE
Resin Trade (Burton on Trent, UK), a polymer distribution company, has selected polyethylene (PE) bag manufacturer Duo UK to be the first UK-based company to produce mailing bags using Green PE, made entirely from sugarcane ethanol. Green PE has been...

Sabic proceeds with converting UK cracker to use US ethane
Sabic has announced that it is going ahead with majorly upgrading its olefins plant at Wilton, UK, to enable it to use ethane gas feedstock imported from the United States. The company said last year that it is carrying out studies to convert the naphtha...

BASF invests in organic semiconductor inks firm SmartKem
BASF's venture capital business says it has invested €1.0 million ($1.3 million) in the technology company SmartKem (St. Asaph, UK), a leader in R&D of high-performance organic semiconductor inks. The inks are used in printed thin film transistors...

Synthomer posts lower earnings and sales on strong UK currency, weak Asian nitriles
Synthomer (Harlow, UK) posted a 7% decline in pretax profit for the first half of 2014 compared with the corresponding period of last year, to £45 million, on sales down 9%, to £510 million. Operating profit also declined—9%, to £51...

Sirius Minerals to close Sydney office to concentrate on UK project
Sirius Minerals says it has decided to close the Sydney office to fully focus on the York potash project in the United Kingdom. Most executive roles in the company, which were initially based at the Sydney office, have been migrated to the United...

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SWEDEN

Borealis reports improved results, says ethane deal will reduce costs significantly
Borealis today reported improved second-quarter results and said that the recently signed contract with North American ethane suppliers will reduce its operating costs in Europe. Mark Garrett, CEO, speaking to CW this morning, said that Borouge...

Borealis to import ethane from the US to feed ethylene plant in Sweden
Borealis announced today that it has signed a 10-year agreement with Antero Resources (Denver, CO) to supply ethane from the United States for its flexible steam cracker at Stenungsund, Sweden. The plan also includes a shipping agreement with Navigator...

Arkema and Omya enter plastic additives distribution agreement in Europe
Omya and Arkema today announced an agreement under which Omya will market Arkema's plastic additives range for various polymer markets, including impact modifier and processing aid solutions, across Europe except for Spain and Portugal. The agreement covers...

BEWi, StyroChem Finland merge as BEWi Group
BEWi AS (Hamarvik, Norway), a producer of expandable polystyrene (EPS) insulation and packaging, has merged with EPS producer StyroChem Finland Oy (StyroChem; Porvoo, Finland). Although terms of the deal were not disclosed, Verdane Capital, owner of Styrochem, says it will hold a share of the new company, BEWi Group....

ECHA requests comments on CLH for linalool
The European Chemicals Agency (ECHA; Helsinki) has invited interested parties to comment on a hazard class open for public consultation for linalool. The dossier submitter—Sweden—has proposed for harmonized classification and labeling (CLH) of the...

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FINLAND

Waste-to-bioethanol plant to be built in Finland
North European Bio Tech Oy (NEB; Helsinki) has made an investment decision concerning the construction of a bioethanol plant on the Renforsin Ranta industrial estate, at Kajaani, Finland, the company says. The raw material for the plant will be sawdust from...

Tikkurila sales fall 7.4% in second quarter, EPS increases slightly
Paints and coatings company Tikkurila (Helsinki) says its profitability for the first half of 2014 was “good despite weak demand in Russia.” First-half revenue was €334.4 million ($449 million) compared with €346.7 million in first-half...

Kemira reports lower profits and revenues, looking for acquisitions
Kemira today reported its second-quarter results, with net profit down to €1.8 million ($2.4 million) from €3.7 million in the year-earlier quarter. Revenues decreased 9%, to €518.2 million, because of divestments and unfavorable currency...

Kemira to acquire AkzoNobel’s paper chemicals business for €153 million
AkzoNobel and Kemira today announced that Kemira has preliminarily agreed to acquire AkzoNobel's global paper chemicals business for €153 million ($208 million). AkzoNobel's paper chemicals business, which is part of the company’s pulp and...

UPM to commission first commercial-scale, wood-based biorefinery
Pulp, paper, and timber company UPM (Helsinki) is completing work on the world's first commercial-scale, wood-based biorefinery at Lappeenranta, Finland, the company says. The biorefinery will start production in the summer and will produce approximately...

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DENMARK

Novozymes' net profit grows more than 6%, upgrades earnings outlook
Novozymes (Bagsvaerd, Denmark) reported a net profit of 591 million Danish kronor ($105.9 million) in the second quarter of the year, up 6.3% year-on-year (YOY). Ebit also grew by more than 7% YOY, to DK787 million, and revenue grew by just more than 1%, to...

Haldor Topsoe closing subsidiary because of sales, earnings drops
Haldor Topsoe today announced plans to close a fuel cell subsidiary that focuses on developing and commercializing components and technology for high-temperature solid oxide fuel cells (SOFCs). Haldor Topsøe, as part of the planned closure, will put...

Four phthalates added to registry of intentions as SVHCs under Reach
The European Chemicals Agency (ECHA; Helsinki) says that four new substances of very high concern (SVHC) have been added to the registry of intentions, under the European Union’s Registration, Evaluation, Authorisation, and Restriction of Chemicals...

Earth Alive signs patent co-ownership agreement with Novozymes
Earth Alive Clean Technologies (Montreal), a company that develops and manufactures microbial technology-based products, says that it has signed a patent co-ownership agreement with Novozymes (Bagsvaerd, Denmark) for a dust control technology developed by...

Cheminova's parent Auriga initiates review of strategic options
Auriga Industries (Harboøre, Denmark) said on Friday that it has commenced reviewing its strategic options. Auriga is the listed parent company of Cheminova (Lemvig, Denmark), a producer of agricultural chemicals with 2013 sales of 6.6 billion Danish...

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NETHERLANDS

AkzoNobel simplifies structure of performance coatings business
AkzoNobel has announced plans to simplify the structure of its performance coatings business. The new structure, which will become fully operational in January 2015, will reduce the number of global management layers. The business will be managed through...

Strong euro dents Vopak's profits
Vopak posted a 15% fall in net profit for the first half of 2014 compared with the corresponding period of last year, to €138 million, on flat sales of €647 million. Ebitda declined 5% year-on-year, to €366 million, and operating profit dropped...

IMCD posts first results since IPO—big increases in sales and earnings
Specialty chemicals distributor IMCD Group (Rotterdam) posted a a 22% increase in net profit before amortization and nonrecurring items for the first half of 2014 compared with the first half of last year, to €15 million ($20.1 million), on sales up 14%...

DSM reports lower sales, earnings on negative currency effects, weakness in caprolactam
DSM today reported second-quarter net profit from continuing operations before exceptional items of €110 million ($147.6 million), 20% down on the year-earlier quarter. Revenues from continuing operations were flat, €2.29 billion, and Ebitda was 12%...

AkzoNobel reports higher second-quarter profits, confirms outlook
AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to €509 million. Revenues were down 4%, however, to €3.71 billion...

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BELGIUM

Tessenderlo swings to profit during first half
Tessenderlo Group reports a net profit of €27.7 million ($36.5 million) for the first half of the year compared with a €35.1-million net loss in the first half of 2013, according to the latest company results, released today. Tessenderlo says it...

Solvay's Clamadieu to be next president of Cefic
CW has learned that Jean-Pierre Clamadieu, CEO of Solvay, will be elected as the next president of Cefic on 17 October at the Cefic General Assembly at Paris. Clamadieu will succeed Kurt Bock, chairman of BASF, for a two-year term.   Clamadieu already...

Borealis to buy DuPont out of Speciality Polymers Antwerp
Borealis has signed an agreement with DuPont Holding Netherlands to purchase the company's 67% shareholding in Speciality Polymers Antwerp (Zwijndrecht, Belgium), the company announced today. Borealis Polymers NV and Borealis Kaloo NV together own the...

Platform Specialty acquires European crop protection chemicals maker Agriphar for $400 million
Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium) for €300 million ($400 million). This deal, when combined with...

Solvay reports 2% rise in sales, adjusted Ebit jumps 56%, confirms full-year outlook
Solvay today reported net sales for second-quarter 2014 of €2.64 billion ($3.54 billion), an increase of 2% year-on-year (YOY). Operating profit (adjusted Ebit) was €291 million, up 56% YOY. Adjusted net income was (€331 million), compared with...

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GERMANY

Evonik sells remaining stake in energy group Steag
Evonik Industries today said that it has signed a contract with Rhine-Ruhr, a group of several municipal utility companies in Germany’s Ruhr region, to divest its remaining 49% stake in Steag (Essen), an energy company, for €570 million ($751.4...

Clariant plant in Germany gains RSPO certification
Clariant’s industrial and consumer specialties plant at Gendorf, Germany, has been granted mass balance certification from the Roundtable for Sustainable Palm Oil (RSPO; London), permitting mass balance analysis and sourcing of the plant’s palm...

Novomer appoints distributor for its PPC polyols in Germany
Novomer (Waltham, MA) says it has appointed Nordmann, Rassmann (Hamburg) as its authorized distributor of Converge-branded polypropylene carbonate (PPC) polyols in Germany. The distribution agreement represents Novomer’s initial commercial entry into...

K+S reduces size of executive board, extends contracts of chairman and CFO
Potash and magnesium products producer K+S (Kassel, Germany) has announced the extension of the contract of Norbert Steiner, chairman, until May 2017. His contract was scheduled to expire in May 2015. The supervisory board has, at the same time, extended the...

Germany's chemical R&D budget soars past €10 billion
The combined research budget of Germany's chemical industry soared to a record €10.5 bilion ($14.0 billion) in 2013, more than 8% higher than in the previous year, industry association VCI (Frankfurt) says. Andreas Kreimeyer, chairman of VCI's committee...

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FRANCE

PTT Global Chemical raises stake in Vencorex PU JV with Perstorp
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest petrochemicals producer, has confirmed CW’s exclusive report that it is raising the stake in Vencorex, its polyurethanes (PU) joint venture with Perstorp (Perstorp, Sweden). PTTGC announced...

Borealis to divest Biosuper business in France
Borealis is divesting its Biosuper business in France, the company announced today. The Biosuper brand, a phosphate-based dryer used in animal stables; and the related production equipment will be transferred to the new owner, Eliard SPCP (Pontivy, France)...

Arkema's net profit falls by more than a half as sales drop; delays sales, earnings targets
Arkema's quarter-two net income fell by 58%, to €47 million ($63 million) from €112 million one year earlier, according to the company's latest results published today. Ebitda amounted to €206 million, down from €273 million in the second...

Air Liquide's quarter-two revenue down 2.4%
Air Liquide reported €3.77 billion in revenues during the second quarter, down 2.4% year-on-year (YOY), according to the company's results published today. The figures exclude foreign exchange, cost of natural gas, and significant M&A impacts...

Electricity producer EDF agrees to cut power prices for France's biggest industrial consumers
State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity consumers, under which EDF will adjust its long-term supply contract with...

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SPAIN

Portuguese firm acquires La Seda's PET assets in Italy
 Selenis (Portalegre, Portugal) a subsidiary of Control PET (Santo Tirso, Portugal) has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET)  production company of La Seda de Barcelona (El Prat de Llobregat, Spain), La Seda...

Repsol reports higher earnings, new leadership in place
Repsol (Madrid) has posted net income of €520 million ($698.4 million) in the second quarter, an increase of 95% from the year-earlier period. Net income from downstream operations during the quarter was up 32%, to €162 million. Better petrochemical...

Israel Chemicals and AkzoNobel link in salt and white potash joint venture
Israel Chemicals Ltd. (ICL) and AkzoNobel announced today that they have signed a nonbinding memorandum of understanding (MOU) to collaborate on the long-term production and marketing of vacuum salt and white potash. The MOU signed by AkzoNobel and...

Cepsa and Golden Agri-Resources plan joint venture in palm oil derivatives
Cepsa (Madrid) and the Singapore-listed Golden Agri-Resources (GAR) plan to combine forces to market and distribute edible oils and related products, including fatty acids and alcohols. Cepsa Quimica, its parent company IPIC (Abu Dhabi), and GAR have applied...

Companies appeal ECHA decision on medium-chain chlorinated alkanes
Several companies have appealed against a decision taken by the European Chemicals Agency (ECHA; Helsinki) on C14-C17 chloro alkanes (medium-chain chlorinated paraffins, MCCP), the agency says. The contested decision was taken on 25 February, following a...

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ITALY

Jacobs completes work on Huntsman's iron sulfate plant in Italy
Jacobs Engineering says it has recently completed Huntsman pigments segment's new, €38-million ($50.7 million) iron sulfate plant at its titanium dioxide pigment manufacturing facility at Scarlino, Italy. Jacobs worked with Huntsman on the project from...

Novomer appoints distributor for its PPC polyols in Italy
Novomer (Waltham, MA) says it has appointed Reschem Italia (Parabiago, Italy) as its authorized distributor of Converge-registered polypropylene carbonate (PPC) polyols in Italy. Reschem Italia will distribute commercial quantities of Novomer’s new 1000...

Versalis's losses widen, sales and production decline
Versalis (Milan), the chemicals arm of Italy’s energy major ENI (Rome), today reported widening operating and net losses and a decline in revenues and production. The company, which is undergoing a major transformation, reported an adjusted...

Portuguese firm acquires La Seda's PET assets in Italy
 Selenis (Portalegre, Portugal) a subsidiary of Control PET (Santo Tirso, Portugal) has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET)  production company of La Seda de Barcelona (El Prat de Llobregat, Spain), La Seda...

Italian court nullifies Invista's barrier patent, says M&G
M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....

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SWITZERLAND

Siegfried reports a slight increase in profits
Siegfried (Zofingen, Switzerland) reports a 1.6% rise in net profits for the first six months of 2014 compared with the year-ago period, to 18.8 million Swiss francs ($20.5 million). First-half sales decreased 16%, however, to SF165.1 million. Fluctuations in...

Flavors and fragrances firm Firmenich appoints new CEO
Firmenich (Geneva), the world's largest privately owned flavors and fragrances firm, has appointed Gilbert Ghostine as its new CEO, effective 1 October. Ghostine was most recently president/Asia/Pacific at Diageo, the world's leading premium drinks company...

Swiss health-care group Galenica to split into two listed companies
Galenica (Bern, Switzerland) said today that it is adapting a new management structure. The group will be headed by two CEOs, one in charge of Vifor Pharma, formerly the pharma division, and one of Gelenica Santé, the former Santé division. Both...

WTO rejects China's appeal of ruling against rare earth export restrictions
The World Trade Organization (WTO; Geneva) has rejected an appeal by China against a WTO ruling earlier this year that China's export restrictions on the key industrial raw materials rare earths, molybdenum, and tungsten violate trade rules. WTO's appellate...

Sika reports 18% growth in first-half 2014 sales, net profit leaps 25.7%
Sika (Baar, Switzerland) says its sales for first-half 2014 increased to 2.66 billion Swiss francs ($2.94 billion), an increase of 18% in local currency, or 10.6% in Swiss francs. Operating profit before depreciation (Ebitda) was SF347.7 million for the first...

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AUSTRIA

Lenzing reports lower sales and earnings, speeds up savings plan
Lenzing today reported Ebitda declined 29%, to €91.1 million ($121.9 million), in the first six months of 2014 on 9.1% lower sales of €900.0 million. Ebitda margin declined from 13.7% in the first half of last year to 10.2%. Ebit more than halved...

Borealis reports improved results, says ethane deal will reduce costs significantly
Borealis today reported improved second-quarter results and said that the recently signed contract with North American ethane suppliers will reduce its operating costs in Europe. Mark Garrett, CEO, speaking to CW this morning, said that Borouge...

OMV posts slight decline in petchem profit on lower ethylene margins
Energy company OMV (Vienna) says that operating profit at the company's petrochemicals business was €40 million ($53.4 million) in the second quarter, slightly lower than in the corresponding period of 2013 mainly because of lower ethylene margins. The...

ECHA announces four CLH dossiers submitted, two intentions added
The European Chemicals Agency (ECHA; Helsinki) says that European Union member states have indicated their intention to submit harmonised classification and labelling (CLH) dossiers for two substances, and dossiers have been submitted for four others. The new...

ECHA adds four substances to registry of intentions as potential SVHCs
The European Chemicals Agency (ECHA; Helsinki) says that four potential substances of very high concern (SVHC) have been included in the registry of intentions. European Union member states intend to prepare dossiers on these substances to make a case for...

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