IHS Chemical Week

Regions :: Western Europe

U.K. (1137)

Sweden (199)

Finland (259)

Denmark (151)

Netherlands (699)

Belgium (741)

Germany (2222)

France (811)

Spain (197)

Italy (321)

Switzerland (562)

Austria (149)


U.K.

Rennovia, Johnson Matthey to co-develop and manufacture catalysts for biobased adipic acid process
Rennovia (Santa Clara, CA) and Johnson Matthey have entered into a joint agreement for the co-development and manufacture of catalysts to be used in the scale-up and commercialization of Rennovia’s process for the production of biobased glucaric acid...

USW Strike Day 31: Shell seeks return to normal operations as strike continues
Shell said on Tuesday that it is training additional staff as it seeks to assure normal operations at facilities that have been impacted by a work stoppage by the United Steelworkers (USW; Pittsburgh). In a letter to employees, Aamir Farid, Shell's...

USW strike continues with discussions at national level set for Wednesday
The United Steelworkers (USW; Pittsburgh) union said on Monday that there has been no change in negotiations with Royal Dutch Shell regarding a new three-year labor contract agreement and that its strike against the oil industry remains in place. The union...

DSM completes sale of resins distribution business to UK firm
DSM today announced that it has finalized the previously announced sale of its Euroresins business to Cathay Investments (Sutton, UK). Euroresins distributes products to the composite resins industry with activities in nine countries in Europe, including...

Synthomer posts lower profit, sales
Synthomer (Harlow, UK), a producer of rubber latices and specialty emulsion polymers, reported 2014 pretax profit of £86.0 million, down 5%, on sales down 6%, to £990.5 million. Operating profit declined 8% in 2014, to £96.5 million...

More Stories »

SWEDEN

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...

EU conditionally approves GSK-Novartis deals
The European Commission said on Wednesday that it has cleared both GlaxoSmithKline's (GSK) proposed acquisition of Novartis's vaccines business and the proposed creation of an entity combining the consumer health activities of GSK and Novartis. The...

More Stories »

FINLAND

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...

Kemira reports growth, improved profitability
Kemira (Helsinki) has today announced results for fourth-quarter and full-year 2014. The company says that revenue “remained stable” at €547.1 million ($619.4 million) in the quarter compared with €545.2 million in the year-ago period...

Tikkurila reports fall in sales and profit in fourth-quarter and full-year 2014
Paints and coatings company Tikkurila (Helsinki) says its revenue in fourth-quarter 2014 was €104.4 million ($118.0 million), a drop of 11% compared with sales of €116.7 million in the year-ago quarter. Operating profit (Ebit) excluding nonrecurring...

Evonik invests in nanophotonics company in Finland
Evonik Industries says that it has invested in Nanocomp (Lehmo, Finland) and now holds a minority stake in the company. Nanocomp is a privately held company established in 1997 and focuses on manufacturing micro- and nanophotonic products for consumer...

More Stories »

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...

More Stories »

NETHERLANDS

Europe benzene spot price gains boosted by US prices
Benzene spot prices have gained more than $100/m.t. in Europe in one week, prompted primarily by a push-up on price in the US market. The increase in spot prices has led some players to speculate that the troublesome length in Europe, which drove prices lower...

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...

Rare Europe-to-Asia arbitrage opens as Europe's benzene market lengthens
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into March. Given recent expansions in Asia's aromatics capacity, the more usual...

Shell confirms plans to rebuild Moerdijk POSM unit, aromatics plant back onstream, cracker to restart in third quarter
Royal Dutch Shell says that it has made a final investment decision to rebuild the Ellba propylene oxide–styrene monomer (POSM) plant at Shell Chemicals' Moerdijk, Netherlands, site, which was badly damaged by an explosion in June 2014. Shell announced...

Oiltanking sells minority stakes in two European terminals to investment firm
Oiltanking (Hamburg) says that it has agreed to divest stakes of 45% in two of the company's tank storage terminals in northwest Europe, to 3i Infrastructure. The terminals are at Terneuzen, Netherlands and Ghent, Belgium. Financial terms of the deal have not...

More Stories »

BELGIUM

Europe benzene spot price gains boosted by US prices
Benzene spot prices have gained more than $100/m.t. in Europe in one week, prompted primarily by a push-up on price in the US market. The increase in spot prices has led some players to speculate that the troublesome length in Europe, which drove prices lower...

Solvay signs technology deal to boost performance of organic peroxide Eureco
Solvay announced today that it has signed a global license agreement with the polymer technology company Revolymer (Deeside, Flintshire, UK) to exclusively apply its encapsulation technology to boost the performance of Solvay’s organic peroxide Eureco...

Solvay's net profit soars but functional polymers sales shrink
Solvay today reported net income of €158 million ($179.4 million) during the last quarter of 2014, up from €29 million one year earlier. Recurring Ebitda (Rebitda) was €414 million, up 10% year-on-year (YOY) from €375 million. Solvay...

Rare Europe-to-Asia arbitrage opens as Europe's benzene market lengthens
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into March. Given recent expansions in Asia's aromatics capacity, the more usual...

Private equity firm Apax Partners confirms acquisition of specialties distributor Azelis
Private equity company Apax Partners has signed a binding agreement to acquire specialty chemicals distributor Azelis (Antwerp) from another private equity firm, 3i Group. Apax and 3i announced earlier this month that they had entered into exclusive...

More Stories »

GERMANY

Initiative launched to promote Germany as a location for the chemical industry
Germany’s chemical industry association VCI (Frankfurt), employers association BAVC (Wiesbaden), trade union IG BCE, and the federal ministry for economic affairs have concluded an agreement on a joint initiative aimed at strengthening the country as a...

Henkel's adhesives sales, profit up on growth in emerging markets
Henkel says that operating profit in the company's adhesive technologies business unit increased to €314 million in the fourth quarter of 2014, from €259 million in the year-earlier period, on sales up 4.3% year-on-year, to €2.06 billion. The...

Evonik reports higher fourth-quarter sales, earnings
Evonik Industries has reported today full-year 2014 sales of €12.9 billion ($14.4 billion), compared with €12.7 billion a year ago, or an increase of 2% year-on-year (YOY). Volumes rose by +3% but selling prices fell slightly (-1%), resulting in...

DKSH signs distribution deal with excipients manufacturer DFE Pharma
Distributor DKSH (Zurich) says that it has signed an exclusive agreement with DFE Pharma (Goch, Germany), the world’s leading manufacturer of pharmaceutical excipients, to market, sell and distribute DFE Pharma’s Pharmacel or pharmaceutical-grade...

BASF expands capacity for specialty amines at Ludwigshafen
BASF says that it is significantly expanding its production capacity for about 20 specialty amines at the company’s site at Ludwigshafen. The company will invest a double-digit million euro amount in expanding existing production facilities, and the...

More Stories »

FRANCE

Global Bioenergies produces second generation isobutene at lab scale
Global Bioenergies (Evry, France) has produced second-generation isobutene, in a push to diversify accessible feedstock towards cheaper resources in this case waste biomass. Preliminary tests have resulted in successful second-generation isobutene production...

Report: Total-Solvay petchem JV in France to start eight-week turnaround
Four petrochemical units at Feyzin, France, are expected to go into an eight-week maintenance turnaround starting tomorrow, according to local news report. Total operates a refinery at Feyzin in addition to the AP Feyzin petrochemicals joint venture with...

Sanofi names head of Bayer HealthCare as new CEO, Bayer announces successor
Health-care major Sanofi (Paris) says that its board has unanimously appointed Olivier Brandicourt—currently head of Bayer HealthCare—as the new CEO of  Olivier Brandicourt. Sanofi. Brandicourt’s tenure as CEO of Sanofi will commence on...

METabolic EXplorer announces sales of $997,000 in fourth-quarter 2014
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced sales of €875,000 ($997,000) in fourth-quarter 2014, compared €375,000 in the year-ago quarter. Revenue for full-year 2014 was €3.74 million, versus...

Air Liquide's fourth-quarter revenue up 3.9%
Air Liquide's sales during the fourth quarter of 2014 totaled €4.05 billion ($4.62 billion), up 3.9% year-on-year (YOY), according to the company's results released today. The gas and services business accounts for €3.61 billion of total revenue, up...

More Stories »

SPAIN

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...

Highfield Resources signs MOU with a second Spanish port
Highfield Resources (Pamplona, Spain) has signed a memorandum of understanding (MOU) with the Port Authority of Bilbao, Spain. The MOU confirms the availability of 25,000 sq meters of wharf space in the port for the construction of potash handling...

More Stories »

ITALY

Arkema acquires Italian 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%...

Italian companies to collaborate in green production of levulinic acid
Bio-on and Eridania Sadam, both headquartered at Bologna, Italy, have announced that they will work together on defining and optimizing the production of levulinic acid (4-oxopentanoic acid), a key molecule “for the sustainable and low-impact future of...

Versalis restarts Porto Marghera cracker, starts supplying Shell
ENI (Rome) has confirmed to CW that its chemical subsidiary, Versalis (Milan), has restarted its 490,000-m.t./year steam cracker at Porto Marghera, Italy and that the cracker is supplying olefins to Shell Chemicals. "We can confirm that the plant is...

More Stories »

SWITZERLAND

Sika acquires US-based mortar producer BMI
Sika (Baar, Switzerland) says that it has agreed to acquire mortar producer BMI Products (Milpitas, CA), a company active in production and sales of a full range of mortar products and systems for the construction industry. Financial details of the deal were...

GSK completes major three-part asset swap with Novartis reshaping both companies
GlaxoSmithKline announced today that it has completed its three-part transaction with Novartis, first announced in April last year. GSK, as part of the deal, has acquired Novartis’s global vaccines business, excluding influenza vaccines, for an initial...

Johnson Matthey completes acquisition of Clariant’s battery materials business
Clariant today announced that it has completed the previously announced divestment of its battery materials business to Johnson Matthey, for $75 million. Plans for the sale were first announced last October and the transaction was completed on 28 February...

Sika reports record year 2014, sales grow 8% to $5.9 billion, Ebit leaps 21%
Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting currency, compared with the previous year. Sales reached record levels in...

Clariant reports mixed results, does not expect to achieve midterm Ebitda margin target in 2015
Clariant today reported fourth-quarter sales of 1.59 billion Swiss francs ($1.69 billion), rising 2.0% in local currencies. The increase was driven by higher prices. Despite some portfolio pruning, volumes matched the high base of the year-earlier period. In...

More Stories »

AUSTRIA

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...

OMV's petchem profit slips
OMV (Vienna) says that operating profit at its petrochemicals business slipped in the fourth quarter of 2014 to €21 million, from €25 million in the corresponding quarter of 2013. Sales have not been disclosed. Higher margins were more than...

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...

ICL to acquire food ingredients firm Prolactal
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its food specialties business unit has entered into a share purchase agreement to acquire Prolactal (Hartberg, Austria) and its subsidiary, Rovita (Engelsberg, Germany). Prolactal is a leading European producer...

More Stories »











 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa