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PIE 883 of 10.05.2013

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Plastics Information Europe

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Petrochemicals (868)

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General (204)

SOLVAY
Q1 earnings decline 12% but Company still expects growth for full year / Trading conditions remain weak for vinyls and polyamide (22.05.2013)

VERSALIS
Ambitious recovery plan for Italian producer / Set to reduce commodity dependency (02.05.2013)

BASF
Q1 2013 sales and earnings rise / Price increases boost Performance Materials (29.04.2013)

BAYER
Weaker than expected Q1 showing at BMS / Full-year forecast now lower (26.04.2013)

SABIC
Restructuring European operations / More than 1,000 jobs to be cut / Two of Gelsenkirchen's three PP lines will be idled (19.04.2013)

SHELL
Fluor wins engineering and design contract for Qatar cracker and MEG project (08.03.2013)

BAYER
Group earnings hit by pharma litigation charges / Bayer MaterialScience makes positive contribution / Polymer growth rates rebounding (01.03.2013)

BASF
Plastics help drive strong group performance in Q4 2012 / Full year results below expectation / Polyurethanes buoyant / Reporting segments restructured (27.02.2013)

SOLVAY
Strong plastics growth boosts Q4 earnings / Challenging conditions in Europe and Latin America / Planned sale of Latin American vinyls business (19.02.2013)

SOLVAY
Introducing new organisational structure / Five new operating segments to reflect key business drivers (18.01.2013)

BASF
Sale of Conica Sport Surfaces to Serafin Group / New owner will grow the brand through “targeted investment” (14.01.2013)

BASF
New EUR 55m innovation campus and China headquarters in Shanghai / Focus on advanced materials (08.11.2012)

BASF
Organisational structure streamlined / Plastics regrouped into upstream and downstream units (06.11.2012)

SOLVAY
Q3 operating profits rise by 4% / Strong results for specialty polymers / Weak polyamide and vinyls demand (01.11.2012)

BAYER
Group CEO upholds 2012 forecast despite weak Q3 / BMS will improve year-on-year in Q4 (31.10.2012)

BASF
CEO expects to top 2011 earnings in 2012 despite uncertainty / Plastics earnings down 22% in Q3 (26.10.2012)

DOW
Job cuts of 2,400 as markets weaken / HDPE unit in Belgium to close / Q3 pretax profit down 24% (25.10.2012)

SABIC
Net earnings fall year-on-year in Q3 but outpace Q2 showing / Lower selling prices blame (19.10.2012)

BASF / TOTAL
Port Arthur joint venture streamlines assets and adopts new name / More than 900,000 t/y of ethylene output (13.09.2012)

DOW
New company structure for “next stage” of transformation / Decentralised business divisions (06.09.2012)

SABIC IP
“Noryl” resin specified for India's first injection moulded fenders / Support from Tier 1 supplier Plastic Omnium (27.08.2012)

OMAN
Plans to build third petrochemical hub in Duqm / Creating an entirely new city from scratch (20.08.2012)

SINOPEC
Promise to help Hong Kong clean up PP pellets spill / Cargo washed ashore after tropical storm (13.08.2012)

BAYER
Group guidance raised after strong first half / MaterialScience reports highest EBITDA increase since Q2 2007 (01.08.2012)

DOW
Second-quarter performance clouded by Europe, China woes / Lower sales and earnings for performance materials and plastics (30.07.2012)

BASF
Slower growth in Q2 2012 reflects demand drop and maintenance / China stutters / Full year forecast upheld (27.07.2012)

BAYER MATERIALSCIENCE
Chinese “EcoCommercial Building” project helps land sustainable construction award / Innovative materials and technology in zero-emission, 100% carbon neutral office (26.06.2012)

SABIC
German headquarters relocated to Düsseldorf (20.06.2012)

BASF
Additives and polymers distribution pact with Univar in Turkey (04.06.2012)

BASF
US subsidiary moves to new office building (09.05.2012)

BASF
Strong start to 2012 / EBITDA rises more than 15% in Q1 / Margin pressure dogs Plastics (30.04.2012)

BAYER
Earnings and margins at MaterialScience hit by higher costs in Q1 / EUR 19m gain on full takeover of Baulé (27.04.2012)

BASF
New PU production site in India / Favourable location for supplying customers in the north and northwest / Total investment of EUR 150m (16.04.2012)

BASF
Earnings hit new record in 2011 / Plastics profits decline in weak Q4 / Feedstock rise hits margins (27.02.2012)

SOLVAY
Profit and sales increase in 2011 as Rhodia business is consolidated / Markets recover after inventory sell-offs in Q4 2011 / Operating margins rise in plastics sector (23.02.2012)

HONEYWELL
New technology centre in India for nylon and other chemicals (20.02.2012)

REGAIN POLYMERS
Purchase of rival recycling business, new extruder / GBP 1m-plus investment / Growth strategy (14.02.2012)

BASF
Portfolio development focused on innovation / Increased plastics investment in emerging markets / New CEO outlines German group's forward strategy up to 2020 (02.12.2011)

FORMOSA PLASTICS
Safety checks for petrochemical complex in Mailiao / Full operations scheduled to resume in August 2012 (07.11.2011)

SOLVAY
Higher selling prices pad Q3 results / Growth slackening / Rhodia to be consolidated in Q4 2011 (04.11.2011)

DOW CHEMICAL
Record operating profit in Q3 2011 / Plastics business sees fall in earnings / Sales grow by 17% year-on-year (02.11.2011)

BASF
Caution after weaker Q3 / “Significant growth” still expected / TDI glut hits PU performance (31.10.2011)

SOLVAY
Follow-up: 94.25% of Rhodia shares acquired / Imminent squeeze-out? (06.09.2011)

ASHLAND
Acquisition of International Specialty Products wrapped up / USD 3.2 bn cash deal (25.08.2011)

NUPLEX
New Zealand polymer producer acquires Masterbatch business of Australia's Acquos (23.08.2011)

SOLVAY
Follow-up: European Commission gives green light to Rhodia acquisition (09.08.2011)

SOLVAY
Good Q2 performance mirrors expectations / Plastics demand holds up / Turnaround for Vinyls (03.08.2011)

DOW CHEMICAL
Record first half operating profit in 2011 / Significant sales and profit growth in plastics and performance products segments (01.08.2011)

BASF
Growth momentum slows in Q2 / Plastics demand stronger / Price increases offset currency effects (29.07.2011)

DOW / SAUDI ARAMCO
New 50:50 joint venture in Jubail Industrial City / USD 20m integrated chemical complex expected on stream in 2016 (26.07.2011)

SOLVAY
Tender offer to Rhodia shareholders launched / In the market for additional acquisitions? (16.06.2011)

BRASKEM
First representative office opened in Asia / Serving regional customers from hub in Singapore (27.05.2011)

SIBUR
New base polymers division with broad role / Construction of Tobolsk PP unit in full swing (26.05.2011)

BASF
Higher volumes and higher selling prices buoy plastics division in Q1 2011 / Hambrecht retires (09.05.2011)

DOW
Good first quarter / Basic Plastics division is dissolved / PP and HDPE activities up for grabs (03.05.2011)

ASHLAND
Distribution business sold to TPG Capital affiliate Nexeo Solutions (05.04.2011)

SOLVAY
Friendly cash offer to acquire Rhodia / Enterprise valued at EUR 6.6 bn / Deal expected to close in August (04.04.2011)

DOW
New Performance Plastics division / All polymer activities included / Market-driven solutions (04.03.2011)

BASF
Record sales and earnings in 2010 / Engineeering polymers buoyant / Crisis a distant memory (25.02.2011)

DOW CHEMICAL
Price gains on plastics drive strong earnings performance in Q4 2010 / Charges on Styron sale (08.02.2011)

BASF
Rhine barricades give rise to production outages / Transport takes to railways and streets (24.01.2011)

OPAL / GAIL
Marketing agreement for products from OPaL complex in India / Daelim wins PE contract (11.01.2011)

POLYONE
Takeover of Brazilian speciality plastics producer and distributor / More “bolt-on” acquisitions (06.01.2011)

PETRONAS
USD 4.1 bn IPO for new chemical arm / Petronas Chemicals Group one of Malaysia's 10 biggest stocks (29.11.2010)

ASHLAND
Distribution business divested for USD 930m / Closure of deal with TPG expected in Q1 2011 (12.11.2010)

DOW CHEMICAL
Follow-up: Strategy shift for polyolefins / CEO Liveris reportedly wants to keep LLDPE business (03.11.2010)

DOW CHEMICAL
Earnings move back toward pre-crisis levels / Double-digit growth / Plastics plans “rethought” (01.11.2010)

BASF
Operating profit in plastics up 72% in Q3 / Higher raw materials and euro boost sales (29.10.2010)

BASF
Record profit seen for 2010 / Q3 operating result soars / Expansion into high temperature plastics? (25.10.2010)

OMNOVA
Purchase of specialty polymers producer Eliokem (01.10.2010)

THAILAND
Government gives green light to majority of petrochemical plants in Map ta Phut / Many more months before crackers will be at full capacity (16.09.2010)

BASF
Award granted for contribution to green “i-flow” concept car / Vehicle to be showcased at K 2010 (14.09.2010)

HONAM
Takeover of polyolefin producer Titan Chemicals (25.08.2010)

DOW
Leadership and divisional changes to take transformation “to the next level” (20.08.2010)

ASHLAND
Considerations to divest distribution business (16.08.2010)

DOW
Earnings rise sharply, but analysts unimpressed with Q2 results / Gains from Styron sale pad (06.08.2010)

BASF
Plastics major factor in H1 2010 performance rebound / PA tightness boosts plastics earnings (30.07.2010)

BASF
Partnership with Russian urban developer to build energy-efficient homes / First building completed (21.07.2010)

BASF
Plastics to be further tweaked for profitability / Focus on Asia / New Chinese MDI unit on track (28.06.2010)

INEOS
“Record levels of profitability” across chemical businesses / Tight markets boost margins (10.05.2010)

BAYER
MaterialScience leads group forward in Q1 / Finance press speculates on polymers divestment (03.05.2010)

BASF
Plastics rebound in first quarter / Tight market for engineering polymers allows costs to be passed on (30.04.2010)

INEOS
Banks approve new financing plan after changes / Interest rise and default threaten for non-payment (23.04.2010)

INEOS
Move to Switzerland sealed / Banks reject debt financing / Talks on Grangemouth sale continue (15.04.2010)

INEOS
Move of HQ to Switzerland mulled / Group says financial turnaround would mean higher UK taxes (15.03.2010)

BASF
Fortune magazine's “most admired” chemical company / DuPont, Bayer, Dow place in top ten (15.03.2010)

BAYER
“Marked recovery” from 2009 slump seen / BMS chief optimistic about PC, MDI and TDI growth (01.03.2010)

BASF
Plastics profits rebound in 2009 / PU raw materials battered by low prices / Capacity cuts still needed (26.02.2010)

DOW CHEMICAL
“Decisive action” leads to earnings growth despite recession / Styron sale still hanging in balance (05.02.2010)

SABIC
Prices drive Q4 earnings upward / “Significant improvement” seen in engineering plastics (25.01.2010)

RHODIA
EUR 200m investment in Brazil / Debottlenecking at polyamide chain (14.12.2009)

SABIC INNOVATIVE PLASTICS
GE collaboration develops hologram ID cards / High security from embedded data / Range of applications (04.12.2009)

MITSUBISHI CHEMICAL
Offer to acquire Mitsubishi Rayon (20.11.2009)

PEOPLE
Merszei replaces Wildi as Dow Europe CEO (11.11.2009)

BASF
Group EBIT down 20% in Q3 / Plastics fare better thanks to cost-cutting / Crawling out of the trough (30.10.2009)

DOW
Net income up 80%, sales down slightly in Q3 / Liveris says economic outlook is “stabilising” (28.10.2009)

SABIC
Third quarter 2009 profits fall 50% year-on-year / Operating levels and sales of product maintained (22.10.2009)

PETROCHEMICAL MARKETS
Total: Ethylene ignites in Gonfreville / LDPE plant at a standstill / Group launches inspection of 13 sites in France (30.09.2009)

PEOPLE
Dow sends Markus Wildi from Europe to Kuwait (24.09.2009)

MITSUBISHI RAYON
Possible takeover by Mitsubishi Chemical / Keeping pace with the rest of the world / New structure for PMMA (17.08.2009)

DOW
Weak demand, Rohm & Haas and restructuring lead to net loss in Q2 / Spin-off of styrenics and polycarbonate (04.08.2009)

BASF
Plastics EBIT halved in Q2 / Ludwigshafen cracker restart not in sight / “Committed” to China MDI (31.07.2009)

SABIC
Price declines lead to 94% fall in first half 2009 net income / Profit turnaround in second quarter (29.07.2009)

INEOS
Agreement reached on EUR 7.5m debt financing / Terms agreed by 230 strong banking consortium (20.07.2009)

TECHNIP
French contractor tapped for two Saudi projects (17.07.2009)

SABIC
Two polyolefin plants on stream this year / PC to follow at the end of 2010 / ABS in Al-Jubail (02.07.2009)

INEOS
Creditors likely to extend covenant waiver / Two-thirds must approve debt restructuring / CFO hints at sell-offs (26.05.2009)

ALBIS PLASTIC
Extension of pact with BayerMaterialScience and Lanxess / Distribution in Spain and Portugal (13.05.2009)

BASF
Subsidiary established in Vietnam (12.05.2009)

BASF
EBIT sinks 58% in Q1 2009 / Hambrecht sees no improvement this year / More capacity and job cuts (04.05.2009)

SABIC
First net loss for five years reported for Q1 2009 / Operating levels maintained / Demand fall hits SIP (27.04.2009)

NOVA CHEMICALS
Shareholders approve acquisition by IPIC (21.04.2009)

BASF
Short-time working likely for up to 3,000 employees at Ludwigshafen / Low capacity use (16.04.2009)

MITSUBISHI CHEMICAL / SINOPEC
Wider strategic partnership follows PP and PC joint ventures / China seeks high quality polymer base (16.04.2009)

DOW
Delayed takeover of Rohm & Haas sealed / Closing on 1 April 2009 / Price unchanged, but deal restructured (10.03.2009)

BAYER
Profits of MaterialScience plunge 85% in Q4 2008 / PC capacity use down by half, with six plants mothballed / No short term recovery expected (04.03.2009)

BASF
Production, spending and headcount will shrink to fit markets / First quarterly loss since 2001 / Setbacks for plastics (27.02.2009)

DOW CHEMICAL
Fourth quarter loss hits 2008 result / Volumes down by 5% / Plastics segments see plummeting sales and profits / Figures “very disappointing” (05.02.2009)

DOW
Delaware court sets 9 March trial date in takeover dispute / Moody's urges formal delay agreement (30.01.2009)

DOW
Rohm & Haas seeks USD 15 bn for breach of contract / Kuwait deal collapse cited for takeover delay (28.01.2009)

DOW
US regulatory authority approves Rohm & Haas takeover plan / Two-day closing ruled out (27.01.2009)

DOW
Kuwaiti joint venture collapses / Declining oil revenues and credit crunch / Rohm and Haas shaky? (05.01.2009)

DOW
Permanent workforce to be cut by 11% / Plans to close 20 plants and idle 180 / “Non-strategic” businesses will be divested (11.12.2008)

BASF
“Massive decline in demand” prompts capacity cuts, plant shutdowns / Some 180 units affected / Preparing for “tough times” (20.11.2008)

ROSNEFT
Petrochemicals complex to be built near Vladivostok (12.11.2008)

INDIA PETROCHEMICALS
GAIL / IOCL collaborate on new cracker complex (11.11.2008)

PETROCHEMICALS
Financial crisis: merger of Hexion and Huntsman still touch and go / Ineos and LyondellBasell under pressure? / Companies deny media reports (10.11.2008)

SABIC INNOVATIVE PLASTICS
Production of engineering thermoplastics reduced by 20% (06.11.2008)

BASF
Naphtha hedging hits third quarter 2008 earnings (03.11.2008)

BAYER
Poor performance at BMS depresses group results in Q 3 2008 / Full-year guidance unchanged / Auto crisis begins to be felt (31.10.2008)

ALMAAK
Takeover of the compounding business of insolvent J&A / Focus in future on toll compounding / Belgian offshoot unaffected (01.08.2008)

PETKIM
New owners to double capacity in five years (28.07.2008)

SABIC
First half 2008 sales increase by 54% (25.07.2008)

K-DOW PETROCHEMICALS
New jv with Kuwait takes shape / HQ in US state of Michigan / Financial incentives (21.07.2008)

DOW
Settlement with former top managers / Kreinberg and Reinhard admit to “unauthorised” buyout talks (05.06.2008)

SIBUR
Petrochemical group expands polyolefin activities / Russia lifts PE export duty (15.05.2008)

SIBUR
Managers seek to acquire petrochemicals producer from Gazprom (08.05.2008)

BASF
Plastics earnings “considerably higher” in Q1 / Dollar weakness pressures sales (29.04.2008)

BAYER
Wenning stands by polymer plans / New capacity in Europe (23.04.2008)

DOW
Strategic portfolio review extended to other plastics businesses / Preparation for spin-off or sale (28.02.2008)

BASF
Styrenics deal to be wrapped up in H1 / Sales and EBIT records in 2007 / Hambrecht optimistic (25.02.2008)

TOTAL
Full year chemical profits decline on weak Q4 margins / Gonfreville styrene plant to start up end 2008 (20.02.2008)

DOW
Record dollar-denominated sales in 2007 / EBIT ratio in plastics sinks / Exit route from “ethylene trough” (11.02.2008)

ICO
Record earnings posted in Q4 2006/2007 / Results for the next quarter expected to be positive (10.01.2008)

DOW
Plans for global olefins and polyolefins jv with Kuwait / First major project in “asset light" strategy (17.12.2007)

BASF
Structural reorganisation / Styrenic copolymers and foams to Performance Polymers / Closer to customer (10.12.2007)

BAYER MATERIALSCIENCE
1,500 jobs to go in EUR 300m cost-saving plan up to 2009 / No compulsory redundancies (08.11.2007)

BASF
Earnings on plastics hit by plant outages in Q3 2007 / Styrenics sale is targeted by year's end (01.11.2007)

DOW
Asset light strategy explained again / Dismissed executive Kreinberg files suit against JP Morgan (31.10.2007)

SABIC
Results improve / Integration of GE Plastics in progress / Al-Mady to push aromatics chain (29.10.2007)

PETKIM
Feeling of mistrust towards Armenian investors / Losing Turkish consortium likely to do the deal (26.10.2007)

BAYER
Plans to de-list from New York stock exchange / Other European firms have already fled (07.09.2007)

TVK
Earnings soar in first half of 2007 (22.08.2007)

BASF
Delisting from NYSE / Complexity and costs reduced / Dialogue with US investors remains (01.08.2007)

HUNTSMAN
“Definitive agreement” on USD 10.6 bn takeover by Hexion / Basell declines to raise the stakes (13.07.2007)

SABIC
US regulatory authority approves GE Plastics acquisition / EU vote due in early August (13.07.2007)

ARKEMA
Office move complete as optimisation continues (12.07.2007)

HUNTSMAN
Bidding war beginning? / Apollo ups its offer / High level of debt (11.07.2007)

PETKIM
Kazakh-Russian group wins race for majority of Turkish petrochemical producer / Deal questioned by trade unions (11.07.2007)

BASF
Concentration on higher-end plastics / Growth rates above the market / Polycarbonate of interest (10.07.2007)

HUNTSMAN
Hexion owner outbids Basell owner for US chemical group / Private equity funds in bidding war? (06.07.2007)

BASELL
Takeover of Huntsman for USD 9.6 bn / Blavatnik lands a coup after all / Lyondell option evidently abandoned (28.06.2007)

PETKIM
Ineos and Basell place bids for 51% stake (25.05.2007)

DOW
JV with Saudi Aramco to build world-scale petrochemicals complex at Ras Tanura site (18.05.2007)

BASELL
Investor Blavatnik moves on Lyondell / Possible polyolefins merger? / Bid for GE Plastics, too (16.05.2007)

DOW
Fired managers file suits for nearly USD 700m / Company also sues / "Negative body language" (10.05.2007)

PETKIM
Turkish trade unions may bid for state-owned stake / Attempt to delay privatisation (26.04.2007)

DOW
Reinhard and Kreinberg sacked / Leaders accused of "highly inappropriate" activity / Link to buyout rumours? (13.04.2007)

DOW / CHEVRON PHILLIPS
American joint venture in styrenics / Buyout rumours brushed off (12.04.2007)

PETKIM
Fresh attempt to privatise Turkish petrochemical producer / Market share continues to decline (03.04.2007)

DOW
Liveris reshapes management for growth / Executive leadership committee established (26.03.2007)

BASF SCHWARZHEIDE
Sales hit record in 2006 / PU are speciality / Higher capital spending (16.03.2007)

SABIC
Planned petchems plant may be shifted from China / Delays by Beijing authorities blamed (09.03.2007)

MITSUI CHEMICALS
Reorganisation aimed at accelerating earnings growth / Financial and environmental targets (08.03.2007)

BASF
Plans to become a European Company / First chemicals-plastics producer to make the move / Employees concerned (05.03.2007)

BASF
Styrenics recover in 2006 / EBITDA in plastics segment rises 14% / GE Plastics "overpriced" (26.02.2007)

BAYER MATERIALSCIENCE
Move to create leaner hierarchy / New executive committee links managing board and BU heads (15.02.2007)

DOW CHEMICAL
2006 sales reach record level of USD 49 bn / Slow growth in North American markets hits earnings (01.02.2007)

GE PLASTICS
Sale plans confirmed / Closing envisaged for H2 2007 / Break-up an option? / Sharp Q4 earnings drop (26.01.2007)

ICI
Second emulsion polymerisation plant in China (02.01.2007)

BASF
Plastics and colorants together for the first time at Fakuma / Focus on design and engineering (13.10.2006)

HUNTSMAN / SABIC
Saudis buy UK-based chemical and polymer units for USD 700m / PE plant to be completed (29.09.2006)

DOW
Plant closures to improve competitiveness / Canadian, Italian facilities to bear brunt (06.09.2006)

BASF
Plastics outperform most of the group / PU still sales growth driver / Styrenics improve (07.08.2006)

BASF
Plastics earnings rise 20% in Q1 2006 (08.05.2006)

TOTAL
Arkema to be floated in May (23.03.2006)

BASF SCHWARZHEIDE
Earnings up 30% in 2005 / PU leads sales / Plastics segment makes largest contribution (16.03.2006)

SHELL
Chinese site at Daya Bay ready for start (01.03.2006)

DOW
Record year for the world´s largest plastics producer / All polymers gain ground in 2005 (01.02.2006)

BASF
Expansion of Antwerp cracker in 2007 (20.10.2005)

DOW CHEMICAL
New realignment plans for plastics operations (20.10.2005)

BASF
Changes in senior management / Prätorius retires / Reiners steps into Baumgartner slot (06.10.2005)

SOLVAY
Earnings surge for plastics in 2004 / Higher PVC prices boost polymer production segment (21.04.2005)

DEGUSSA
Big plans for polymers in China / Eastern Europe also a focus / Earnings improvement (07.04.2005)

DOW CHEMICAL
Earnings hit new record in 2004 / Margins restored / Commodity plastics EBIT soars (24.03.2005)

BAYER
Polymers boost group in 2004 / Feedstock rises successfully passed on / Lanxess contributes (24.03.2005)

BASF
Operating profit on plastics doubles in 2004 / “Value before volume” strategy pays off (24.03.2005)

ROMANIA
Earnings at Oltchim significantly higher than predicted / Exports boost firm´s 2004 income (24.02.2005)

BIP
Amino moulding bought out of administration (23.12.2004)

BASF
Plastics business profits from higher prices in Q3 / Margins still “insufficient” in some cases (25.11.2004)

ARKEMA
Plans to double Asian sales by 2010 / Korea and Singapore target sites for new plants (11.11.2004)

CHROSTIKI
Masterbatches penetrate Europe / Capacity increased to 15,000 t/y / Distributors sought (11.11.2004)

ATOFINA
Reorganisation of Total´s chemicals division / PA, PMMA and chlorine go to new firm Arkema (14.10.2004)

LANXESS
Spin-off to shareholders / Stock market too shaky / Business in line with expectations (22.07.2004)

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