India’s Fairchem Speciality Limited reported rise in profit growth in the third quarter 2019 on strong Oleochemicals margins. The company has posted net profit of Rs.7.2 crores ($1 million) for the period ended December 31, 2019, an increase of 7.6% as against Rs.6.69 crores ($0.93 million) for the prior-year quarter. The company has reported net … Read more
Borealis announces a net profit of EUR 138 million ($151.8 million) for the fourth quarter of 2019, compared to EUR 94 million ($103.4 million) in the same quarter of 2018. While the 2018 result was impacted by a one-off impairment charge of EUR 92 million ($101.2 million), the result in the fourth quarter of 2019 … Read more
Univar Solutions Inc. reported a fall in profit for the fourth quarter and full year of 2019. The results were impacted by reduced demand in global industrial markets. In the fourth quarter, the company reported sales of $2.2 billion, up 9.3% compared to the prior year quarter. The company reported a loss of $55.1 million, … Read more
Versalis, Eni’s chemical company, has acquired 40% of Finproject, the Italian leader in the compounding sector and the production of ultralight products, from the VEI Capital fund. The move was intended with the aim of creating value by integrating the respective production chains. This strategic operation will create a new industrial platform that leverages the … Read more
India’s I.G. Petrochemicals reported fall in profit growth in the third quarter 2019 on poor Pthalic Anhydride (PAN) margins. The company has reported net sales of Rs.276.60 crores ($38.6 million) during the period ended December 31, 2019, a decrease of 12.96% as compared to Rs.317.79 crores ($44.3 million) during the prior-year quarter. The company has … Read more
Sika announced on 25th, Feb that the company has joined the ‘Together for Sustainability’ (TfS) initiative as a new member. The organization, founded in 2011, aims to improve sustainability practice within the supply chain of the chemicals industry. According to Sika, sustainability is a key feature and a central element of its growth strategy. “With … Read more
India’s IOL Chemical reported profit growth in the third quarter 2019 on strong API sales. The company reported a 20% year on year growth in EBIDTA at Rs 163 crore ($22.7 million) in December quarter. EBIDTA margin grew to 31.65% from 28.39% in the prior-year quarter. The company’s income from operations increased by 8% to … Read more
Air Products Qudra, in collaboration with the Royal Commission for Jubail and Yanbu, held a ceremonial groundbreaking to mark the start of work in building a world-class, fully-integrated industrial gases hub in the Jubail Industrial City. The significant investment by Air Products Qudra involves building, owning and operating a world-scale steam methane reformer (SMR) to … Read more
Givaudan, the global leader in fragrances and flavours, announced the completion of the acquisition of Ungerer & Company, the US based Flavour, Fragrance and Specialty Ingredients company. Givaudan had announced that it had reached an agreement to acquire the company in November 2019. Gilles Andrier, Givaudan’s CEO said, “Acquiring Ungerer fits very well with our … Read more
Vinnolit GmbH & Co. KG, a chlor-alkali and vinyls manufacturer announced the completion of expansion work at its paste PVC plant in Burghausen, Germany, and will use microsuspension technology to produce PVC with more flexible properties. “In Burghausen, we are now additionally producing with the microsuspension process, which we have already successfully used at our … Read more
Westlake Chemical Corporation saw lower profits in the fourth quarter of 2019, hurt by reduced global sales prices for its major products. The chemical maker posted a profit of $72 million down around 41% from $123 million it earned in the prior-year quarter. Decrease in profit was attributed to lower global sales prices for key … Read more
Azelis, a leading distributor of specialty chemicals and food ingredients, announced the opening of a new Lubricants application laboratory in Hannover, Germany. Based on cooperation with the Gottfried Wilhelm Leibniz University of Hannover, this new Azelis lab is located in the Institute of Machine Construction and Tribology (IMKT). With this lab, the company can offer … Read more
Albemarle Corporation announced its results for the fourth quarter and full year 2019. The company’s net sales in fourth quarter increased 8% to $993 million with an adjusted EBITDA of $295 million increasing 12%. Its full year net sales increased 6% to $3.6 billion with an adjusted EBITDA of $1.04 billion increasing 3%. Net sales … Read more
Bharat Rasayan Limited (BRL) announced that the company has executed a Joint Venture (JV) Agreement on 18th February, with Nissan Chemical Corporation (NCC), a Japanese agrochemicals company. The joint venture will operate through a company named Nissan Bharat Rasayan Private Limited, a company incorporated in India. This Joint Venture is expected to bring benefits to … Read more
India’s Bhageria Industries reported profit growth in the third quarter 2019 despite fall in sales revenue. Growth in dye intermediates margin aided to the rise in profit. Net profit of Bhageria Industries rose 17.41% to Rs 17.74 crore ($2.5 million) in the quarter ended December 2019 as against Rs 15.11 crore ($2.1 million) during the … Read more
The Chemours Company, a global performance chemicals manufacturer reported a fall in revenue for the fourth quarter 2019. Chemours fourth quarter 2019 net sales were $1.35 billion, a 7.6% fall from prior-year quarter. The company reported a loss of $317 million in the fourth quarter of 2019 against a profit of $142 million a year … Read more
India’s Jindal Poly Films doubled its profit growth in the third quarter on strong packaging films margins. Net profit of Jindal Poly Films rose 120.90% to Rs 120.81 crore ($17 million) in the quarter ended December 2019 as against Rs 54.69 crore ($7.6 million) during the previous quarter ended December 2018. Sales rose 12.13% to … Read more
India’s Aarti Industries reported a profit growth in its third quarter despite a fall in sales revenue. According to the company, strong margins in higher value specialty chemicals led to the growth in profit. Net profit of Aarti Industries rose 4.59% to Rs 139.84 crore ($19.5 million) in the quarter ended December 2019 as against … Read more
Bodal Chemicals Ltd, an Indian dye and dyestuff manufacturer has acquired the remaining 42 percent stake in Trion Chemicals Pvt Ltd, a producer of specialty chemicals for swimming pools & water treatment in the Indian state of Gujarat. The deal is expected to benefit Bodal Chemicals in diversifying its product range. “The objective for this … Read more
Shintech Louisiana LLC, the US subsidiary of Tokyo-based Shin-Etsu Chemical Co. Ltd.’s Shintech Inc., announced the start of production at its ethylene plant in Plaquemine, Louisiana. The 500,000-tonnes per year plant started producing ethylene as of Feb. 13, project contractor Toyo Engineering Corp. and subsidiary Toyo USA Inc. said. Earlier this month in a conference … Read more