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Polymer Materials

07.03.2014 ARKEMA  Poor market conditions in Europe hit profits and sales in 2013 / Growth strategy aim at boosting sales

07.03.2014 BASF  Changes in Ludwigshafen “Ultramid” polyamide production setup / Raising output of “Ultramid C” for flexible packaging films

06.03.2014 POLYKEMI  Swedish compounder enlarges its foothold in the US / Omni Plast appointed contract compounder

05.03.2014 NOVAMONT  Majority share in Mater-Biopolymer acquired from Mossi & Ghisolfi / Upstream integration through production of “Origo-Bi” renewable polyester used as “Mater-Bi” feedstock / Capacity for 100,000 t/y

04.03.2014 SOLVAY / INEOS  Revised remedy package for proposed PVC joint venture / Additional plants suggested for divestiture

04.03.2014 SUCCINITY  Follow-up: BASF-Purac joint venture begins commercial biobased succinic acid production

03.03.2014 STYROLUTION  Improved margins lead to record operating profit in 2013 / Synergy programme contributes to growth

03.03.2014 BAYER  German group sees record sales in 2013 / “Difficult market environment” for plastics / MaterialScience earnings sink by 15% / Recovery possible in 2014 if PC overcapacity eases

03.03.2014 AMIANTIT  Saudi pipe giant invests heavily in Norwegian Flowtite Technology subsidiary / 25 global production sites for GRP pipes

28.02.2014 BASF  Production at Hungarian PU systems house to cease

27.02.2014 PETROCHEMICAL MARKETS  Renewed explosion at Lukoil subsidiary Stavrolen's cracker in the Caucasus / Operations halted for the time being

27.02.2014 LANXESS  Impairment charge for Q4 2013 and net loss for full year / Overcapacity for rubber and higher costs

27.02.2014 BASF  Focus on petrochemical strengths boosts earnings power / CEO Kurt Bock says Europe should embrace shale gas / “Happy shareholder” in styrenics jv Styrolution

27.02.2014 SOLVAY  Phasing out of carbon trading and US acquisition hit 2013 operating profit / Advanced materials segment sees growth / Decline in functional polymers

27.02.2014 STYROLUTION  North American SMMA plant to be shuttered with output shifting to Germany / Latest step in “Triple Shift” growth strategy aimed at ensuring global supply from at least two sites

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