Americas
LyondellBasell Reports Loss
LyondellBasell reported a second-quarter loss from continuing operations of $16 million compared to income from continuing operations $159 million in the year-ago quarter. Results were impacted by higher interest and depreciation and amortization expense as...
Europe
AkzoNobel Confirms U.K. Paints Sale to Endless
AkzoNobel says it has agreed to sell its Crown Paints decorative paints business in the U.K. and Ireland to Endless Investments (Leeds, U.K.), a private equity house. AkzoNobel has also agreed a deal to sell two Belgian brands to Rieu Investissements...
Asia/Pacific
Gail Seeks Stake in Indian Petchem Complex
Energy firm Gail India (New Delhi) plans to acquire a 10% stake in Oil and Natural Gas Corp.’s (ONGC; New Delhi) previously announced $3-billion petrochemical complex at Dahej, India, reports say. Discussions between the...
New from Chemical Week and SRI Consulting
Click here for the latest news and innovations relating to sustainability and the chemical industry from the editors of Chemical Week and the team at SRI Consulting.
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New from the GPCA and Chemical Week ... news and information about the Gulf and the upcoming GPCA Forum
Mideast/Africa
Israel Chemicals Second-Quarter Profits Soar
Israel Chemicals Ltd. (ICL; Tel Aviv) has reported a 445% increase in net profits to $703.2 million for the second quarter ended June 30. And sales for the period increased by 116% to $2.07 billion. The rise in sales was driven by ICL Fertilizers business...
Viewpoint
Rebuilding in Japan
Mitsubishi Chemical, subject of this week’s cover story (p. 17), offers a glimpse at influences and strategies that are reshaping Japan’s chemical sector. A prolonged domestic slump and the rise of Mideast and China influence in commodity chemical...
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