Chem News

By Staff
Publication: Purchasing
Date: Thursday, October 18 2007

BASF CEO: More consolidation coming

"The chemical industry is still highly fragmented," said Juergen Hambrecht, CEO of German chemical giant BASF in a recent interview. According to a Reuters report, Hambrecht bases that forecast on the fact that the world's

10 biggest chemical companies have a combined market share of less than 20%, indicating consolidation will continue.

Eastman CFO: PET biz at unacceptable levels

The CFO of Eastman Chemical said the company's PET (polyethylene terephthalate) polymer business has been "well below acceptable levels." Richard Lorraine said Eastman's PET segment, which includes products used in the beverage and food packing industry, remains an area of growth in the U.S., although the company has been divesting its assets outside the country.

Sinopec, DuPont form EVA JV in China

China's top refiner and petrochemical producer Sinopec said it has formed a joint venture with DuPont to produce ethyl vinyl acetate (EVA).

RTI forms strategic business units

Resin Technology Inc. now has three strategic business units: Polyethyene, engineering resins and PET.

In addition, make sure to read these articles:

Polypropylene, Propylene Oxide, Acrylonitrile, Cumene, Acrylic Acid, Isopropanol,...

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c39381) has announced the addition of Propylene - Global Strategic Business Report to their offering. This report analyzes ......

Research and Markets: Cambridge University Chemists Develop New Caprolactam Production...

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c43989) has announced the addition of "Caprolactam - Global Strategic Business Report" to their offering. This report analyzes the ......

Examine Synthetic Rubber Production in Select European Countries; France, Germany, UK,...

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c44111) has announced the addition of "Synthetic Rubber - Global Strategic Business Report" to their offering. This report analyzes ......

Makers bullish, buyers cautious

Transaction prices of commodity chemicals have begun to flag a bit lately, according to buyers in PURCHASING's monthly survey, but the amount of chemicals—from commodity ......

Advanced Notice of Events to Mark the Official Opening of the New BASF Verbund site in...

LUDWIGSHAFEN, Germany -- BASF (NYSE:BF)(FWB:BAS)(LSE:BFA) and its partner SINOPEC are officially opening their Verbund site in Nanjing, China, only four years after groundbreaking. The ......

Briefs

Petroleum giant BP is selling its Innovene unit to Ineos Group for $9 billion in the biggest takeover in the chemicals industry since 2001. Innovene ......

Chem News

Basell and ConocoPhillips extend polypropylene marketing pact Basell and ConocoPhillips have signed a new long-term contract for Basell to exclusively market the polypropylene produced at ......

ADC Names Davis, Lawrence as Group Presidents, Realigns Business Units.

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 2, 1996--ADC Telecommunications, Inc., has realigned its organizational structure in a continuing commitment to best serve its growing base of customers. The company ......

BASF wraps up Engelhard

Everything has its price and for Engelhard shareholders, that price was $39. BASF now controls the majority of Engelhard after investors holding 89% of Engelhard ......

American General Realigns Operations Into TwoStrategic Business Units -- Asset...

Business Editors HOUSTON--(BUSINESS WIRE)--Nov. 8, 2000 American General (NYSE:AGC) today announced that it has realigned its operations into two strategic business units -- asset accumulation ......

INDONESIA - Business Units.

Pertamina has embarked on a major restructuring programme aimed at making its upstream and downstream assets profitable. Its processing directorate, which used to control nine ......

The new IT bypass: hosted apps give business units new freedom. (The Bottom Line).

PCs and LANs did not take hold because IT executives thought they were a great idea. They grew because departments and work teams wanted to ......

Capital Expenditures of About e400 Million Planned:Basf to Further Expand Operations in...

Business Editors LUDWIGSHAFEN, Germany--(BUSINESS WIRE)--March 8, 2000 BASF will considerably expand its operations in Korea in the coming years, consistently pursuing its strategy of being ......

The Strategic Business Lawyer

Jill Schachner Chanen, in an excellent article in the July 2005 of the ABA Journal, states that clients are sick of "profit-minded, specialty-touting multinational ......