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Mitsubishi Chemical Unit Plans To Restart U.K. Plant - Nikkei‍​

Monday, 27 Nov 2017 04:31pm EST

Nov 28 (Reuters) - Nikkei::MITSUBISHI CHEMICAL HOLDINGS UNIT PLANS TO RESTART U.K. PLANT, DOUBLE CAPACITY IN U.S. AND SHUTTER A CHINESE FACTORY- NIKKEI‍​.

Recticel affected by supplies of non-conform TDI from BASF

Tuesday, 10 Oct 2017 01:21pm EDT

Oct 10 (Reuters) - RECTICEL NV ::AFFECTED BY NON-CONFORMING TDI SUPPLIES BY BASF‍​.HAS TAKEN IMMEDIATE PRECAUTIONARY MEASURES IN AFFECTED SITES, WITH A TEMPORARY STOP IN PRODUCTION AND DELIVERIES‍​.RECTICEL IS COMMITTED TO LIMIT THE IMPACT FOR ITS CUSTOMERS TO THE MAXIMUM EXTENT POSSIBLE‍​.HAS BEEN NOTIFIED BY BASF THAT BETWEEN 25 AUG AND 29 SEPT POLLUTED TOLUENE DIISOCYANATE WAS SUPPLIED BY BASF PLANT.‍POLLUTED TOLUENE DIISOCYANATE ("TDI") HAS BEEN SUPPLIED BY BASF PLANT IN LUDWIGSHAFEN (GERMANY) TO FIVE RECTICEL SITES‍​.HAS INFORMED CUSTOMERS AFFECTED BY ISSUE, IS WORKING WITH BASF TO CONDUCT SAMPLE TESTING AND RISK ASSESSMENT ON THE NON- CONFORM TDI‍​.CONSEQUENCES OF THIS QUALITY ISSUE ARE EXPECTED TO BE RESOLVED IN DUE COURSE.PRODUCTION AND DELIVERIES PROGRESSIVELY RESUMING ALREADY IN THE COMING DAYS‍​.

Sumitomo Dainippon Pharma to offer early-retirement program

Wednesday, 27 Sep 2017 03:10am EDT

Sept 27 (Reuters) - Sumitomo Dainippon Pharma Co Ltd <4506.T>:* Says it will offer an early-retirement program to employees, who are above 45 years old and continuous service of above 5 years as of March 31, 2018, and employees is members of manufacturing division as of Sept. 1, 2016 .* Offering period from Nov. 15 to Dec. 15.* Says the employees who take up the offer will retire on March 31, 2018.* The company will provide retirement payment and outplacement support to the retiring employees .

Solvay restates financial information and updates guidance after polyamide discontinuation

Tuesday, 19 Sep 2017 01:10am EDT

Sept 19 (Reuters) - SOLVAY ::SOLVAY RESTATES FINANCIAL INFORMATION FOLLOWING DISCONTINUATION OF POLYAMIDE AND UPDATES 2017 GUIDANCE.POLYAMIDE BUSINESS PERFORMED PARTICULARLY STRONGLY THIS YEAR AND ITS DISCONTINUATION REDUCES GROUP'S 2017 EBITDA GROWTH.WEAKENING OF MOST FOREIGN CURRENCIES VERSUS EURO ALSO REDUCES PROFIT REPORTED IN EUROS.BASED ON CURRENT EXCHANGE RATES, SOLVAY ESTIMATES 6% TO 8% UNDERLYING EBITDA GROWTH FOR FULL YEAR 2017.REMAINS ON TRACK TO ACHIEVE PREVIOUS GUIDANCE OF MORE THAN EUR 800 MILLION OF FREE CASH FLOW.RESTATES FINANCIAL INFORMATION FOLLOWING DISCONTINUATION OF POLYAMIDE AND UPDATES 2017 GUIDANCE.H1 RESTATED NET SALES EUR 5.18 BILLION VERSUS EUR 5.99 BILLION PREVIOUSLY ANNOUNCED.H1 RESTATED EBITDA EUR 1.18 BILLION VERSUS EUR 1.32 BILLION PREVIOUSLY ANNOUNCED.

Tata Chemicals in advanced discussion with Indorama Holdings BV

Wednesday, 13 Sep 2017 09:27am EDT

Sept 13 (Reuters) - Tata Chemicals Ltd :Says is in advanced stages of discussions and negotiations with Indorama Holdings BV, Netherlands.Tata Chemicals -discussions for potential sale of phosphatic fertiliser business at Haldia and trading business comprising of bulk and non-bulk fertilisers.Says ‍parties have a mutually agreed exclusivity agreement which expires on 31st October, 2017​.Says company is expected to receive consideration in range of INR 4 billion to INR 5 billion.

DCM Shriram approves setting up aluminium chloride business

Tuesday, 1 Aug 2017 02:43am EDT

Aug 1 (Reuters) - Dcm Shriram Ltd ::Says approved setting up aluminium chloride business ; to be commissioned by June 2018.Says expansion of chemicals at Kota at an investment of INR 975 million expected to commission by Jun'18.Says taking steps to grow fenesta windows and farm inputs business.Says distillery project at Hariawan unit is progressing as per plan and will commission by Jan’18.Says bioseed India business expected have moderate growth with stable margins.

Evonik bundles its expertise in crosslinking technology

Monday, 3 Jul 2017 04:43am EDT

July 3 (Reuters) - EVONIK INDUSTRIES AG :WILL COMBINE ITS ISOPHORONE CHEMISTRY AND EPOXY CURING AGENTS BUSINESS IN THE NEW CROSSLINKERS BUSINESS LINE EFFECTIVE JULY 1, 2017.

Lanxess tweaks structure after Chemtura acquisition

Friday, 30 Jun 2017 08:07am EDT

June 30 (Reuters) - Lanxess AG :Says has revised its organizational structure.Says business lines rubber additives business and colorant additives business now both belong to rhein chemie business unit.

Lanxess streamlines chrome value chain of leather business

Wednesday, 21 Jun 2017 08:36am EDT

June 21 (Reuters) - Lanxess Ag :To streamline the chrome value chain of its leather business.In this context the company will discontinue production at the zárate site in argentina in the fourth quarter of 2017.The site closure in zárate, argentina, will affect 170 employees.Sees positive ebitda effect of around eur 10 million annuallyfrom end 2018 , as well as approximately eur 60 million in one-time-costs in 2017.

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