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Borealis announces record net profit: EUR 137 million for second quarter and EUR 250 million for first half of 2007

09.08.2007 - Borealis (www.borealisgroup.com), a leading provider of innovative, value creating plastics solutions, announces a net profit of EUR 137 million after tax for the second quarter of 2007, a 20% increase over the previous quarter and a 50% increase on the same period last year. The net profit after tax...

Chemtura: Urethane Price Increase

03.08.2007 - Effective September 1, 2007, or as contracts permit, Chemtura Europe (www.chemtura.com) will increase selling prices of most urethane prepolymers and curatives by €0.20/kg in Europe, the Middle East and Africa. These changes are directly related to continuously escalating costs for raw materials, energy...

RAG subsidiary Degussa expands presence in China

27.07.2007 - Cornerstone ceremony for new polymerization and compounding plant in Shanghai "We are taking a large step forward in our Asia Pacific strategy,” stated Dr. Joachim Leluschko, head of the High Performance Polymers (HP) Business Unit of Degussa GmbH, Germany, at a cornerstone ceremony (Photo) for a...

BASF to raise prices for colorants and additives

26.07.2007 - Effective immediately, BASF (www.basf.com) will increase prices of colorants and additives globally between 5 and 20 percent, depending on the product line, as existing contracts allow. Reasons are increased energy, raw material and transportation costs. Affected products are: organic, inorganic...

Chemtura increases prices on cresol-based antioxidants

20.07.2007 - Chemtura Corporation (www.chemtura.com) is raising the price of the cresol-based antioxidants of its Polymer Additives business, primarily as the result of a significant and sustained increase in key raw material costs. Effective on all deliveries after July 15, 2007, or as contracts allow, the following...

Degussa Increases Prices across Entire Range of High-Performance Polymers and Monomers

17.07.2007 - The High Performance Polymers (HP) Business Unit of Degussa GmbH, Marl, Germany (www.degussa.com), has announced price increases for its VESTAMID®, VESTOSINT®, VESTAMELT®, TROGAMID®, and VESTENAMER® product lines. Product prices will increase by 8 percent on average, depending on product type and region....

DuBay Polymers: LANXESS and DuPont expand joint PBT polymer production

16.07.2007 - Chemical companies LANXESS (www.lanxess.com) and DuPont (www.dupont.com) have expanded their PBT polymer production joint venture. More than ten million Euros have been invested by the partner companies in the operation of their joint venture (JV), DuBay Polymer GmbH located in Hamm-Uentrop, Germany....

Huntsman Agrees to Be Acquired By Hexion for $28.00 Per Share

16.07.2007 - Terminates Merger Agreement With Basell Huntsman Corporation (www.huntsman.com) announced shortly that it has terminated the merger agreement with Basell AF ("Basell", www.basell.com) dated June 26, 2007 (the "Basell Agreement") and has agreed to a definitive merger agreement (the "Hexion Agreement")...

Björn Hedlund is new global marketing director at DuPont Engineering Polymers

11.07.2007 - Effective 1st July 2007, Björn Hedlund (54, Photo) assumes the role of global marketing director at DuPont Engineering Polymers (EP, www.dupont.com) in addition to his position as regional director Europe, Middle East, Africa (EMEA) for this business. He succeeds Timothy P. McCann, who is the new vice...

DSM: New High Flow and High Productivity Materials

10.07.2007 - DSM Engineering Plastics (www.dsmep.com) has introduced a range of High Flow & High Productivity materials, which enable significant system cost reductions, when compared to standard resins. Added value for the customer is generated by these materials via shorter production cycles leading to lower processing...

Huntsman Receives Merger Proposal From Hexion For $27.25 per Share in Cash

05.07.2007 - Huntsman Corporation (www.huntsman.com) announced yesterday that it has received from Hexion Specialty Chemicals, Inc. (www.hexionchem.com), an entity owned by an affiliate of Apollo Management, L.P., a proposal (the “Hexion Proposal”) to acquire all of the outstanding common stock of Huntsman for...

Borealis increases price of its polypropylene based products for automotive and appliance applications in Europe

05.07.2007 - Borealis (www.borealisgroup.com) announces that it will increase the price of its polypropylene based products used in automotive and appliances applications in Europe by 60 €/per tonne as of July 1, 2007.

Basell to acquire Huntsman for $25.25 per share

28.06.2007 - Basell (www.basell.com), the global leader in polyolefins’ technology, production and marketing, and Huntsman Corporation (NYSE: HUN), one of the world’s largest manufacturers and marketers of differentiated chemicals and pigments, announced today that they have signed a definitive agreement pursuant...

LANXESS: Price adjustment for Lustran, Novodur and Triax

11.06.2007 - LANXESS (www.lanxess.com) has increased the prices of its Lustran (ABS), Novodur (ABS) and Triax (ABS/PA) products by EUR 150 per metric ton. According to Wolfgang Döring, head of Marketing & Sales Europe and Latin America in the Lustran Polymers business unit, this adjustment, which comes into effect...

Degussa: RAG Subsidiary Expands Production of High-Performance Rigid Foam to North America

31.05.2007 - Degussa (www.degussa.com) is planning to build a production plant for the rigid polymethacrylimide foam ROHACELL® at its largest US site in Mobile, Alabama. The new plant by the world´s leading specialty chemicals company comprises an investment volume of about US$10 million and is scheduled to commence...

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