Chemical | 11 October 2017
Axalta revises its 2017 growth outlook down to 6-7%
The company has revised its financial outlook after factoring in various recent developments
The company has revised its financial outlook after factoring in various recent developments
The operational incident in its Kingsport site’s coal gasification operations area to impact the company’s operating earnings
New company will be one of the leading chemical distributors for Specialty Chemicals in the southern African region
India’s Specialty Chemical to grow @13% as against China’s 7 % or global 3%
Once complete, production capacity will grow by more than 100 per cent by the 3rd quarter of 2018 to 38,000 tons per year
After completion in 2021, the plant will produce 1 billion pounds per year of PO and 2.2 billion pounds per year of TBA.
The company has commissioned a second production line for thermoplastic urethane.
Expansion increases facility’s production capacity of essential pharmaceutical grade salt used in intravenous solutions, particularly dylasis, insulin, baby food by 60 per cent
High Performance Polymers and Specialty Chemicals producer EMS Group’s net sales rose by 6.7% in the first 9 months of 2017 and reached about US$ 1630 as compared to compared to US$ 1528 in the previous year.
AkzoNobel Aerospace Coatings has expanded its distribution network and added Hisco as its new distributor.
According to the American Chemistry Council’s Global Chemical Production Regional Index (Global CPRI), growth in global chemistry during August continued on a solid pace but was weighed down by effects of Hurricane Harvey.
The state contributes 62% of Petrochemical, 53% of chemical and 45% of Pharmaceuticals production
The new state-of-the-art facility is scheduled to be operational by 2020
In 2016, China challenged that EU regulation which did not conform with existing international procedures when it came to calculating anti-dumping duties.
The investment is for a second, fully independent HMW HALS manufacturing unit to complement the existing line at Willow Island and is slated to be operational by mid-2019.
The report estimates that in the next five years, the global specialty chemicals market will grow by 3 per cent annually.
However, Olin is hopeful of lowering its Q4 adjusted EBITDA. Olin is a manufacturer of chlor alkali, vinyls, epoxy and winchester.
Operations shall be terminated by November 2018.
Azelis has acquired cosmetic and fragrances manufacture Georges Walther
Speciality chemical to grow to US $ 86.5 bn by 2025
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