Company Dynamic

Petrochemical giant LyondellBasell and special chemical company Huntsman both reported growing profits after making major recent announcements.

• LyondellBasell
• Huntsman

Scientists have long struggled with generating and storing hydrogen, the kind that might one day provide the backbone for renewable energy fuel cells.

• Fuel-Efficient
• Energy

PPG Industries Inc (PPG) has reached an agreement to acquire The Crown Group from High Road Capital Partners and Charter Oak Capital Partners.

• PPG

Perstorp said that its Capa 6500D and the new 6800D grades has been approved for use in food contact in US.

• Perstorp

Bunge Ltd.’s sweeping plans to overhaul its business and cut costs may not be enough to compensate for weak earnings and could still leave it vulnerable to a new bid from diversified rival Glencore PLC.

• Bunge

Clariant AG said that its catalysts business is participating in the German government'sKopernikus technology initiative, aiming to promote the switch to renewable energy.

• Clariant

Indorama Ventures Public Company Limited (IVL) said that it has completed the brownfield expansion of its purified terephthalic acid (PTA) plant in Rotterdam, Netherlands.

• Indorama
• PTA

P&SP, a business unit of DOW has launched a new tenter frame biaxially oriented polyethylene (TF-BOPE) – an innovative and revolutionary addition to the Innate precision packaging resin family.

• Dow

ExxonMobil Corporation (XOM) said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels.

• ExxonMobil

Biesterfeld Spezialchemie GmbH has assumed responsibility for the distribution of unsaturated polyester resins (UP resins) from Polish company LERG SA.

• Biesterfeld

From January to April 2017 EU’s apparel imports dipped 2.88 per cent. China’s quantity-wise apparel exports to the EU dropped by 3.31 per cent. Vietnam, Bangladesh and India too saw a drop

• Textile
• Apparel

Hungary (AP) Formula One tiremaker Pirelli has concluded that Kimi Raikkonen’s tire damage late in the British Grand Prix was likely caused by external contact.

• Pirelli
• Tire

Michelin's operating profit fell in the first half, with the French tyre maker saying on Tuesday it had missed forecasts because analysts had overestimated foreign exchange gains.

• Michelin

Tesco has become the latest retailer to commit to removing chemicals thought to be hazardous from the supply chain of its clothing brand.

• Tesco

McCormick & Co agreed to acquire Reckitt Benckiser’s food business for $4.2bn, adding French’s mustard and Frank’s RedHot sauce to its lineup of spices and seasonings.

• McCormick

Unilever reported second-quarter sales growth in line with estimates as hot European weather boosted sales of Ben & Jerry’s and Magnum ice-cream brands and the company raised prices to offset stagnant volume.

• Unilever

The 3M Company said that it has launched 3M Attest rapid readout biological indicator (BI) system for vaporised hydrogen peroxide sterilisation (VH202).

• 3M

Showa Denko K K (SDK) has established a wholly-owned subsidiary, Showa Chemicals of America Inc (SCA), in Austin, Texas, aiming to strengthen its sale of high-purity gases for electronics in US.

• SDK
• SCA

Shell Australia, an Australian subsidiary of Royal Dutch Shell plc, confirmed that its Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters.

• Shell

PPG Industries Inc (PPG) said that it has appointed two executives, effective immediately.

• PPG