Kazanorgsyntez reports about RUB 216m profit

(BusinessOnline) -- In Q2 2010, Kazanorgsyntez's profit amounted to RUB 216m, which was 70% less than Q1 figures.

Including the fact that in Q1 2009 the company generated RUB786m profit, it is obvious that the fgures are more than three times down.

However, Kazanorgsyntez generated RUB938m profit in H1 2010.

MRCMRC Reference

Ineos films business taken over by an Indian company

(prw) -- Ineos Group has agreed to sell its global films business to Bilcare, the Indian-based group which provides pharmaceutical packaging which enables drug stabilization and protection. The transaction price is approximately ┬100m.


The deal comprises the business, assets and personnel related to Ineos Films operations located in North America, Europe, and Asia. The two companies said the agreement ⌠brings together complimentary capabilities and synergies of two leading global businesses.

MRCMRC Reference

Ineos is a petrochemical group.
In Russia Ineos's interests are represented by Ineos Polyolefins and IneosChlorVinyls.

The share in the Russian market in 2008:
PVC - 4.5%;

polyethylene - 1.9%
(HDPE - 2.8%, LDPE - 1.2%);
polypropylene - 1.4%
(PP-random - 22.1%, PP-impact - 2.0%);
polystyrene - 0.9%.

Imports by polymers processing technologies:
profile extrusion;
pipe extrusion;
film extrusion;
injection molding.

Huntsman to acquire Laffans Petrochemicals' division

(plastemart) -- Huntsman Corp. has agreed to acquire the chemicals business of Indian ethylene oxide derivative maker Laffans Petrochemicals Ltd. Financial terms of the agreement were not disclosed. The company expects to close on the deal in 2011. When completed, the chemical business will be integrated into Huntsman's performance products division.

The acquisition is subject to certain terms and conditions and is expected to occur in the first half of 2011.


The acquisition is in line with Huntsman's strategy to meet the demands for other amines in Asia.

MRC

Total Petrochemicals reports 72% profit increase in Q2

(plastemart) -- Europe's third-biggest oil company Total SA, has reported a 72% increase in Q2 profit after projects started last year were ramped up and on significant improvements across all of its businesses. It's chemicals business has grown four times in Q2 adjusted net operating profit to ┬274 mln. The growth is driven by a 25% rise in sales and an improvement in margins as the markets saw an overall improvement. Cost-cutting measures have also contributed to the segment's strong performance. Sales from Total's base chemicals segment grew by 29% to ┬2.79 bln, while sales of specialty chemicals increased by 17% to ┬1.78 mln.

MRC

Eastman posts record second quarter results

(prw) -- Eastman is yet another chemicals giant that has posted analyst-beating second quarter results. Amongst its results the company revealed a large jump in sales of coatings and speciality plastics.


Eastman reported quarterly net income of $148m, compared with net income of $65m for the same quarter last year. Revenue rose to $1.7bn from $1.3bn.

MRC