Borealis reports ┬92m net profit in Q2 2010

(plastemart) -- Borealis has announced a net profit of ┬92 mln for Q2-2010, a further improvement compared to ┬54 mln in Q1-2010, as well as when compared to Q2-2009. Net profit was reported at ┬146 mln year to date; vs ┬35 mln during the same period in 2009.

Feedstock prices came down after a peak in April while polyolefin market prices continued to increase leading to improved industry margins. European polyolefins industry sales volumes are in line with previous years' sales levels. Borealis' sales volumes increased quarter-on-quarter in most market segments compared to the first quarter of 2010.

MRCСправка MRC

Borealis. The share in the Russian market in 2008:

polyethylene - 4.1% (including HDPE - 4.7%, LLDPE - 8.7%);
polypropylene - 3.2% (PP-impact - 7.5%).

Annual sales growth in Russia over the last 5 years:
polyethylene - 11%;
polypropylene - 6%.

Leader in polymers processing technologies:
extrusion coating;
cable extrusion;
injection molding.

Sabic innovative resins used in kitchenware production

BERGEN (Sabic) -- Kitchenware industry leader, Robinson Home Products - home of well-known brands such as Oneida, Sunbeam, Rubbermaid and Crock Pot - has tapped SABIC Innovative Plastics' eco-engineered Valox iQ resin for its new Green Street line of plastic kitchen utensils. A more sustainable, higher-performance material than traditional resins, Valox iQ resin utilizes upcycled polyethylene terephthalate (PET) water bottles, diverting them from already bulging landfills. Equally important, this innovative product delivers the exceptional performance and quality that consumers demand in kitchenware, including heat and chemical resistance, U.S. Food and Drug Administration (FDA) approval for food contact, and attractive appearance. SABIC Innovative Plastics' investment in sustainable technologies helps companies like Robinson Home Products - a SABIC Innovative Plastics customer for over 30 years - achieve business success while promoting environmental protection.

MRC Reference

Sabic. The share in the Russian market in 2008:
PE - 0.2%;
PP - 0.4%;
PS - 0.2%.

Annual sales growth in Russia over the last 5 years:
PE - 33%;
PP - 62%.

ICIS extends presence in Russian market through MRC joint venture

LONDON (ICIS) -- Global chemicals information giant ICIS is extending its presence in the Russian plastics market through a joint venture with specialist Former Soviet Union (FSU) based benchmark price provider MRC, the two companies announced on Thursday.

⌠The Russian polymers market is growing at an extraordinary speed and becoming an integral part of the global marketplace, said Christopher Flook, publishing director of ICIS, a part of Reed Business Information. ⌠Our cooperation with market-leaders MRC (Market Report Company) will ensure we serve customers both inside and outside Russia with a greatly-enhanced information offering.

⌠We are very pleased to be working with ICIS, the global leader in the market information field, said Sergey Yaremenko, CEO of MRC. ⌠MRC's specialist expertise in these markets is a natural fit with ICIS' breadth and depth of coverage.

To mark the launch of their collaboration, ICIS and MRC are holding a one-day conference: ⌠Russian Polymers Summit on October 14th, 2010 in Moscow, Russia.

Participants will gain an understanding of the challenges facing the polymers market in Russia and the FSU. Key areas for focus will include Russian and international producers' perspectives on the potential threats posed by increased tariffs; and on supply-demand issues and their impact on pricing.
Delegates will also have the opportunity to interact with key players in the Russian polymers market. Click here to find out more and to register, or

Further areas of increased co-operation between ICIS and MRC will be announced at the summit.

About ICIS

ICIS is well established as a key global provider of benchmark price and news intelligence for the chemical, oil and energy industries, assisting companies in global commodity markets to improve their revenues and profits by providing high quality, timely, commercially useful information, business leads and brand positioning across the world.

ICIS' global team of more than 200 people based in London, Houston, Singapore, New York, Washington, San Francisco, Shanghai, Moscow and Mumbai strives to deliver definitive global chemical intelligence.

About Reed Business Information Ltd

Reed Business Information serves industry professionals with data services and marketing solutions, produces industry specific data and lead generation tools, provides over 200 online community and job sites and publishes over 200 premier business magazines. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal, and Risk and Business sectors.

About MRC

Market Report Company supplies chemical market pricing and insight for the polyethylene, polypropylene, polystyrene, PVC and PET markets. Since 2003, MRC reports on Russia, Ukraine, Belarus, Kazakhstan and Uzbekistan and supplies information to the major players in the market.

For further information on ICIS please contact:
Justine Gillen
+44 20 8652 8031

For further information on MRC please contact:
Andrey Tretyakov,
+7 495 543 91 94 (ext.133)

LyondellBasell names new senior vice-president

(prw) -- LyondellBasell has named Sergey Vasnetsov as senior vice-president, strategic planning and transactions. He joins the company from Barclays Capital where he was managing director and head of the global chemical research group.

Vasnetsov has worked at several investment banks providing economic and financial research of the chemical industry. He has been recognised as one of the leading chemical analysts by the Institutional Investor Magazine in each of 2000-2009 annual investor surveys.

Vasnetsov has a master of science in kinetics and catalysis from the University of Novosibirsk, Russia. He was a George Soros Scholar at Oxford University (UK) and later earned an MBA in finance from Rutgers University. He started his industrial career as a senior chemist at Union Carbide.

MRCMRC Reference

LyondellBasell. The share in the Russian market in 2008:
PE - 1.4% (including HDPE - 2.5%, LDPE - 0.3%);
PP - 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
PE - 27%;
PP - 88%.

The leader in the following polymers processing technologies:

pipe extrusion;

film extrusion;

injection molding

Tosoh suspends its sole naphta cracker

(Reuters) -- Japan's Tosoh Corp plans to bring to a halt, its sole naphtha cracker at the Yokkaichi plant. The shutdown is mandatory to conduct checks at the plant after identifying minor trouble with the unit. Restart of the unit post-investigation has not been specified, but could take about a week.