Spolchemie records results in 2011

(spolchemie) -- Spolchemie is pleased to announce it's 2011 results. Spolchemie achieved sales of 5.114 billion CZK (208 million EUR) and net profit of 194 mil CZK (8 mil EUR), EBITDA was 613 mil CZK (25 mil EUR).

This is the first time in Spolchemie's history that annual revenue exceeds 5 billion CZK and 200 million Euro. Sales increased from 2010 by 16.3% and EBITDA by 8.6%.

Spolchemie is one of the leading synthetic resins manufacturers in Europe. Its product range includes epoxy resins and alkyd resins, hardeners and diluents. The copmpany is a global leader in environmental friendly synthetic resins and the first company in the world which obtain the EPD certificate for liquid epoxy resins - Green Epoxy Resin.

Besides synthetic resins it also produces other chemicals (e.g. potassium hydroxide, sodium hydroxide, allylchloride, sodium hypochlorite, perchloroethylene, hydrochloric acid, liquid chlorine).

Nalco to build dry polymer plant at Louisiana facility

(hydrocarbonprocessing) -- Nalco on Friday announced the construction of a new dry polymer production facility at the company's complex in Garyville, La.

The 300,000 square-foot facility will produce dry polymer products for use in removing contaminants from wastewater, increasing production efficiency in the paper industry and recovering minerals in the mining industry.

When completed late this year, the dry polymer plant will increase facility space at the Garyville complex to one million square feet and add 22 full-time positions to the company's current Garyville workforce of 235 employees.

"For more than 40 years, the Garyville community has had a significant role in the growth of Nalco, and we are extremely proud of the products and results our local employees have produced," said Jim Seifert, executive vice president of Ecolab, Nalco's parent company.

"The new dry polymer facility further strengthens our relationship with the community and the state of Louisiana, and we look forward to opening this facility and providing our customers with another innovative product solution."

KEG raises prices for its polyvinyl products

(kuraray) -- Effective July 01st. 2012, or as contract terms allow, KEG will target an increase of its sales prices for Polyvinylalcohol products in Europe, Africa and Middle East in a range of EUR 100 - 130 per metric ton.

Polyvinyl alcohol products and its specialities are market by Kuraray under the brand names Mowiol, Mowiflex, Kuraray Poval and Exceval.

The price adjustments are as well related to the recent level of raw materials, based on increased, and on a high level remaining, feed stocks, as significant rise in utility costs, logistic costs, and several general costs.

This increase affects the Polyvinyl alcohol business of KEG into all industries and applications, that are -among others - adhesives, paper coatings, emulsion polymerization, plastic production / -processing, textiles and ceramics, nonwovens, glass fibers, building products and paints and coatings.


Westlake Chemical restarts plant in Geismar

(westlakechemical) -- Westlake Chemical Corporation announced that its vinyl chloride monomer (VCM) unit at its complex in Geismar, Louisiana, damaged by a fire in late March, has been safely repaired and restarted. With the restart of this unit the overall site is now fully operational.

Westlake continues to cooperate with governmental authorities, including OSHA, EPA, the Louisiana Department of Environmental Quality, and law enforcement, regarding the investigation into the factors contributing to the fire.

The company is working with its customers and suppliers to mitigate the impact of the outage and to meet their needs as production resumes.


Styron to increase prices of polystyrene and copolymers in Europe

(plasticker) -- Styron Europe GmbH and its affiliate companies in Europe announced price increases for all polystyrene and copolymer grades.

Effective immediately, or as existing contract terms allow, the May contract and spot prices for the products listed below, will increase as follows: STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) by 50 Euro per metric ton; MAGNUM ABS resins and TYRIL SAN resins by 35 Euro per metric ton.

The price increase responds to the rising costs associated with the manufacturing of polystyrene and copolymers grades in Europe.