SP Chemicals to take off-stream SM plant in China for maintenance

MOSCOW (MRC) -- Singapore based SP Chemicals is in plans to shut its styrene monomer (SM) plant for maintenance turnaround, as per Apic-online.

A Polymerupdate source in China informed that the plant is planned to be shut in October 2015. It is expected to remain off-stream for around one month.

Located in Jiangsu province, China, the plant has a production capacity of 320,000 mt/year.

We remind that, as MRC reported earlier, another petrochemical producer in Asia - Styrindo Mono Indonesia (SMI) - shut its No 1 styrene monomer (SM) plant for maintenance turnaround in end-July 2015. It is likely to remain off-stream for around one month. Located in Merak, Indonesia, the plant has a production capacity of 100,000 mt/year.

SP Chemicals, a Singapore-based company is one of the largest ion-membrane chlor-alkali producer and aniline producer in China. The company's products include: aniline, caustic soda, chlorine, chlorobenzene, nitrochlorobenzene, nitrobenzene, vinyl chloride monomer (VCM). SP Chemicals plans to invest approximately RMB1.1 billion in facilities for the production of styrene monomer, an intermediate raw chemical used in making polystyrene plastics, protective coatings, polyesters and resins.
MRC

Henkel reports 14 pct rise in Q2 sales

MOSCOW (MRC) -- German consumer goods group Henkel reported a 14 percent increase in second-quarter sales and core profit, helped by solid demand for its detergents and adhesives in emerging markets and currency effects, said Reuters.

However, organic sales growth in Henkel's adhesives business, which accounts for half of its group sales, slowed down in the second quarter compared to the first quarter, driven by lower demand in the key North American market.

"We expect the current difficult global economic environment to persist," Chief Executive Kasper Rorsted said in a statement on Wednesday. Henkel reiterated it expected 2015 organic sales growth of 3-5 percent and a flat operating profit margin.

In its laundry and home care business, the group saw growing sales in North America, helped by increasing appetite of U.S. consumers for its newly launched Persil detergent, which competes with Procter & Gamble's Tide, the market leader.

Looking to reclaim lost ground, Henkel in spring launched its high-end Persil laundry detergent, which is a billion-euro global brand in 60 countries outside the United States, through an exclusive tie-up with WalMart.

Henkel reported second quarter adjusted earnings before interest and tax (EBIT) of 768 million euros (USD851 million) on sales of 4.7 billion euros, in line with analysts' expectations.

As MRC informed earlier, Henkel Russia announced it has opened a new dry building mixes plant in the Novosibirsk region. The new production site reportedly places the company closer to customers in the Siberian and Far East regions of Russia.

Henkel operates in three business units, including laundry and home care, beauty care and adhesive technologies.
MRC

Eastman Chemical selects Airgas for top three global supplier awards

MOSCOW (MRC) -- Airgas says it was selected from Eastman’s more than 6,500 global suppliers to receive the recognition for consistently delivering high-quality products and services and demonstrating proven dedication to strengthening Eastman’s efficiencies, competitive advantage, and sustainability improvements, said Hydrocarbonprocessing.

Airgas is the only Eastman supplier to have earned all three awards this year. Airgas says it was selected from Eastman’s more than 6,500 global suppliers to receive the recognition for consistently delivering high-quality products and services and demonstrating proven dedication to strengthening Eastman’s efficiencies, competitive advantage, and sustainability improvements.

Airgas, through its Kingsport facility in Tennessee and its Mid-America distribution region, supplies Eastman with a wide range of industrial, specialty, and bulk gases as well as hardgoods related to welding and cutting.

Airgas products are used at several of Eastman’s manufacturing sites throughout the US, and applications include scientific testing, maintenance, process component fabrication, and instrument calibration.

As MRC informed before, in December 2014, Eastman Chemical Company announced the completion of its acquisition of Taminco Corporation, a global specialty chemical company, for a total of USD2.8 billion in cash and assumed debt.

Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2014 revenues of approximately USD9.5 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 15,000 people around the world.
MRC

BASF inaugurates new resin plant in Shanghai, China

MOSCOW (MRC) -- BASF inaugurated its new resin and electrocoat plant at the Shanghai Chemical Industry Park (SCIP) in Shanghai, said the producer in its press release.

In line with BASF’s approach to stay close to customers worldwide, this new plant will further strengthen BASF’s local manufacturing footprint in Asia Pacific and create close to 70 new jobs at the site.

During the opening ceremony, Dr. Markus Kamieth, President of BASF Coatings, said, "This plant is a vital addition to our global manufacturing network of high quality coatings. It demonstrates our strong commitment to supporting the automotive industry’s long-term growth in Asia Pacific."

Dr. Albert Heuser, President Functions Asia Pacific, President and Chairman Greater China, BASF, added, "As part of our Asia Pacific strategy, we aim to produce locally 75% of what we sell in Asia Pacific. With this investment in a local production facility, we are well-positioned to provide our customers in the region with customized solutions in a timely manner."

"The automotive industry in Asia is growing. This plant, together with the automotive coatings plant we opened last year, provides the capacity we need to support our customers’ growth and success. We will keep on investing in research and development, applications technology and production capacities in Asian markets to fulfill the increasing demands of our customers," said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF.

Strategically located next to each other at SCIP, this new resin plant is fully integrated in the new automotive coatings plant to create more synergies and high production efficiency. They strengthen BASF’s position as a leading and innovative coatings supplier to the growing industries, notably the automotive industry, in the region.

As MRC informed earlier, SIBUR, Russian integrated gas processing and petrochemical company, and BASF have extended their long-term agreement on supply of additives used for polymer manufacturing at SIBUR production facilities.

BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF had sales of over EUR74 billion in 2014 and over 113,000 employees as of the end of the year.

MRC

PP imports into Russia decreased by 21% in January - July 2015

MOSCOW (MRC) - Total imports of polypropylene (PP) into Russia decreased to 80,700 tonnes in the first seven months of 2015, down 21% compared to the same period of 2014. The largest decrease occurred for PP block copolymers, as per MRC DataScope.

Russian companies kept PP imports from the overseas markets in July practically at the level of June, having bought about 12,100 tonnes. Total PP imports in Russia decreased to 80,700 tonnes in the first seven months of this year, compared with 102,500 tonnes year on year. The largest decline in imports occurred for PP block copolymers, the smallest reduction in supply occurred for PP random copolymers.

PP imports in Russia over the reported period looked as follows.

July imports of homopolymer PP declined by more than 1,000 tonnes in comparison with the June figure and amounted to about 4,300 tonnes.
The reduction in supply occurred mainly for homopolymer PP raffia grade from Turkmenistan. Total imports of homopolymer PP into Russia were 31,100 tonnes in January - July 2015, compared with 33,500 tonnes year on year.

July imports of block copolymers of PP increased to 2,400 tonnes, compared with 2,200 tonnes in June on an increase in the supply of injection moulding grades. Russia's imports of PP block copolymers decreased to 15,600 tonnes over the first seven months of the year, down 45% year on year. Local producers of pipe decreased import purchases more than twice; imports of injection moulding PP block copolymers decreased by 30% in the reported period.

Imports of PP random copolymers exceeded the level of 3,200 tonnes in July, compared with 2,700 tonnes in June because of an increase in purchases from the local producers of pressure PP pipes. Russia's imports of PP random copolymers decreased to 18,300 tonnes in January - July 2015, down 2% year on year. The import volumes of PP random copolymers were reduced by producers of pressure PP pipes, while producers of injection moulding products increased their purchases.

Imports of other propylene polymers for the reported period decreased to about 15,600 tonnes, compared with 22,000 tonnes in the same time a year earlier.