EU Chemical Business Gains Momentum

 
 

Key topics in this newsletter: EU chemical industry weathers globalization and competitiveness challenges, M&A activity, company news from Eli Lilly, Johnson & Johnson, Reckitt Benckiser, Chemtura, Celanese, Dow, Lotte, PPG, Rosneft, SABIC, LyondellBasell, and more

Dear Reader,

Chemical business in the European Union became more favorable in the fourth quarter of 2016, compared to the rest of the year, and economic sentiment in the euro zone improved on the whole, according to figures compiled by the World Economic Study and the EU Commission Business Survey. The statistics agencies said, however, that the current business situation and the outlook for the coming months were “markedly different” across EU member states.

Output in the EU chemicals sector saw no growth during the first eleven months of 2016, compared to the same period one year ago, the EU survey said. The chemical industry continues to weather the impact of globalization as well as competitiveness challenges associated with the cost of doing business in the 28 member states, it noted.

According to the report, flat output and declining prices have negatively impacted EU chemical sales for at least three years. From January to October 2016, sales declined by 3.6%, led by a 4.2% setback in domestic sales. Led by polymers and specialty chemicals EU chemicals exports totaled €120.9 billion in the year’s first ten months, a decline of €28 billion. The US and European countries not part of the EU were the largest markets. Click through here to read more.

And here is the latest in chemical industry and market news:

Being well-informed is crucial for industry experts. If you are amenable to new opportunities, be sure to check out our New Jobs for Engineers and Scientists

CHEManager International keeps you up to date on the latest industry news. Scroll down for more and enjoy reading.

Dr. Ralf Kempf
CHEManager International

 
 
 
 
 
 

Features

 

Maintenance Dortmund 2017: Specialist “Industry today and tomorrow” Trade Show

 

Get your free trade show ticket here with CODE 4108 plus our recommendation for the two specialist trade shows, “maintenance Dortmund” and "Pumps & Valves", which are running on 29 and 30 March 2017 in the ...

 
 
 
 
 
 

Topstories

 

Novo Nordisk Invests in UK Research Center

 

Novo Nordisk has announced plans to invest 1 billion Danish kroner ($145 million) over 10 years in a new research center at the University of Oxford, giving a major boost to the UK’s life sciences sector.

 
 
 

Avalon and Bern University Research Formaldehyde Alternative

Switzerland’s Avalon Industries and the Institute for Materials and Wood Technology at the ...

 
 
 
 
 
 

News

 

European Parliament’s Trade Committee Clears CETA

 

The European Parliament’s International Trade Committee gave its approval to the proposed EU-Canada Comprehensive Economic and Trade Agreement (CETA) on Jan 24. The draft recommendation was passed by 25 votes to 15 with one ...

 
 
 

SABIC to Buy Shell Stake in SADAF

Saudi petrochemicals giant SABIC and oil-chemicals major Shell have has signed an agreement calling ...

 
 
 

Saudi Aramco Shelves Venture with Petronas

Saudi Aramco has suspended plans to partner Malaysian state-owned energy company Petronas in the ...

 
 
 

Air Liquide Buys Colombia’s Oxymaster

Major French industrial gases group Air Liquide has entered the Colombian home healthcare sector ...

 
 
 

PPG Buys China’s Futian Xinshi

US coatings giant PPG Industries said it has bought “certain assets” of Chinese ...

 
 
 

Axalta Buys Two Coatings Firms

US liquid and powder coatings company Axalta Coating Systems has acquired two firms since the ...

 
 
 

Ineos Takes Control of Oxochimie

Ineos is taking full ownership of Oxochimie, its 50:50 joint venture with French chemicals group ...

 
 
 

Celanese to Acquire Nilit Plastics

US chemical producer Celanese signed an agreement to buy Nilit Plastics, the nylon compounding ...

 
 
 

LyondellBasell Completes US Ethylene Expansion

Netherlands-headquartered, Texas, USA-managed petrochemicals and plastics producer LyondellBasell ...

 
 
 

Ethypharm Takes UK’s Martindale Pharma

Boosting its presence in the UK pharmaceutical market, French company Ethypharm has acquired ...

 
 
 
 
 
 

Whitepaper

 

Breathing New Life into Spectroscopy

 

Gas-chromatography mass-spectrometry (GC-MS) instruments are useless without reference spectra databases. Without reliable reference spectra to search against, the identity of compounds can only be guessed. This is why GC-MS instruments ...

 
 
 
 
 
 

Events

 

2nd European Chemistry Partnering

Date:
Feb. 23, 2018
Place:
Frankfurt, Germany
Website:
http://www.ecp2018.com
 
 
 

EyeForPharma Barcelona 2017

Date:
Mar. 14 - Mar. 16, 2017
Place:
Barcelona, Spain
Website:
http://www.eyeforpharma.com
 
 
 

2. German-Turkish Innovation Summit 2017

Date:
Mar. 15 - Mar. 16, 2017
Place:
Istanbul
Website:
http://globalsuccess-days.net
 
 
 

LogiChem Europe 2017

Date:
Mar. 28 - Mar. 30, 2017
Place:
Amsterdam
Website:
http://wbresear.ch
 
 
 
 
Process Technology & Automation 2017
 
 
 

If you are amenable to new opportunities, check out our New Jobs for Engineers and Scientists.

 
 
 

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