Financial Performance and Strategy news (page 10)

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  3 April 2018

  Evonik to Close Hungarian Kaba Site

  Production at the Kaba site will end by April 2018 due to market competition. Alternatives were explored, and supply remains assured. Redundancies will be managed with local authorities.
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  7 November 2016

  MOL Group Sets 2017-2021 Financial and Operational Targets

  MOL plans $2bn capex for refining, petrochemicals, and retail, aiming for higher non-fuel product share and market expansion. Focus on efficiency, diversification, and maintaining strong cash flow.
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  3 November 2016

  Pannonia Ethanol Expands Tolna County Plant

  A €135M credit facility from Hungarian banks will fund plant expansion, job creation, cost reduction, and increased corn buying and animal feed output. The company seeks government support against EU ethanol phase-out.
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  10 May 2016

  Ercros to Invest EUR 54 Million to Phase Out Mercury Technology

  The plan involves investing EUR 53.7M to increase membrane chlorine production, reduce mercury use, and enhance efficiency, aiming for a yearly EBITDA of EUR 48M by 2020.
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  3 December 2015

  Celanese Sells Tarragona Emulsions Unit to IQOXE

  The sale includes a 25,000mt emulsions unit with 29 employees. Celanese will still market certain products. The VAE unit will close due to lack of buyers, with production ceasing in October.
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  27 March 2015

  Grupa Azoty's Largest Project

  A €425M project will build Europe's largest PDH unit, a power plant, and expand port facilities, boosting revenue by €500M annually and creating 200 permanent jobs. Completion expected by 2019.

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  10 December 2014

  370 Million Euro Invested in Höchst Industrial Park

  Since 2000, investments in Höchst Industrial Park total 6.3 billion euros. In 2014, Infraserv Höchst Group saw a 10% revenue increase, driven by energy supply advancements.
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  10 November 2014

  Styrolution to Close Polystyrene Site in Sweden

  The Trelleborg site closure by end of 2014 affects 51 employees. Operations will shift to Antwerp and Wingles to enhance cost structures and support long-term sustainability in EMEA.
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  6 June 2013

  Solvay to Strengthen Global Soda Ash Leadership

  Plans to cut €100M/year in European costs by 2016, expand North American trona mining, and close a Portuguese unit. Aims to boost efficiency and address overcapacity, impacting 450 jobs by 2016.
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  21 November 2012

  Thermphos Bankrupt

  Declared bankrupt on Nov 21, 2012, the company faced strict government controls, competition, and safety issues. 450 jobs were lost, and no buyer emerged for a relaunch. Annual turnover was €400 million.
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  9 July 2012

  Vita Group Sells Nonwovens Business

  Employees will transfer, and consultations with Works Councils are underway. Funds from the sale will reduce debt and invest in growth. Vita Group now has no net debt and significant cash availability.
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  9 May 2012

  Eni Rebrands Chemicals Division as Versalis

  Versalis focuses on innovation, green chemicals, and emerging markets. Investments target growth, site upgrades, and elastomers, aiming for a 50% sales increase and €400m EBIT improvement by 2015.
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  30 June 2010

  Neste Oil Sells Sines Plant to Repsol

  The sale of the Sines ETBE plant will slightly boost Neste Oil's Q2 results. The plant, with a 50,000-tonne capacity, was converted to ETBE production in 2005.
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  15 May 2010

  LANXESS Opens R&D Center for NBR in France

  The new center in La Wantzenau consolidates R&D for NBR, enhancing product innovation and global competitiveness. The site also focuses on sustainability, reducing energy costs by 90%.