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Chemicals & Pharmaceuticals News

Sasol under pressure as it confirms 'prolonged' gas-to-liquids ramp-up

By: Terence Creamer     26th July 2007 Petrochemicals group Sasol confirmed on Thursday that its “back-up solution” for its underperforming Oryx gas-to-liquids (GTL) joint venture, in Qatar, was likely to take until the middle of 2008 to develop, but stressed in a newsletter that “these events are not expected to... 

Sasol boosts 3yr capex plans to R65bn

By: Mariaan Webb     26th July 2007 Petrochemicals company Sasol is stepping up its capital expenditure programme, with some R65-billion earmarked for expanding and enhancing its operations. Capex amounted to R12-billion in the 2007 financial year, which was R2-billion lower than forecasts, but the company planned to more than... 

Workers in the glass manufacturing sector threaten strike

By: Nelendhre Moodley     26th July 2007 Following a wage negotiation deadlock between workers in the glass sector and employers on Tuesday, a strike certificate was issued to employers in the glass sector of the chemical industry on Wednesday afternoon. 

Chemicals firms, unions in last-ditch talks to avert strike

By: Nelendhre Moodley     24th July 2007 Wage negotiations, between the industrial chemicals sector and employee representatives, on Wednesday will determine whether industrial strike action would follow early next week, trade union Solidarity spokesperson Jaco Kleynhans said. 

AECI in talks with potential partners for speciality fibres unit

By: Mariaan Webb     24th July 2007 South African chemicals firm AECI was in talks with "a number" of interested parties to find strategic partners, or owners, to add value to all or part of its speciality-fibres business Sans Fibres, it said on Tuesday.  

AECI interim headline earnings 34% lower

By: Mariaan Webb     24th July 2007 Chemicals and explosives firm AECI's headline earnings a share fell by 131c a share in the first six months of the year to 247c a share, when compared with the same period last year when the disposal of Cape Town property boosted earnings by some 200c a share, it said on Tuesday.  

Construction, infrastructure-linked firms in BEE group�s

By: Olivia Soraya Spadavecchia     20th July 2007 Empowerment equity investor Safika Investments has acquired a 26% stake in chemicals distributor Chemimpo South Africa. 

Chemicals sector workers threaten strike next week

18th July 2007 Workers in the chemicals industry may down tools next week, after final talks between employers and unions deadlocked on Wednesday, trade union Solidarity said in an emailed statement. 

AECI sells coatings unit Dulux for R745m

By: Matthew Hill     17th July 2007 Speciality chemicals group AECI has agreed to sell its paint business, Dulux, to British Imperial Chemical Industries, which already owns the coatings brand outside Southern Africa and Australia, for R745-million in cash, the JSE-listed firm said on Tuesday.  

Unions may accept revised 8% wage offer, avert petrochemicals sector strike

By: Mariaan Webb     17th July 2007 Petroleum companies in the chemicals industry had provisionally raised its wage offer to 8%, from an initial offer of 7%, trade union Solidarity said on Tuesday.  

Chemicals and petroleum workers in last-ditch wage talks with employers

By: Mariaan Webb     16th July 2007 Trade union Solidarity said it would consider "any improved" offer from employers in the chemicals sector, but reiterated that its members would down tools if a settlement could not be reached at Monday's meeting. 

Fuel pipelines regulations released for comment

By: Creamer Media Reporter      6th July 2007 South Africa’s Department of Minerals and Energy (DME) said on Friday that government had in June gazetted the draft petroleum pipelines regulations for public comment.  

AECI H1 headline earnings to fall 30%

By: Mariaan Webb     29th June 2007 South African chemicals and explosives firm AECI expects its interim headline earnings and attributable earnings to fall by 30% and 38% respectively.  

SA chemicals, petrochemicals firms face strike

By: Nelendhre Moodley     28th June 2007 Strike action in the chemicals and petroleum sector seems imminent after employers and workers failed to reach a wage agreement this week, trade union Solidarity said on Thursday. 

Sasol closes US, Italian plants in O&S unit restructuring

By: Mariaan Webb     28th June 2007 South African petrochemicals firm Sasol has started the restructuring of its Olefins & Surfactants (O&S) business by closing its head office in Germany and consolidating its linear alkyl benzene (Lab) production plants, the company said on Thursday. It would shut its Lab plants, which... 

Chemicals cracker plant needed to stimulate local sector

By: Nelendhre Moodley     27th June 2007 For South Africa to propel growth in the chemicals sector and establish a balance between chemicals imports and exports, the construction of a cracker plant in the country would be a key step, a Sasol�s research and development manager for chemical technologies Desmond Young said on Wednesday. 

Sasol '07 headline earnings could rise 10%

By: Mariaan Webb     25th June 2007 Petrochemicals company Sasol expects its headline earnings a share to increase by between 5% and 10%, and attributable earnings a share to jump by between 55% and 65% for the 2007 financial year. 

Surging agriculture, mining demand bolsters Omnia outlook

By: Matthew Hill     20th June 2007 South Africa's biggest fertiliser manufacturer Omnia said on Wednesday that it expected demand for the fertiliser, mining explosives and chemicals that it supplied to grow exponentially, as the world's grain stocks were the lowest in decades, and companies scrambled for minerals in the... 

Safika buys 26% stake in chemicals firm

20th June 2007 Empowered private-equity investor Safika Investments has bought a 26% stake in chemicals distributor Chemimpo SA, the company said on Wednesday. 

Omnia headline EPS up 58%

By: Liezel Hill     20th June 2007 Specialised chemicals group Omnia on Wednesday reported headline earnings a share of 558,2c for the 12 months ended March 31, an increase of 58% on the previous year’s results.  

Omnia to sell 10% stake to staff for R278m

By: Matthew Hill     18th June 2007 Specialist chemical services firm Omnia on Monday unveiled a R278-million black economic-empowerment (BEE) transaction, which would result in its employees owning 10% of the JSE-listed company's South African assets. 

10 SA CDM projects approved - DME

By: Nelendhre Moodley     15th June 2007 Ten CDM projects from entities in South Africa have been approved by the global CDM body, a government official announced on Friday. 

Union threatens chemicals sector strike after wage talks deadlock

14th June 2007 Trade union Solidarity warned on Thursday that South Africa’s fuel and gas production could be severely affected, unless significant progress was made in the chemicals industry wage talks, which resume next week.  

New York hosts coal-to-liquids summit

By: Matthew Hill     1st June 2007 New York will next week be hosting a coal-to-liquids (CTL) conference, kicking off on Monday, to be attended by industry heavyweights including governors of the US coal producing states, as lobbyists attempted to gather momentum for CTL investment in the world's biggest oil-consuming country. 

GE to build desalination plant at Coega IDZ

By: Nelendhre Moodley     29th May 2007 GE Water & Process Technologies, a unit of General Electric (GE) will design and construct a reverse osmosis seawater desalination plant, which will produce 80 000 m3/day of fresh water, as part of a R5-billion chlorine manufacturing and water desalination plant at the Coega Industrial... 

Omnia expects earnings to rise 55% - 65% y-on-y

28th May 2007 Specialist chemicals group Omnia expects headline earnings a share and basic earnings a share for the year ended March 31, 2007, to be between 55% and 65% higher than in the previous corresponding period, the company said on Monday. 

Metmar lifts headline EPS by 38,6%

By: Nelendhre Moodley     22nd May 2007 Industrial metals, plastics and chemicals group Metmar on Monday announced that it had lifted revenue by 30,6%, from R1,25-billion to R1,63-billion, and operating profit by 37,3% from R59-million to R81-million for the year ended February 28, 2007. 

New AltX entrant in talks on acquisiitons

By: Nelendhre Moodley     18th May 2007 Manufacturing and technology holdings company Rolfes Technology Holdings (Rolfes), which plans to list on the JSE's Alternative Exchange on May 23, hopes to conclude an acquisition before the end of its next financial year, or end-June 2008, CE Erhard van der Merwe told Engineering News... 

Chemicals wage talks break down - union

By: Nelendhre Moodley     16th May 2007 Wage negotiations between employers and trade unions in the chemicals industry broke down after the first round, with trade union Solidarity, acting on behalf of members in the glass, industrial chemicals and petroleum sectors, rejected the offer by all the employers in the sectors. 

Barloworld mulls possible listing of unbundled coatings unit

By: Terence Creamer     14th May 2007 A Barloworld board subcommittee established to oversee the unbundling of the group's R2,9-billion coatings division would consider all permutations, including a possible listing on the JSE or an outright sale, CEO Clive Thompson confirmed with Engineering News. 

Omnia gets approval for CDM project

By: Liezel Hill     10th May 2007 South African chemical services provider Omnia has received validation and certification for its Clean Development Mechanism (CDM) project, from which it could earn some R60-million a year, for five years, starting in 2008, the company said on Thursday. 

India's Ranbaxy buys SA pharmaceutical firm for R500m

By: Nelendhre Moodley     7th May 2007 India's largest pharmaceutical company, Ranbaxy Laboratories, on Monday announced that the South Africa Competition Commission had approved its acquisition of Be-Tabs Pharmaceuticals (Be-Tabs) for R500-million, making Ranbaxy the fifth largest generic pharmaceutical company in South Africa. 

Thuthuka buys chemicals firm

4th May 2007 Engineering firm Thuthuka Group Limited (TGL) has acquired chemical dosing equipment specialist Klomac, the company said on Friday.  

Lanxess finds additional 80Mt of ore at SA chrome mine

By: Nelendhre Moodley     30th April 2007 German chemicals company Lanxess on Sunday announced that it had found 80-million tons of extra ore reserves at its chrome ore mine in Rustenburg, South Africa. 

Straits Chemicals to invest R5,8bn in Coega chlorine, desalination plant

By: Liezel Hill     23rd April 2007 Straits Chemicals on Monday inked a deal which will see it spending R5,8-billion on a chlorine manufacturing and water desalination plant at the Coega Industrial Development Zone, near Port Elizabeth. 

Comp Commission to amend referral on fertiliser case

By: Nelendhre Moodley     19th April 2007 The Competition Tribunal on Thursday granted the Competition Commission leave to amend its complaint referral after Sasol Chemical Industries, Kynoch Fertilizer and Omnia Fertilizer objected to the initial referral on the grounds that it was "vague and embarrassing". 

Sasol to build new SA chemicals plant

By: Nelendhre Moodley     11th April 2007 Petrochemicals giant Sasol on Wednesday announced that it would start construction of a second Methyl Isobutyl Ketone (MIBK) production plant at Sasolburg, which would double MIBK capacity to around 60 000 t. 

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