Europe top stories – weekly summary

26 March 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 23 March 2012.

Yara investigation finds unacceptable payments at Swiss JV
Yara International has uncovered unacceptable payments from a former joint venture in Switzerland through an investigation of possible corruption, the Norwegian fertilizer producer said on Friday.

Germany's LANXESS Q4 2011 net income down to €5m
LANXESS reported on Thursday a drop in net income for the fourth quarter of 2011, but expects strong growth in 2012 through strong demand and higher sales.

Shell lifts Moerdijk cracker products force majeure
Shell Chemicals has lifted the force majeure on cracker products from its Moerdijk facility in the Netherlands, as stable and normal production rates have been re-established, a company spokesman said on Wednesday.

Europe PP buyers paying huge hikes in March
Polypropylene (PP) buyers in Europe are paying more increases in March, up to €130/tonne ($171/tonne), and are being warned of further hikes in April with some producers pushing for higher rises than others, market sources said on Tuesday.

Styrolution to cut SM, PS offtake in Germany, expands copolymers
Styrolution will no longer take styrene monomer (SM) and polystyrene (PS) from its joint-venture plants in Marl, Germany, while it increases styrene copolymer capacities in Germany, India and South Korea, the company said on Monday.

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By: Staff Reporter
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