Americas top stories - weekly summary

06 August 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 3 August 2012.

(Please click on the link to read the full text.)

US chemicals, plastics sectors add jobs in July for 2nd month running
The US chemicals and plastics industries added workers in July, the Department of Labor (DOL) said on Friday, marking the second month of employment gains for both sectors.

US ethylene contracts for July rising nearly 8% to 42 cts/lb
US ethylene contracts for July were settling at a 3 cent/lb ($66/tonne, €54/tonne) increase on Thursday, in a nearly market-wide agreement that puts the monthly contract at 42 cents/lb.

Styrolution declares FM on styrene business for August
Styrolution said on Wednesday that it has declared force majeure on its North American styrene business for August, following a recent shutdown of its 455,000 tonne/year Sarnia styrene plant in Canada.

US Huntsman’s Polyurethanes business helps Q2 net profit rise 9%
Huntsman’s second-quarter net profit grew by 9% year on year to $124m (€100m), helped by strong growth from the group’s Polyurethanes business, the US-based chemicals major said on Wednesday.

Top US official says chemical site security plan has problems
A top-ranking federal security official on Tuesday conceded that the five-year-old government programme to ensure chemical facilities are protected against terrorist attacks is having problems, but he said that progress is being made.

US petchem engineering firm CB&I to acquire Shaw Group for $2bn
US petrochemical engineering firm CB&I will acquire the Shaw Group in a deal valued at around $2.0bn (€1.62bn), it said on Monday.

By: Staff Reporter
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