Europe top stories - weekly summary

08 October 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 5 October 2012.

BASF, CSM form joint venture for biobased succinic acid
BASF is forming a 50:50 joint venture with CSM of the Netherlands for the production and sale of bio-based succinic acid, the German producer said on Friday.

BASF to cut 400 jobs from construction chemicals business
BASF is to cut 400 jobs from its construction chemicals business and shift focus for the unit away from southern Europe and the UK, where construction demand remains weak, the Germany-based chemicals major said on Thursday.

Spain's Novapet starts 41-day PET shutdown as planned
Spain's Novapet has shut down the largest of its polyethylene terephthalate (PET) plants in Barbastro, Spain, for a planned 41-day shutdown, a company source said on Wednesday.

Poor Europe economy leads to concerns in PP market
Weak demand in Europe is affecting expectations for October polypropylene (PP) volumes and pricing, several sources said on Tuesday.

Europe October benzene contract fully confirmed at €998/tonne
The European benzene contract price for October has been fully confirmed at €998/tonne, down by €28/tonne from the previous month, two major buyers said on Monday.

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By: Staff Reporter
+44 20 8652 3214

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