Europe top stories - weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 19 October 2012.

Europe PE, PP players exercise extreme caution
Polyethylene (PE) and polypropylene (PP) buyers and sellers in Europe are approaching October business with extreme caution as naphtha prices remain high but weak demand puts some sellers under pressure on certain grades, sources said on Friday.

Dutch AkzoNobel swings to Q3 net loss of €2.38bn

AkzoNobel said on Thursday it swung to a net loss of €2.38bn ($3.09bn) in the third quarter from a €149m net profit reported in the same period last year, weighed by a €2.5bn impairment charge on the firm’s decorative paints business.

EU construction output rises 0.2% in August from July
EU construction production in August increased by 0.2% compared with July, representing the first month-on-month increase in output since May this year, statistics office Eurostat said on Wednesday.

EU new passenger car registrations fall for 12th consecutive month
New registrations for passenger cars in the 27-member EU fell for the 12th consecutive month in September, an industry body said on Tuesday.

BASF deal to see Poland's Ciech end involvement in TDI
Ciech's sale of sections of its Zachem toluene di-isocyanate (TDI) business to German chemicals giant BASF spells the end of the Polish producer's involvement in TDI, due to a non-competition obligation embedded in the deal, Ciech said on Monday.

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By: Staff Reporter
+44 20 8652 3214

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