Archive | July, 2009

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Ukraine moves to sell Odessa Port chemical plant

According to forexpro.com, Ukraine’s president Viktor Yushchenko has agreed to the privatisation of one of the country’s largest companies.The government has been trying to sell the Odessa Port chemical plant for years and on Wednesday set a minimum price of 4 billion hryvnias ($525 million) for an auction on Sept. 29. It hopes to earn […]

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pharmaceuticals by Nuevo Anden.

Poles consume fake drugs filled with antifreeze

According to the World Health Organization, quoted by the Warsaw Business Journal, Poles spend as much as zł.100 million ($30m) on fake medicines every year.“The kinds of drugs that are most often copied are impotence medicines and anabolic supplements, diet pills, and psychoactive drugs.Despite the fact that many of the “fillers” in these drugs are […]

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Serbia’s HIP Petrochemja stutters back to life

Beleaguered HIP Petrohemija is to receive financial aid to restart output. The company ceased production in late June for a sheduled shutdown but then claimed it could no longer afford to purchase feedstocks.According to ICIS news, now it has has secured at least €10m in financial support from the Serbian government that will allow it […]

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Unipetrol gets rebrand

The company is to be totally subsumed into PKN Orlen and known as Orlen Ceska Republika. This is the end of an era!This train will need to be repainted!http://www.youtube.com/watch?v=eAdgz1F6gho

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Saudi’s target Turkey for agrobusiness ventures

A company from resource-scarce Saudi-Arabia is to invest arpund $3bn in agriculture in Turkey. With their fast-growing populations and inability to grow enough to feed them, Middle East countries are looking all over Africa, Asia and Russia for this kind of investment.The blog wonders what the impact will be on demand for chemical fertilisers and […]

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DSM moves to Tatarstan!

We don’t hear much about chemical-industry developments in the autonomous Russian Republic of Tatarstan.So I was surprised to read that Netherlands based DSM Nutritional Products has signed a letter of intent with Tanergo JSC and the Government of the Republic of Tatarstan for the construction of a micronutrient premix plant for animal nutrition and the […]

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Crisis hit Zaklady Chemiczne Police loses CEO

Poland’s beleagurered second-largest fertilizer producer, Zaklady Chemiczne Police (ZChP) has lost its CEO. According to Reuters Ryszard Siwiec, stepped down last Thursday citing personal reasons.“Siwiec is the second top official to resign after Police, hit by bad currency bets, high expenses and falling demand, reported losses of $151 million in the last two quarters. The […]

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PKN Orlen moves a step closer to feedstock independence

Good news for Poland’s PKN Orlen this week. All oil producers in the country are reliant on Russian crude; a vestige of the Soviet era.Now the country’s oil group, Grupa Lotos, has signed a letter of intend with the State Oil Company of Azerbaijan (SOCAR) to co-operate on oil production.A pipeline which currently runs from […]

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Hungary chemicals production falters

Huingary’s economy and chemicals industry continue to suffer:According to a new report by the Central Statistics Office, quoted in financial site www.portfolio.hu, “significant price cuts occurred in the manufacture of chemicals and chemical products (2.2%) mainly due to the fact that the price of fertilisers and nitrogen compounds were slashed by 17%.”“Domestic industrial producer prices […]

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Croatia to cooperate with Vietnam on chemicals?

Vietnam is keen to cooperate with Croatia in the chemicals sector. This is according to vovnews.com, a site devoted to Vietnamese news. It’s hard to imagine how exactly this might work?According to a story out today, the Vietnamese Embassy in Hungary has worked with the Croatian Chamber of Trade and Economy to hold a seminar […]

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