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Chemicals
 
PAPER

Chemical cellulose demand ‘relatively’ strong, expansions on track – Sappi

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Paper and packaging group Sappi said on Wednesday that its chemical cellulose business, which accounts for most of its operating profit in Southern Africa, continued to perform strongly, helped by a weaker rand/dollar exchange rate. The business...
By: Natasha Odendaal
08 Feb 12
 
 
TRADING UPDATE

Sasol expects up to 90% increase in H1 earnings

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South African petrochemicals group Sasol on Thursday advised shareholders that it expected an increase of between 80% and 90% in 2012 first half headline earnings, when compared with the first half of the 2011 financial year. Sasol initially...
By: Henry Lazenby
02 Feb 12
 
 
COMPETITION ENFORCEMENT

Competition Commission prohibits chemicals merger

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The Competition Commission on Tuesday prohibited the proposed acquisition of chemicals company Cellulose Derivatives by Senmin International. The commission said the merger was essentially the same transaction it previously prohibited in February...
By: Henry Lazenby
24 Jan 12
 
 
AGRICULTURE & JOBS

Small farmers in big industry earn consistent income

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Smallholders, with less than 50 ha in Malaysia, are earning a steady income from the production of palm oil, which is linked to the large-scale, corporate industry manufacturing oils, cosmetics components, biofuels, natural fertilisers and soaps,...
By: Schalk Burger
20 Jan 12
 
 
CORPORATE ACTIVITY

AECI to buy BEE consortium’s 25.1% stake in AEL Mining

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Chemicals and explosives company AECI said on Thursday that it would buy the 25.1% stake in its explosives business, AEL Mining, which an empowerment consortium owns. The acquisition would result in the exchange of 4 678 667 new AECI shares to...
By: Brindaveni Naidoo
24 Nov 11
 
 
PEOPLE

PetroSA appoints new CEO

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Nosizwe Nokwe has been appointed as the new CEO of State-owned PetroSA, the company announced on Thursday. Nokwe, who will take up her new position on March 1, will be PetroSA’s first female CEO, bringing with her a significant amount of...
By: Henry Lazenby
24 Nov 11
 
 
TRADING UPDATE

Sasol cuts FY synfuels production outlook

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South African petrochemicals group Sasol has revised its 2012 production volume forecast at Sasol Synfuels to between 7-million tons and 7.2-million tons from an initial 7.3-million tons. This is on the back of three-weeks of industrial action in...
By: Brindaveni Naidoo
23 Nov 11
 
 
FINANCIAL RESULTS

Omnia posts higher earnings, R1.4bn nitric acid plant on track Video Available

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Rod Humphris CE Omnia JSE-listed chemicals producer Omnia on Tuesday reported a marginal increase in headline earnings for the six months to the end of September, boosted by higher demand from its agriculture and mining divisions on the back of stronger commodity...
By: Henry Lazenby
22 Nov 11
 
 
 
 
 
 
 
 
Chemicals Multimedia
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Omnia posts higher earnings, R1.4bn nitric acid... Video
Rolfes graduates to JSE main board Video
AECI eyes bigger move into Brazil, also keen on... Video
Sasol makes world's first fully synthetic... Video
AECI in mood to harvest recent investments... Video
South African chemicals industry takes steps to... Video
New project aims to improve black pipe resin Video
It will soon be illegal to sell hazardous drums... Video
Sasol commits R250m over 10 years to boost... Video
 
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