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Chemicals & Pharmaceuticals News

SA chemicals, petrochemicals firms face strike

By: Nelendhre Moodley     28th June 2007 Strike action in the chemicals and petroleum sector seems imminent after employers and workers failed to reach a wage agreement this week, trade union Solidarity said on Thursday. 

Sasol closes US, Italian plants in O&S unit restructuring

By: Mariaan Webb     28th June 2007 South African petrochemicals firm Sasol has started the restructuring of its Olefins & Surfactants (O&S) business by closing its head office in Germany and consolidating its linear alkyl benzene (Lab) production plants, the company said on Thursday. It would shut its Lab plants, which... 

Chemicals cracker plant needed to stimulate local sector

By: Nelendhre Moodley     27th June 2007 For South Africa to propel growth in the chemicals sector and establish a balance between chemicals imports and exports, the construction of a cracker plant in the country would be a key step, a Sasol�s research and development manager for chemical technologies Desmond Young said on Wednesday. 

Sasol '07 headline earnings could rise 10%

By: Mariaan Webb     25th June 2007 Petrochemicals company Sasol expects its headline earnings a share to increase by between 5% and 10%, and attributable earnings a share to jump by between 55% and 65% for the 2007 financial year. 

Surging agriculture, mining demand bolsters Omnia outlook

By: Matthew Hill     20th June 2007 South Africa's biggest fertiliser manufacturer Omnia said on Wednesday that it expected demand for the fertiliser, mining explosives and chemicals that it supplied to grow exponentially, as the world's grain stocks were the lowest in decades, and companies scrambled for minerals in the... 

Safika buys 26% stake in chemicals firm

20th June 2007 Empowered private-equity investor Safika Investments has bought a 26% stake in chemicals distributor Chemimpo SA, the company said on Wednesday. 

Omnia headline EPS up 58%

By: Liezel Hill     20th June 2007 Specialised chemicals group Omnia on Wednesday reported headline earnings a share of 558,2c for the 12 months ended March 31, an increase of 58% on the previous year’s results.  

Omnia to sell 10% stake to staff for R278m

By: Matthew Hill     18th June 2007 Specialist chemical services firm Omnia on Monday unveiled a R278-million black economic-empowerment (BEE) transaction, which would result in its employees owning 10% of the JSE-listed company's South African assets. 

10 SA CDM projects approved - DME

By: Nelendhre Moodley     15th June 2007 Ten CDM projects from entities in South Africa have been approved by the global CDM body, a government official announced on Friday. 

Union threatens chemicals sector strike after wage talks deadlock

14th June 2007 Trade union Solidarity warned on Thursday that South Africa’s fuel and gas production could be severely affected, unless significant progress was made in the chemicals industry wage talks, which resume next week.  

New York hosts coal-to-liquids summit

By: Matthew Hill     1st June 2007 New York will next week be hosting a coal-to-liquids (CTL) conference, kicking off on Monday, to be attended by industry heavyweights including governors of the US coal producing states, as lobbyists attempted to gather momentum for CTL investment in the world's biggest oil-consuming country. 

GE to build desalination plant at Coega IDZ

By: Nelendhre Moodley     29th May 2007 GE Water & Process Technologies, a unit of General Electric (GE) will design and construct a reverse osmosis seawater desalination plant, which will produce 80 000 m3/day of fresh water, as part of a R5-billion chlorine manufacturing and water desalination plant at the Coega Industrial... 

Omnia expects earnings to rise 55% - 65% y-on-y

28th May 2007 Specialist chemicals group Omnia expects headline earnings a share and basic earnings a share for the year ended March 31, 2007, to be between 55% and 65% higher than in the previous corresponding period, the company said on Monday. 

Metmar lifts headline EPS by 38,6%

By: Nelendhre Moodley     22nd May 2007 Industrial metals, plastics and chemicals group Metmar on Monday announced that it had lifted revenue by 30,6%, from R1,25-billion to R1,63-billion, and operating profit by 37,3% from R59-million to R81-million for the year ended February 28, 2007. 

New AltX entrant in talks on acquisiitons

By: Nelendhre Moodley     18th May 2007 Manufacturing and technology holdings company Rolfes Technology Holdings (Rolfes), which plans to list on the JSE's Alternative Exchange on May 23, hopes to conclude an acquisition before the end of its next financial year, or end-June 2008, CE Erhard van der Merwe told Engineering News... 

Chemicals wage talks break down - union

By: Nelendhre Moodley     16th May 2007 Wage negotiations between employers and trade unions in the chemicals industry broke down after the first round, with trade union Solidarity, acting on behalf of members in the glass, industrial chemicals and petroleum sectors, rejected the offer by all the employers in the sectors. 

Barloworld mulls possible listing of unbundled coatings unit

By: Terence Creamer     14th May 2007 A Barloworld board subcommittee established to oversee the unbundling of the group's R2,9-billion coatings division would consider all permutations, including a possible listing on the JSE or an outright sale, CEO Clive Thompson confirmed with Engineering News. 

Omnia gets approval for CDM project

By: Liezel Hill     10th May 2007 South African chemical services provider Omnia has received validation and certification for its Clean Development Mechanism (CDM) project, from which it could earn some R60-million a year, for five years, starting in 2008, the company said on Thursday. 

India's Ranbaxy buys SA pharmaceutical firm for R500m

By: Nelendhre Moodley     7th May 2007 India's largest pharmaceutical company, Ranbaxy Laboratories, on Monday announced that the South Africa Competition Commission had approved its acquisition of Be-Tabs Pharmaceuticals (Be-Tabs) for R500-million, making Ranbaxy the fifth largest generic pharmaceutical company in South Africa. 

Thuthuka buys chemicals firm

4th May 2007 Engineering firm Thuthuka Group Limited (TGL) has acquired chemical dosing equipment specialist Klomac, the company said on Friday.  

Lanxess finds additional 80Mt of ore at SA chrome mine

By: Nelendhre Moodley     30th April 2007 German chemicals company Lanxess on Sunday announced that it had found 80-million tons of extra ore reserves at its chrome ore mine in Rustenburg, South Africa. 

Straits Chemicals to invest R5,8bn in Coega chlorine, desalination plant

By: Liezel Hill     23rd April 2007 Straits Chemicals on Monday inked a deal which will see it spending R5,8-billion on a chlorine manufacturing and water desalination plant at the Coega Industrial Development Zone, near Port Elizabeth. 

Comp Commission to amend referral on fertiliser case

By: Nelendhre Moodley     19th April 2007 The Competition Tribunal on Thursday granted the Competition Commission leave to amend its complaint referral after Sasol Chemical Industries, Kynoch Fertilizer and Omnia Fertilizer objected to the initial referral on the grounds that it was "vague and embarrassing". 

Sasol to build new SA chemicals plant

By: Nelendhre Moodley     11th April 2007 Petrochemicals giant Sasol on Wednesday announced that it would start construction of a second Methyl Isobutyl Ketone (MIBK) production plant at Sasolburg, which would double MIBK capacity to around 60 000 t. 

SA to target investment in polypropylene beneficiation

By: Nelendhre Moodley     4th April 2007 The Industrial Development Corporation (IDC) on behalf of the Fund for Research into Industrial Development, Growth and Equity (Fridge) expects to appoint consultants to develop an approach to attract investment in polypropylene beneficiation by the end of May. 

Sasol plans 'substantial' BEE equity transaction this year

By: Mariaan Webb     16th March 2007 South African petrochemicals giant Sasol may announce a “substantial” equity deal later this year, as the company’s empowerment initiatives gather pace, CE Pat Davies says. 

WATCHING BRIEF

By: Mariaan Webb     16th March 2007 South African petrochemicals firm Sasol, which is building a major polymer plant in Iran, says it is carefully monitoring the country’s political situation and that it does not see such tensions impacting on its facilities in that country. 

First shipment this month

By: Mariaan Webb     16th March 2007 The 34 000-bbl/d Oryx gas-to-liquid (GTL) plant that South African petrochemicals giant Sasol commissioned in Qatar early this year is expected to start contributing to the firm’s earnings in the 2007 financial year. 

Plant-hire firm plays its part in refinery shutdown

24th March 2006 Rand-Air, a South African plant-hire company in the Atlas Copco Group, supplied compressed air and on-site generators during the shutdown of Engen’s Durban plant in October 2005, as the refinery made the conversion to the clean fuels project. 

Local company appointed exclusive distributor for British firm

24th March 2006 Johannesburg company Filteg Solutions has been appointed as the exclusive distributor for KnitMesh products into the industrial environment, including the chemical and petrochemical industries. 

Prospects for the chemicals industry are bright

By: Amy Heydenrych     24th March 2006 The South African Chemical and Allied Industries Association (CAIA) notes that the prospects for the chemicals industry are bright, although the sector is not without its challenges. Director of information resources Dr Mike Booth reports that the industry is performing well and is contributing... 

Industry commits to improve chemicals management

24th March 2006 In Dubai in February this year, the International Council of Chemical Associations (ICCA) announced the launch of two new initiatives – the Responsible Care Global Charter and the Global Product Strategy – aimed at further elevating the global chemical industry’s commitment to... 

Firm wins multimillion rand facilities management contract

24th March 2006 South Africa’s leading asset-maintenance company, Pragma, has landed a five-year contract with petrochemical giant Shell SA marketing for the maintenance and management of its retail facilities and assets. 

New opaque polymer technology launched

24th March 2006 The Rohm & Haas range of specialty chemicals includes Ropaque Ultra-E opaque polymers that offer excellent opacity contribution, owing to inherent light-scattering technology. ? 

New products add to company’s repertoire

24th March 2006 South African company Bearing Man has introduced to new products to its distribution repertoire to serve the chemical industry. 

New enviro-friendly solvent product for industrial cleaning market

By: Amy Heydenrych     24th March 2006 Early this year, an innovative environment-safe solvent product was launched to the industrial cleaning market. 

Sulphur specialist thinks zinc

By: Amy Heydenrych     24th March 2006 Local sulphur specialist Chemical Initiatives has been awarded a five-year contract to supply sulphur to Skorpion Zinc, a company in the Anglo Base Metals stable. 

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