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Chemicals

AECI FY headline earnings jump 16%

By: Esmarie Iannucci     24th February 2009 JSE-listed chemicals and explosives group AECI reported a 16% increase in headline earnings a share t o R443-million, or 412c a share, the company reported on Tuesday. However, AECI stated that headline earnings for the year ended December 31, were adversely impacted by the costs associated with... 

Heating company receives petrochemicals plant refurbishment contract

By: Loni Prinsloo     13th February 2009 Supplier of industrial heating equipment Unitemp has been awarded a R6-million-plus, contract at a large local petrochemicals plant to refurbish a number of the plant's flange heater assemblies. 

Construction chemicals firm headline earnings up 37%

By: Creamer Media Reporter      10th February 2009 Altx-listed a.b.e Construction Chemicals has reported a 37% increase in headline earnings for the six months ended November, while turnover rose by 27%. “We are extremely pleased with our results, as even in the present economic climate, all divisions performed in line with, or above,... 

Sasol to report on outcome of capex review in March

By: Terence Creamer     29th January 2009 Energy group Sasol – which announced earlier this month that it was reviewing its R16-billion 2009 capital programme, as well as its R70-billion, three-year project pipeline in light of deteriorating market conditions – reported on Thursday that details of the review would be released together... 

Sasol to review R70bn capex pipeline as it warns of lower year earnings

By: Terence Creamer     21st January 2009 Energy and chemicals group Sasol announced on Wednesday that it was officially reviewing and reprioritising its planned R70-billion, three-year capital expenditure programme in the light of dramatically altered and weakening market conditions. The company, which is also South Africa’s largest... 

Rolfes says Triangle Solvents acquisition unconditional

By: Creamer Media Reporter      14th January 2009 All suspensive conditions for the acquisition of Triangle Solvents by chemicals producer, Rolfes Chemicals, have now been met, the JSE-listed company said on Wednesday. The company had announced in October that it would acquire the entire issued share capital of New Heights 390, trading as... 

KBR awarded Sasol contracts worth $2,7m  

By: Chanel de Bruyn     12th December 2008 US-based engineering firm KBR has been awarded two contracts, with a combined value of about $2,7-million, by petrochemicals giant Sasol for projects in Sasolburg. The firm had been awarded an engineering, procurement and project management (EPCM) contract for Sasol's high-sulphur diesel... 

Sasol’s share buyback to continue despite global financial woes - CEO

By: Esmarie Iannucci     28th November 2008 Petrochemicals producer Sasol was planning to go ahead with its share repurchase programme, despite current global financial difficulties, its CEO said on Friday. “Clearly the board will take into account the current circumstances. As we have indicated, our financials, balance sheet, and cash... 

Omnia interim profit up 285%

26th November 2008 JSE-listed specialist chemical services company Omnia’s profit for the six months ended September rose by 285% to R373-million, the company reported on Wednesday. Headline earnings increased by 99% from R319-million in the first half of 2007, to R372-million in the six-month period under... 

Organic waste could be viable energy source

14th November 2008 Organic waste generated in South Africa has the potential to generate an alternative energy source, through harvesting biogas from the fermentation of the organic fraction of municipal solid waste (OFMSW). This process could thus assist in providing heat and electricity. 

Accentuate's E Cape pilot power plant operational

By: Esmarie Iannucci     5th November 2008 AltX-listed flooring and chemicals group Accentuate’s chemical subsidiary Safic Environmental Solutions will scale down its product range to focus on more niche markets. Safic MD Eric Platt said on Wednesday it needed to find a niche for the company’s chemical products, in an already fully... 

Omnia expects 275% to 285% rise in interim earnings

By: Creamer Media Reporter      31st October 2008 Diversified specialist chemical services company Omnia expects headline earnings and basic earnings to increase by between 275% and 285% for the six months ended September 30, it said on Friday. This was compared with the results for the half-year ended September 2007. 

Sasol commits R250m over 10 years to boost science, technology skills 

By: Guy Copans     21st October 2008 Petrochemicals giant Sasol on Tuesday announced an annual financial injection of R25-million into South African academia to ensure the development of world-class science and engineering graduates, to help retain and attract talented academics to teach at universities and to grow the engineering... 

Omnia sees interim earnings up fourfold, shares surge

By: Mariaan Webb     21st October 2008 Diversified specialist chemical services company Omnia’s share price surged on Tuesday, after the company said that interim earnings could increase almost fourfold. Omnia stated that headline and basic earnings could increase by between 270% and 290% for the six months ended September 30, when... 

Sasol will have to deposit full €318m regardless of any wax-case appeal

By: Terence Creamer     2nd October 2008 JSE-listed energy group Sasol will have to deposit the full €318-million amount that it has been fined by the European Commission for its leadership role in a paraffin-wax cartel, dubbed the ‘paraffin mafia', within three months, regardless of whether it decides to appeal or not. Commission... 

Sasol makes the Dow Jones sustainability index cut

By: Esmarie Iannucci     25th September 2008 Synfuel producer Sasol has been listed on the Dow Jones Sustainability World Index (DJSI), which comprises the leading 10% of the largest 2 500 global companies, in terms of sustainability. Sasol CEO Pat Davies said that this was a great achievement for Sasol, and that it was the first time the... 

Sasol Polymers to introduce new technology at Sasolburg plant

By: Esmarie Iannucci     22nd September 2008 Chemical producer Sasol Polymers’ Monomers business unit would replace its current elevated flare at the momomer ethylene plant in Sasolburg with a new initiative called Totally Enclosed Ground Flare (TEGF) by April next year, it said on Monday. The TEGF would be the first in South Africa and... 

Buoyant conditions lift Accentuate's FY earnings

By: Chanel de Bruyn     18th September 2008 AltX-listed flooring and chemicals group Accentuate, previously known as Safic, on Thursday said that the sectors in which it operated remained buoyant, despite the tough local economic conditions and a slowdown in the domestic construction and other interest-rate sensitive sectors. The group,... 

Sasol to double production of hard waxes in South Africa

By: Creamer Media Reporter      5th September 2008 Petrochemicals company Sasol has approved R558-million to complete basic engineering for a two-phase project to double hard wax production at its Sasol Wax operation, in Sasolburg, the company announced on Friday. Sasol added that the money would also be used to order long-lead items for the... 

Specialist develops heat exchanger cleaning method

By: Loni Prinsloo     29th August 2008 Industrial cleaning systems specialist Proctor Industrial Cleaning Systems (Proctor Systems) has manufactured a new cleaning system used for cleaning heat exchanger tubes. 

Cleaning division nominated a top managed company

By: Loni Prinsloo     29th August 2008 Midway Two services group was nominated as one of South Africa's Top 300 national Companies in 2008, and its industrial cleaning division Democratic Industrial Services (Democratic) was nominated as one of the top five best-managed companies in the contract-cleaning service sector in South Africa. 

Cleaning specialist launches new range additions

By: Loni Prinsloo     29th August 2008 Cleaning specialist Wetrok Industro-Clean has launched two new additions to its product range over the past six months. 

New environment-friendly products enter SA market

By: Loni Prinsloo     29th August 2008 Industrial chemical cleaning specialist, Fine Organics Chemicals, will release a new batch of cleaning product technology from the US, into the South African market within the next three months. 

Engineering firm secures industrial cleaning procedures

29th August 2008 Diversified engineering company Becker Engineering's range of work apparel includes dependable personal protection equipment designed for enhanced safety during industrial cleaning procedures. 

Rolfes sees FY earnings rising by up to 45%

By: Matthew Hill     19th August 2008 Manufacturing and technology company Rolfes, chaired by former national director of the National Prosecuting Authority Bulelani Ngcuka, on Tuesday said it expected headline earnings and basic earnings a share to rise by between 35% and 45% for the year to June 30. The AltX-listed firm, which is... 

Advisers appointed for Foskor’s upcoming IPO

By: Matthew Hill     6th August 2008 The Industrial Development Corporation (IDC) has appointed Deutsche Bank and AloeCap to advise it on its upcoming initial public offering and black economic-empowerment aspects of the restructuring of Foskor. State-owned IDC, which was the majority stakeholder in Foskor, made the appointments in... 

Petroleum company adapts acoustic system to monitor storage tanks

1st August 2008 One of South Africa’s largest petroleum company refineries, based on the coast of Durban, has adopted the Tancpac programme to assist with its tank management system. 

AECI upbeat about remainder of 2008 

By: Chanel de Bruyn     29th July 2008 Chemicals and explosives firm AECI on Tuesday said it expected its 2008 full-year results to be much improved compared with the 2007 financial year, if trading conditions remained buoyant. Growth in the mining and manufacturing sectors, continued consumer buying, although weak, and agricultural... 

AECI upbeat about ’08 as interim profit rises 28%

By: Creamer Media Reporter      29th July 2008 Chemicals and explosives firm AECI on Monday said it expected its 2008 full-year results to be much improved compared with the 2007 financial year, if trading conditions remained buoyant. The company said that while oil prices, inflation and interest rates were expected to remain high for the... 

AECI names new CFO

By: Mariaan Webb     28th July 2008 Chemicals and explosives firm AECI has appointed Mark Kathan as executive director and CFO with effect from September 1, it said on Monday. Kathan, a chartered accountant, is succeeding Roger Williams, who resigned from the company, after announcing his intention to emigrate following the death... 

Sasol Wax expands hydro-treating capacity in Germany

By: Creamer Media Reporter      17th July 2008 Synthetic and petroleum-derived wax producer Sasol Wax, would expand its hydro-treating capacity for paraffin waxes at its plant in Hamburg, Germany, and the company also planned to double the production capacity of synthetic wax at its Sasolburg plant in South Africa by 2013. The project would... 

Chemicals sector workers to get 11,5% salary increase – union

By: Matthew Hill     15th July 2008 Workers union Solidarity secured an 11,5% increase for its members in the chemicals and glass sectors, which would be effective from July, it said on Wednesday. Spokesperson Marius Croucamp said this came after “tremendously pressured” negotiations, adding that the rise would provide much-needed... 

US chemicals firm Dow to buy Rohm & Haas

By: Creamer Media Reporter      10th July 2008 NYSE-listed chemicals company Dow would acquire all outstanding shares of NYSE-listed specialty chemicals producer Rohm & Haas for $18,8-billion, the company announced on Thursday. The company said the acquisition would combine the two organisations' technologies, broad geographic reach and... 

Strike in chemicals sector unavoidable – union

By: Chanel de Bruyn     3rd July 2008 Trade union members working in the industrial chemicals sector may go on strike next week, as trade union Solidarity on Thursday rejected a final wage increase of 11% with an additional 1% increase to be implemented in January next year. Solidarity said a strike in the industrial chemicals... 

SA mulls placing limits on scrap-metal exports 

By: Chanel de Bruyn     1st July 2008 South Africa was considering measures to limit the exportation of scrap metal to allow for sufficient supply to the domestic market, Trade and Industry Minister Mandisi Mpahlwa said on Tuesday. Speaking at a briefing of the Economic Cluster, held at the Union Building in Pretoria, Mpahlwa said... 

IDC's Foskor will head to JSE in 2009 

By: Matthew Hill     26th June 2008 State-owned financing company the Industrial Development Corporation (IDC) planned to list its majority owned phosphate and phosphuric acid producer Foskor on the JSE in 2009, after having transferred equity to employees and community groups. The IDC said on Thursday that its strategic partner... 

Cash to burn, synfuels in sight?

By: Matthew Hill     20th June 2008 As the Chinese economy roars ever onward, resource companies are well poised to increasingly benefit, firstly because of growing demand for their products, but the immense Asian country is also embarking on what will likely turn out to be the world's biggest ever shopping spree. An expert on... 

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