Dow Corning reported increased sales and a solid income in first quarter 2011, with an adjusted net income of $175 million and quarterly sales of $1.58 billion. The company said its Q1 profits were softened by sharply rising materials and energy costs. Dow Corning also reported continuing growth for silicones in emerging economies throughout Asia, Latin America and Eastern Europe.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
BASF sells a majority stake in its coatings business to the investor Carlyle.
