Industry Summits
Demand keeps oil wolf from chemicals firms' doors
FRANKFURT (Reuters) - High oil prices will not damage chemicals companies' earnings much this year, unless accompanied by a sharp slide in demand and a big rise in supply of petrochemical products, analysts say. Full Article
Incoming Clariant CEO sets sights on success
ZURICH (Reuters) - Clariant's incoming CEO Jan Secher loves to win, everywhere from a yacht race to the boardroom. His latest challenge will be to complete a turnaround at the specialty chemicals maker. Full Article
Chemicals firms relax views on credit ratings
LONDON (Reuters) - European chemicals companies have an increasingly relaxed view of their credit ratings, as corporate leaders focus on flexibility to pursue business opportunities in the sector. Full Article
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Executives see euro rising to $1.25-$1.30 in '06
FRANKFURT (Reuters) - Top European chemical sector executives see the euro rising to $1.25-$1.30 this year and are placing their bets accordingly. Full Article
US chemical valuations still enjoy edge
FRANKFURT (Reuters) - Shares of chemical makers in the United States will retain valuation premiums over European rivals despite high U.S. natural gas prices and improved profitability in Europe, analysts and private equity firms say. Full Article
Merck says Schering bid attractive, open for talks
FRANKFURT (Reuters) - German drugs and chemicals group Merck KGaA feels its takeover offer for rival Schering is attractive, and Merck is open for talks, the head of Merck's chemicals unit told the Reuters Chemicals Summit on Friday. Full Article
French firms say protectionism bad for business
FRANKFURT (Reuters) - Two of France's top industrial leaders took a swipe on Friday at the "economic patriotism" souring relations between European neighbors, saying it was bad for business and at odds with the realities of global competition. Full Article
Germany's Merck to combine pigments, LSA units
FRANKFURT (Reuters) - German drugs and chemicals group Merck KGaA will realign its Chemicals Business sector by merging its Pigments and Life Science & Analytics (LSA) divisions into one, the company said on Friday. Full Article
Linde wants speedy close of BOC deal
FRANKFURT (Reuters) - German industrial gases and forklifts group Linde wants a speedy close of its acquisition of UK gases rival BOC and is willing to sell more assets than anticipated to avoid antitrust problems. Full Article
BASF says has no plans to shed fine chemicals
FRANKFURT (Reuters) - German chemicals group BASF has no plans to sell its struggling fine chemicals unit, Chief Financial Officer Kurt Bock told the Reuters Chemicals Summit in Frankfurt. Full Article
More Chemicals News
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