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News Restructuring

  • Diamond friction

    Diamond coatings help reduce friction and wear on tools, bearings, and seals. Lubricating diamond with water considerably lowers friction. The reasons for this are not yet fully understood. The Fraunhofer Institute for Material Mechanics IWM in Freiburg and the Physics Institute at the University of more

  • BASF increases earnings considerably in the second quarter due to higher volumes

    BASF’s business developed positively in the second quarter of 2014. At €18.5 billion, sales rose by 1% compared with the same period of the previous year. “This was largely the result of higher sales volumes in our chemicals business, which comprises the Chemicals, Performance Products and Functiona more

  • Phasing of restructuring charges between Q3 and Q4 2013

    At the announcement of the Q2 results in July, AkzoNobel indicated that it had identified further efficiency and cost saving measures that would require €120 million of restructuring charges in the second half of 2013. In addition to the previously announced Performance Improvement Program costs thi more

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  • Romania Petrochemicals Report Q4 2012

    BMI’s Romania petrochemicals report examines the impact of the planned privatisation of local producer Oltchim on the domestic industry. We also look at how – if successful – such a move would allow Romania to overcome the feedstock issues that have crippled production over the past two years. Outpu more

  • Azerbaijan Petrochemicals Report Q3 2012

    In 2011, petrochemicals and downstream industries reported stellar growth as the industry enjoyed an influx of fresh investment and strong demand. The chemicals industry was one of the strongest non-oil industrial segments for the year, with 36% growth, while rubber and plastic output rose 25%. Th more

  • Spain Petrochemicals Report Q1 2012

    Aggressive fiscal austerity, rising interest rates, stubbornly high unemployment and ongoing deleveraging within the private sector will keep petrochemicals output and consumption well below potential over the medium term, according to BMI’s latest Spain Petrochemicals Report. With the domestic ma more

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