- Email: [email protected]
y aliphatic amine polyethenoxy ether unit
F O C US For 3Q ending Mar 2003, P&G is raising earnings guidance behind solid volume growth and favourable exchange rates. Volume for 3Q 20022003 is expected to grow in the 6-8% range, with broad scale improvement across global business units and geographies. The solid volume growth is on top of a strong base period when volume grew by 10%, and includes the current year negative impact of the Jif and Crisco spin-off, which was completed at the end of May 2002. Total sales growth is projected in the high single-digits, reflecting the solid volume growth and favourable exchange rates during 3Q 2002-2003. La Tribune, 14 Mar 2003, (24.465-2617), 27 (in French) & Procter & Gamble 3Q 2002-2003 guidance, 17 Mar 2003, (The Procter & Gamble Co, 1 or 2, Procter & Gamble Plaza, Cincinnati, OH 45201, USA, Tel: +1 513 983 1100, Website: http://www.pg.com)
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P&G’s turnover. In 2003 P&G expects its overall turnover to grow by 6% compared to 2002. Acquisitions should account for 1%. P&G sees a turnover of $40 bn/y.
concentrates with minimal surfactant and tightly controlled particle size.
Hospodarske Noviny, 19 Mar 2003, 47 (55), 15, 16 (in Czech)
Lion to boost overseas procurement of raw materials
3000 tonnes/y aliphatic amine polyethenoxy ether unit In 4Q 2002, Jiangsu Feixing Chemical Co Ltd’s 3000 tonnes/y aliphatic amine polyethenoxy ether unit came onstream. The company is a major surfactant producer in China and has a 6000 tonnes/y aliphatic amine unit.
Procter & Gamble takes over Wella Washing powders and cleaning chemicals company Procter & Gamble (P&G) (USA) is taking over the German hair-care products firm Wella. P&G has agreed to acquire a 77.6% stake in Wella for €5.4 bn and will take over Wella’s obligations worth another €1.1 bn. The acquisition has to be approved by the US and European anti-monopoly offices. Henkel of Germany was also interested in Wella; at the beginning of Mar 2003 it reported that it had acquired a 7% stake in Wella. Unilever and L’Oreal are also said to have been interested in the purchase of the hair-care company. Wella is the world’s second largest hair care products company after L’Oreal (France). It has 6,000 employees and in 2002 saw a turnover of more than €1.6 bn. This corresponds to a 20% share on the world market, which sees a total turnover of €7-8 bn and is growing by 1.5-2.5%/y. P&G expects the acquisition to boost its position in the cosmetics and health care sectors, particularly in the European market. Both guarantee a big growth potential and currently generate one third of MAY 2003
For the year ended Dec 2002, Lion Corp’s overseas procurement of raw materials was just 10% of the total. In an effort to reduce costs, the firm aims to increase this to 15% by 2006, and to 20% by 2008. By 2006 this should reduce Lion’s manufacturing and procurement costs by about Yen 5.5 bn. Nikkei Net, 22 Mar 2003, (Website: http://www.nni.nikkei.co.jp/)
China Chemical Reporter, 6 Mar 2003, 14 (7), 12
Goldschmidt Chemical selects Brenntag as US distributor Sasol commissions alcohol plant
COMPANY NEWS
European Chemical News, 10 Mar 2003, 78 (2043), 32
Sasol has commissioned a technologically advanced R1 bn new alcohol plant at Secunda, near Johannesburg in South Africa. The company is seeking to capture a larger share of the international chemicals market and says this world-scale plant enables it to have the most extensive portfolio of alcohols in the world. This plant, which is now fully operational, will add an annual capacity of 120,000 tons of C12 to C15 alcohol using feedstreams available from the company’s oil-from-coal processes. The alcohol plant is operated by Sasol Olefins and Surfactants (O&S). The alcohols are used as building blocks for surfactants, industrial chemicals and performance chemicals and will be marketed under the name SAFOL. Press release from: Sasol, PO Box 5486, Johannesburg, 2000, South Africa. Tel: +27 11 441 3337. Fax: +27 11 441 3236. Website: http://www.sasol.com (3 Feb 2003)
Brenntag Inc of Reading, PA, has been selected by Goldschmidt Chemical Corp of Hopewell, VA, as the sole US distributor for its textile care business line. The product line includes detergents and care products. Chemical Market Reporter, 24 Feb 2003 (Website: http://www.chemicalmarketreporter.com
Iberchem buys factory in Guangzhou The Bush Boake Allen production facility located in Guangzhou, China, has been purchased by the Iberchem group for over $5.3 M. The 3900 sq ft production site has offices, R&D laboratories, as well as manufacturing and warehouse sites. Iberchem China will be producing toiletries, perfumes, cosmetics, detergents and soaps for the Chinese market. HAPPI, Household & Personal Products Industry, Mar 2003, 40 (3), 30
ICA stopped production owing to war in Iraq Dow creates dispersions unit Dow Dispersion Sciences (DDS) is a new business unit created by Dow Chemical. The business will produce raw material concentrates, custom preblends and special product formulations for sun care and skin care product manufacturers. DDS is offering a mechanical dispersion technology to produce emulsion
ICA (Jordan) had to stop production at its household chemicals plant in Mar 2003 entirely owing to the war in Iraq. About 150 of the plant’s employees became jobless. The plant had supplied 28,000 tonnes/y of washing powders and 5,500 tonnes/y of soaps to Iraq. Hospodarske Noviny, 25 Mar 2003, 47 (59), 16 (in Czech)
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O N
S U R FAC TA N T S
P&G’s turnover. In 2003 P&G expects its overall turnover to grow by 6% compared to 2002. Acquisitions should account for 1%. P&G sees a turnover of $40 bn/y.
concentrates with minimal surfactant and tightly controlled particle size.
Hospodarske Noviny, 19 Mar 2003, 47 (55), 15, 16 (in Czech)
Lion to boost overseas procurement of raw materials
3000 tonnes/y aliphatic amine polyethenoxy ether unit In 4Q 2002, Jiangsu Feixing Chemical Co Ltd’s 3000 tonnes/y aliphatic amine polyethenoxy ether unit came onstream. The company is a major surfactant producer in China and has a 6000 tonnes/y aliphatic amine unit.
Procter & Gamble takes over Wella Washing powders and cleaning chemicals company Procter & Gamble (P&G) (USA) is taking over the German hair-care products firm Wella. P&G has agreed to acquire a 77.6% stake in Wella for €5.4 bn and will take over Wella’s obligations worth another €1.1 bn. The acquisition has to be approved by the US and European anti-monopoly offices. Henkel of Germany was also interested in Wella; at the beginning of Mar 2003 it reported that it had acquired a 7% stake in Wella. Unilever and L’Oreal are also said to have been interested in the purchase of the hair-care company. Wella is the world’s second largest hair care products company after L’Oreal (France). It has 6,000 employees and in 2002 saw a turnover of more than €1.6 bn. This corresponds to a 20% share on the world market, which sees a total turnover of €7-8 bn and is growing by 1.5-2.5%/y. P&G expects the acquisition to boost its position in the cosmetics and health care sectors, particularly in the European market. Both guarantee a big growth potential and currently generate one third of MAY 2003
For the year ended Dec 2002, Lion Corp’s overseas procurement of raw materials was just 10% of the total. In an effort to reduce costs, the firm aims to increase this to 15% by 2006, and to 20% by 2008. By 2006 this should reduce Lion’s manufacturing and procurement costs by about Yen 5.5 bn. Nikkei Net, 22 Mar 2003, (Website: http://www.nni.nikkei.co.jp/)
China Chemical Reporter, 6 Mar 2003, 14 (7), 12
Goldschmidt Chemical selects Brenntag as US distributor Sasol commissions alcohol plant
COMPANY NEWS
European Chemical News, 10 Mar 2003, 78 (2043), 32
Sasol has commissioned a technologically advanced R1 bn new alcohol plant at Secunda, near Johannesburg in South Africa. The company is seeking to capture a larger share of the international chemicals market and says this world-scale plant enables it to have the most extensive portfolio of alcohols in the world. This plant, which is now fully operational, will add an annual capacity of 120,000 tons of C12 to C15 alcohol using feedstreams available from the company’s oil-from-coal processes. The alcohol plant is operated by Sasol Olefins and Surfactants (O&S). The alcohols are used as building blocks for surfactants, industrial chemicals and performance chemicals and will be marketed under the name SAFOL. Press release from: Sasol, PO Box 5486, Johannesburg, 2000, South Africa. Tel: +27 11 441 3337. Fax: +27 11 441 3236. Website: http://www.sasol.com (3 Feb 2003)
Brenntag Inc of Reading, PA, has been selected by Goldschmidt Chemical Corp of Hopewell, VA, as the sole US distributor for its textile care business line. The product line includes detergents and care products. Chemical Market Reporter, 24 Feb 2003 (Website: http://www.chemicalmarketreporter.com
Iberchem buys factory in Guangzhou The Bush Boake Allen production facility located in Guangzhou, China, has been purchased by the Iberchem group for over $5.3 M. The 3900 sq ft production site has offices, R&D laboratories, as well as manufacturing and warehouse sites. Iberchem China will be producing toiletries, perfumes, cosmetics, detergents and soaps for the Chinese market. HAPPI, Household & Personal Products Industry, Mar 2003, 40 (3), 30
ICA stopped production owing to war in Iraq Dow creates dispersions unit Dow Dispersion Sciences (DDS) is a new business unit created by Dow Chemical. The business will produce raw material concentrates, custom preblends and special product formulations for sun care and skin care product manufacturers. DDS is offering a mechanical dispersion technology to produce emulsion
ICA (Jordan) had to stop production at its household chemicals plant in Mar 2003 entirely owing to the war in Iraq. About 150 of the plant’s employees became jobless. The plant had supplied 28,000 tonnes/y of washing powders and 5,500 tonnes/y of soaps to Iraq. Hospodarske Noviny, 25 Mar 2003, 47 (59), 16 (in Czech)
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