CONCENTRATES
Transcript of CONCENTRATES
BUSINESS CONCENTRATES
Index, 1977 = 100a
136
134
132
130
128
126
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a Seasonally adjusted.
Chemical production U.S. chemical output edged up slightly again in September, helped by basic chemicals. According to the latest seasonally adjusted figures from the Federal Reserve Board, production of chemicals and products in September rose just 0.2% from downward revised August figures to an index of 134.7 (1977 = 100). After revisions, August output also was up 0.2% from the month before. On an annual basis, September production of chemicals and products was up 4.3% from a year earlier. Output of the subcategory of basic chemicals in September climbed 0.6% from August to an index of 98.1. That follows, however, a decline of 0.7% from July to August. Year-to-year, September output of basic chemicals was only 0.7% ahead of September 1985. Production of synthetic materials in September declined on a month-to-month basis for the first time since May, dropping 1.3% to give a September index of 164.4. In August, output was up 0.5% from the previous month. On a 12-month basis, September production of synthetic materials was up 5.2% from a year earlier. Since production of chemicals and products was essentially flat in September, the government's estimate of capacity utilization was flat, averaging 81.0% for the month, the same as in August, but up from 79.3% in September 1985. This gives a capacity utilization rate for the third quarter of 80.9%, up from 80.4% in the second quarter and 78.8% in third-quarter 1985.
Monsanto introduces modified carpet fiber Monsanto last week introduced a stain-resistant carpet fiber to compete with those already marketed by Du Pont and Allied-Signal. The Monsanto fiber is basically a nylon 66 that is, after extrusion, coated with a proprietary polymer, tradenamed StainBlocker, to impart the stain resistance. Called Wear-Dated Gold Label carpet fiber, it is available in both staple and filament forms. The new fiber is being supplied to a number of carpet makers and has a five-year warranty against both wear and stain.
Chlorine output climbs in September Production of liquid chlorine in September increased 3.1% over the same month last year, to a total of 715,543 tons, according to figures from the Chlorine Institute. Output of chlorine gas, which includes that liquefied, increased 1.4% to 843,741 tons. At those levels, the industry was operating at about
80.2% of nameplate capacity in September, up from 78.4% in August and 75.7% in September 1985. Effective capacity utilization, however, which excludes mothballed plants and temporary shutdowns, was 92.2% in September, up from 90.2% in August and 81.1% in September 1985. For the first nine months of this year, liquid chlorine production totaled about 6.76 million tons, an increase of 2.2% over the same period last year. Output of chlorine gas was essentially flat, at 7.89 million lb.
Kodak to withdraw from South Africa Add Eastman Kodak to the list of U.S. companies that are withdrawing from South African operations. But Kodak is going further than some of the other firms, saying that it not only will pull out of operations in that country, but will not sell products in South Africa. Although Kodak has no chemical manufacturing operations in South Africa, it does sell chemical products there. Under the plan, that will cease by April 30,1987.
Goodrich to sell hose, belt business B. F. Goodrich has reached a definitive agreement to sell its industrial hose and belt business to H. K. Porter Co. for an undisclosed amount of cash. The transaction is expected to be completed in December. Goodrich says the deal will cause a charge to fourth-quarter earnings of about $10 million. John D. Ong, Goodrich chairman, says the sale of the industrial hose and belt business was not a part of the restructuring program announced in 1985, but the business has not met the company's earnings expectations. H. K. Porter intends to offer jobs to all employees who apply for employment with Porter. There are 900 employees in the business.
Williams selling oil and gas properties Williams Cos. is selling the oil and gas properties owned by Williams Exploration Co. to Fina Oil & Chemical Co., the principal operating subsidiary of American Petrofina and American Cometra, owned by Cometra Oil Co. S.A. of Brussels. American Petrofina is 82% owned by Petrofina S.A., which is also headquartered in Brussels. The producing properties are located in Texas, Louisiana, and Colorado. The deal is scheduled for completion by year's end.
Grace catalyst may reduce acid rain W. R. Grace has begun trial production of catalysts that will significantly cut smokestack nitrogen oxide
. emissions, and thus help reduce acid rain. The test runs are being conducted at Grace's recently completed catalyst plant in Bergisch-Gladbach, West Germany. Production will be ready to start in January with an annual capacity of 2000 cubic meters of catalysts. The plant will be operated by Feldmuehle-Grace Noxeram GmbH, a joint venture between Grace
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[BUSINESS CONCENTRATES
and Feldmuehle A.G., a West German producer of paper, packaging, and industrial products. The plant will manufacture extruded honeycomb structures of ceramic based on titanium dioxide containing vanadium pentoxide and tungsten trioxide catalyst materials. The catalyst systems reduce smokestack emissions by converting flue gas and injected ammonia into nitrogen and water. The technology is being used under licensing agreements with Sakai Chemical, Mitsubishi Petrochemical, and Mitsubishi Heavy Industries, all of Japan.
Rohm & Haas announces Mexican plant In a move to counter lower-priced imports, Rohm & Haas says it soon will begin making Plexiglas acrylic sheet in Matamoros, Mexico. The plant, which will come on stream in the first quarter of 1987, initially will produce cast acrylic sheet in thicknesses of 0.25 to 1.0 inch. John R. Frazier, the company's business manager for sheet products, says, "The establishment of a plant in close proximity to Rohm & Haas' world-scale methyl methacrylate facilities in Houston improves the company's ability to serve acrylic sheet customers while remaining competitive against import pressures from developing countries."
Cal Bio to buy out research partnership California Biotechnology last week became the second biotechnology company in a month to announce plans to buy out a limited research partnership. According to Cal Bio, the company will offer 1000 shares of its common stock, 500 warrants to buy common stock, and $1000 for each of its 2492 outstanding partnership units. Based on its current share price of $13.75, the company would pay about $46 million to buy back the 1982 offering that raised about $27 million used to fund development of two human cardiovascular products, animal vaccines, and human growth hormone. Earlier this month, Genen-tech announced plans to buy back two limited research partnerships.
International Action on nitrogen oxides takes shape Experts from around the world will be turning attention in the coming months to how best reduce the level of nitrogen oxides emissions on a concerted international level. The decision was taken in Geneva, Switzerland, at the fourth session of the executive body for the Convent ion on Long-Range Transboundary Air Pollution. Set up in 1979 under the aegis of the United Nations Economic Commission for Europe in Geneva, 30 countries and the European Economic Community now belong. The aim of the working group is to have a draft protocol ready for discussion, and possible adoption, at the next session of the executive body a year from now.
The move reflects growing concern about the health and environmental hazards associated with rising levels of nitrogen oxides in the atmosphere. UNECE already has drawn up a protocol to cut annual sulfur emissions 30% from their 1980 base levels by 1993 at the latest. This is nearly ready to go into force.
U.K. creates catalysis center Fundamental study of the chemistry and physics of catalysts will be the thrust of the newly formed Center for Innovative Catalysis at Liverpool University, England. Research will concentrate mainly on heterogeneous and homogeneous catalyst systems with an eye to industrial needs. Such companies as Imperial Chemical Industries and Johnson Matthey have expressed interest in becoming affiliate members. For an annual fee, their representatives will sit on the center's management board and maintain an overview of the work undertaken. It is the brainchild of David A. King, professor of physical chemistry and surface chemistry at the university, who expects the initiative to attract U.K. government funding. A director of the center will be appointed soon.
Computer system saves plant operating costs A novel computer-based system developed by Imperial Chemical Industries in the U.K. to monitor and adjust the operations of chemical plants now is available on the open market. Tradenamed Auditor, it results in significant savings in energy use, time, and manpower, as well as reducing the amount of product that otherwise might be lost during distillations, claims Industrial Efficiency Systems, the company set up by ICI to sell advanced computer-based process management technology to a wide spectrum of industries. The system is based on a Digital Equipment Corp. PDP computer and is capable of scanning up to 384 variables at one-second intervals. Total installed cost of Auditor can range from about $70,000 to $140,000, depending on the complexity of the plant and the need for additional instrumentation. However, the resulting cost savings will pay for the system in two years or less, IES maintains.
CdF Chimie has new boss Serge Tchuruk, 49, has bean appointed chairman of Paris-based CdF Chimie, the financially troubled chemicals arm of France's nationalized coal industry. He takes over from Michel Hug, former head of the French coal board. Tchuruk is no stranger to the chemicals scene. He comes to CdF Chimie from Rhône-Poulenc, which he joined in 1980 and rose to become second in command of France's largest chemicals concern. Before that, he was with Mobil Oil for 15 years. Tchuruk's main preoccupation will be to revive the flagging fortunes of CdF Chimie, which makes a variety of chemicals, petrochemicals, and fertilizers. The company has been operating in the red for the past few years.
8 November 24, 1986 C&EN