MOSCOW (MRC) -- LyondellBasell, the world’s biggest maker of polypropylene plastic, has announced that its Supervisory Board has authorized the company's Management Board to declare an interim dividend of USD0.70 per share, reported the company on its site.
The interim dividend will be paid December 8, 2014 to shareholders of record November 24, 2014, with an ex-dividend date of November 20, 2014.
As MRC informed previously, LyondellBasell had delayed the start-up of expanded production at its ethylene plant in La Porte, Tex., until later this year. A mechanical issue with a compressor at the plant was partially to blame for the extended turnaround at La Porte
LyondellBasell Industries NV is a manufacturing company. The company produces chemicals, fuels, and polymers used for packaging, clean fuels, durable textiles, medical applications, construction materials, and automotive parts. LyondellBasell Industries operates globally and is headquartered in the Netherlands. LyondellBasell is also a leading licensor of polypropylene and polyethylene technologies. The more than 250 polyolefin process licenses granted by LyondellBasell are twice that of any other polyolefin technology licensor.
MRC
MOSCOW (MRC) -- The output of finished products made of polymers in Russia grew by 10.4% over the first ten months of 2014. The films sector accounted for the largest increase in production, whereas the construction sector has demonstrated negative results since early 2014, reported MRC analysts.
October production of the main products from polymers in Russia dropped by 0.9% from September under the pressure of seasonal factors.
According to the Federal State Statistics Service of the Russian Federation, the October output of non-reinforced and non-combined films fell to 83,200 tonnes from 108,000 tonnes a month earlier. Thus, Russia's production of these products totalled 911,900 tonnes from January to October 2014, up by 27.5% year on year.
Last month's production of plates and sheets dropped to 18,500 tonnes from 19,700 tonnes in September. The putput of these products by Russian companies reached 182,200 tonnes over the stated period, up by only 0.2% year on year.
October production of plastic pipes, hoses and fittings was 69,800 tonnes versus 70,600 tonnes in September. The overall production of these products reached 498,800 tonnes over the first ten months of the year, down by 1.2% year on year.
Last month's production of plastic windows and their frames and sills virtually remained at the level of September and totalled about 2.6 million square metres. The output of plastic windows and window sills was about 21.3 million sq. m. from January to October of 2014, down by 10.7% year on year.
MRC