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October 23, 2015
Minerals Technologies (MTI) has reported third-quarter net income down 21% year-on-year (YOY), to $29.2 million, on net sales down 17%, to $451.0 million. Results were hit by the...
October 23, 2015
Private equity firm Edgewater Capital (Cleveland) says it is acquiring ChemQuest (Pasadena, TX), a blender and distributor in the oilfield, ag, and industrial chemicals sectors, for an...
October 23, 2015
Pallas Nitrogen Texas (Dallas) says that it has completed "significant development, permitting, and engineering" on a project to build an ammonia plant at Pasadena, TX...
October 23, 2015
Syngas Energy Holdings (Houston) plans to build a $360-million, 500,000-m.t./year methanol plant in St. James Parish, LA, according to a press release issued by Louisiana Economic Development (LED). Assuming permits are granted, Syngas Energy expects to begin construction in the second quarter of 2016, with start up to come at the end of 2018. The plant would be expanded to 700,000 m.t./year in a later phase....
October 22, 2015
Dow reports net income for the third quarter of $1.3 billion, up 51% year-on-year (YOY). Excluding one-time items, net income was $959 million, up 12% as higher earnings in performance plastics and consumer solutions offset declines in agricultural sciences, infrastructure solutions, and performance materials and chemicals. Reported operating earnings of 82 cts/share were up 14% YOY and 19% above the mean analyst estimate compiled by Thomson Reuters (New York)....
October 22, 2015
Cytec today reported third-quarter net earnings up 11% year-on-year (YOY), to $59.5 million, on sales down 2%, to $497 million. Excluding special items, third-quarter net earnings from...
October 22, 2015
Sensient Technologies (Milwaukee) has reported sales of $344.5 million in the third quarter compared with sales of $364.5 million in the corresponding quarter of 2014, a decline of...
October 22, 2015
3M today reported third-quarter net income that was roughly flat year-on-year (YOY), at $1.30 billion, on sales down 5.3%, to $7.71 billion. Earnings totaled $2.05/share, beating...
October 22, 2015
Sherwin-Williams (SW) says it has named John Morikis as its next CEO, effective 1 January 2016. Morikis replaces Christopher Connor, who has been CEO for 16 years and will remain...
October 22, 2015
W.R. Grace reports an 81.2% year-on-year (YOY) decline in third-quarter net income, to $14.1 million, on lower volumes and unfavorable currency translation in its catalyst and...
October 21, 2015
Mexichem (Tlalnepantla, Mexico) reports $54 million in net income during the third quarter, up 2% year-on-year (YOY). Ebitda was up 13% YOY, to $234 million, benefiting from the...
October 21, 2015
Resources company BHP Billiton (Melbourne) says that its $2.6-billion potash project at Jansen, SK, is 51% complete and within budget. Work is progressing to finish the excavation and...
October 21, 2015
US nonfuel-use propylene stocks did not change during the week that ended on 16 October, but propane/propylene stocks fell for the first time in three weeks, according to data released on Wednesday by the Energy Information Administration (EIA)....
October 21, 2015
During the week ended 17 October, chemical railcar traffic in North America decreased 0.9% year-over-year (YOY), but the volume year-to-date remains slightly positive, despite a decline in total rail volume. For all of North America, chemical railcar traffic during the week totaled 41,489 carloads, down 0.3% from the previous week, according to data released on 21 October by the Association of American Railroads (AAR)....
October 21, 2015
Stepan reports net income increased 84.7% year-on-year (YOY), to $24.9 million, for its fiscal third quarter, as surfactants operating income nearly doubled YOY. Sales were down 9.6%...
October 20, 2015
A. Schulman today reported fiscal fourth-quarter net income of $21.8 million, up 43.4% year-on-year (YOY), on net sales up 7.4%, to $674.0 million. Adjusted earnings totaled 64...
October 20, 2015
Cabot Corporation (Boston) says it will restructure its operations for an expected cost savings of $50 million in fiscal 2016, which began this month....
October 20, 2015
Metals and mining company Vale (Rio de Janeiro) says that its potash production decreased 11% in the third quarter of 2015 compared with the corresponding period of last year, to...
October 20, 2015
Wacker Chemie has officially started up a new reactor for vinyl acetate ethylene copolymer (VAE) dispersions at its Calvert City, KY, site. The company has invested around...
October 20, 2015
W. R. Grace says that Naren Srinivasan has been appointed v.p./strategy and corporate development of GCP Applied Technologies, the public company expected to be formed by Grace...
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