IHS Chemical Week

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July 29, 2015
Huntsman reports net income of $29 million for the second quarter, down 76% year-on-year (YOY). Sales totaled $2.74 billion, down 8.2% YOY from $2.99 billion on lower selling prices and sales volume as well as currency effects. Adjusted earnings of 63 cts/share increased 6.8% YOY and beat analysts’ consensus estimate of 55 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/Huntsman-earnings-beats-consensus-despite-lower-prices-volume_72517.html
July 29, 2015
Chevron confirmed Wednesday that it will cut its workforce by 1,500 positions across multiple operating units and its corporate center  to reduce costs amid current market...
http://www.chemweek.com/regions/north_america/Chevron-to-cut-1500-jobs-due-to-market-conditions_72523.html
July 29, 2015
Univar posted a second-quarter net loss of $12.4 million due mainly to expenses related to the company’s initial public offering and debt repayment. The negative impact on a...
http://www.chemweek.com/regions/north_america/us/Univar-posts-loss-on-IPO-expense-currency-impacts_72524.html
July 29, 2015
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired Scandia Citrus (Lakeland, FL), which specializes in the R&D, manufacture, and...
http://www.chemweek.com/regions/north_america/us/Frutarom-acquires-Florida-based-Scandia-Citrus_72504.html
July 29, 2015
Praxair today reported second-quarter net income down 34% year-on-year (YOY), to $308 million, or $1.06/share, on sales down 12%, to $2.74 billion. Earnings were hit by negative...
http://www.chemweek.com/regions/north_america/Praxair-earnings-fall-short-of-estimates-on-weakness-in-energy_72521.html
July 29, 2015
W.R. Grace reports second-quarter net income declined 57.9% year-on-year (YOY), to $57.5 million. The prior-year quarter included a tax benefit of $53.2 million, while the 2015 quarter...
http://www.chemweek.com/regions/north_america/Grace-beats-estimates-narrows-guidance_72518.html
July 29, 2015
Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reports second-quarter net income increased 3.7% year-on-year (YOY), to $113 million, on sales down 5.3% YOY, to...
http://www.chemweek.com/regions/north_america/Silicones-lift-Dow-Corning-profits_72519.html
July 29, 2015
Solvay says that it has signed a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $75.25/share in cash, or a total of $5.5 billion. The transaction price per...
http://www.chemweek.com/regions/north_america/us/Solvay-to-acquire-Cytec-for-$6-4-billion_72499.html
July 29, 2015
Westlake Chemical Partners (WLKP; Houston ) filed comments on 28 July with the IRS arguing against proposed regulations that would not allow master limited partnerships (MLPs) based on the steam cracking of natural gas liquids....
http://www.chemweek.com/regions/north_america/Westlake-Chemical-Partners-files-comments-with-IRS-on-proposed-MLP-regulations_72496.html
July 29, 2015
Total is looking for a partner to take a 50% stake in the company's Port Arthur, TX, refinery, according to Reuters. The Reuters report cites “a source familiar with the matter." Downstream petrochemical assets at Port Arthur would not form part of the deal, says the report....
http://www.chemweek.com/regions/north_america/Report-Total-seeks-50-percent-partner-in-Port-Arthur-refinery_72495.html
July 28, 2015
A tight market may prompt US purified terephthalic acid (PTA) consumers to look at Asia as an alternative for para-xylene (PX), according to IHS Chemical. Discussions have emerged this...
http://www.chemweek.com/regions/north_america/Asia-p-xylene-market-emerges-as-likely-candidate-for-alternative-to-US-consumers_72295.html
July 28, 2015
SGL Group (Wiesbaden, Germany) on Monday concluded an agreement with Toronto-listed Avcorp Industries to sell its subsidiary Hitco Carbon Composites USA. Hitco Carbon Composites...
http://www.chemweek.com/regions/north_america/SGL-sells-Hitco-Carbon-Composites-business-to-Avcorp-Industries_72301.html
July 28, 2015
LyondellBasell reports net income from continuing operations of $1.3 billion, up 7.8% year-over-year (YOY) as higher volumes and lower feedstock costs more than offset declines in product prices. Sales totaled $9.1 billion, up 11.7% YOY....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-income-up-beats-analyst-consensus_72480.html
July 28, 2015
Ecolab Tuesday reported second-quarter net income down 3% year-on-year (YOY), to $302.0 million, on sales down 5%, to $3.39 billion. Adjusted earnings totaled $1.08/share, up 5% YOY...
http://www.chemweek.com/regions/north_america/Ecolab-earnings-match-estimates-but-fall-on-currency-impacts-energy-weakness_72479.html
July 28, 2015
The recent decline in benzene spot prices in the United States suggests that the August benzene contract will likely settle lower at the end of this week. The expected decline comes...
http://www.chemweek.com/regions/north_america/US-August-benzene-contract-expected-lower_72494.html
July 28, 2015
DuPont’s second-quarter results fell sharply on negative currency impacts, continued weakness in performance chemicals—a business it spun out to shareholders on 1...
http://www.chemweek.com/regions/north_america/DuPont-cuts-outlook-on-ag-slowdown_72478.html
July 28, 2015
A Monsanto spokeswoman has confirmed to Reuters that the $2-billion breakup fee offered to Syngenta if antitrust regulators blocks US firm’s proposed...
http://www.chemweek.com/regions/north_america/Monsanto-$2-billion-breakup-fee-payable-if-Syngenta-deal-blocked-on-any-antitrust-grounds_72472.html
July 28, 2015
Airgas today reported fiscal 2016 first-quarter earnings that declined 1% year-on-year (YOY), to $88.2 million, on sales up 3%, to $1.35 billion. Earnings totaled $1.16/share, down 2%...
http://www.chemweek.com/regions/north_america/Airgas-narrowly-beats-estimates-narrows-guidance_72481.html
July 28, 2015
Haltermann Carless Solutions (HCS; Frankfurt) said on Tuesday that it has acquired Shu-Chem Holdings (Manvel, TX), a family-owned company. The acquisition aims to grow...
http://www.chemweek.com/regions/north_america/HCS-Group-acquires-US-producer-Shu-Chem_72469.html
July 28, 2015
Yara  International (Oslo) and BASF broke ground Monday on a previously announced world-scale ammonia plant at the BASF site in Freeport, TX. As part of the project, Yara will...
http://www.chemweek.com/regions/north_america/BASF-Yara-break-ground-on-world-scale-ammonia-plant-in-TX-BASF-to-use-ammonia-to-produce-caprolactam_72448.html
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