IHS Chemical Week

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February 26, 2015
Ecolab today reported fourth-quarter net income up 17% year-on-year (YOY), to $335.5 million, on net sales up 3%, to $3.68 billion. Adjusted earnings totaled $1.20/share, matching...
http://www.chemweek.com/regions/north_america/Ecolab-earnings-match-estimates-on-higher-sales_68042.html
February 26, 2015
Axiall today announced it has sold its phosgene and derivatives facility at LaPorte, TX to Altivia Chemicals (Houston) for an undisclosed sum. The facility makes phosgene and...
http://www.chemweek.com/regions/north_america/Axiall-sells-phosgenes-facility-in-Texas_68120.html
February 26, 2015
Ferro today reported fourth-quarter net income down 81% year-on-year (YOY), to $11.4 million, on sales down 5%, to $260.9 million. The company reported a loss from continuing...
http://www.chemweek.com/regions/north_america/Ferro-earnings-tumble-on-lower-sales_68119.html
February 26, 2015
JSR Corp. along with CMIC Holdings Co. (Tokyo) and Innovation Network Corporation of Japan (INCJ), announced today that they have agreed to acquire KBI Biopharma, a biopharmaceutical...
http://www.chemweek.com/regions/north_america/JSR-Corp-acquires-contract-manufacturing-group-KBI-Biopharma_68118.html
February 26, 2015
Koppers today reported a fourth-quarter net loss of $33.5 million, or $1.67/share, compared with a loss of $4.1 million in the year-ago quarter. Net sales grew by 25% year-on-year...
http://www.chemweek.com/regions/north_america/Koppers-loss-widens-on-negative-oil-impacts_68117.html
February 26, 2015
Mexichem (Tlalnepantla, Mexico) today reported a $27-million net loss for the fourth quarter of 2014 compared with a net loss of $8 million in the corresponding quarter of 2013...
http://www.chemweek.com/regions/north_america/Mexichems-net-loss-widens-despite-higher-sales_68116.html
February 26, 2015
Petrobras has hired JP Morgan Chase to run $3 billion worth of asset sales planned for this year, according to a Reuters report citing two sources with direct knowledge. ...
http://www.chemweek.com/regions/south_america/brazil/Report-Petrobras-mulls-$3-billion-asset-sale_68115.html
February 26, 2015
Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On...
http://www.chemweek.com/regions/north_america/Axiall-Lotte-delay-decision-on-Louisiana-cracker-project_68095.html
February 26, 2015
The United Steelworkers (USW; Pittsburgh) union and the North America’s Building Trades Unions (NABTU; Washington) issued a joint statement on 25 February, clarifying what the...
http://www.chemweek.com/regions/north_america/USW-NABTU-unions-clarify-labor-negotiations-during-refinery-strike_68102.html
February 26, 2015
US crude oil and gasoline inventories were mixed in the week that ended 20 February, as crude stocks firmed and gasoline stocks declined, according to data released by the US Energy...
http://www.chemweek.com/regions/north_america/US-crude-stocks-rise-for-seventh-straight-week-gasoline-down_68104.html
February 26, 2015
Asian market sources have confirmed that a price premium that spot benzene cargoes in Asia currently command over their US counterparts has resulted in a rare reverse arbitrage opening...
http://www.chemweek.com/regions/north_america/Asian-traders-confirm-US-to-China-arbitrage-for-benzene-amid-wide-spot-price-gap_68106.html
February 26, 2015
Ferro says that it has acquired privately held TherMark Holdings (Irvine, CA), a leader in laser marking technology, for $5.5 million in cash. TherMark, which was founded in 1996, is...
http://www.chemweek.com/regions/north_america/us/Ferro-acquires-laser-marking-technology-provider-TherMark_68112.html
February 25, 2015
Chemtura today reported fourth-quarter adjusted net earnings from continuing operations of $8 million, or 10 cts/share, down 50% year-on-year (YOY), on net sales down 14%, to $467...
http://www.chemweek.com/regions/north_america/Chemtura-beats-estimates-despite-lower-sales_68105.html
February 25, 2015
US propylene inventories were up for the week that ended on February 20, according to data released by the US Energy Information Administration (EIA) on Wednesday.  It was the...
http://www.chemweek.com/regions/north_america/US-propylene-stocks-up-second-straight-week_68094.html
February 25, 2015
Kraton Performance Polymers reports a loss for the fourth quarter $17.4 million  compared with net profit of $4.9 million in the same year-ago quarter on inventory revaluation. Sales totaled $276 million, down 4.9% YOY on currency effects, the company says. Adjusted earnings of 16 cts/share beat the analysts’ consensus estimate of a 4-ct/share loss, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Kraton-swings-to-loss-but-beats-analyst-estimates_68080.html
February 25, 2015
Peru’s ministry of energy and mining has reaffirmed the commitment of the government to develop a petrochemical complex in the southern part of the country, the ministry...
http://www.chemweek.com/regions/south_america/venezuela/Perus-government-reaffirms-commitment-to-developing-petchems-hub_68077.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/regions/north_america/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68075.html
February 25, 2015
Deinove (Montpelier, France), a biotech company that develops innovative processes to produce biofuels and biobased chemicals by using Deinococcus bacteria as host strains, today...
http://www.chemweek.com/regions/north_america/Deinove-granted-patent-in-the-US-for-second-generation-bioethanol-production-process_68076.html
February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/regions/north_america/us/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
February 25, 2015
Chevron Phillips Chemical (CPChem) has production back up at its Cedar Bayou, TX, steam cracker, according to market sources this week. However, the company would not confirm any...
http://www.chemweek.com/regions/north_america/Sources-CPChem-production-back-up-at-Cedar-Bayou_68061.html
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