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October 24, 2014
Dahai Yu, former board member of Evonik Industries, has joined private equity group Advent International as an operating partner. Yu lost his job at Evonik last year when the company...
http://www.chemweek.com/regions/north_america/Former-Evonik-board-member-becomes-operating-partner-at-Advent-International_64775.html
October 24, 2014
The US Environmental Protection Agency (EPA) has proposed to remove 72 chemicals from its list of substances approved for use as inert ingredients in pesticide products. The move is in...
http://www.chemweek.com/regions/north_america/EPA-proposes-to-remove-72-chemicals-from-approved-pesticide-inert-ingredient-list_64785.html
October 24, 2014
LyondellBasell reports third-quarter net income of $1.257 billion, up 48% year-over-year (YOY) from $851 million. Sales totaled $12.066 billion, an 8% YOY increase from $11.152 billion. At $2.45, diluted earnings per share were well ahead of the analysts’ consensus estimate of $2.29 reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/LyondellBasell-third-quarter-income-up-48-percent-YOY-on-Americas-olefins-and-polyolefins_64789.html
October 24, 2014
Westlake says it will invest over $330 million to expand ethylene capacity at its facility in Lake Charles, LA, by 250 million lbs/year and to make other capital improvements. The company expects to complete the expansion in late 2015 or early 2016....
http://www.chemweek.com/regions/north_america/Westlake-plans-$330-million-ethylene-expansion-improvements-at-Lake-Charles_64738.html
October 23, 2014
OxyChem, the chemical segment of Occidental Petroleum, has reported pre-tax earnings for the third quarter of $140 million, down 23% year-on-year from $181 million. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity, as well as lower overall margins resulting from higher ethylene and natural gas costs....
http://www.chemweek.com/regions/north_america/OxyChem-third-quarter-earnings-drop-23-percent-on-lower-prices-higher-costs_64717.html
October 23, 2014
Sensient Technologies today reported third-quarter net earnings down 32.4% year-on-year (YOY), to $21.3 million, on sales down 1.6%, to $364.5 million. Adjusted earnings from...
http://www.chemweek.com/regions/north_america/Sensient-Technologies-net-earnings-decline-adjusted-earnings-beat-estimates_64771.html
October 23, 2014
Minerals Technologies (MTI) today reported net income up 69% year-on-year (YOY), to $37 million, on sales up 114%, to $543.5 million. The large increase in sales was mostly due to the...
http://www.chemweek.com/regions/north_america/Minerals-Technologies-earnings-beat-estimates_64770.html
October 23, 2014
PolyOne today reported third-quarter net income from continuing operations up 39.2% year-on-year (YOY), to $32.3 million, on sales down 4.3%, to $958 million. Sales fell because the...
http://www.chemweek.com/regions/north_america/PolyOne-earnings-rise-on-higher-sales_64766.html
October 23, 2014
As the US market changes specifications for gasoline for the winter season, cheaper year-on-year (YOY) butane prices are likely to push more mixed xylenes (MX) into the chemical...
http://www.chemweek.com/regions/north_america/US-gasoline-spec-changes-lower-Asian-demand-to-soften-aromatics-prices_64754.html
October 23, 2014
IFF says it has elected Michael Ducker, president/international and COO of FedEx Express, a part of shipping company FedEx, (Memphis, TN) to its board of directors, effective...
http://www.chemweek.com/regions/north_america/IFF-elects-new-director_64718.html
October 23, 2014
Airgas reports a 6% year-over-year (YOY) increase in sales, to $1.36 billion for the quarter ended 30 September, with acquisitions, gas and rent, and hardgoods contributing to growth...
http://www.chemweek.com/regions/north_america/Airgas-reports-4-percent-earnings-growth_64716.html
October 23, 2014
PotashCorp today reported third quarter net income of $317 million, down 10% year-over-year (YOY). The company says that although potash and nitrogen performance improved YOY, higher...
http://www.chemweek.com/regions/north_america/PotashCorp-third-quarter-earnings-dip-on-lower-offshore-contributions_64715.html
October 23, 2014
SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich (St. Louis), reports a 2.4% increase in sales in the third quarter of 2014 compared with the...
http://www.chemweek.com/regions/north_america/us/SAFC-reports-rise-in-third-quarter-sales_64701.html
October 22, 2014
The sharp drop in crude oil prices has increased near-term volatility, but will not stop ethylene margins from marching toward a peak over the next two years, say Dow officials....
http://www.chemweek.com/regions/north_america/us/Lower-crude-prices-wont-cut-off-ethylene-margins-at-the-peak-Dow-says_64692.html
October 22, 2014
Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-beat-estimates-on-strong-catalysts-results_64691.html
October 22, 2014
A. Schulman today reported fiscal fourth-quarter net income of $15.2 million, compared with a net loss of $2.7 million in the year-ago quarter, on sales up 16.8% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/Schulman-earnings-beat-estimates-on-solid-sales-increases_64690.html
October 22, 2014
A. Schulman announced today that it is cutting 40 jobs in Europe, the Middle East, and Africa (EMEA), mostly in back office and support functions, as part of a restructuring to...
http://www.chemweek.com/regions/north_america/Schulman-to-cut-support-functions-in-EMEA-restructuring_64678.html
October 22, 2014
Eastman Chemical today said it has completed its expansion of non-phthalate plasticizers capacity at its Texas City, TX, manufacturing plant. The expansion will increase production...
http://www.chemweek.com/regions/north_america/Eastman-completes-plasticizers-capacity-expansion_63889.html
October 22, 2014
Stepan today reported fiscal third quarter net income down 34% year-on-year (YOY), to $13.5 million, on sales up 3%, to $491.4 million. Adjusted net income declined 16% YOY, to $15.6...
http://www.chemweek.com/regions/north_america/Stepan-falls-short-of-estimates-on-weak-surfactants-results_64677.html
October 22, 2014
Linde has begun rail construction at the air separation unit (ASU) it is building at La Porte, TX. The ASU, which separates air into oxygen, nitrogen and argon, is part of the $250...
http://www.chemweek.com/regions/north_america/Linde-begins-rail-construction-on-La-Porte-ASU_64676.html
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