IHS Chemical Week

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November 1, 2016
Trinseo reported net income of $67 million up 29% year-on-year (YOY) on favorable raw material impacts partly offset by restructuring charges. Revenues were $935 million, down 9% YOY...
November 1, 2016
Ineos Olefins & Polymers USA has acquired all shares of WLP Holding Corp. (Fort Worth, Texas), a producer of high-density polyethylene (HDPE) pipes. Operating as WL Plastics, the company has over 500 million lbs (230,000 metric tons) per year of pipe capacity at plants in Kentucky, South Dakota, Utah, Texas, and Wyoming. A facility in Georgia is under construction. Terms of the purchase were not disclosed....
November 1, 2016
The US Environmental Protection Agency (EPA) has reaffirmed the registration of Dow Chemical's Enlist Duo herbicide for corn and soybean crops after finding the formulation, a...
November 1, 2016
Ecolab reports third-quarter net income up 45% year on year (YOY), to $374.1 million, on increased margins before currency impacts. Net sales were down 2% YOY, to $3.4 billion...
November 1, 2016
Chemtura reports operating income of $51 million for its fiscal quarter ended 30 September, down 3.8% year on year (YOY). Earnings from continuing operations were down 15.5% YOY, to 52...
November 1, 2016
DuPont announced today that it will invest $100 million to expand its probiotics manufacturing capacity 70%. This investment is in addition to capacity expansions at Madison...
November 1, 2016
LyondellBasell Industries reports net income of $953 million for the third quarter, down 19.6% year-over-year (YOY), on sales of $7.365 billion, down 11.6% YOY. Planned maintenance cut into US olefin volumes, and polyethylene margins were down. Adjusted earnings per share declined 17.5% YOY to $2.31, meeting the consensus estimate....
November 1, 2016
Occidental Petroleum (Oxy; Houston) reports third-quarter pre-tax earnings for its chemical segment, OxyChem, of $117 million, down 57% year-over-year (YOY) from $272 million. Sales totaled $988 million, down 2% YOY from 1.01 billion....
November 1, 2016
Mosaic reports third-quarter net earnings of $39.2 million, down 75.5% year-on-year (YOY), on lower potash prices and phosphate margins, partially offset by higher sales volumes and...
November 1, 2016
Reliance Industries has agreed loan facilities of $573 million with a group of international banks to part-finance constructing six very large ethane carriers (VLECs) to transport...
October 31, 2016
Baker Hughes has agreed to merge with GE’s oil and gas business to create a new oilfield technology provider with $32 billion in revenue. Under the terms of the deal, which have been unanimously approved by the boards of directors of both GE and Baker Hughes, shareholders in Baker Hughes will get a one-time cash dividend of $17.50/share and 37.5% of the new company. GE, which will provide $7.4 billion to fund the special dividend, will get 62.5% of the new company. The two companies expect the deal, which must be approved by Baker Hughes shareholders and regulatory authorities, to close in mid 2017....
October 31, 2016
Cabot reports net income of $52 million for its fiscal fourth quarter ended 30 September, up 30% year-on-year (YOY), driven primarily by strong margins and lower costs. Net sales fell...
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