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February 16, 2016LSB Industries (Oklahoma City) says its new 375,000-m.t./year ammonia plant at Eldorado, AR, is mechanically complete. The development brings LSB’s $800-million-plus El Dorado expansion near a close....
February 15, 2016January benzene export volumes from South Korea to the United States have dropped sharply following the record high figures in December. Data obtained by IHS Chemical show that exports...
February 15, 2016Railroad company CSX (Jacksonville, FL) says that it will streamline operations at 16 lower-volume mechanical facilities. The measures will affect approximately 116 CSX mechanical...
February 15, 2016Posco (Seoul), South Korea’s leading steel maker, has started work to build a lithium extraction and processing plant in Argentina for use in rechargeable batteries. The company...
February 12, 2016RPM says it has acquired Holton Food Products (LaGrange, IL), a maker of food stabilizers and egg white products for bakeries, desserts and prepared food makers. Holton has sales of $7...
February 12, 2016ExxonMobil confirmed on Friday that its Beaumont, TX, chemical plant has resumed normal operations. The announcement follows a week after its refinery at the Beaumont...
February 12, 2016Agricultural biotech firm Arcadia Biosciences (Davis, CA) says co-founder and president and CEO Eric Rey has left the company due to medical reasons. Roger Salameh, v.p., will...
February 12, 2016Ashland and Excipact (Brussels) say that Ashland’s Calvert City, KY facility has received Excipact certification for good manufacturing practice (GMP). Its scope covers the...
February 12, 2016Berry Plastics (Evansville, IN) reports net income of $4 million for its first quarter of 2016, down 69% year-over-year (YOY). Sales for the quarter, which ended 2 January, increased 32% YOY to $1.612 billion, mainly on the acquisition of Avintiv in October and increased volumes, partially offset by lower selling prices. Adjusted earnings increased 30% YOY to 35 cts/share on lower costs and higher sales, but missed the average analysts’ estimate of 40 cts/share as compiled by Thomson Reuters (New York)....
February 11, 2016Mosaic reports net income for the fourth quarter of $155 million, down 57% year-over-year (YOY) from $361 million. Sales totaled $2.2 billion, down 8.3% YOY. Earnings per share of 44 cts fell short of the consensus analysts’ estimate of 47 cts, as compiled by Thomson Reuters (New York). Operating earnings declined 44% YOY to $204 million, the result of lower potash and phosphate prices and volumes and lower potash production, says the company....