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April 30, 2015
Cargill says it has acquired the fermentation-based processes and systems of OPX Biotechnologies (OPXBio), a Boulder, CO-based industrial biotechnology firm. Financial terms were not...
http://www.chemweek.com/regions/north_america/Cargill-acquires-OPX-Biotechnologies-fermentation-technology-UPDATED_69947.html
April 30, 2015
EuroChem (Zug, Switzerland), a leading producer of fertilizers and fertilizer raw materials, today unveiled a new project to invest in a phosphate ore processing facility at Kovdor, on...
http://www.chemweek.com/regions/north_america/EuroChem-launches-new-phosphate-raw-material-project-outlines-strategy_69883.html
April 29, 2015
Ashland today reported fiscal second-quarter earnings from continuing operations of $95 million, or $1.39/share, compared with a loss of $61 million in the year-ago quarter. Sales...
http://www.chemweek.com/regions/north_america/Ashland-earnings-rise-on-higher-margins_69952.html
April 29, 2015
Ferro announced today it has agreed to acquire Nubiola Pigmentos (Barcelona), a maker of specialty inorganic pigments, for €146 million ($162.3 million). Nubiola is the...
http://www.chemweek.com/regions/north_america/Ferro-to-acquire-Spanish-pigments-firm_69950.html
April 29, 2015
Ferro today reported first-quarter net income down 36% year-on-year (YOY), to $11.0 million, on net sales down 6.4%, to $262.8 million. Adjusted earnings, which exclude results in from...
http://www.chemweek.com/regions/north_america/Ferro-beats-estimates-despite-lower-sales_69951.html
April 29, 2015
Chemtura today reported first-quarter earnings of $21 million, more than double the year-ago quarter, on sales down 21% year-on-year (YOY), to $438 million. On a managed basis...
http://www.chemweek.com/regions/north_america/Chemtura-beats-estimates-on-lower-costs-higher-selling-prices_69949.html
April 29, 2015
Propylene stocks firmed in the United States during the week ended 24 April, according to data released by the Energy Information Administration today. Nonfuel use propylene stocks...
http://www.chemweek.com/regions/north_america/Propylene-stocks-increase-in-US_69933.html
April 29, 2015
Chemical railcar traffic in North America fell 4.2% year-over-year (YOY) during the week ended 25 April, on a 6.0% decline in the United States....
http://www.chemweek.com/regions/north_america/Weekly-North-America-chemical-rail-traffic-pulled-down-by-US-decline_69946.html
April 29, 2015
Invista says that it restarted its 400,000-m.t./year adiponitrile plant at Victoria, TX, on 22 April and resumed downstream production of hexamethylenediamine on 23 April. “It is too early to determine when the force majeure will be lifted, but the facility is in the process of ramping up to full rates,” the company says....
http://www.chemweek.com/regions/north_america/Invista-restarts-Victoria-adiponitrile-HMDA-units-force-majeure-remains-in-effect_69929.html
April 29, 2015
Avery Dennison today reported first-quarter net income up 1% year-on-year (YOY), to $71.6 million, on sales down 1%, to $1.53 billion. Adjusted net income from continuing operations...
http://www.chemweek.com/regions/north_america/Avery-Dennison-beats-estimates-despite-lower-sales_69930.html
April 29, 2015
Activist hedge fund Trian management today released a letter to DuPont shareholders praising a report put out by the Institute for Shareholder Services (ISS; Rockville, MD) on Monday...
http://www.chemweek.com/regions/north_america/Trian-praises-ISS-recommendations-on-DuPont_69943.html
April 29, 2015
Dow Corning reports net income for the first quarter of $185 million, down 3.1% year-on-year (YOY) from $191 million. Sales totaled $1.36 billion, down 11% YOY. The declines reflect fewer polysilicon shipments to long-term contract customers, says J. Donald Sheets, the company’s executive v.p. and CFO. “These contracts have a degree of variability when customers take their product, and recent order patterns have resulted in customer orders being concentrated in the fourth quarter," he says....
http://www.chemweek.com/regions/north_america/us/Dow-Cornings-sales-and-earnings-down_69926.html
April 29, 2015
Praxair reports first-quarter net income $416 million, down 7.1% from the year-ago quarter because of currency impacts. Reported earnings of $1.43/share were down 5.2% year-on-year. Praxair has cut its full-year 2015 earnings forecast to $5.90–6.15/share, 5% lower at the midpoint compared with the company’s previous forecast, released in January.
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http://www.chemweek.com/regions/north_america/us/Praxair-earnings-fall-7-percent-on-currency-impact_69925.html
April 29, 2015
Freeport LNG Expansion (Freeport LNG) today announced that its subsidiary FLNG Liquefaction 3 has successfully closed the financing required for constructing the third train of its...
http://www.chemweek.com/regions/north_america/Freeport-LNG-closes-financing-starts-constructing-third-liquefaction-train_69923.html
April 29, 2015
Bayer CropScience has announced Healthy Hives 2020, the aims of which are to improve the health of honeybee colonies in the United States in the next five years, the company says. The...
http://www.chemweek.com/regions/north_america/Bayer-CropScience-launches-honeybee-health-initiative_69922.html
April 29, 2015
ChevronPhillips Chemical (CPChem) began the start up of the ethylene Unit 33 at its Sweeny, TX, facility on Monday, according to a filing with Texas regulators. Monday's filing with...
http://www.chemweek.com/regions/north_america/CPChem-begins-start-up-of-Sweeny-ethylene-unit_69908.html
April 29, 2015
With the US May benzene contract settlement expected to move higher later this week, market participants have not ruled out the possibility of another split settlement. The US benzene...
http://www.chemweek.com/regions/north_america/Sources-not-ruling-out-split-settlement-for-US-benzene-benzene-contract_69893.html
April 28, 2015
Croda International says it has broken ground on a £120m ($170 million) plant at its New Castle, DE facility that will be designed to produce non-ionic surfactants from renewable...
http://www.chemweek.com/regions/north_america/Croda-breaks-ground-on-Delaware-surfactants-plant_69905.html
April 28, 2015
Stepan (Northfield, IL) reports net income of $21.3 million, up 63% year-on-year (YOY) from $13.0 million. Sales declined 3.5% YOY to $460.5 million. Earnings of 93 cts/share blew past the analysts’ consensus estimate of 57 cts/share. The company attributes the strong results to actions taken in 2014 to improve product mix, reduce cost, and improve efficiency. Slightly higher volumes and margins offset the impact of a stronger US dollar....
http://www.chemweek.com/regions/north_america/us/Stepan-income-up-63-percent-beats-estimates_69886.html
April 28, 2015
Repsol (Madrid) and Grupo Kuo (Mexico City) have agreed to extend their 50-50 elastomers joint venture, Dynasol (Madrid), in which they have been partners since 1999. The jv will now...
http://www.chemweek.com/regions/north_america/Repsol-Grupo-Kuo-extend-Dynasol-JV-to-focus-on-synthetic-rubber-market_69887.html
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