IHS Chemical Week

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July 31, 2015
Fluor Corp., the leading engineering and construction firm, has signed an agreement to divest 50% of shares in its Spanish operations, Fluor S.A., to Sacyr Industrial, a leading...
July 31, 2015
ExxonMobil reports that its chemical segment turned in second-quarter earnings of $1.246 billion, up 48% year-over-year (YOY), despite a decline in volume. US earnings increased 39%, to $735 million, and non-US earnings increased 63%, to $511 million....
July 31, 2015
Olin reports second-quarter net income of $42 million, up 16% year-over-year (YOY), on sales of $535 million, down 6% YOY on lower chlor-alkali volumes and turnaround costs. Earnings per share of 55 cts easily beat analysts’ consensus estimate of 30 cts/share as compiled by Thomson Reuters (New York)....
July 30, 2015
Quaker Chemical today announced second-quarter net income down 2.6% year-on-year (YOY), to $15.0 million, or $1.13/share, on sales down 4.0%, to $183.7 million. Volumes were up by 4%...
July 30, 2015
Kraton Performance Polymers says that a cluster of operational issues took a big bite out of second-quarter earnings. The company reports a net loss for the quarter of $5.6 million, swinging year-over-year (YOY) from a net profit of $11.1 million. Sales totaled $255.9 million, down 21% YOY from $323.8 million, mainly on lower prices, but also on reduced volume. Adjusted earnings per share of 2 cts fell well short of analysts’ consensus estimate of 41 cts/share as compiled by Thomson Reuters (New York)....
July 30, 2015
Occidental Petroleum (Houston) says that its chemical business, OxyChem, turned in pretax core earnings for the second quarter of $136 million, up 2% from $133 million in the second quarter of 2014. Chemical revenues totaled $1.03 billion, down 17% year-on-year from $1.242 billion....
July 30, 2015
A seasonal increase in gasoline demand in the US means there is strong demand for high octane blend stocks and this has seen an increase in demand for para-xylene in the region. In...
July 30, 2015
PotashCorp reports second-quarter net income down 11.7% year-on-year (YOY), to $417 million, on net sales down 8.5%, to $1.7 billion. Adjusted earnings of 50 cts/share were down 10.7%...
July 30, 2015
ACC’s chemical activity barometer (CAB), a leading indicator of economic activity measured on a three-month moving average, increased 0.1% in July, following consecutive monthly...
July 30, 2015
Air Products today reported fiscal third-quarter net income up 2% year-on-year (YOY), to $318.8 million, or $1.47/share, on sales down 6%, to $2.47 billion. Excluding restructuring and...
July 30, 2015
Methanex posted net income attributed to shareholders of $104 million, down 17% year-on-year (YOY). Revenue of $638 million was down 19% YOY. Reported adjusted earnings of 56 cts/share...
July 30, 2015
Evonik Industries is globalizing its R&D activities for the global cosmetics industry, and at the same time using local R&D to strengthen its position in important growth...
July 30, 2015
Quaker Chemical (Conshohocken, PA) says that it has acquired Verkol (Bera, Spain), a leading specialty grease and lubricants manufacturer and marketer based in Northern Spain, for...
July 30, 2015
Cambrex (East Rutherford, NJ) reports net profits of $19.66 million for the second quarter of 2015, which is unchanged compared with the second quarter of 2014. Second-quarter sales...
July 30, 2015
Reliance Industries (Mumbai) is contemplating the sale of its shale gas holdings in the United States, according to Indian press reports. Reliance, in response to a request...
July 29, 2015
Ashland today reported fiscal third-quarter net income of $107 million, or $1.56/share, up 8.1% year-on-year (YOY), on sales down 14.9%, to $1.37 billion. Adjusted earnings from...
July 29, 2015
US propylene stocks were higher in the week that ended on 24 July, according to data released on Wednesday by the Energy Information Administration (EIA). Propane/propylene stocks were...
July 29, 2015
During the week ended 25 July, chemical railcar traffic in North America increased 1.6% year-over-year (YOY) on strong gains in Canada. For all of North America, chemical railcar traffic during the week totaled 42,019 carloads, up 0.6% from the previous week, according to data released on 29 July by the Association of American Railroads (AAR) https://www.aar.org/. For the year to date, chemical railcar traffic in North America is up 0.4%, versus a 3.5% decrease in all railcar traffic, according to the AAR....
July 29, 2015
Chemtura posted second-quarter net income of $18 million, down 58% from the same year-ago quarter due mainly to the sale of its agrochemicals business. Net sales were $454 million, down 24%. The company says its core segments, which exclude agrochemical manufacturing, posted a strong quarter with adjusted Ebitda of $60 million, up 13% YOY....
July 29, 2015
Ferro today reported second-quarter net income down 34.0% year-on-year (YOY), to $6.6 million, on sales down 8.8%, to $268.2 million. Net income was impacted by restructuring charges...
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