IHS Chemical Week

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November 10, 2015
Kronos (Dallas) reports a third-quarter net loss of $11.8 million, down from a profit of $31.9 million in the year-ago period. Net sales fell 19% year-over-year (YOY) to $336.5 million. The 10-cts/share loss missed the mean analyst estimate of a 9 cts/share gain as compiled by Thomson Reuters (New York)....
November 10, 2015
LSB Industries (Oklahoma City, OK) has reported third-quarter results for its chemical business, which turned in an operating loss of $55 million during the quarter, versus an operating loss of $5.6 million in the year-ago period. Sales declined 15% year-over-year (YOY) to $80.6 million. The company also provided an update on the expansion of its El Dorado facility....
November 10, 2015
Monsanto lowered its guidance for its 2016 fiscal year to reflect additional costs related to its restructuring program announced last month. The company expects earnings of...
November 10, 2015
DuPont announced today that it will acquire enzyme and technology assets from Dyadic International (Jupiter, FL) for $75 million. The deal includes “substantially all” of...
November 10, 2015
Codexis (Redwood City, CA), a protein engineering company, reports a net profit of $5.39 million in the third quarter of 2015, compared with a net loss of $4.56 million in the third...
November 9, 2015
Altivia Petrochemicals (Houston) said on Friday that it has completed the acquisition of the Haverhill Chemical (Houston) assets, which produce phenol, acetone, alpha-Methylstyrene (AMS) and bisphenol-A (BPA). The completion of the acquisition comes after a US bankruptcy court approved the sale earlier in the week....
November 9, 2015
Enterprise Products Partners (Houston) has obtained another long-term contract for the export of ethane from its Morgan’s Point, TX, terminal, now under construction. With this latest deal, nearly 90% of the terminal’s 200,000 bbl/day operating capacity has been committed, says the company....
November 9, 2015
Cambrex (East Rutherford, NJ) says that on 2 November, Louis Grabowsky was appointed to the company’s board of directors for a term expiring on the date of its 2016 annual...
November 9, 2015
Oxiteno (São Paolo) intends to build a $113 million, 170,000 m.t./year ethoxylation unit at its site in Pasadena, TX, more than doubling the original planned capacity. The company hopes to begin construction by the second quarter of 2016, with start-up to come in the fourth quarter of 2017. João Parolín, CEO, says the investment is part of a long-term plan to turn the Pasadena site into a large, integrated production facility capable of supplying the range of Oxiteno’s technology to the North American market....
November 9, 2015
Breen has served as interim chair and CEO of DuPont since 16 October, succeeding Ellen Kullman, who resigned abruptly in early October....
November 9, 2015
Toray Industries said on Monday that it has signed a long-term agreement with Boeing to supply carbon fiber Torayca prepreg for the production of the new Boeing 777X aircraft...
November 13, 2015
Ineos plans to restart an idled 100,000-m.t./year acrylonitrile line at its Green Lake, TX, facility, despite difficult market conditions. The company says the move will increase the site’s nameplate acrylonitrile capacity to 540,000 m.t./year....
November 6, 2015
Ineos’s application for permission to build a world-scale high-viscosity polyalphaolefin (PAO) unit at La Porte, TX, has received preliminary approval, according to a notice issued by the Texas Commision on Environmental Quality (TCEQ) on 2 November....
November 6, 2015
A new round of mergers in the agchems industry looks to be in the cards, following the sharp downturn in world agricultural markets and the collapse of the $47 billion bid by...
November 6, 2015
BASF has signed an exclusive agreement with Pochteca, a Mexican based raw materials supplier, for the distribution of its water solutions portfolio throughout Mexico and Central...
November 5, 2015
Chemours reports a net loss of $29 million for the third quarter, down from net income of $107 million year-over-year (YOY), on sales of $1.486 billion, down 9% YOY. Adjusted earnings of 40 cts/share beat the mean analyst estimate of 26 cts/share as compiled by Thomson Reuters (New York)....
November 5, 2015
Braskem's third quarter net profit came to 1.48 billion reais ($391.9 million) compared with R$230 million a year earlier. If hedge accounting had not been adopted, Braskem would have...
November 5, 2015
Albemarle has reported third-quarter net income down 10.1% year-on-year (YOY), to $65.4 million, on sales up 40.9%, to $905.1 million. Adjusted earnings, excluding costs related to the...
November 5, 2015
Calgon Carbon has reported net income down 0.8% year-on-year (YOY), to $12.1 million, on sales down 3.2%, to $133.0 million. Earnings totaled 23 cts/share, slightly short of...
November 5, 2015
Tronox (Stamford, CT) reports a net loss for the third-quarter of $54 million, versus a loss of $90 million in the year-ago quarter. Net sales totaled $575 million, up 34% year-over-year (YOY). Adjusted earnings came to a loss of 46 cts/share, short of the mean analyst estimate of a 12-ct/share loss, as compiled by Thomson Reuters (New York)....
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