IHS Chemical Week

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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)....
November 5, 2015
Brenntag reports a 9.0% increase in third-quarter profit after tax compared with the corresponding period of last year, to €94.7 million on sales up 0.8%, to €2.6 billion...
November 5, 2015
Trinseo (Berwyn, PA) reports net income of $52 million for the third quarter, up from a $10 million loss in the year-ago period. Sales totaled $1.028 billion, down 21% year-over-year (YOY) on the pass-through of lower raw material costs, says the company. Adjusted earnings of $1.07/share missed the mean analyst estimate of $1.28/share as compiled by Thomson Reuters (New York)....
November 5, 2015
The American Chemistry Council (ACC) and several trade unions have announced the formation of the Chemical Industry Labor-Management Committee (CILMC), a group that will advocate for policies that support the ongoing expansion of the chemical industry and other domestic manufacturing industries....
November 5, 2015
US nonfuel-use propylene stocks came down in the week that ended on 30 October, while propane/propylene stocks firmed, according to data released on Wednesday by the US Energy Information Administration (EIA)....
November 4, 2015
Renewable oils firm Solazyme (South San Francisco, CA) and Bunge (White Plains, NY) say they have expanded their joint venture to include food ingredients. Solazyme CEO Jonathan...
November 4, 2015
Molycorp (Greenwood Village, CO) has filed a reorganization plan with the US Bankruptcy Court for the District of Delaware that will bring the company out of bankruptcy as either a...
November 4, 2015
During the week ended 31 October, chemical railcar traffic in North America increased 1.8% year-on-year despite a decline in Canada. For all of North America, chemical railcar traffic during the week totaled 43,099 carloads, up 2.8% from the previous week, according to data released on 4 November by the Association of American Railroads (AAR)....
November 4, 2015
Platform Specialty Products has issued $500 million in senior bonds due 2021, with the proceeds going to fund the $2.3-billion acquisition of Alent plc (Woking UK). The bonds carry an...
November 6, 2015
Deere & Co. and Monsanto's precision planting subsidiary The Climate Corporation say they have signed agreements for Deere to acquire Climate Corp.'s equipment business. The deal...
November 3, 2015
Ashland has reported a fiscal fourth-quarter net loss from continuing operations of $59 million, or 88 cts/share, on sales down 17% year-on-year (YOY), to $1.28 billion. This compared...
November 3, 2015
A US bankruptcy court has approved the sale of Haverhill Chemical's (Houston) to Altivia Petrochemicals (Houston) for $3 million, in line with expectations. The deal was first reported by IHS Chemical back on 10 September....
November 3, 2015
Mosaic on Tuesday reported third-quarter net earnings down 21% year-on-year (YOY), to $160 million, on sales down 9%, to $2.1 billion. Sales and earnings declined because of lower...
November 3, 2015
Olin reports third-quarter income of $5.9 million, down 77% year-on-year (YOY), on sales of $533.6 million, down 10% YOY. Adjusted earnings of 27 cts/share missed the mean analyst estimate of 32 cts/share compiled by Thomson Reuters (New York). Olin says it may idle or permanently close 250,000–450,000 m.t./year of chlor-alkali capacity. The company plans to provide details in the first quarter of 2016....
November 3, 2015
Axiall has swung to a third-quarter net loss of $769.6 million compared with net income of $44.5 million. Adjusted earnings of 91 cts/share were 3.4% higher year-on-year (YOY) and more...
November 3, 2015
Westlake Chemical Partners reports third-quarter net income attributable to the partnership of $10.1 million, down from $10.4 million in the second quarter. Net sales of Westlake Chemical OpCo totaled $248.6 million during the quarter, down $251.7 million in the second quarter. Adjusted earnings of 37 cts/share fell short of the mean analyst estimate of 40 cts/share, as compiled by Thomson Reuters (New York)....
November 3, 2015
OCI Partners (Nederland, TX) reports net income for the third quarter of $23 million, up 21% year-over-year (YOY), on revenues of $104 million, up 16% YOY. Earnings of 27 cts/share fell just shy of the mean analyst estimate of 28 cts/share as compiled by Thomson Reuters (New York)....
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