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August 4, 2015
Westlake Chemical Partners LP (Westlake Partners; Houston) reports second-quarter net income attributable to the partnership of $10.4 million. Earnings of 39 cts per limited partner unit were equal to the analysts’ consensus estimate compiled by Thomson Reuters (New York) Reuters....
http://www.chemweek.com/home/top_of_the_news/Westlake-Chemical-Partners-reports-net-income-of-$10-4-million_72733.html
August 4, 2015
Balchem reported second-quarter net earnings of $14.9 million, up 53% year-on-year (YOY). Revenue increased 2% (YOY), to $134.7 million. Reported adjusted earnings of 62 cts/share were...
http://www.chemweek.com/home/top_of_the_news/Balchem-earnings-up-53-percent-on-Sensory-Effects-acquisition-and-margin-gains_72746.html
August 4, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and one of Asia’s largest chemicals players, on Tuesday informed The Stock Exchange of Thailand that it has shut...
http://www.chemweek.com/home/top_of_the_news/PTTGC-shuts-down-aromatics-complex-for-unscheduled-repairs-and-maintenance_72714.html
August 4, 2015
Europe's styrene barge contract price for August has settled at €1,300/m.t., a decrease of €25 from the July price of €1,325/m.t., pulled lower by the twin-bear factors...
http://www.chemweek.com/home/top_of_the_news/August-styrene-barge-contract-falls-in-Europe-on-lower-feeds-spot-pressure_72734.html
August 4, 2015
The petrochemical business of Idemitsu Kosan reports operating profits rose 40% in its fiscal first quarter, ended 30 June 2015, compared with the year ago quarter, to ¥9.0 billion...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosans-petrochemical-business-reports-rise-in-operating-profits_72715.html
August 4, 2015
Westlake reports second-quarter net income of $205.1 million, up 21.1% year-over-year (YOY), on sales of $1.185 billion, up 18.6% YOY. Strong results in vinyls offset declines in olefins. Earnings per diluted share increased 22% YOY to $1.54, easily beating analysts’ consensus estimate of $1.21/share....
http://www.chemweek.com/home/top_of_the_news/Westlake-income-well-ahead-of-consensus_72729.html
August 4, 2015
The US July ethylene contract settled at 32.75 cts/lb on 3 August, losing 1 ct/lb from the June contract price of 33.75 cts/lb. The decline comes on the back of continued ample supply...
http://www.chemweek.com/home/top_of_the_news/US-July-ethylene-contract-declines-for-second-consecutive-month_72712.html
August 4, 2015
Cabot today reported a fiscal third-quarter net loss of $445 million, or $7.04/share, mostly due to a $482-million asset impairment charge related to the Supreme Court’s recent...
http://www.chemweek.com/home/top_of_the_news/Cabot-swings-to-loss-on-MATS-ruling-charge-lower-sales_72731.html
August 4, 2015
Asahi Kasei reports a 22% rise in net profits for its fiscal first quarter, ended 30 June 2015, compared with the year ago quarter, to ¥20.7 billion ($166.9 million). First-quarter...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-posts-higher-profits-sales_72713.html
August 4, 2015
Panca Amara Utama (PAU; Jakarta) has broken ground on an $830-million, 700,000-m.t./year ammonia plant to be built in Luwuk, Central Sulawesi, Indonesia. PAU first announced the project 2012 and planned to bring it onstream in 2014. Startup is currently slated for late 2016....
http://www.chemweek.com/home/top_of_the_news/Panca-Amara-Utama-breaks-ground-on-$830-million-ammonia-plant-in-Indonesia_72710.html
August 4, 2015
DSM reports €110 million ($120.6 million) in net profit from continuing operations, before exceptional items during the second quarter, compared with €108 million one...
http://www.chemweek.com/home/top_of_the_news/DSM-net-profit-and-revenue-up-maintains-guidance_72720.html
August 4, 2015
African Potash (London), the AIM listed exploration company focused on sub-Saharan potash assets, has entered into a trading agreement with the Common Market for Eastern and Southern...
http://www.chemweek.com/home/top_of_the_news/African-Potash-signs-landmark-trading-agreement-with-Comesa_72719.html
August 4, 2015
Industries Qatar (Doha), a conglomerate with interests in petrochemicals, fertilizers and steel, reported a 20% increase in second-quarter net profit to QR1.5 billion ($411.9 million)...
http://www.chemweek.com/home/top_of_the_news/Industries-Qatar-lifts-sales-and-profits_72718.html
August 4, 2015
Evonik Industries has posted sales of €3.52 billion ($3.86 billion) in the second quarter, up 8% year-on-year (YOY). Adjusted net income leapt by 70% YOY to €307 million...
http://www.chemweek.com/home/top_of_the_news/Evonik-posts-higher-sales-Ebitda-rockets-raises-outlook-again-for-full-year_72717.html
August 4, 2015
Sabic has shelved a project to build a world-scale acrylonitrile complex at Al Jubail, Saudi Arabia, because of escalating costs, according to press reports. The facility, first...
http://www.chemweek.com/home/top_of_the_news/Sabic-and-partners-shelve-acrylonitrile-project_72716.html
August 3, 2015
BASF, the third-largest agricultural chemicals player, behind Syngenta and Bayer, is eyeing possibly acquiring Syngenta, according to Reuters, citing people familiar with the...
http://www.chemweek.com/home/top_of_the_news/Will-BASF-be-Syngentas-white-knight_72700.html
August 3, 2015
Toluene contracts for August have settled in Europe at $745/m.t. fob Rotterdam, $35–40 lower than the July settlement. Discussions for this month appeared to be fairly...
http://www.chemweek.com/home/top_of_the_news/Europe-toluene-August-contract-settles-lower_72698.html
August 3, 2015
Lonza announced on Monday that it has acquired Zelam, a research-focused chemical company based in New Zealand that develops and manufactures products for protecting crops...
http://www.chemweek.com/home/top_of_the_news/Lonza-acquires-New-Zealand-based-agchems-firm-Zelam_72697.html
August 3, 2015
Lanxess said on Monday that effective 1 August, the US legal entity Rhein Chemie has merged into its parent, Lanxess, as an additives business unit. The merger is part of Lanxess's...
http://www.chemweek.com/home/top_of_the_news/Rhein-Chemie-merges-into-Lanxess-as-part-of-groupwide-restructuring_72694.html
August 3, 2015
Dow Chemical today announced that it has completed the previously announced sale of AgroFresh, its postharvest specialty chemical business, to Boulevard Acquisition (New York), a...
http://www.chemweek.com/home/top_of_the_news/Dow-completes-divestment-of-AgroFresh_72691.html
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