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July 30, 2014
FMC today reported net income of $109.1 million, or 81 cts/share, down 8% year-on-year (YOY), on revenues up 13%, to $987.8 million. Excluding special charges, adjusted earnings...
http://www.chemweek.com/home/top_of_the_news/FMC-earnings-rise-as-ag-rebounds-but-fall-short-of-estimates_62841.html
July 30, 2014
Cabot reports net income of $52 million, down 12% year-over-year (YOY), on sales of $940 million, up 4% YOY. Although Cabot’s reinforcement materials and performance materials segments turned in strong gains, earnings took a hit from lower volumes in advanced technologies and purification solutions. Adjusted earnings of 88 cts/share fell short of the analysts’ consensus estimate of 91 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Cabot-net-income-down-12-percent-YOY-misses-estimates_62839.html
July 30, 2014
Ferro today announced its second quarter results from continuing operations, and the company now fully recognizes substantially all of its specialty plastics and polymer additives...
http://www.chemweek.com/home/top_of_the_news/Ferro-earnings-up-as-specialty-plastics-polymer-additives-businesses-discontinue_62833.html
July 30, 2014
The US Senate Committee on Homeland Security and Governmental affairs, with a bipartisan vote, today passed an amended version of the Chemical Facility Anti-Terrorism Standards Program...
http://www.chemweek.com/home/top_of_the_news/Senate-passes-CFATS-reauthorization-program_62812.html
July 30, 2014
Huntsman reports second-quarter net income of $119 million, more than doubling year-over-year (YOY) on gains across all segments except pigments. Revenues totaled $2.988 billion, up 5.6% YOY. Earnings of 59 cts/share were well above the analysts’ consensus estimate of 48 cts/share compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Huntsman-beats-estimates-net-income-more-than-doubles_62809.html
July 30, 2014
Westlake Chemical Partners (Westlake Partners; Houston), a master limited partnership formed to manage the ethylene production assets of Westlake Chemical, has begun trading on the New York Stock Exchange (NYSE). Shares opened the first day of trading, 30 July, at $30.28....
http://www.chemweek.com/home/top_of_the_news/Westlake-Chemical-Partners-prices-IPO-at-$24share-begins-trading-on-NYSE_62810.html
July 30, 2014
Dow Corning announced its results today for its fiscal second quarter, with marked improvement in silicone sales in most geographies. The company says there was also significant growth...
http://www.chemweek.com/home/top_of_the_news/Dow-Corning-results-up-on-silicone-sales_62807.html
July 30, 2014
Victrex (Thornton Cleveleys, UK), a producer of high-performance polymers, including poly(ether ether ketone), today announced its third-quarter results, covering 1 April–30...
http://www.chemweek.com/home/top_of_the_news/Victrex-ups-sales-in-quarter-to-June_62805.html
July 30, 2014
PhosAgro (Moscow) said today that its CEO, Andrey Guryev, met with Nick Bowen, the executive global head/mining services at Orica, to discuss the final construction stage of...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-and-Orica-on-track-with-emulsion-explosives-project-in-Russia_62803.html
July 30, 2014
The chemical subsidiary of Siam Cement Group (SCG; Bangkok), reports a 14.4% fall in net profits for the second quarter, ended 30 June, compared with the year-ago period, to 2.26...
http://www.chemweek.com/home/top_of_the_news/Siam-Cements-chemicals-business-reports-fall-in-second-quarter-profits_62796.html
July 30, 2014
AkzoNobel says it will partner with the Solar Energy Research Institute of Singapore (Seris) at the National University of Singapore in order to explore less costly ways of producing...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-collaborates-with-institute-in-Singapore-on-solar-cell-technology_62795.html
July 30, 2014
Clariant’s second-quarter net income from continuing operations was up 17%, to 83 million Swiss francs ($91.5 million), while revenues from continuing operations declined 1%, to...
http://www.chemweek.com/home/top_of_the_news/Clariant-confirms-outlook-on-improved-second-quarter-results_62794.html
July 30, 2014
Bayer today reported a 13.3% rise in second-quarter net income, to €953 million ($1.28 billion), on 1% higher sales of €10.5 billion. Ebitda before special items was down...
http://www.chemweek.com/home/top_of_the_news/Bayer-reports-higher-income-and-revenue-upholds-full-year-forecast_62793.html
July 30, 2014
The board of Yara International (Oslo) today announced the appointment of Svein Richard Brandtzæg, aged 57, as the company's new president and CEO. He will succeed Jørgen...
http://www.chemweek.com/home/top_of_the_news/Yara-appoints-new-president-and-CEO_62603.html
July 29, 2014
Ecolab today reported adjusted net income up 46% year-on-year (YOY), to $311.4 million, on net sales up 7%, to $3.57 billion. Adjusted income totaled $1.03/share, slightly ahead of...
http://www.chemweek.com/home/top_of_the_news/Ecolab-beats-estimates-on-solid-sales-growth-narrows-guidance_62777.html
July 29, 2014
The Environment Protection Authority (EPA) of the state of New South Wales (NSW) in Australia announced on 28 July that Orica (Melbourne) has been convicted and penalized A$768,250...
http://www.chemweek.com/home/top_of_the_news/Court-fines-Orica-for-pollution-incidents_62775.html
July 29, 2014
BP's petrochemicals business posted an underlying loss before interest and tax of $98 million in the second quarter on a replacement cost (RC) basis compared with an underlying RC loss...
http://www.chemweek.com/home/top_of_the_news/BPs-petchem-loss-widens_62773.html
July 29, 2014
Sumitomo Seika Chemicals is to form a new polymers company at the end of this month to build and operate a superabsorbents production facility at Yeosu, South Korea, to meet brisk...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Seika-Chemicals-outlines-superabsorbents-investment-in-Korea_62771.html
July 29, 2014
Lenzing announced today that it has started production at its large-scale Tencel cellulose fiber plant at Lenzing, Austria. The plant has capacity for 67,000 m.t./year of Tencel fiber...
http://www.chemweek.com/home/top_of_the_news/Lenzing-starts-up-large-Tencel-fiber-plant-in-Austria_62770.html
July 29, 2014
Elementis today announced its interim six-month results, reporting a 5% rise in operating profit, to $76.8 million. Sales were up 3%, to $400 million, while operating margin, at 19%...
http://www.chemweek.com/home/top_of_the_news/Elementiss-profits-and-revenues-rise_62769.html
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