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August 7, 2014
CF Industries says net earnings of $312.6 million for the second quarter were down 37% year-over-year (YOY) on sales of $1.5 billion down 12% YOY. Earnings per share of $6.10/share...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-sales-earnings-down_63055.html
August 7, 2014
Koppers Holdings (Pittsburgh, PA) says lower volumes and prices reduced both sales and income for the second quarter. Net income totaled $1.6 million, down 89% year-over-year (YOY) from $14.7 million, while sales totaled $356.8 million, a 4% YOY decline. Adjusted earnings totaled $8.1 million, or 39 cts/share, down 44% YOY and short of the analysts’ consensus estimate of 61 cts/share....
http://www.chemweek.com/home/top_of_the_news/Koppers-income-drops-89-percent-YOY-on-volume-prices_63053.html
August 7, 2014
Kraton Performance Polymers today announced that on 6 August, its board of directors withdrew its prior recommendation that Kraton's stockholders approve the merger with the styrenic...
http://www.chemweek.com/home/top_of_the_news/Kraton-decides-against-merger-with-LCY-Chemicals-SBC-business_63051.html
August 7, 2014
Brenntag posted second-quarter profit after tax of €81 million, up 17% compared with the corresponding period of last year, on sales down almost 2%, to €2.5 billion. Gross...
http://www.chemweek.com/home/top_of_the_news/Brenntag-posts-higher-second-quarter-profits-forecasts-full-year-earnings-increase_63050.html
August 7, 2014
Borealis announced today that it has signed a 10-year agreement with Antero Resources (Denver, CO) to supply ethane from the United States for its flexible steam cracker at...
http://www.chemweek.com/home/top_of_the_news/Borealis-to-import-ethane-from-the-US-to-feed-ethylene-plant-in-Sweden_63046.html
August 7, 2014
Borealis has signed an agreement with DuPont Holding Netherlands to purchase the company's 67% shareholding in Speciality Polymers Antwerp (Zwijndrecht, Belgium), the company announced...
http://www.chemweek.com/home/top_of_the_news/Borealis-to-buy-DuPont-out-of-Speciality-Polymers-Antwerp_63048.html
August 7, 2014
Israel Chemicals’ (ICL; Tel Aviv) board of directors on Wednesday reiterated the company’s decision to freeze $750 million of new and previously approved investment in...
http://www.chemweek.com/home/top_of_the_news/ICL-to-freeze-investments-in-Israel-in-protest-at-proposed-new-taxes-on-natural-resources_63045.html
August 7, 2014
Israel Chemicals (ICL; Tel Aviv) today reported a major drop in second quarter earnings on lower prices and a non-recurring provision for royalties. Net profit declined to $67 million...
http://www.chemweek.com/home/top_of_the_news/Israel-Chemicals-reports-lower-sales-and-earnings_63042.html
August 7, 2014
Fragrances and flavors group Symrise (Holzminden, Germany) today reported its financial results covering the first six months of the year with net income rising 17% to €109.1...
http://www.chemweek.com/home/top_of_the_news/Symrise-earnings-rise-outlook-confirmed_63044.html
August 7, 2014
DIC (Tokyo) has reported its financial results for the six-month period ended 30 June 2014. DIC decided last year to change its fiscal year-end from 31 March to 31 December, and, as a...
http://www.chemweek.com/home/top_of_the_news/DIC-reports-rise-in-profits_63043.html
August 7, 2014
Toray Industries reports an 11% rise in net profits for the company’s fiscal first quarter ended 30 June 2014, compared with the year-ago period, to ¥14.71 billion ($144...
http://www.chemweek.com/home/top_of_the_news/Toray-reports-rise-in-profits-and-sales_63041.html
August 6, 2014
Trinseo (Berwyn, PA) reports a second-quarter net loss of $45 million, down from a loss of $28 million in the year-ago period. Revenues declined 2% year-over-year (YOY) to $1.3 billion. Adjusted earnings of 28 cts/share were shy of the analysts’ consensus estimate of 31 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Trinseo-reports-second-quarter-loss-of-$45-million_63038.html
August 6, 2014
OCI Resources (OCIR; Atlanta, GA) says second-quarter income and sales increased year-over-year (YOY) as higher prices and lower costs offset the effects of a production outage. Earnings of 51 cts/share were well ahead of the analysts’ consensus estimate of 45 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/OCI-Resources-beats-estimates-boosts-income-27-percent-YOY_63036.html
August 6, 2014
The month-long shutdown of Haldia Petrochemicals’ manufacturing facilities at Haldia, India, is hurting the country’s plastics industry, according to the Indian Plastics...
http://www.chemweek.com/home/top_of_the_news/Haldia-Petrochemicals-shutdown-hurting-Indian-plastics-industry_63024.html
August 6, 2014
Messer (Bad Soden, Germany), the largest privately managed industrial gases company, said today that it will invest €30 million ($40 million) in a new air separation plant in...
http://www.chemweek.com/home/top_of_the_news/Messer-builds-air-separation-plant-in-Poland_63022.html
August 6, 2014
Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium)...
http://www.chemweek.com/home/top_of_the_news/Platform-Specialty-acquires-European-crop-protection-chemicals-maker-Agriphar-for-$400-million_63021.html
August 6, 2014
PTT Global Chemical (PTTGC; Bangkok) today reported a 46% increase in second-quarter net profit, to 6.09 billion Thai baht ($188.8 million) on 36% higher revenues of baht152.4 billion...
http://www.chemweek.com/home/top_of_the_news/PTTGC-reports-higher-sales-and-profits-earnings-hurt-by-drop-in-para-xylene-prices_63019.html
August 6, 2014
Solvay Acetow, a Solvay subsidiary, has signed a worldwide cooperation agreement with Accsys Technologies (Windsor, UK) to develop a solid, high-performance wood registered as Accoya...
http://www.chemweek.com/home/top_of_the_news/Solvay-Acetow-Accsys-to-develop-high-performance-wood-Solvay-plans-production-plant_63016.html
August 6, 2014
Belaruskali (Soligorsk, Belarus) says it raised exports of potassium chloride in the first six months of the year by 46.8%, to 4.81 million m.t. The company’s output in the...
http://www.chemweek.com/home/top_of_the_news/Belaruskali-increases-export-of-potash-in-first-six-months_63013.html
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