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November 5, 2014
Ashland today reported fiscal fourth-quarter net loss of $26 million, compared with a profit of $336 million in the year-ago quarter, on sales up 5% year-on-year, to $1.5 billion...
http://www.chemweek.com/home/top_of_the_news/Ashland-beats-estimates-on-solid-specialties-Valvoline-results_65160.html
November 5, 2014
CF Industries today reported its third quarter results, indicating an increase in nitrogen revenues and higher costs. Net income of $130.9 million dropped 44% year-over-year (YOY) with...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-reports-44-percent-net-income-drop_65158.html
November 5, 2014
Teijin reports a net loss of ¥22.3 billion ($196 million) in the fiscal first half, ended 30 September, compared with a net profit of ¥4.57 billion in the year-ago period due...
http://www.chemweek.com/home/top_of_the_news/Teijin-reports-loss-due-to-restructuring-measures_65133.html
November 5, 2014
Axiall (Atlanta) says lower electrochemical unit values and higher ethylene costs cut into third-quarter volume gains. Net income totaled $44.5 million, up 6% year-on-year (YOY) from $39.0 million. Net sales also increased 6% YOY, to $1.27 billion, from $1.20 billion. Adjusted earnings per share of 72 cts were well ahead of analysts’ consensus estimate of 60 cts, compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Axiall-increases-income-6-percent-beats-estimates_65139.html
November 5, 2014
DSM at its capital markets day in London today gave more information about its strategic direction. Feike Sijbesma, chairman and CEO said that the company has transformed itself in...
http://www.chemweek.com/home/top_of_the_news/DSM-outlines-strategies-at-capital-markets-day-may-sell-caprolactam-and-acrylo-to-Ineos_65144.html
November 5, 2014
Artlant PTA, a producer of purified terephthalic acid (PTA) at Sines, Portugal, plans to restart production at its 700,000 m.t./year plant following discussions with creditors, the...
http://www.chemweek.com/home/top_of_the_news/Artlant-plans-to-restart-PTA-plant-in-Portugal_65157.html
November 5, 2014
ChangYuan Group (Shenzhen, China) has acquired HSC Corp. (Zhangjiagang, China), the leading Chinese producer of electrolyte additives for lithium ion batteries for Rmb900 million ($145...
http://www.chemweek.com/home/top_of_the_news/ChangYuan-acquires-leading-producer-of-electrolyte-additives-for-Li-ion-batteries_65156.html
November 5, 2014
Innospec reports net income of $20.8 million for its fiscal third quarter, ended 30 September, 48.6% higher year-on-year (YOY). Adjusted earnings of 77 cts/share beat a 75-cts/share...
http://www.chemweek.com/home/top_of_the_news/Innospec-income-up-48-percent_65140.html
November 5, 2014
The Arab Potash Co. (Amman) reports flat net income in the third quarter of 2014 at 26.5 million Jordanian dinars ($37.4 million). Net income in the first nine months of this year was...
http://www.chemweek.com/home/top_of_the_news/Arab-Potash-reports-flat-income-on-lower-prices-set-to-reduce-energy-costs_65135.html
November 5, 2014
AMEC (London) said today that it has extended its offer to acquire fellow engineering and construction firm Foster Wheeler until 12 November. The offer has been extended to provide...
http://www.chemweek.com/home/top_of_the_news/AMEC-extends-offer-to-buy-Foster-Wheeler-new-company-to-be-named-Amec-Foster-Wheeler_65132.html
November 5, 2014
Brenntag reports a 6% increase in net profit for the third quarter compared with the corresponding period of last year, to €86 million ($107 million), on sales up 4%, to €2.6...
http://www.chemweek.com/home/top_of_the_news/Brenntag-posts-higher-earnings-maintains-guidance_65131.html
November 5, 2014
Teijin today announced several initiatives to restructure its loss-making businesses. The measures include permanently shutting down a polycarbonate (PC) resin plant in Singapore and...
http://www.chemweek.com/home/top_of_the_news/Teijin-to-shut-polycarbonate-plant-in-Singapore-exit-dimethyl-terephthalate-business_65130.html
November 5, 2014
Pioneer Natural Resources (Dallas) said on Tuesday that it plans to divest its 50.1% share in Eagle Ford Shale Midstream (EFS Midstream) business, a joint venture in which Reliance...
http://www.chemweek.com/home/top_of_the_news/Pioneer-Reliance-to-divest-Eagle-Ford-Shale-Midstream-joint-venture_65129.html
November 5, 2014
Mitsui Chemicals reports more than a sevenfold increase in net profits for its fiscal first half, ended 30 September, compared with the year-ago period, to ¥7.40 billion ($65...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-reports-huge-rise-in-profits_65127.html
November 5, 2014
Merck KGaA (Darmstadt, Germany) says that Stefan Oschmann, head/pharma business and member of the executive board of Merck, was elected president of the International Federation of...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-deputy-CEO-elected-president-of-International-Federation-of-Pharmaceutical-Manufacturers-and-Associations_65126.html
November 5, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $4.56 million in the third quarter of 2014 compared...
http://www.chemweek.com/home/top_of_the_news/Codexis-narrows-loss_65125.html
November 5, 2014
Asahi Kasei reports a 6.3% rise in net profits for the fiscal first half, ended 30 September, compared with the year-ago period, to ¥49.5 billion ($434 million). First-half sales...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-reports-rises-in-profits-sales_65124.html
November 5, 2014
Alent (Woking, UK), a supplier of highly engineered and customized specialty chemicals and materials, today announced the appointment of Andrew Heath as CEO. Heath, who replaces Steve...
http://www.chemweek.com/home/top_of_the_news/Alent-appoints-new-CEO-issues-interim-report_65134.html
November 4, 2014
Murphy Oil (El Dorado, AR) said on Tuesday that Murco Petroleum, its wholly owned subsidiary, was unable to complete the sale of the Milford Haven refinery and terminal assets in the...
http://www.chemweek.com/home/top_of_the_news/Klesch-pulls-out-of-UK-refinery-purchase-deal-leading-to-permanent-closure_65123.html
November 4, 2014
The petrochemical business of Idemitsu Kosan reports a 46.7% fall in operating profits for the company's fiscal first half, ended 30 September, compared with the year-ago period, to...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosans-petrochemical-business-reports-fall-in-profits_65083.html
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