IHS Chemical Week

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August 8, 2014
Mexichem (Tlalnepantla, Mexico) has agreed to acquire Vestolit (Marl, Germany), Europe’s sixth-largest manufacturer of polyvinyl chloride (PVC), from private equity firm...
http://www.chemweek.com/home/top_of_the_news/Mexichem-acquires-PVC-producer-Vestolit-for-&euro219-million_62985.html
August 8, 2014
The World Trade Organization (WTO; Geneva) has rejected an appeal by China against a WTO ruling earlier this year that China's export restrictions on the key industrial raw materials...
http://www.chemweek.com/home/top_of_the_news/WTO-rejects-Chinas-appeal-of-ruling-against-rare-earth-export-restrictions_63085.html
August 8, 2014
Brahmaputra Valley Fertilizer Corp. Ltd. (BVFCL; Namrup, India) has partnered with Oil India and the Assam state government to construct a previously announced ammonia-urea complex at...
http://www.chemweek.com/home/top_of_the_news/India-advances-nitrogen-fertilizer-plans-in-Assam_63082.html
August 8, 2014
Exports of potash from Russia rose 52.9% in the first six months of the year, according to the country's Federal Customs Service. The country exported 4.76 million m.t. in the period...
http://www.chemweek.com/home/top_of_the_news/Russian-fertilizer-exports-rise-in-first-six-months_63081.html
August 8, 2014
Werner Breuers, board member of Lanxess responsible for performance polymers and advanced intermediates, will leave the company at his own request after his contract ends on 31 May...
http://www.chemweek.com/home/top_of_the_news/Lanxess-board-member-leaving_63080.html
August 7, 2014
Braskem reported 124 million reais ($54.3 million) in net profit for the second quarter, compared with a R$125-million loss one year earlier, according to the company's results...
http://www.chemweek.com/home/top_of_the_news/Braskem-swings-to-a-net-profit_63056.html
August 7, 2014
Agrium reports net earnings of $625 million for the second quarter, down 15% year-over-year (YOY) with earnings per share of $4.34/share surpassing analyst estimates of $4.11/share, as...
http://www.chemweek.com/home/top_of_the_news/Agrium-posts-strong-results-on-improved-retail-business_63054.html
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
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