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October 30, 2014
A July ethylene outage at the company’s Port Arthur, TX, facility took a large chunk out of Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) third-quarter earnings. Phillips 66 reports that its chemical segment, a 50% equity interest in CPChem, turned in earnings of $230 million for the third quarter, a 29% year-over-year (YOY) decline from $324 million....
http://www.chemweek.com/home/top_of_the_news/CPChem-earnings-down-29-percent-on-Port-Arthur-outage_64958.html
October 30, 2014
The governor of Virginia Terry McAuliffe announced today that the Chinese company UniTao Pharmaceuticals has purchased the Boehringer Ingelheim plant at Petersburg and plans to invest...
http://www.chemweek.com/home/top_of_the_news/Chinese-company-buys-Boehringer-Ingelheim-plant-in-Virginia_64975.html
October 30, 2014
Bristol-Myers Squibb and Lonza today announced a multi-year expansion of their biologics manufacturing agreement. The contract expansion will include the production of commercial...
http://www.chemweek.com/home/top_of_the_news/Lonza-and-Bristol-Myers-Squibb-expand-manufacturing-agreement_64987.html
October 30, 2014
Air Products reports net income of $104 million, a 24% decline year-over-year (YOY) for its fiscal fourth quarter ended 30 September. Net income includes an after-tax charge of $256...
http://www.chemweek.com/home/top_of_the_news/Air-Products-reports-income-decline-on-Latin-American-tax-charge_64971.html
October 30, 2014
Lubrizol today announced an alliance between Lubrizol LifeSciences, a leading supplier of advanced materials for the healthcare industry, and Particle Sciences (Bethlehem, PA), an...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-forms-alliance-with-Particle-Sciences-following-Vesta-acquisition_64972.html
October 30, 2014
Bayer said today that it has increased its 2014 profit forecast following a stronger-than-expected third quarter. It now expects core earnings per share (EPS) to grow by a mid-to-high...
http://www.chemweek.com/home/top_of_the_news/Bayer-raises-2014-profit-forecast-on-track-to-float-MaterialScience_64928.html
October 30, 2014
Clariant swung to profit and reported 59 million Swiss francs ($62.3 million) in net earnings for the third quarter, according to the company's results published today. The company had...
http://www.chemweek.com/home/top_of_the_news/Clariant-swings-to-profit-confirms-medium-term-targets_64938.html
October 30, 2014
Mosaic today reported third-quarter net earnings of $202 million, up 62% YOY. Earnings per share of 54 cts/share fell slightly below analyst estimates of 56 cts/share, according to...
http://www.chemweek.com/home/top_of_the_news/Mosaic-earnings-up-on-phosphates-strength_64949.html
October 30, 2014
Linde has revised down its outlook for 2014 due to weaker market conditions. The company says it will no longer be able to achieve the target it had set itself for 2014 of a return on...
http://www.chemweek.com/home/top_of_the_news/Linde-downgrades-outlook-as-third-quarter-profit-falls-by-half_64936.html
October 30, 2014
Shell has confirmed that most of the production units at the company's Moerdijk, Netherlands petrochemical complex will remain offstream for the rest of 2014 due to a previously...
http://www.chemweek.com/home/top_of_the_news/Shell-impact-of-latest-Moerdijk-incident-will-likely-last-into-2015_64937.html
October 30, 2014
Vencorex (Lyon, France) plans to expand its worldwide aliphatic isocyanates and derivatives capacity through several projects. The company will expand monomer capacity at Pont de...
http://www.chemweek.com/home/top_of_the_news/Vencorex-plans-worldwide-aliphatic-isocyanate-and-derivatives-expansion_64933.html
October 30, 2014
Showa Denko reports a 67.7% fall in net profits for the first nine months of 2014, compared with the year-ago period, to ¥2.17 billion ($20 million). Nine-month sales increased...
http://www.chemweek.com/home/top_of_the_news/Showa-Denkos-chemicals-and-petrochemicals-businesses-report-mixed-results_64935.html
October 30, 2014
Versalis (Milan), the chemicals subsidiary of ENI (Rome), today reported a slight improvement in third-quarter operating and net losses. The company reported an adjusted operating loss...
http://www.chemweek.com/home/top_of_the_news/Versalis-narrows-losses-on-lower-feedstock-costs_64934.html
October 30, 2014
Evonik Industries says it increased sales in third-quarter 2014 to €3.24 billion ($4.13 billion), compared with €3.20 billion in the year-ago quarter. The company says that...
http://www.chemweek.com/home/top_of_the_news/Evonik-reports-third-quarter-sales-of-$4-13-billion-up-1-percent-Ebitda-decreases-by-3-percent_64925.html
October 30, 2014
Cambrex (East Rutherford, NJ) reports a more than doubling in net profits for the third quarter of 2014 compared with the third quarter of 2013, to $8.76 million. Third-quarter sales...
http://www.chemweek.com/home/top_of_the_news/Cambrex-reports-rise-in-profits_64932.html
October 30, 2014
Higher volumes in many of its products and higher prices for some, especially solar silicon, have helped Wacker Chemie to raise its third-quarter sales and profits. Ebitda more than...
http://www.chemweek.com/home/top_of_the_news/Wacker-raises-third-quarter-sales-and-profits-expects-full-year-Ebitda-of-&euro1-billion_64930.html
October 30, 2014
Biaxplen, a subsidiary of Sibur, a leading Russian petrochemical company, has expanded its export supplies of biaxially-oriented polypropylene (BOPP) film to the European market. The...
http://www.chemweek.com/home/top_of_the_news/Siburs-subsidiary-Biaxplen-expands-BOPP-exports-to-Europe_64929.html
October 30, 2014
Nippon Shokubai says that it has signed a letter of intent with plastics manufacturer Takiron Co. (Osaka, Japan), to transfer all of the shares of its subsidiary, Nippon Polyester...
http://www.chemweek.com/home/top_of_the_news/Nippon-Shokubai-to-divest-Nippon-Polyester-subsidiary_64927.html
October 30, 2014
LG Chem (Seoul) says it has today broken ground on a previously announced electric vehicle battery plant at Nanjing, China, to meet growing demand in the world’s biggest car...
http://www.chemweek.com/home/top_of_the_news/LG-Chem-breaks-ground-on-electric-vehicle-battery-plant-in-China_64926.html
October 30, 2014
BASF and Toda Kogyo (Hiroshima, Japan), a leading developer and manufacturer of cathode materials for lithium-ion batteries, have agreed to form a joint venture for cathode active...
http://www.chemweek.com/home/top_of_the_news/BASF-and-Toda-Kogyo-agree-to-form-JV-for-cathode-active-materials-in-Japan_64924.html
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