IHS Chemical Week

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April 29, 2015
Dow Corning reports net income for the first quarter of $185 million, down 3.1% year-on-year (YOY) from $191 million. Sales totaled $1.36 billion, down 11% YOY. The declines reflect fewer polysilicon shipments to long-term contract customers, says J. Donald Sheets, the company’s executive v.p. and CFO. “These contracts have a degree of variability when customers take their product, and recent order patterns have resulted in customer orders being concentrated in the fourth quarter," he says....
http://www.chemweek.com/home/top_of_the_news/Dow-Cornings-sales-and-earnings-down_69926.html
April 29, 2015
Praxair reports first-quarter net income $416 million, down 7.1% from the year-ago quarter because of currency impacts. Reported earnings of $1.43/share were down 5.2% year-on-year. Praxair has cut its full-year 2015 earnings forecast to $5.90–6.15/share, 5% lower at the midpoint compared with the company’s previous forecast, released in January.
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http://www.chemweek.com/home/top_of_the_news/Praxair-earnings-fall-7-percent-on-currency-impact_69925.html
April 29, 2015
DSM recorded a net loss of €70 million ($76.4 million) after exceptional items in the first quarter. Total exceptional items in the quarter amounted to €163 million before...
http://www.chemweek.com/home/top_of_the_news/DSM-records-a-net-loss-on-impairment-charge_69920.html
April 29, 2015
Crude oil price swings in recent months, combined with a devalued euro, have created a volatile, but profitable marketplace for Europe’s petrochemical producers, according to...
http://www.chemweek.com/home/top_of_the_news/IHS-Declining-oil-prices-devalued-euro-create-volatile-but-profitable-market-for-Europes-chemical-producers_69885.html
April 29, 2015
SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), says that net profits nearly doubled in the first quarter of 2015 compared with the year-ago quarter, to...
http://www.chemweek.com/home/top_of_the_news/Siam-Cements-chemicals-business-reports-huge-rise-in-profits_69918.html
April 29, 2015
Clariant swung to a net profit in the first quarter, but Ebitda and sales growth were hindered by the sharp increase in the value of the Swiss currency starting in January, as well as...
http://www.chemweek.com/home/top_of_the_news/Clariant-swings-to-a-net-profit-currency-volatility-weighs-on-Ebitda-sales-growth_69916.html
April 29, 2015
BASF today announced that it has begun trial operations at the mononitrobenzene plant within the previously announced integrated methylene di-para -phenylene isocyanate (MDI) complex...
http://www.chemweek.com/home/top_of_the_news/BASF-starts-trial-production-of-mononitrobenzene-first-precursor-plant-in-MDI-complex-at-Chongqing_69913.html
April 29, 2015
Dow Chemical says that its polyurethanes business has started up a previously announced polyether polyols plant in the Asia Industrial Estate in Rayong Province, Thailand. Utilizing...
http://www.chemweek.com/home/top_of_the_news/Dow-starts-up-polyols-production-facility-in-Thailand_69912.html
April 28, 2015
Honeywell today announced that its performance materials and technologies division has opened a previously announced manufacturing facility at Zhangjiagang, China, that produces...
http://www.chemweek.com/home/top_of_the_news/Honeywell-opens-plant-in-China-to-produce-catalysts-for-dehydrogenation-technology_69884.html
April 28, 2015
Stepan (Northfield, IL) reports net income of $21.3 million, up 63% year-on-year (YOY) from $13.0 million. Sales declined 3.5% YOY to $460.5 million. Earnings of 93 cts/share blew past the analysts’ consensus estimate of 57 cts/share. The company attributes the strong results to actions taken in 2014 to improve product mix, reduce cost, and improve efficiency. Slightly higher volumes and margins offset the impact of a stronger US dollar....
http://www.chemweek.com/home/top_of_the_news/Stepan-income-up-63-percent-beats-estimates_69886.html
April 28, 2015
Repsol (Madrid) and Grupo Kuo (Mexico City) have agreed to extend their 50-50 elastomers joint venture, Dynasol (Madrid), in which they have been partners since 1999. The jv will now...
http://www.chemweek.com/home/top_of_the_news/Repsol-Grupo-Kuo-extend-Dynasol-JV-to-focus-on-synthetic-rubber-market_69887.html
April 28, 2015
Celanese today announced that it has begun constructing a vinyl acetate ethylene (VAE) emulsions production plant at the company’s acetyls facility at Jurong Island, Singapore...
http://www.chemweek.com/home/top_of_the_news/Celanese-chooses-Singapore-for-VAE-emulsions-project_69882.html
April 28, 2015
Total has announced that adjusted net income in the company's refining and chemicals business increased more than threefold in the first quarter compared with the year-earlier period...
http://www.chemweek.com/home/top_of_the_news/Total-posts-big-increase-in-refining-chemicals-profit_69880.html
April 28, 2015
BP says that underlying replacement cost (RC) profit before interest and tax at the company's petrochemicals business soared in the first quarter to $17 million from $4 million in...
http://www.chemweek.com/home/top_of_the_news/BPs-petchem-profit-soars-on-lower-costs_69879.html
April 28, 2015
Olin reports first-quarter net income of $13.1 million, down 56% year-over-year (YOY) from $29.5 million. Sales fell 10% YOY to $518.0 million. The results included $10.4 million in costs related to the acquisition of Dow Chemical's chlor-alkali and downstream derivatives businesses, mark-to-market adjustments on stock-based compensation expense of $6.9 million, and pretax restructuring charges of $1.2 million....
http://www.chemweek.com/home/top_of_the_news/Olin-earnings-down-56-percent-YOY_69888.html
April 28, 2015
Shin-Etsu Chemical reports net profits rose 13% for the fiscal year ended 31 March compared with the previous fiscal year, to ¥128.6 billion ($1.08 billion). Full-year sales...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-rises-in-profits-and-sales_69877.html
April 28, 2015
Ecolab today reported net income up 22% year-on-year (YOY), to $233.4 million, on sales down 1%, to $3.30 billion. Adjusted earnings totaled 80 cts/share, up 8% YOY, but slightly short...
http://www.chemweek.com/home/top_of_the_news/Ecolab-falls-slightly-short-of-estimates-cuts-guidance-on-currency_69892.html
April 28, 2015
PetroChina’s refining and chemicals business reports an operating loss of 5.06 billion renminbi ($817 million) in the first quarter of 2015 compared with an operating loss of...
http://www.chemweek.com/home/top_of_the_news/PetroChinas-chemicals-business-loss-narrows_69891.html
April 28, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) and AkzoNobel have signed several agreements for the long-term production and marketing of vacuum salt and white potash, ICL announced today. The...
http://www.chemweek.com/home/top_of_the_news/ICL-AkzoNobel-sign-agreements-to-produce-market-vacuum-salt-and-white-potash_69874.html
April 28, 2015
Lonza, in its business update announcement for the first quarter of 2015, says that the year started with overall good momentum, leading to business performance fully in line with the...
http://www.chemweek.com/home/top_of_the_news/Lonza-well-positioned-to-deliver-2015-targets_69872.html
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