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July 31, 2014
Williams has pushed back restarting its Geismar, LA, cracker to September in order to install safety-related equipment, the company says in its second-quarter earnings release. Williams aims to begin ethylene production and sales in October....
http://www.chemweek.com/home/top_of_the_news/Williams-postpones-Geismar-restart-to-add-safety-equipment_62897.html
July 31, 2014
Mex Gas Supply, a subsidiary and the commercial arm of Pemex Gaz y Petroquímica Básica (PGPB; Mexico City), will establish a joint venture with Mercuria (Geneva) and JP...
http://www.chemweek.com/home/top_of_the_news/Pemex-establishes-JV-to-import-natural-gas-from-the-US_62872.html
July 31, 2014
Methanex reports year-on-year gains in second-quarter sales and income, but production constraints and weak pricing left adjusted earnings, at 94 cts/share, short of the analysts’ consensus estimate of $1.01/share compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Methanex-earnings-fall-short-of-estimates-on-pricing-and-production_62889.html
July 31, 2014
Mosaic today reported its results for the second quarter, with net income of $248 million down 73% year-over-year (YOY) with earnings per share of 64 cts/share below analyst estimates...
http://www.chemweek.com/home/top_of_the_news/Mosaic-earnings-down-CEO-to-return-from-medical-leave_62873.html
July 31, 2014
Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and...
http://www.chemweek.com/home/top_of_the_news/Westlake-closes-&euro490-million-Vinnolit-acquisition_62856.html
July 31, 2014
Ube Industries reports a net loss of about ¥1.1 billion ($10.7 million) in its fiscal first quarter ended 30 June, compared with a net loss of ¥200 million in the year-ago...
http://www.chemweek.com/home/top_of_the_news/Ube-widens-loss_62857.html
July 31, 2014
Solvay says it has signed a binding agreement to sell its US-based sulfuric acid virgin production and regeneration business Eco Services to CCMP Capital Advisors, following a bidding...
http://www.chemweek.com/home/top_of_the_news/Solvay-to-sell-Eco-Services-sulfuric-acid-business-to-CCMP-Capital-Advisors_62851.html
July 31, 2014
Nippon Shokubai, a leading producer of acrylic acid and superabsorbent polymers (SAP), today announced the cancellation of its project to double SAP capacity at its Nisshoku Chemical...
http://www.chemweek.com/home/top_of_the_news/Nippon-Shokubai-cancels-China-superabsorbents-project_62854.html
July 31, 2014
Solvay today reported net sales for second-quarter 2014 of €2.64 billion ($3.54 billion), an increase of 2% year-on-year (YOY). Operating profit (adjusted Ebit) was €291...
http://www.chemweek.com/home/top_of_the_news/Solvay-reports-2-percent-rise-in-sales-adjusted-Ebit-jumps-56-percent-confirms-full-year-outlook_62852.html
July 31, 2014
Sumitomo Chemical reports an 80.7% rise in net profits for its fiscal first quarter, ended 30 June, compared with the year-ago quarter, to ¥14.05 billion ($137 million)...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-reports-huge-rise-in-profits_62853.html
July 31, 2014
Air Liquide reported €3.77 billion in revenues during the second quarter, down 2.4% year-on-year (YOY), according to the company's results published today. The figures exclude...
http://www.chemweek.com/home/top_of_the_news/Air-Liquides-quarter-two-revenue-down-2-4-percent_62850.html
July 31, 2014
Tosoh reports a 65.6% decrease in net profits for the company's fiscal first quarter ended 30 June 2014 compared with the year-ago period, to ¥2.2 billion ($21.5 million)...
http://www.chemweek.com/home/top_of_the_news/Tosoh-reports-fall-in-profits_62849.html
July 31, 2014
CB&I together with Chiyoda Corp. have been awarded a front end engineering design (FEED) services contract for a proposed liquefied natural gas (LNG) export project by Golden Pass...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-and-Chiyoda-awarded-LNG-export-project-in-the-US_62848.html
July 31, 2014
Versalis (Milan), the chemicals arm of Italy’s energy major ENI (Rome), today reported widening operating and net losses and a decline in revenues and production. The company...
http://www.chemweek.com/home/top_of_the_news/Versaliss-losses-widen-sales-and-production-decline_62847.html
July 31, 2014
Evonik Industries today reported second-quarter net income of €139 million ($186.2 million), down 28% on the year-earlier period. Sales were 1% higher at €3.25 billion...
http://www.chemweek.com/home/top_of_the_news/Evonik-Industries-reports-lower-earnings-confirms-outlook_62846.html
July 31, 2014
Showa Denko says it has decided to acquire Air Products’ high-purity chlorine business in Taiwan, in order to strengthen its special material gas business. Taiwan Showa Chemicals...
http://www.chemweek.com/home/top_of_the_news/Showa-Denko-to-acquire-Air-Products-high-purity-chlorine-business-in-Taiwan_62845.html
July 31, 2014
Tokuyama (Tokyo) reports a 76.5% rise in net profits for the company's fiscal first quarter, ended 30 June 2014, compared with the year-ago quarter, to ¥3.57 billion ($34.8...
http://www.chemweek.com/home/top_of_the_news/Tokuyama-reports-huge-rise-in-profits_62844.html
July 31, 2014
Mitsubishi Rayon says it has signed an agreement with Cross Industries (Wels, Austria), to acquire a 51% stake in its subsidiary, Wethje Holding (Hengersberg, Germany), a company...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Rayon-acquires-majority-stake-in-German-producer-of-carbon-fiber-reinforced-plastic-auto-parts_62843.html
July 30, 2014
FMC today reported net income of $109.1 million, or 81 cts/share, down 8% year-on-year (YOY), on revenues up 13%, to $987.8 million. Excluding special charges, adjusted earnings...
http://www.chemweek.com/home/top_of_the_news/FMC-earnings-rise-as-ag-rebounds-but-fall-short-of-estimates_62841.html
July 30, 2014
Cabot reports net income of $52 million, down 12% year-over-year (YOY), on sales of $940 million, up 4% YOY. Although Cabot’s reinforcement materials and performance materials segments turned in strong gains, earnings took a hit from lower volumes in advanced technologies and purification solutions. Adjusted earnings of 88 cts/share fell short of the analysts’ consensus estimate of 91 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Cabot-net-income-down-12-percent-YOY-misses-estimates_62839.html
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