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July 30, 2015
Methanex posted net income attributed to shareholders of $104 million, down 17% year-on-year (YOY). Revenue of $638 million was down 19% YOY. Reported adjusted earnings of 56 cts/share...
http://www.chemweek.com/home/top_of_the_news/Methanex-earnings-miss-estimates-on-production-shortfalls_72563.html
July 30, 2015
Energy and chemicals major ENI (Rome) on Thursday said that Versalis (Milan), its chemicals business, is benefiting from the turnaround programs and business restructuring carried out...
http://www.chemweek.com/home/top_of_the_news/Versalis-swings-to-profit-benefits-from-shutdowns-Porto-Marghera-restart_72544.html
July 30, 2015
Air Liquide reported €4.12 billion ($4.55 billion) in revenues for the second quarter, up 3.4% year-on-year (YOY) on a comparable basis, driven by higher sales across all...
http://www.chemweek.com/home/top_of_the_news/Air-Liquides-quarter-two-revenue-up-driven-by-growth-in-emerging-markets_72556.html
July 30, 2015
Privately owned industrial gases producer, Messer (Bad Soden, Germany) together with BLRT Group, one of the biggest industrial holdings in the Baltic States, have invested around...
http://www.chemweek.com/home/top_of_the_news/Messer-commissions-oxygen-plant-in-Estonia_72561.html
July 30, 2015
PhosAgro (Moscow) on Thursday reported a 9.7% increase in production and sales of fertilizers in the first six months of this year, with both reaching 3.4 million m.t. Production...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-raises-fertilizer-output-in-first-six-months_72559.html
July 30, 2015
Industrial gases company Taiyo Nippon Sanso (Tokyo) says that it has agreed to acquire Renegade Gas Pty (RGP; Ingleburn, Australia), a liquefied petroleum gas (LPG) and industrial...
http://www.chemweek.com/home/top_of_the_news/Taiyo-Nippon-Sanso-acquires-industrial-gases-company-in-Australia_72543.html
July 30, 2015
Clariant says that its second-quarter net income dropped to 56 million Swiss francs in the second quarter from SF74 million in the corresponding period of last year. Ebitda before...
http://www.chemweek.com/home/top_of_the_news/Strong-Swiss-franc-weighs-on-Clariants-second-quarter-results-earnings-soar-in-local-currencies_72555.html
July 30, 2015
Quaker Chemical (Conshohocken, PA) says that it has acquired Verkol (Bera, Spain), a leading specialty grease and lubricants manufacturer and marketer based in Northern Spain, for...
http://www.chemweek.com/home/top_of_the_news/Quaker-acquires-specialty-grease-and-lubricants-manufacturer-in-Spain_72557.html
July 30, 2015
Cambrex (East Rutherford, NJ) reports net profits of $19.66 million for the second quarter of 2015, which is unchanged compared with the second quarter of 2014. Second-quarter sales...
http://www.chemweek.com/home/top_of_the_news/Cambrex-reports-flat-profits_72554.html
July 30, 2015
Royal Dutch Shell says that it will cut 6,500 jobs this year, almost 7% of its total workforce, as part of additional cost-cutting plans designed to offset the impact of a prolonged...
http://www.chemweek.com/home/top_of_the_news/Shell-to-cut-6500-jobs-group-wide-in-response-to-continued-low-oil-prices_72553.html
July 30, 2015
Idemitsu Kosan (Tokyo) on Thursday announced that it is acquiring one-third stake in refiner Showa Shell Sekiyu (Tokyo) from Royal Dutch Shell for ¥169 billion ($1.4billion). The...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosan-acquires-Shells-stake-in-Showa-Shell-for-$1-4-billion_72551.html
July 30, 2015
Methanol Chemicals Co. (Chemanol) reported a second-quarter net loss of 21.41 million Saudi riyals ($5.7 million) compared with a net profit of SR15.86 million in the year-earlier...
http://www.chemweek.com/home/top_of_the_news/Saudi-methanol-producer-swings-to-loss-on-price-decline_72550.html
July 30, 2015
Reliance Industries (Mumbai) is contemplating the sale of its shale gas holdings in the United States, according to Indian press reports. Reliance, in response to a request...
http://www.chemweek.com/home/top_of_the_news/Reliance-Industries-to-offload-US-shale-gas-business_72546.html
July 30, 2015
Showa Denko says that it has decided to dissolve its subsidiary Baotou Showa Rare Earth High-Tech New Material Co. (BSR; Baotou, China). BSR, which was established in 2002, produces...
http://www.chemweek.com/home/top_of_the_news/Showa-Denko-to-dissolve-rare-earths-subsidiary-in-China_72545.html
July 30, 2015
Kemira says that Kim Poulsen has been appointed president of the company’s paper segment and Asia/Pacific region and a member of the management board, effective 1 November...
http://www.chemweek.com/home/top_of_the_news/Kemira-appoints-president-of-paper-business-and-AsiaPacific-region_72548.html
July 29, 2015
Chemtura posted second-quarter net income of $18 million, down 58% from the same year-ago quarter due mainly to the sale of its agrochemicals business. Net sales were $454 million, down 24%. The company says its core segments, which exclude agrochemical manufacturing, posted a strong quarter with adjusted Ebitda of $60 million, up 13% YOY....
http://www.chemweek.com/home/top_of_the_news/Chemtura-earnings-fall-on-sale-of-agchems_72539.html
July 29, 2015
Huntsman reports net income of $29 million for the second quarter, down 76% year-on-year (YOY). Sales totaled $2.74 billion, down 8.2% YOY from $2.99 billion on lower selling prices and sales volume as well as currency effects. Adjusted earnings of 63 cts/share increased 6.8% YOY and beat analysts’ consensus estimate of 55 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Huntsman-earnings-beats-consensus-despite-lower-prices-volume_72517.html
July 29, 2015
Solvay announces on Wednesday that it will stop producing sodium percarbonate at Rosignano, Italy, by the end of the first quarter of 2016. The company cites the lower use of powder...
http://www.chemweek.com/home/top_of_the_news/Solvay-to-close-sodium-percarbonate-plant-in-Italy_72515.html
July 29, 2015
H.B. Fuller on Wednesday announced that it broke ground on an adhesives manufacturing facility at Surabaya, Indonesia. The company anticipates production of hot melt and water-based...
http://www.chemweek.com/home/top_of_the_news/H-B-Fuller-builds-adhesives-facility-in-Indonesia_72514.html
July 29, 2015
Solvay reports consolidated net income of €164 million ($181.4 million) in the second quarter, swinging from a €331-million loss in the same period last year, according to...
http://www.chemweek.com/home/top_of_the_news/Solvay-swings-to-a-net-profit-sales-up-on-currency-effects_72508.html
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