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July 25, 2014
Mexichem has reported a 52% decrease in second-quarter net earnings, $50 million, hurt by foreign exchange and higher amortization following acquisitions. Net income from continuing...
http://www.chemweek.com/home/top_of_the_news/Mexichem-reports-lower-earnings-to-benefit-from-antidumping-ruling-against-Chinese-refrigerant-gas-producers_62716.html
July 25, 2014
PhosAgro (Moscow), a leading fertilizer producer, says production and sales in the first half of this year rose 3.4% and 3.9%, respectively. Production reached 3.08 million m.t. and...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-reports-higher-production-on-strong-fertilizer-demand_62715.html
July 25, 2014
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 77.2% fall in operating profits for the second quarter of 2014 compared with the...
http://www.chemweek.com/home/top_of_the_news/SK-Global-Chemical-reports-huge-fall-in-operating-profits_62712.html
July 25, 2014
China's National Energy Administration (NEA; Beijing) has told local authorities to curb irrationally developing coal-to-oil and coal-to-gas projects, after new technology sparked an...
http://www.chemweek.com/home/top_of_the_news/China-to-curb-investment-in-small-scale-coal-based-projects_62711.html
July 25, 2014
Olin (Clayton, MO) reports a 16% year-over-year (YOY) decline in second-quarter income, the result of weak results in the chlor-alkali segment. Sales declined across the board. However, earnings of 46 cts/share beat the analysts’ consensus estimate of 45 cts/share, as reported by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Olin-earnings-down-on-weak-chlor-alkali_62710.html
July 24, 2014
A rally in Dow Chemical’s share price, helped by yesterday’s strong second-quarter earnings report, has put the company in a position to convert $4 billion in preferred...
http://www.chemweek.com/home/top_of_the_news/Dow-share-gains-could-allow-it-to-retire-expensive-preferred-shares_62701.html
July 24, 2014
Airgas today reported fiscal first-quarter 2015 net earnings of $88.9 million, up 5% year-on-year (YOY), on sales up 3% YOY, to $1.3 billion. Sales growth can be attributed to...
http://www.chemweek.com/home/top_of_the_news/Airgas-earnings-up-5-percent_62695.html
July 24, 2014
PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-earnings-down-YOY-but-above-guidance_62697.html
July 24, 2014
M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....
http://www.chemweek.com/home/top_of_the_news/Italian-court-nullifies-Invistas-barrier-patent-says-M-and-G_62699.html
July 24, 2014
ENI (Rome) announced today that its chemicals production subsidiary Versalis (Milan) has signed a cooperation agreement with CB&I under which CB&I will market and provide...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-to-market-Versaliss-LDPE-and-EVA-technologies-in-North-America_62692.html
July 24, 2014
Shin-Etsu today reported its financial results for the first fiscal quarter, ended 30 June. Consolidated net income was up 2.8%, to ¥32.9 billion ($324.1 million), on 8.7% higher...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-higher-sales-and-earnings_62690.html
July 24, 2014
S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex...
http://www.chemweek.com/home/top_of_the_news/S-Oil-swings-to-profit-to-diversify-portfolio-with-olefins-complex_62689.html
July 24, 2014
BASF Shanghai Coatings, a joint venture between BASF Group and Shanghai Huayi Fine Chemical, today inaugurated its automotive coatings plant at the Shanghai chemical industry park. The...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-&euro50-million-automotive-coatings-plant-at-Shanghai_62688.html
July 24, 2014
Mitsui Chemicals, on 23 July, officially opened its previously announced plant at Tianjin, China, to produce spunbonded nonwoven fabrics. Plans for the new plant were announced in...
http://www.chemweek.com/home/top_of_the_news/Mitsui-Chemicals-opens-plant-to-produce-spunbonded-nonwoven-fabrics-at-Tianjin_62687.html
July 24, 2014
JSR (Tokyo) says that a 19-year-old employee of the company died in an accident on 23 July at the company’s synthetic rubber manufacturing facility at Yokkaichi, Japan. The...
http://www.chemweek.com/home/top_of_the_news/JSR-employee-killed-in-accident-at-synthetic-rubber-plant-in-Japan_62686.html
July 24, 2014
Badger Licensing (Boston), a joint venture between affiliates of Technip and ExxonMobil Chemical, has been selected by Cepsa Química's (Madrid) Shanghai chemical affiliate...
http://www.chemweek.com/home/top_of_the_news/Badger-to-provide-technology-for-cumene-plant-in-China_62683.html
July 24, 2014
Lonza recorded net profits of 140 million Swiss francs ($155 million) for the first half of 2014 compared with profits of SF41 million in the first half of 2013. Sales for the first...
http://www.chemweek.com/home/top_of_the_news/Lonza-reports-huge-rise-in-profits_62691.html
July 23, 2014
Air Products chairman and CEO Seifi Ghasemi, who took the helm of the company on 1 July, says that a focus cash generation and improved capital allocation will drive company strategy....
http://www.chemweek.com/home/top_of_the_news/New-Air-Products-CEO-says-emphasis-on-cash-and-capital-allocation-to-guide-strategy_62682.html
July 23, 2014
Calabrian (Kingwood, TX) is expanding sulfur dioxide (SO2) production at its Port Neches, TX, plant by 50%. The company expects the multimillion dollar expansion to be online by the end of the year....
http://www.chemweek.com/home/top_of_the_news/Calabrian-to-expand-sulfur-dioxide-production-by-50-percent_62679.html
July 23, 2014
The Savola Group (Jidda, Saudi Arabia) on Tuesday signed a nonbinding memorandum of understanding (MOU) and commenced exclusive discussions with Takween Advanced Industries (Al Khobar...
http://www.chemweek.com/home/top_of_the_news/Takween-Advanced-Industries-to-acquire-Savolas-plastics-packaging-business_62653.html
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