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November 6, 2014
Nippon Shokubai says net profits for its fiscal first half, ended 30 September, more than doubled compared with the year-ago period, to ¥7.47 billion ($65 million). First-half...
http://www.chemweek.com/home/top_of_the_news/Nippon-Shokubai-reports-huge-rise-in-profits_65167.html
November 6, 2014
Lanxess today announced its third-quarter results and confirmed that, as part of its realignment program, it plans to cut about 1,000 jobs worldwide by end 2016, accounting for 6% of...
http://www.chemweek.com/home/top_of_the_news/Lanxess-confirms-major-job-cuts-in-three-phase-realignment-program_65165.html
November 6, 2014
Sunoco Logistics has concluded open season for the company's $2.5-billion Mariner East 2 pipeline project. The pipeline will carry natural gas liquids (NGLs) from the Marcellus and Utica shale basins to the company’s Marcus Hook, PA complex. The company also says it is developing the addition of an “NGL manufacturing complex” at Marcus Hook that would include a propane dehydrogenation (PDH) plant....
http://www.chemweek.com/home/top_of_the_news/Sunoco-Logistics-moves-forward-on-Mariner-2-pipeline-plans-propane-dehydro-plant-at-Marcus-Hook_65191.html
November 6, 2014
Perrigo Co. (Dublin) and Omega Pharma (Nazareth, Belgium), one of the largest OTC healthcare companies in Europe, today announced that they have entered into a definitive agreement in...
http://www.chemweek.com/home/top_of_the_news/Perrigo-to-acquire-Omega-Pharma-for-&euro3-6-billion-creating-a-top-five-OTC-player_65189.html
November 6, 2014
PTT Global Chemical (PTTGC; Bangkok) today reported a 21% decline in third-quarter net profit to 7.59 billion Thai baht ($231.22 million) on 3% higher sales of baht145.82 billion...
http://www.chemweek.com/home/top_of_the_news/PTTGC-reports-lower-third-quarter-net-profit-plant-outages-in-Asia-help-aromatics_65183.html
November 6, 2014
Plastipak Packaging Inc., a subsidiary of Plastipak (Plymouth, MI), has been selected as the successful bidder to acquire the APPE Packaging Division of La Seda de Barcelona (El Prat...
http://www.chemweek.com/home/top_of_the_news/US-firm-selected-to-acquire-La-Sedas-packaging-division_65181.html
November 6, 2014
Petronas Chemicals (Kuala Lumpur) reports a 2.8% rise in profits for the third quarter of 2014 compared with the third quarter of 2013, to 732 million ringgit ($220 million) due to...
http://www.chemweek.com/home/top_of_the_news/Petronas-Chemicals-reports-a-slight-increase-in-profits_65180.html
November 5, 2014
Juan Luciano. Archer Daniels Midland (ADM; Chicago) says that Juan Luciano has been named the company’s next CEO, effective 1 January 2015. Luciano will succeed Patricia Woertz...
http://www.chemweek.com/home/top_of_the_news/ADM-appoints-new-CEO_65163.html
November 5, 2014
PPG Industries says it has completed the previously announced acquisition of Consorcio Comex (Mexico City), an architectural coatings company, in a transaction valued at $2.3 billion...
http://www.chemweek.com/home/top_of_the_news/PPG-completes-$2-3-billion-acquisition-of-Comex_65161.html
November 5, 2014
Kinder Morgan has bought two Jones Act tankers from Crowley Maritime for about $270 million. The deal brings Kinder Morgan’s tanker fleet to seven vessels....
http://www.chemweek.com/home/top_of_the_news/Kinder-Morgan-buys-two-more-Jones-Act-tankers-for-$270-million_65154.html
November 5, 2014
Ashland today reported fiscal fourth-quarter net loss of $26 million, compared with a profit of $336 million in the year-ago quarter, on sales up 5% year-on-year, to $1.5 billion...
http://www.chemweek.com/home/top_of_the_news/Ashland-beats-estimates-on-solid-specialties-Valvoline-results_65160.html
November 5, 2014
CF Industries today reported its third quarter results, indicating an increase in nitrogen revenues and higher costs. Net income of $130.9 million dropped 44% year-over-year (YOY) with...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-reports-44-percent-net-income-drop_65158.html
November 5, 2014
Teijin reports a net loss of ¥22.3 billion ($196 million) in the fiscal first half, ended 30 September, compared with a net profit of ¥4.57 billion in the year-ago period due...
http://www.chemweek.com/home/top_of_the_news/Teijin-reports-loss-due-to-restructuring-measures_65133.html
November 5, 2014
Axiall (Atlanta) says lower electrochemical unit values and higher ethylene costs cut into third-quarter volume gains. Net income totaled $44.5 million, up 6% year-on-year (YOY) from $39.0 million. Net sales also increased 6% YOY, to $1.27 billion, from $1.20 billion. Adjusted earnings per share of 72 cts were well ahead of analysts’ consensus estimate of 60 cts, compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Axiall-increases-income-6-percent-beats-estimates_65139.html
November 5, 2014
DSM at its capital markets day in London today gave more information about its strategic direction. Feike Sijbesma, chairman and CEO said that the company has transformed itself in...
http://www.chemweek.com/home/top_of_the_news/DSM-outlines-strategies-at-capital-markets-day-may-sell-caprolactam-and-acrylo-to-Ineos_65144.html
November 5, 2014
Artlant PTA, a producer of purified terephthalic acid (PTA) at Sines, Portugal, plans to restart production at its 700,000 m.t./year plant following discussions with creditors, the...
http://www.chemweek.com/home/top_of_the_news/Artlant-plans-to-restart-PTA-plant-in-Portugal_65157.html
November 5, 2014
ChangYuan Group (Shenzhen, China) has acquired HSC Corp. (Zhangjiagang, China), the leading Chinese producer of electrolyte additives for lithium ion batteries for Rmb900 million ($145...
http://www.chemweek.com/home/top_of_the_news/ChangYuan-acquires-leading-producer-of-electrolyte-additives-for-Li-ion-batteries_65156.html
November 5, 2014
Innospec reports net income of $20.8 million for its fiscal third quarter, ended 30 September, 48.6% higher year-on-year (YOY). Adjusted earnings of 77 cts/share beat a 75-cts/share...
http://www.chemweek.com/home/top_of_the_news/Innospec-income-up-48-percent_65140.html
November 5, 2014
The Arab Potash Co. (Amman) reports flat net income in the third quarter of 2014 at 26.5 million Jordanian dinars ($37.4 million). Net income in the first nine months of this year was...
http://www.chemweek.com/home/top_of_the_news/Arab-Potash-reports-flat-income-on-lower-prices-set-to-reduce-energy-costs_65135.html
November 5, 2014
AMEC (London) said today that it has extended its offer to acquire fellow engineering and construction firm Foster Wheeler until 12 November. The offer has been extended to provide...
http://www.chemweek.com/home/top_of_the_news/AMEC-extends-offer-to-buy-Foster-Wheeler-new-company-to-be-named-Amec-Foster-Wheeler_65132.html
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