IHS Chemical Week

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July 31, 2015
Olin reports second-quarter net income of $42 million, up 16% year-over-year (YOY), on sales of $535 million, down 6% YOY on lower chlor-alkali volumes and turnaround costs. Earnings per share of 55 cts easily beat analysts’ consensus estimate of 30 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Olins-earnings-beat-estimates_72628.html
July 30, 2015
Kraton Performance Polymers says that a cluster of operational issues took a big bite out of second-quarter earnings. The company reports a net loss for the quarter of $5.6 million, swinging year-over-year (YOY) from a net profit of $11.1 million. Sales totaled $255.9 million, down 21% YOY from $323.8 million, mainly on lower prices, but also on reduced volume. Adjusted earnings per share of 2 cts fell well short of analysts’ consensus estimate of 41 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/home/top_of_the_news/Kraton-misses-estimates-on-production-issues-reports-loss-of-$5-6-million_72568.html
July 30, 2015
ACC’s chemical activity barometer (CAB), a leading indicator of economic activity measured on a three-month moving average, increased 0.1% in July, following consecutive monthly...
http://www.chemweek.com/home/top_of_the_news/ACC-CAB-rises-modestly-in-July-signals-slow-gains-in-activity-into-early-2016_72566.html
July 30, 2015
Air Products today reported fiscal third-quarter net income up 2% year-on-year (YOY), to $318.8 million, or $1.47/share, on sales down 6%, to $2.47 billion. Excluding restructuring and...
http://www.chemweek.com/home/top_of_the_news/Air-Products-earnings-beat-estimates-despite-sales-decline_72564.html
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
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