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October 31, 2014
Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, says its net profits increased by 21.7% in its fiscal first half, ended 30 September, compared with the year-ago...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-reports-rise-in-profits-sales_65012.html
October 31, 2014
Lonza, in its business update announcement for the third quarter, says that business performance in the specialty ingredients and the pharma and biotech segments remained on track. The...
http://www.chemweek.com/home/top_of_the_news/Lonzas-business-performance-on-track-to-retain-wood-protection-business_65010.html
October 31, 2014
Sinopec’s chemicals segment reports an operating loss of 3.51 billion renminbi ($577 million) in the first nine months of 2014 compared with an operating loss of Rmb59 million in...
http://www.chemweek.com/home/top_of_the_news/Sinopecs-chemicals-segment-nine-month-loss-widens_65009.html
October 30, 2014
ExxonMobil says it has broken ground on the previously announced halobutyl rubber and hydrogenated hydrocarbon resin production plants at the company’s petrochemical complex in...
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-breaks-ground-on-halobutyl-rubber-and-hydrocarbon-resin-plants-in-Singapore_65008.html
October 30, 2014
Eastman Chemical’s third-quarter net earnings fell 31%, to $212 million, due to the one-time impact of restructuring changes, Operating earnings were $427 million, up 5.4% YOY on higher advanced materials and adhesives and plasticizers earnings. Eastman says it now expects full-year earnings to “approach $7/share,” toward the higher end of previous estimates....
http://www.chemweek.com/home/top_of_the_news/Eastman-earnings-fall-on-one-time-charges-full-year-outlook-remains-strong_65007.html
October 30, 2014
Methanex (Vancouver, BC) reports third-quarter income of $52 million, down 40% year-over-year (YOY) from $87 million. Sales totaled $730 million, down 4% YOY from $758 million. Adjusted earnings of 69 cents/share beat the analysts’ consensus estimate of 64 cents/share compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Methanex-earnings-down-but-beat-estimates_64970.html
October 30, 2014
A July ethylene outage at the company’s Port Arthur, TX, facility took a large chunk out of Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) third-quarter earnings. Phillips 66 reports that its chemical segment, a 50% equity interest in CPChem, turned in earnings of $230 million for the third quarter, a 29% year-over-year (YOY) decline from $324 million....
http://www.chemweek.com/home/top_of_the_news/CPChem-earnings-down-29-percent-on-Port-Arthur-outage_64958.html
October 30, 2014
The governor of Virginia Terry McAuliffe announced today that the Chinese company UniTao Pharmaceuticals has purchased the Boehringer Ingelheim plant at Petersburg and plans to invest...
http://www.chemweek.com/home/top_of_the_news/Chinese-company-buys-Boehringer-Ingelheim-plant-in-Virginia_64975.html
October 30, 2014
Bristol-Myers Squibb and Lonza today announced a multi-year expansion of their biologics manufacturing agreement. The contract expansion will include the production of commercial...
http://www.chemweek.com/home/top_of_the_news/Lonza-and-Bristol-Myers-Squibb-expand-manufacturing-agreement_64987.html
October 30, 2014
Air Products reports net income of $104 million, a 24% decline year-over-year (YOY) for its fiscal fourth quarter ended 30 September. Net income includes an after-tax charge of $256...
http://www.chemweek.com/home/top_of_the_news/Air-Products-reports-income-decline-on-Latin-American-tax-charge_64971.html
October 30, 2014
Lubrizol today announced an alliance between Lubrizol LifeSciences, a leading supplier of advanced materials for the healthcare industry, and Particle Sciences (Bethlehem, PA), an...
http://www.chemweek.com/home/top_of_the_news/Lubrizol-forms-alliance-with-Particle-Sciences-following-Vesta-acquisition_64972.html
October 30, 2014
Bayer said today that it has increased its 2014 profit forecast following a stronger-than-expected third quarter. It now expects core earnings per share (EPS) to grow by a mid-to-high...
http://www.chemweek.com/home/top_of_the_news/Bayer-raises-2014-profit-forecast-on-track-to-float-MaterialScience_64928.html
October 30, 2014
Clariant swung to profit and reported 59 million Swiss francs ($62.3 million) in net earnings for the third quarter, according to the company's results published today. The company had...
http://www.chemweek.com/home/top_of_the_news/Clariant-swings-to-profit-confirms-medium-term-targets_64938.html
October 30, 2014
Mosaic today reported third-quarter net earnings of $202 million, up 62% YOY. Earnings per share of 54 cts/share fell slightly below analyst estimates of 56 cts/share, according to...
http://www.chemweek.com/home/top_of_the_news/Mosaic-earnings-up-on-phosphates-strength_64949.html
October 30, 2014
Linde has revised down its outlook for 2014 due to weaker market conditions. The company says it will no longer be able to achieve the target it had set itself for 2014 of a return on...
http://www.chemweek.com/home/top_of_the_news/Linde-downgrades-outlook-as-third-quarter-profit-falls-by-half_64936.html
October 30, 2014
Shell has confirmed that most of the production units at the company's Moerdijk, Netherlands petrochemical complex will remain offstream for the rest of 2014 due to a previously...
http://www.chemweek.com/home/top_of_the_news/Shell-impact-of-latest-Moerdijk-incident-will-likely-last-into-2015_64937.html
October 30, 2014
Vencorex (Lyon, France) plans to expand its worldwide aliphatic isocyanates and derivatives capacity through several projects. The company will expand monomer capacity at Pont de...
http://www.chemweek.com/home/top_of_the_news/Vencorex-plans-worldwide-aliphatic-isocyanate-and-derivatives-expansion_64933.html
October 30, 2014
Showa Denko reports a 67.7% fall in net profits for the first nine months of 2014, compared with the year-ago period, to ¥2.17 billion ($20 million). Nine-month sales increased...
http://www.chemweek.com/home/top_of_the_news/Showa-Denkos-chemicals-and-petrochemicals-businesses-report-mixed-results_64935.html
October 30, 2014
Versalis (Milan), the chemicals subsidiary of ENI (Rome), today reported a slight improvement in third-quarter operating and net losses. The company reported an adjusted operating loss...
http://www.chemweek.com/home/top_of_the_news/Versalis-narrows-losses-on-lower-feedstock-costs_64934.html
October 30, 2014
Evonik Industries says it increased sales in third-quarter 2014 to €3.24 billion ($4.13 billion), compared with €3.20 billion in the year-ago quarter. The company says that...
http://www.chemweek.com/home/top_of_the_news/Evonik-reports-third-quarter-sales-of-$4-13-billion-up-1-percent-Ebitda-decreases-by-3-percent_64925.html
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