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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
July 23, 2014
Johnson Matthey says it made progress in the first quarter of 2014/15, covering 1 April–30 June, in the face of headwinds from the effect of foreign currency translation and the...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-reports-lower-profits-flat-sales_62652.html
July 23, 2014
Syngenta today announced plans to broaden and scale up its Plene platform of integrated sugarcane solutions. Through an exclusive licensing agreement with New Energy Farms, Syngenta...
http://www.chemweek.com/home/top_of_the_news/Syngenta-expands-Plene-sugarcane-platform-with-new-agreement_62651.html
July 23, 2014
Syngenta’s net income including restructuring and impairment was $1.4 billion, 1% lower in the first six months of this year, on sales up 1%, to $8.5 billion, the company...
http://www.chemweek.com/home/top_of_the_news/Syngentas-first-half-growth-held-back-by-North-America-outlook-confirmed_62650.html
July 23, 2014
W.R. Grace reports second-quarter net income of $136.7 million, 50.6% higher year-on-year (YOY), on higher sales volumes and acquisitions. Adjusted earnings were flat YOY at...
http://www.chemweek.com/home/top_of_the_news/Higher-volumes-Unipol-acquisition-bolster-W-R-Grace-results_62676.html
July 23, 2014
AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-reports-higher-second-quarter-profits-confirms-outlook_62649.html
July 23, 2014
Praxair posted second net income of $467 million, up 5% year-over year (YOY). Reported earnings of $1.58/share were up 5% YOY but 1 ct below analyst estimates as reported by...
http://www.chemweek.com/home/top_of_the_news/Praxair-net-income-up-5-percent_62664.html
July 23, 2014
ACC today released its monthly chemical production regional index (CPRI). Following an upwardly revised 0.5% production gain in May, the US CPRI rose 0.3% in June, with output up in...
http://www.chemweek.com/home/top_of_the_news/ACC-US-chemical-production-increases-over-June_62666.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/home/top_of_the_news/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 23, 2014
Air Products reported net income of $314 million for the quarter ended 30 June, up 9% from the prior-year quarter. Revenues were up 3% year-over-year (YOY), to $2.6...
http://www.chemweek.com/home/top_of_the_news/Air-Products-net-income-up-9-percent_62663.html
July 23, 2014
PKN Orlen (PÅ‚ock, Poland) today announced its strategy for 2014–2017, which reflects the present macroeconomic conditions. The company will focus on securing a strong position...
http://www.chemweek.com/home/top_of_the_news/PKN-Orlen-unveils-strategy-may-close-money-losing-Lithuania-refinery_62654.html
July 23, 2014
State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity...
http://www.chemweek.com/home/top_of_the_news/Electricity-producer-EDF-agrees-to-cut-power-prices-for-Frances-biggest-industrial-consumers_62656.html
July 23, 2014
Merck KGaA at today’s press conference at Shanghai affirmed its commitment to China. Merck will in August hold a groundbreaking ceremony for a previously announced €80...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-affirms-commitment-to-China-will-break-ground-on-pharma-unit_62655.html
July 22, 2014
Israeli plant genomics firm Evogene (Rehovot) and biopesticide maker Marrone Bio Innovations (MBI; Davis, CA) announced today that they have signed a multiyear, collaborative agreement...
http://www.chemweek.com/home/top_of_the_news/Evogene-and-Marrone-Bio-collaborate-on-biopesticides_62638.html
July 22, 2014
DuPont reports net income of $1.1 billion, up 0.4% year-on-year (YOY). Consolidated net sales were $9.7 billion, down 1% YOY. Reported operating earnings were $1.17/share, in line with DuPont’s 26 June earnings warning and down 9% YOY. DuPont has also announced a 4.0% dividend increase....
http://www.chemweek.com/home/top_of_the_news/DuPont-posts-flat-earnings_62637.html
July 22, 2014
Output of chemicals increased 1.8% in the European Union during the first five months of 2014 compared with the corresponding period of last year, Cefic says. However, chemicals output...
http://www.chemweek.com/home/top_of_the_news/EU-production-of-chemicals-increased-in-first-five-months-but-output-slipped-in-May_62634.html
July 22, 2014
Kemira today reported its second-quarter results, with net profit down to €1.8 million ($2.4 million) from €3.7 million in the year-earlier quarter. Revenues decreased 9%, to...
http://www.chemweek.com/home/top_of_the_news/Kemira-reports-lower-profits-and-revenues-looking-for-acquisitions_62633.html
July 22, 2014
Wacker Chemie said today that it has upgraded its annual Ebitda projection. Ebitda for 2014 is now projected to be at least one-third higher than last year’s €678.7 million...
http://www.chemweek.com/home/top_of_the_news/Wacker-upgrades-annual-earnings-forecast-on-restructured-polysilicon-contracts_62631.html
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