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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
July 22, 2014
Tesoro (San Antonio) says it plans to produce petrochemical feedstock in its US west coast refining system. The company intends to gather intermediate feedstock, primarily reformate...
http://www.chemweek.com/home/top_of_the_news/Tesoro-to-produce-xylene-on-US-West-Coast-for-export-to-Asia_62629.html
July 22, 2014
Croda today reported lower second-quarter sales and earnings on weak consumer demand in Europe. Sales were down 5.8%, to £263.4 million ($449.6 million), while adjusted operating...
http://www.chemweek.com/home/top_of_the_news/Crodas-sales-and-earnings-down-unlikely-to-match-last-years-pretax-profit_62628.html
July 22, 2014
ZeoGas (Houston), a developer of natural gas-to-gasoline projects, has entered into a license agreement to use ExxonMobil's research and engineering subsidiary’s...
http://www.chemweek.com/home/top_of_the_news/ZeoGas-to-use-ExxonMobil-methanol-to-gasoline-technology-in-US-Gulf-Coast-project_62627.html
July 22, 2014
CB&I and Clariant announced today that their previously announced Ziegler-Natta (ZN) polypropylene (PP) catalyst production plant in Louisville, KY is on schedule to begin...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-and-Clariant-to-commission-PP-catalyst-plant-at-Louisville-next-year_62626.html
July 22, 2014
The Saudi fertilizer industry leads regional production and is set to usher in a period of strong growth and diversification, according to Abdulwahab Al Sadoun, secretary-general of...
http://www.chemweek.com/home/top_of_the_news/Saudi-Arabian-fertilizer-industry-set-for-growth-and-diversification_62630.html
July 21, 2014
Sabic today reported second-quarter net profit increased 7%, to 6.46 billion Saudi riyals ($1.72 billion), with operating profit rising 1%, to SR10.07 billion. Sales were up 7% to...
http://www.chemweek.com/home/top_of_the_news/Sabic-reports-higher-sales-and-profit-says-US-shale-unlikely-to-make-impact-for-some-time_62602.html
July 21, 2014
Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat; Doha) has signed a two-year contract with Qatar Navigation (Milaha; Doha) for the time charter of the...
http://www.chemweek.com/home/top_of_the_news/Muntajat-signs-agreement-with-Qatari-shipping-firm-to-export-ammonia_62601.html
July 21, 2014
Reliance Industries’ consolidated net profit in the first quarter of fiscal 2015 rose 13.7%, to 59.6 billion Indian rupees ($1.00 billion), compared with the year-earlier period...
http://www.chemweek.com/home/top_of_the_news/Reliance-reports-higher-sales-and-earnings-polyesters-impact-petchems-margin_62600.html
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