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August 6, 2015
CF Industries on Thursday said that it has entered a definitive agreement with OCI (Amsterdam) under which CF will combine with OCI’s European and North American operations as...
August 6, 2015
Incitec Pivot (Melbourne, Australia) says construction of an $850 million ammonia plant at Waggaman, LA, is 75% complete. Incitec Pivot expects the 800,000-m.t./year plant, which will be operated by subsidiary Dyno Nobel, to go onstream in the third quarter of 2016....
August 6, 2015
Axiall reports adjusted earnings per share of 33 cts, well ahead of analysts’ consensus estimate of 20 cts/share, as compiled by Thomson Reuters (New York). The company also says it is considering alternatives for its building products business and that plans to divest its aromatics business remain on schedule....
August 6, 2015
Novozymes (Bagsværd, Denmark) has announced that its net profit was up 15% year-on-year (YOY), to 682 million Danish kroner ($99.4 million) during the second quarter. Ebitda was...
August 6, 2015
Koppers reports second-quarter net income of $9.0 million, up from $1.6 million in the year-ago period. Adjusted earnings of 68 cts/share beat the analysts’ consensus estimate of 51 cts/share as compiled by Thomson Reuters (New York)....
August 6, 2015
WestRock (Richmond, VA) has appointed Albemarle executive v.p. D. Michael Wilson as CEO of its Ingevity specialty chemicals unit, effective 1 September. Ingevity, the former MWV...
August 6, 2015
Braskem reports a net profit of 1.06 billion reais ($303.1 million)  in the second quarter, up from R$124 million one year earlier. The results benefited from a good operational...
August 6, 2015
Hengli Petrochemical (Dalian, China) will begin a turnaround of two of the three purified terephthalic acid (PTA) lines at its plant in Dalian starting 6 August. The restart date has...
August 6, 2015
Flavors and fragrances firm Symrise (Holzminden, Germany) has posted sales of €1.33 billion ($1.43 billion) in the first six months of this year, an increase of 41% year-on-year...
August 6, 2015
Chemours has started a strategic review that could lead to sale of its chemical solutions segment excluding the cyanide business. The review was announced as part of a restructuring program that targets annualized cost savings of $350 million and incremental Ebitda improvement of $450 million by 2017. Chemours also said today its quarterly dividend going forward would be “significantly less” than the $100-million declared when the company was still part of DuPont....
August 6, 2015
Cepsa (Madrid), a subsidiary of International Petroleum Investment Co. (Abu Dhabi), says robust refining margins, cost containment, and deferred investments helped lift its earnings in...
August 6, 2015
OCI NV has provided further details about the businesses it will not transfer to the new CF, in the merger transaction, which will create the world’s largest nitrogen player. OCI...
August 6, 2015
Brenntag reports a 32% increase in net profit in the second quarter, compared with the corresponding period of last year, to €108.1 million on sales up 8%, to €2.7 billion...
August 6, 2015
The United Kingdom’s £50-billion ($78.1 billion) chemical and pharmaceutical industry continues to grow solidly this year, according to the Chemical Industries Association...
August 6, 2015
Sumitomo Seika Chemicals (Osaka) reports a 21% rise in net profits for the fiscal first quarter, ended 30 June 2015, compared with the year-ago quarter, to ¥1.05 billion ($8.42...
August 6, 2015
Lanxess on Thursday reported higher than first forecast sales and earnings and gave a revised guidance for the whole of 2015. Second-quarter Ebitda pre-exceptionals was 13% higher, at...
August 6, 2015
Kuraray reports a 33% rise in net profits for the first half of 2015 compared with the first half of 2014, to ¥20.9 billion ($167.3 million). First-half sales increased 17%, to...
August 6, 2015
DIC (Tokyo) reports a 48.1% rise in net profits for the first half of 2015, compared with the first half of 2014, to ¥15.28 billion ($123 million). First-half sales increased 0.3%...
August 5, 2015
Merck KGaA (Darmstadt) on Thursday reported a 6.3% rise in second-quarter Ebitda pre exceptionals to €899.4 million ($981.5 million) on 14.4% higher sales of €3.2 billion...
August 5, 2015
Albemarle reported second-quarter earnings of $52.1 million, up 132% year-on-year (YOY) due mainly to the impact of the acquisition of Rockwood Holdings. Second-quarter adjusted Ebitda, was $95.1 million, up 9.5% YOY on strong gains in performance chemicals. Reported earnings of 84 cts/share were 2 cts above analyst estimates as reported by Thomson Reuters....
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