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January 29, 2015
Galmed Pharmaceuticals (Tel Aviv), a company focused on developing and commercializing a once-daily, oral medication to treat liver diseases and cholesterol gallstones, says that it...
http://www.chemweek.com/home/top_of_the_news/Galmed-and-Perrigo-sign-API-manufacturing-deal_67309.html
January 29, 2015
Royal Dutch Shell says that it is curtailing its group-wide investment by $15.0 billion over the next three years because of falling oil prices. Organic investment is expected to be...
http://www.chemweek.com/home/top_of_the_news/Shell-to-curtail-spending-by-$15-billion-over-next-three-years-chemical-earnings-slide-on-Moerdijk-shutdowns_67308.html
January 29, 2015
Modernization of the Toxic Substances Control Act (TSCA), the chemicals management law in the United States, was a major topic at Wednesday’s ACI issues briefing, held during...
http://www.chemweek.com/home/top_of_the_news/ACI-2015-TSCA-reform-tops-regulatory-agenda_67323.html
January 29, 2015
The European Commission said on Wednesday that it has cleared both GlaxoSmithKline's (GSK) proposed acquisition of Novartis's vaccines business and the proposed creation of...
http://www.chemweek.com/home/top_of_the_news/EU-conditionally-approves-GSK-Novartis-deals_67307.html
January 29, 2015
Stolt-Nielsen says its fourth-quarter 2014 net profit attributable to shareholders plunged to $13 million from $35 million in the corresponding quarter of 2013, on revenue of $532...
http://www.chemweek.com/home/top_of_the_news/Stolt-Nielsen-posts-fourth-quarter-profit-decline-lower-fuel-costs-to-boost-earnings-this-year_67320.html
January 29, 2015
Air Products raised the lower end of its guidance range for fiscal 2015 to $6.35-$6.55/share, up from the $6.30-$6.55/share range set in October....
http://www.chemweek.com/home/top_of_the_news/Air-Products-beats-estimates-with-17-percent-earnings-gain_67314.html
January 29, 2015
PotashCorp reports net income increased 80.0% year-on-year, to $407 million, on sales up 23.4% YOY, to $1.9 billion. Adjusted earnings of 49 cts/share was 81.5% higher YOY and beat the...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-profits-jump-80-percent_67322.html
January 29, 2015
Lanxess expects Ebitda pre-exceptionals to be higher than previously anticipated for fourth-quarter and fiscal 2014, the company says in a preliminary results announcement. Ebitda...
http://www.chemweek.com/home/top_of_the_news/Lanxesss-earnings-for-fiscal-2014-to-exceed-expectations_67305.html
January 29, 2015
Shin-Etsu Chemical reports an 8.1% rise in net profits for the nine months ended 31 December 2014 compared with the year-ago period, to ¥100.0 billion ($844.3 million). Nine-month...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-rises-in-profits-and-sales_67304.html
January 29, 2015
Sherwin-Williams (SW) today reported fourth-quarter net income up 14.3% year-on-year (YOY), to $132.7 million, on sales up 4.6%, to $2.57 billion. Earnings totaled $1.37/share...
http://www.chemweek.com/home/top_of_the_news/Sherwin-Williams-earnings-rise-but-miss-estimates_67317.html
January 29, 2015
Flavors and fragrances firm Givaudan today said it performed solidly in 2014 in a challenging environment. Net income rose 15%, to 563.0 million Swiss francs ($617.0 million), in 2014...
http://www.chemweek.com/home/top_of_the_news/Givaudan-reports-solid-performance-in-2014_67302.html
January 29, 2015
India will implement antidumping duties on acetone imported from Taiwan and Saudi Arabia, the Directorate General of Antidumping and Allied Duties (New Delhi) says. The Taiwanese...
http://www.chemweek.com/home/top_of_the_news/India-slaps-antidumping-duties-on-acetone-from-Taiwan-and-Saudi-Arabia_67290.html
January 29, 2015
(L-R) Jeff Knight, senior v.p. of BASF dispersions & pigments, Asia/Pacific; Markus Kramer, president of BASF dispersions & pigments; Mohd Shukri Mohd Masbah, general manager...
http://www.chemweek.com/home/top_of_the_news/BASF-starts-up-polymer-dispersions-plant-in-Malaysia_67301.html
January 29, 2015
Wacker Chemie announced today that its fourth-quarter Ebitda rose by 14%, to €180.0 million ($203.2 million), compared with the year before. Sales advanced by...
http://www.chemweek.com/home/top_of_the_news/Wacker-lifts-fourth-quarter-full-year-sales-and-earnings-on-strong-demand-and-prices_67299.html
January 29, 2015
Evonik Industries says that it has invested in Nanocomp (Lehmo, Finland) and now holds a minority stake in the company. Nanocomp is a privately held company established in 1997 and...
http://www.chemweek.com/home/top_of_the_news/Evonik-invests-in-nanophotonics-company-in-Finland_67294.html
January 29, 2015
Styrene cargoes have been offered from overseas into Asia at more competitive prices than cargoes of Asian product, although concerns over transit time, forward pricing risk, and...
http://www.chemweek.com/home/top_of_the_news/Offers-from-Europe-US-weigh-on-Asias-styrene-markets_67293.html
January 29, 2015
Executives at international cleaning products associations say that harmonizing regulatory and sustainability standards across different countries will be a key focus in 2015. Association executives also pointed to initiatives in individual countries or regions, such as Registration, Evaluation, and Authorisation of Chemicals (Reach) in Europe or education about proper use of cleaning products in Brazil. The executives spoke Tuesday at the global issues briefing at ACI’s annual conference in Orlando, FL....
http://www.chemweek.com/home/top_of_the_news/ACI-2015-Standards-harmonization-key-to-international-agenda_67287.html
January 29, 2015
Pöyry (Vantaa, Finland) has been awarded a contract by EnPro (Drammen, Norway) for a soda ash manufacturing plant, the company announced today. The plant will be located at...
http://www.chemweek.com/home/top_of_the_news/EnPro-awards-contract-for-novel-soda-ash-plant-in-Norway_67313.html
January 29, 2015
Cabot reports net sales for the fiscal first quarter ended 31 December 2014 of $812 million, down 10% year-on-year (YOY) from $898 million. Net income totaled $45 million, down 44% YOY from $80 million. Adjusted earnings were 80 cents/share, beating analysts’ consensus of 65 cts/share as compiled by Thomson Reuters (New York). The company says that an 11-ct/share adjustment principally reflected charges associated with a pension settlement and restructuring....
http://www.chemweek.com/home/top_of_the_news/Cabot-income-drops-on-weakness-in-Europe-South-America_67288.html
January 28, 2015
Praxair fourth-quarter earnings dropped on weakness outside of North America and the negative currency effects, and the company’s outlook for 2015 fell below expectations...
http://www.chemweek.com/home/top_of_the_news/Praxair-meets-estimates-but-2015-outlook-disappoints_67275.html
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