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April 24, 2014
Eastman today announced its first quarter results, with net income dropping 6% year-on-year (YOY), to $233 million. Reported adjusted earnings of $1.61/share were 1 ct below the year-ago quarter but above analyst estimates of $1.58/share, according to Thomson Reuters (New York). Sales of $2.3 billion were flat YOY....
http://www.chemweek.com/home/top_of_the_news/Eastman-earnings-down-on-flat-sales-in-first-quarter_60585.html
April 24, 2014
Olin (Clayton, MO) has reports year-over-year (YOY) declines in sales and income for the first quarter, but earnings of 37 cts/share beat the analysts’ consensus estimate of 33 cts/share. The company has also announced a three-year, eight million-share repurchase program....
http://www.chemweek.com/home/top_of_the_news/Olin-first-quarter-sales-earnings-down-on-chlor-alkali-products_60577.html
April 24, 2014
Lonza, in its business update announcement for the first quarter of 2014, says that the year 2014 started with a good momentum, leading to a better business performance than the...
http://www.chemweek.com/home/top_of_the_news/Demand-growth-boosts-Lonzas-first-quarter-performance_60514.html
April 24, 2014
PetroLogistics (Houston) reports strong sales and high volumes for the first quarter. Soaring feedstock costs took a deep bite out of margins, but the company beat the analysts’ consensus of 33 cts/share, turning in earnings of 37 cts/share....
http://www.chemweek.com/home/top_of_the_news/PetroLogistics-reports-strong-first-quarter-despite-high-propane-costs_60550.html
April 24, 2014
Air Products told investors on its earnings call 23 April that the search for its next CEO continues. Air Products announced last September that current CEO John McGlade will...
http://www.chemweek.com/home/top_of_the_news/Air-Products-says-search-for-CEO-on-track_60540.html
April 24, 2014
PotashCorp today reported net income of $340 million for its first quarter, down 38% year-over-year (YOY), with earnings per share of 40 cts/share, rising above analyst estimates of 36...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-reports-earnings-drop-raises-full-year-guidance_60537.html
April 24, 2014
Nippon Shokubai has announced a new long-term business plan through 2020, along with a shorter term action plan covering the next three years. The company has reconfirmed safety as a...
http://www.chemweek.com/home/top_of_the_news/Nippon-Shokubai-sets-targets-under-new-business-plan_60536.html
April 24, 2014
Deepak Fertilisers and Petrochemicals (Pune, India), which now holds a 25.3% stake in Mangalore Chemicals and Fertilizers (MCFL; Mangalore, India), is making an open offer to...
http://www.chemweek.com/home/top_of_the_news/Battle-looms-for-control-of-Mangalore-Chemicals-and-Fertilizers_60522.html
April 24, 2014
Air Liquide has reported €3.73 billion ($5.16 billion) in revenue during the first quarter, up 6.2% year-on-year (YOY) on a comparable—growth, excluding currency, natural...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-confirms-2014-growth-target-supported-by-higher-first-quarter-sales_60518.html
April 24, 2014
Output of chemicals in the European Union increased in January 2014 for the fourth consecutive month, or 3.3% year-on-year (YOY), according to Cefic. Chemical sales in December 2013...
http://www.chemweek.com/home/top_of_the_news/Cefic-EU-chemical-output-increases-for-fourth-consecutive-month-update_60493.html
April 24, 2014
Shin-Etsu Chemical reports a 7.5% rise in net profits for the fiscal year ended 31 March 2014 compared with the previous fiscal year, to ¥113.61 billion ($1.1 billion). Full-year...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-rise-in-profits-and-sales_60517.html
April 24, 2014
A groundbreaking ceremony has been held for a project that includes an ethane cracker, and polyethylene (PE) and polypropylene (PP) production facilities, at Kiyanly, Turkmenistan...
http://www.chemweek.com/home/top_of_the_news/Groundbreaking-ceremony-held-for-$3-4-billion-petchem-complex-in-Turkmenistan_60487.html
April 24, 2014
OCI (Seoul) reports a net profit of 32 billion South Korean won ($30.7 million) in the first quarter of 2014, compared with a net loss of about won31 billion in the corresponding...
http://www.chemweek.com/home/top_of_the_news/OCI-swings-to-profit_60516.html
April 24, 2014
Mesaieed Petrochemical Holding Co. (MPHC; Doha), a listed subsidiary of Qatar Petroleum and one of the leading diversified petrochemical conglomerates, says its first quarter net...
http://www.chemweek.com/home/top_of_the_news/Mesaieed-Petrochemical-reports-first-quarter-results_60515.html
April 24, 2014
Uralchem (Moscow) a leading producer of nitrogen and phosphate fertilizers, reported lower sales and earnings for the whole of 2013 citing difficult market conditions. Net profit was...
http://www.chemweek.com/home/top_of_the_news/Uralchem-reports-lower-sales-and-earnings_60513.html
April 24, 2014
PhosAgro (Moscow) reported higher first-quarter results with fertilizer output up 5.2% and sales 0.6% higher compared with the corresponding period of 2013. Total fertilizer output...
http://www.chemweek.com/home/top_of_the_news/PhosAgro-raises-fertilizer-output-in-first-quarter_60512.html
April 23, 2014
Praxair had first-quarter net income of $448 million, up 8% year-on-year (YOY). Reported earnings of $1.51/share are in line with analyst consensus, according to Thomson Reuters (New...
http://www.chemweek.com/home/top_of_the_news/Praxair-earnings-up-on-North-American-chemicals-growth_60489.html
April 23, 2014
Dow Chemical reports higher first-quarter profits, driven by gains in most segments as well as productivity and cost-control actions. Adjusted earnings of 79 cts/share increased 14% year-on-year (YOY), easily beating the analysts’ consensus estimate of 70 cts/share. Sales increased 1% YOY, to $14.5 billion. Net income increased 75% YOY, to $964 million....
http://www.chemweek.com/home/top_of_the_news/Dow-reports-75-percent-gain-in-first-quarter-net-income-handily-beats-estimates_60485.html
April 23, 2014
W.R. Grace says extreme weather during the first quarter that negatively impacted North American construction activity and caused manufacturing closures at a Maryland refinery...
http://www.chemweek.com/home/top_of_the_news/Grace-profits-fall-15-percent-on-weather-related-impacts_60509.html
April 23, 2014
DuPont Chemicals & Fluoroproducts (DC&F) announced today that it has won a Teflon patent and trademark infringement case against the cookware and home appliances company...
http://www.chemweek.com/home/top_of_the_news/DuPont-wins-Teflon-patent-and-trademark-infringement-case-against-Italian-cookware-producer_60484.html
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