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October 29, 2014
Praxair reports third quarter net income of $477 million, up 6% year-over-year (YOY) on sales up 4% YOY, to $3.1 billion. Sales grew from higher volumes—including project...
http://www.chemweek.com/home/top_of_the_news/Praxair-earnings-sales-up_64897.html
October 29, 2014
Nova Chemical reports third-quarter income of $259 million, up 116% year-over-year (YOY) from $120 million, with all segments contributing to the gain. Sales totaled $1.427 billion, up 13% YOY from $1.263 billion....
http://www.chemweek.com/home/top_of_the_news/Nova-doubles-third-quarter-income_64899.html
October 29, 2014
Alujain Corp. reported a 39% drop in net third-quarter profit to 34.85 million Saudi riyals ($9.3 million) compared with the year-earlier quarter citing an insurance payment to...
http://www.chemweek.com/home/top_of_the_news/Alujains-net-profit-declines_64903.html
October 29, 2014
Sibur Holding (Moscow) will move its registered office and change its form of incorporation to a public joint stock company, Sibur announced today. After the reregistration, the...
http://www.chemweek.com/home/top_of_the_news/Sibur-moves-its-registered-office-and-changes-form-of-incorporation_64884.html
October 29, 2014
Monsanto announced today that it will invest $20 million in integrated technology centers as part of its global breeding program aimed at improving the genetic potential of seeds...
http://www.chemweek.com/home/top_of_the_news/Monsanto-invests-in-plant-breeding-centers_64901.html
October 29, 2014
Industrial gases firm Messer has signed a 25-year contract to supply oxygen and nitrogen to Hoa Phat Steel, Vietnam’s largest steel producer. Messer will build the third gases...
http://www.chemweek.com/home/top_of_the_news/Messer-to-build-air-separation-plant-in-Vietnam_64900.html
October 29, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments. “[W]e know that our businesses strongly benefit from being a part of DuPont,” DuPont chair and CEO Ellen Kullman says in the letter....
http://www.chemweek.com/home/top_of_the_news/DuPont-makes-its-case-against-further-break-up_64874.html
October 29, 2014
Johnson Matthey says that it has entered into an agreement to acquire Clariant's battery materials business for $75 million. The transaction, which is expected to be...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-to-acquire-Clariants-battery-materials-business-for-$75-million_64880.html
October 29, 2014
Ineos said today that its Ineos's Barex resins subsidiary will close its Barex resin plant at Lima, OH, in the first quarter of 2015. The plant is the sole Ineos facility that produces...
http://www.chemweek.com/home/top_of_the_news/Ineos-to-close-Barex-resin-plant-at-Lima-OH_64878.html
October 29, 2014
Hyosung Corp. (Seoul) has signed a deal to sell its packaging business to Standard Chartered Private Equity for 415 billion Korean won ($396.7 million), Hyosung said today in a filing...
http://www.chemweek.com/home/top_of_the_news/Hyosung-sells-packaging-business-to-Standard-Chartered_64895.html
October 29, 2014
Nova Chemicals says that Naushad Jamani has been named senior v.p./olefins and feedstock, effective 1 January, 2015, replacing Grant Thomson, who will be retiring at the end of 2014...
http://www.chemweek.com/home/top_of_the_news/Nova-appoints-new-senior-v-p-olefins-and-feedstock_64877.html
October 29, 2014
Ube Industries says that it will establish a subsidiary at Mexico City that will focus on developing the market for Ube products, marketing, and materials' procurement. The new...
http://www.chemweek.com/home/top_of_the_news/Ube-to-establish-subsidiary-in-Mexico_64876.html
October 29, 2014
PetroChina’s refining and chemicals business segment recorded an operating loss of 8.75 billion renminbi ($1.43 billion) in the first nine months of 2014 compared with an...
http://www.chemweek.com/home/top_of_the_news/PetroChinas-chemicals-business-narrows-loss_64892.html
October 29, 2014
Kuraray reports an 8.1% increase in net profits for its fiscal first half, ended 30 September, compared with the year-ago period, to ¥17.0 billion ($158 million). First-half sales...
http://www.chemweek.com/home/top_of_the_news/Kuraray-reports-profits-sales-rise_64875.html
October 29, 2014
BP included a $444-million impairment charge in its third-quarter accounts following a "strategic business review" of its petrochemicals business. BP's petrochemicals...
http://www.chemweek.com/home/top_of_the_news/Big-impairment-charge-aromatics-oversupply-weigh-on-BPs-petchem-earnings-plant-closures-planned_64850.html
October 29, 2014
Stolt-Nielsen plans to relocate its tankers' staff in Norwalk, CT to Houston. The move will consolidate the company's US-based staff in Houston, which is the port most frequently...
http://www.chemweek.com/home/top_of_the_news/Stolt-Nielsen-to-relocate-tanker-staff-from-Norwalk-to-Houston_64887.html
October 28, 2014
Shin-Etsu Chemical reports a 5.9% increase in net profits for the fiscal first half, ended 30 September, compared with the year-ago period, to ¥67.9 billion ($626 million)...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-rises-in-profits-sales_64851.html
October 28, 2014
Shin-Etsu Chemical says that it will construct a new R&D facility that will focus on silicones at Annaka, Japan. Shin-Etsu will invest about ¥5 billion ($47 million) to build...
http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-to-invest-$47-million-to-build-silicones-R-and-D-facility-in-Japan_64846.html
October 28, 2014
Synthomer (Harlow, UK) today warned in its interim management statement that its full-year earnings will be slightly below analysts' consensus because of weakening conditions in...
http://www.chemweek.com/home/top_of_the_news/Synthomer-warns-on-profits-as-European-demand-falters_64845.html
October 28, 2014
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 40.4% fall in operating profits for the third quarter of 2014 compared with the...
http://www.chemweek.com/home/top_of_the_news/SK-Global-Chemical-reports-fall-in-operating-profits_64844.html
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