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May 9, 2013
Mitsubishi Chemical reports a 47.5% fall in net profits for the fiscal year, ended 31 March, compared with the previous fiscal year, to ¥18.59 billion ($188.6 million). Full-year...
http://www.chemweek.com/home/top_of_the_news/Sluggish-demand-in-China-impacts-Mitsubishi-Chemical-results-profits-fall_51875.html
May 9, 2013
Teijin reports a net loss of ¥29.1 billion ($295 million) for the full fiscal year, ended 31 March, compared with a net profit of ¥11.9 billion in the previous fiscal year, due...
http://www.chemweek.com/home/top_of_the_news/Teijin-swings-to-loss_51874.html
May 9, 2013
Asahi Kasei reports a 3.6% fall in net profits for the fiscal year ended 31 March compared with the previous fiscal year, to ¥53.7 billion ($545 million). Full-year sales increased...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-reports-fall-in-profits_51873.html
May 8, 2013
Lanxess today reported first-quarter sales of €2.1 billion ($2.8 billion), a 12% decline year-on-year (YOY), and pre-exceptional Ebitda of €174 million compared with €369 million in the year-ago period, a fall of 53%...
http://www.chemweek.com/home/top_of_the_news/Lanxess-earnings-drop-on-weak-demand-measures-planned-to-cut-costs_51847.html
May 8, 2013
CF Industries today reported stronger earnings on high fertilizer demand, although low volumes in certain segments contributed to a drop in sales. Net earnings for the quarter were...
http://www.chemweek.com/home/top_of_the_news/Low-volumes-cut-CF-Industries-first-quarter-sales_51868.html
May 8, 2013
Axiall on Tuesday reported adjusted net income for the quarter totaled $45.1 million, up 63% year-on-year (YOY) from $27.6 million. Adjusted earnings per share were 75 cts/share...
http://www.chemweek.com/home/top_of_the_news/Axiall-reports-first-quarter-net-income-of-$45-million-misses-estimates_51857.html
May 8, 2013
Showa Denko recorded a 23.5% fall in net profits for the first quarter ended 31 March compared with the year-ago quarter, to ¥4.07 billion ($41.2 million). First-quarter sales...
http://www.chemweek.com/home/top_of_the_news/Showa-Denkos-chemicals-and-petrochemicals-businesses-report-higher-earnings_51845.html
May 8, 2013
Bayer MaterialScience says it is winding down its carbon nanotubes (CNT) program because “comprehensive commercialization” of the nanotechnology within Bayer’s core...
http://www.chemweek.com/home/top_of_the_news/Bayer-MaterialScience-exiting-nanotech_51858.html
May 8, 2013
Brenntag reports a 12% drop in first-quarter profit after tax compared with the same period of 2012, to almost €70 million ($92 million), on sales up 1.4%, to €2.4 billion...
http://www.chemweek.com/home/top_of_the_news/Brenntags-earnings-fall-on-weak-economy_51852.html
May 8, 2013
Williams Partners (Tulsa, OK) on Tuesday reported first-quarter net income of $321 million, down 21% year-over-year (YOY).  “NGL margins declined 50% from the first-quarter...
http://www.chemweek.com/home/top_of_the_news/Williams-Partners-net-income-down-YOY-on-NGL-margins-offset-by-olefins_51837.html
May 8, 2013
PPG Industries says its PPG Fiber Glass unit has sold its 50% interest in the PPG-Devold (Shelby, NC) fiber glass joint venture to the jv partner Hexagon Devold (Langevåg...
http://www.chemweek.com/home/top_of_the_news/PPG-sells-interest-in-PPG-Devold-joint-venture_51842.html
May 8, 2013
Evonik Industries today reported a 7% rise in first-quarter net profit, to €289 million ($378.4 million), on a 4% decline in sales, to €3.26 billion, due to the divestment of...
http://www.chemweek.com/home/top_of_the_news/Evonik-raises-profit-confirms-2013-guidance-to-exit-real-estate-business_51841.html
May 7, 2013
Evelyn Acquisition Co., a subsidiary established by Bayer HealthCare (Tarrytown, NY), for the purpose of acquiring contraceptive device maker Conceptus (Mountain View, CA) on Tuesday...
http://www.chemweek.com/home/top_of_the_news/Bayer-commences-cash-tender-offer-for-birth-control-company-Conceptus_51840.html
May 7, 2013
KBR says it has been awarded a contract by an undisclosed “leading chemical company on the Gulf Coast” to provide turnaround services for its pyrolysis gasoline (pygas)...
http://www.chemweek.com/home/top_of_the_news/KBR-awarded-turnaround-contract-for-a-pygas-unit-on-US-Gulf-Coast_51839.html
May 7, 2013
PTT Global Chemical (PTTGC; Bangkok) reported first-quarter net profit of 12.08 billion Thai baht ($408.28 million), 23% up on the year-earlier quarter. Earnings per share were Baht...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-reports-higher-first-quarter-results-outlines-strategies-prices_51838.html
May 7, 2013
OMV (Vienna) has earmarked €230 million ($301.6 million) to build a new butadiene plant at the petrochemical complex that forms part of the company's Burghausen, Germany, refinery...
http://www.chemweek.com/home/top_of_the_news/OMV-earmarks-&euro230-million-for-new-butadiene-capacity-in-Germany-and-Austria_51815.html
May 7, 2013
The final resolution has been completed in the K-Dow arbitration between Dow Chemical and the Petrochemical Industries Company (PIC; Kuwait City, Kuwait), with Dow confirming today...
http://www.chemweek.com/home/top_of_the_news/Dow-awarded-final-$2-2-billion-payment-in-K-Dow-arbitration_51816.html
May 7, 2013
Biobased plastics firm Cereplast (El Segundo, CA) says it will relocate its corporate headquarters to Seymour, IN, to save costs and move its European headquarters to Milan in order to...
http://www.chemweek.com/home/top_of_the_news/Cereplast-announces-restructuring_51817.html
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