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Archives :: World News and Views :: Top of the News
Displaying 981 - 1000 of 6757 stories.
October 25, 2012
BASF today reported a 21% drop in third quarter net income, to €946 million ($1.23 billion), on 8% higher sales, at €19 billion. Earnings per share were €1.19, compared...http://www.chemweek.com/home/top_of_the_news/-BASF-reports-lower-net-income-does-not-see-upturn-in-chemicals-demand-this-year-_47219.html October 25, 2012
Shin-Etsu Chemical reported a 9.1% rise in net profits for the fiscal first half, ended 30 September 2012, compared with the year-ago period, to ¥55.7 billion ($695 million). Sales...http://www.chemweek.com/home/top_of_the_news/Shin-Etsu-reports-rise-in-profits-sales_47222.html October 25, 2012
Mitsui & Co. (Tokyo) says that it has canceled its basic agreement with Sumitomo Corp. (Tokyo) for the integration of their fertilizer businesses in Japan. The 2 companies...http://www.chemweek.com/home/top_of_the_news/Mitsui-and-Co-Sumitomo-Corp-abandon-plans-to-merge-fertilizer-businesses_47220.html October 25, 2012
Distribution company DKSH (Zurich) says it has expanded its collaboration with Evonik Industries and, under a new framework contract, will distribute Evonik’s coatings products...http://www.chemweek.com/home/top_of_the_news/DKSH-Evonik-sign-distribution-deal-for-Asia_47215.html October 24, 2012
Dow Chemical says it plans to build a new world-scale plant for the production of metallocene-based ethylene propylene diene monomer (EPDM) at one of its US Gulf Coast sites. The plant...http://www.chemweek.com/home/top_of_the_news/Dow-to-build-US-Gulf-Coast-EPDM-plant_47212.html October 24, 2012
Stepan reported net income of $20.2 million for its fiscal third quarter, ended 30 September 2012, 6% higher than the year-ago quarter, on increased volumes of higher-value surfactants...http://www.chemweek.com/home/top_of_the_news/Higher-value-surfactants-boost-Stepan-third-quarter-results_47206.html October 24, 2012
W.R. Grace’s third-quarter net income slid 7%, to $81.3 million, compared to the same year-ago quarter, as higher volumes were offset by lower surcharges for rare earth metals...http://www.chemweek.com/home/top_of_the_news/Grace-reports-lower-profits-narrows-2012-guidance_47192.html October 24, 2012
Praxair reported third-quarter net income of $430 million, up $1 million from the year-ago quarter. Sales in the quarter were $2.8 billion, 4% below the prior-year quarter. The company reported adjusted earnings of $1.39/share, down 1% from the year-quarter and matching analyst estimates as reported by Thomson Reuters (New York). Praxair says it expects diluted earnings in the fourth quarter to be in the range of $1.35–1.40/share, below the current median analyst estimate of $1.43/share....http://www.chemweek.com/home/top_of_the_news/Praxair-posts-flat-earnings_47191.html October 24, 2012
Higher margins and a better product mix lifted PolyOne’s third-quarter earnings above year-ago levels and analysts’ estimates, and, in stark contrast to many chemical firms...http://www.chemweek.com/home/top_of_the_news/PolyOne-tops-estimates-forecasts-double-digit-growth-in-fourth-quarter_47190.html October 24, 2012
PolyOne says it agreed to acquire Spartech, the largest North American producer of rigid barrier packaging and specialty cast acrylics, for $393 million. The deal expands...http://www.chemweek.com/home/top_of_the_news/PolyOne-to-acquire-Spartech-for-$393-million_47188.html October 24, 2012
Kemira says its sales increased 2% in the third quarter of 2012, to €567.2 million ($735.5 million), compared with €558.3 million in the third quarter of 2011. Net profits...http://www.chemweek.com/home/top_of_the_news/Nonrecurring-items-dent-Kemiras-net-profits-seven-sites-to-be-closed-or-sold_47184.html October 24, 2012
Evonik Industries announced today that it is investing €200 million ($258.6 million) in the "attractive growth markets of Brazil and Argentina," with 3 new...http://www.chemweek.com/home/top_of_the_news/Evonik-Industries-ups-investment-in-South-America-breaks-ground-on-oleochemicals-unit-in-Brazil_47180.html October 24, 2012
SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) has reported a 30% fall in net profits for the third quarter, ended 30 September 2012, compared with the...http://www.chemweek.com/home/top_of_the_news/Siam-Cements-chemicals-business-reports-fall-in-profits_47178.html October 24, 2012
Evonik says it has formed the Evonik Oil & Gas Group (EOGG) at Houston, TX, to boost the resource efficiency of products for the oil and gas industries and to facilitate the...http://www.chemweek.com/home/top_of_the_news/Evonik-establishes-business-in-US-focused-on-products-for-oil-gas-industries_47175.html October 23, 2012
Dow Chemical says it will eliminate approximately 2,400 positions, or 5% percent of its global workforce, citing “persistently slow macroeconomic growth.” The restructuring includes the shutdown of approximately 20 manufacturing facilities. Dow says the cuts will generate approximately $500-million/year of operating cost savings by the end of 2014....http://www.chemweek.com/home/top_of_the_news/Dow-Chemical-to-cut-workforce-by-5-percent-shut-20-plants_47171.html October 23, 2012
DuPont reported net income of $10 million, down from $452 million in the year-ago quarter. Sales from continuing operations were $7.4 billion, 9% below last year, reflecting sharp volume declines in solar and titanium dioxide (TiO2), particularly in Asia, the company says. DuPont says it will eliminate 1,500 positions globally, roughly 2% of its workforce, over the next 12–18 months. The company's shares fell 9% Tuesday, to close at $45.25/share, following the earnings report....http://www.chemweek.com/home/top_of_the_news/DuPont-earnings-fall-sharply-on-weak-TiO2-and-solar-company-to-cut-1500-jobs-updated_47151.html October 23, 2012
Ineos says that, "based on unaudited management information," the company's Ebitda increased 16% in the third quarter of 2012, to €432 million ($560 million)...http://www.chemweek.com/home/top_of_the_news/Strong-performance-in-North-America-drives-increase-in-Ineoss-Ebitda_47148.html October 23, 2012
Celanese reported third-quarter net income of $117 million, a decline of 30% from the year-ago quarter on weak acetyls demand and margins. Sales declined 11%, to $1.8 billion. Adjusted earnings were 93 cts/share, down 27% from the year-ago quarter, but 3 cts above the midpoint of analyst estimates as reported by Thomson Reuters (New York). ...http://www.chemweek.com/home/top_of_the_news/Celanese-net-income-slips-on-weak-acetyls_47135.html October 23, 2012
Active pharmaceutical ingredients (API), intermediates, and formulations manufacturer SMS Pharmaceuticals (Hyderabad, India) informed the Bombay Stock Exchange (Mumbai) that its board...http://www.chemweek.com/home/top_of_the_news/Mylan-buys-API-plant-in-India_47146.html October 23, 2012
Distribution company DKSH (Zurich) says it has entered into a distribution agreement with Tagra (Netanya, Israel), a producer of stabilized active ingredients, covering China, India...http://www.chemweek.com/home/top_of_the_news/DKSH-signs-distribution-deal-with-Israeli-pharma-and-personal-care-ingredients-firm_47142.html |
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