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May 9, 2014
Specialty earnings were mixed, since most companies report rising revenues, but one-time charges and bad winter weather took a bite out of earnings. Ecolab and FMC have matched...
http://www.chemweek.com/lab/Specialty-earnings-mixed-despite-sales-increases_60931.html
May 9, 2014
North American commodity producers have posted first-quarter results that reflect the continued benefit of shale-advantaged feedstocks, somewhat muted by the harsh winter. “In...
http://www.chemweek.com/lab/Commodity-earnings-buoyed-by-shale-advantaged-feeds_60933.html
May 9, 2014
Bayer announced on 6 May that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash....
http://www.chemweek.com/lab/Bayer-to-acquire-Merck-and-Co-s-consumer-care-business-for-$14-2-billion_60935.html
May 9, 2014
Lanxess has launched a process to realign itself following a major downturn in some of the markets it serves....
http://www.chemweek.com/lab/Lanxess-begins-realigment-under-new-CEO-raises-capital_60929.html
May 2, 2014
Activist hedge fund Third Point, led by Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year. Third Point says in a 1 May letter to investors that the earnings gap is the result of the “result of a strategy focused more on selling downstream products than on maximizing profits.”...
http://www.chemweek.com/lab/Hedge-fund-Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60770.html
May 1, 2014
Williams is considering the construction of a second ethane cracker at its Geismar, LA, facility. The company currently envisions a greenfield project in which joint-venture partners would build associated derivative capacity....
http://www.chemweek.com/lab/Williams-looks-at-joint-venture-ethane-cracker-for-Geismar_60747.html
May 1, 2014
Nova Chemicals CEO Randy Woelfel has left the company after failing to reach agreement on a contract extension, a company official says....
http://www.chemweek.com/lab/Nova-Chemicals-CEO-exits-after-failing-to-reach-agreement-on-contract_60746.html
May 1, 2014
New technologies; an integrated approach to crop management; and harmonized, science-based regulatory regimes are necessary to help the agricultural industry meet the daunting task of feeding the world’s fast-growing and increasingly middle-class population, according to James Blome, president and CEO of BayerCropscience....
http://www.chemweek.com/lab/Emerging-issues-in-agriculture-can-be-met-with-innovation_60586.html
April 30, 2014
Finding ways to expand the uses of existing products in new applications will be a key growth driver for specialty chemical makers in the coming years, according to a SpecialChem (Paris) survey of industry executives....
http://www.chemweek.com/lab/Survey-New-applications-key-to-fueling-growth_60562.html
April 29, 2014
Westlake Chemical has announced plans to carve out its ethylene assets and place them into a separately traded limited partnership....
http://www.chemweek.com/lab/Westlake-to-place-ethylene-assets-in-limited-partnership_60664.html
April 28, 2014

While sharp yen depreciation and aggressive fiscal stimulus have helped stabilize Japan’s economy, producers continue to target specialties and higher-performance materials for which value and competitive position have not set by energy or feedstock costs.

...

http://www.chemweek.com/lab/Japan-Heading-for-higher-ground_60589.html
April 28, 2014

While the primary beneficiaries of shale gas have been North American commodity chemical producers, specialties makers, too, hope for cheaper raw materials and a lift for US industrial production because of cheap energy costs. Growth in automotive and construction and rising costs in high-growth economies are also making North America more competitive.

...

http://www.chemweek.com/lab/Managing-specialties-Back-in-the-US-of-A_60378.html
April 25, 2014
Enterprise Products Partners (Houston) is building a fully refrigerated ethane export facility on the Texas Gulf Coast, the company announced on 22 April. Enterprise expects the facility, which will be able to load up to 240,000 bbl/day of ethane, will begin operations in the third quarter of 2016....
http://www.chemweek.com/lab/Enterprise-to-build-ethane-export-facility-on-Texas-Gulf-Coast_60574.html
April 25, 2014
PotashCorp reports first-quarter net income of $340 million, down 38% year-on-year (YOY). Earnings were 40 cts/share, above analyst estimates of 35 cts/share, according to Thomson...
http://www.chemweek.com/lab/PotashCorp-reports-earnings-drop-raises-full-year-guidance_60578.html
April 25, 2014
Specialty chemical earnings have mostly beat estimates on volume gains. Bad weather hurt W.R. Grace’s results, although the company beat analysts’ expectations. 3M’s...
http://www.chemweek.com/lab/Specialty-earnings-solid-across-various-end-markets_60579.html
April 25, 2014
North American commodity chemical producers report a solid first quarter despite some weather-related impacts. Productivity gains are a frequent theme. Dow Chemical reports stronger...
http://www.chemweek.com/lab/Commodity-earnings-margins-reflect-productivity-gains_60583.html
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/lab/Eastman-earnings-down-on-flat-sales-in-first-quarter_60585.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/lab/Air-Products-says-search-for-CEO-on-track_60540.html
April 21, 2014
Platform Specialty Products (PSP; Waterbury, CT) has entered into a definitive agreement to acquire Chemtura's pesticides business for $1 billion. The price consists of $950...
http://www.chemweek.com/lab/Platform-acquires-Chemturas-pesticides-business-for-$1-billion_60358.html
April 21, 2014
DuPont reports first-quarter operating earnings of $1.5 billion, up 1% year-on-year (YOY). Weak agricultural results offset gains across other segments. Operating earnings of...
http://www.chemweek.com/lab/DuPont-earnings-up-1-percent-despite-revenue-slip-on-weak-ag-results_60409.html
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