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July 25, 2014
Sensient Technologies (Milwaukee) says that net income for the quarter fell 10% year-on-year (YOY) because of $13 million in restructuring costs. The company says that adjusted operating income increased by 11%, to$61.2 million. Sales were down 1% YOY, to $374.7 million. Reported adjusted earnings 81 cts/share rose 10% YOY and were above analyst estimates of 79 cts/share, according to Thomson Reuters (New York)....
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Sensient-earnings-drop-on-restructuring-charges_62719.html
July 24, 2014
BASF Shanghai Coatings, a joint venture between BASF Group and Shanghai Huayi Fine Chemical, today inaugurated its automotive coatings plant at the Shanghai chemical industry park. The...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-opens-&euro50-million-automotive-coatings-plant-at-Shanghai_62688.html
July 23, 2014
W.R. Grace reports second-quarter net income of $136.7 million, 50.6% higher year-on-year (YOY), on higher sales volumes and acquisitions. Adjusted earnings were flat YOY at...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Higher-volumes-Unipol-acquisition-bolster-W-R-Grace-results_62676.html
July 23, 2014
Stepan today reported second-quarter net income up 7% year-on-year (YOY), to $24.4 million, on net sales up 6%, to $504.1 million. Excluding deferred compensation, earnings totaled 90...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Stepan-earnings-rise-but-fall-short-of-estimates_62665.html
July 23, 2014
Merck KGaA at today’s press conference at Shanghai affirmed its commitment to China. Merck will in August hold a groundbreaking ceremony for a previously announced €80...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Merck-KGaA-affirms-commitment-to-China-will-break-ground-on-pharma-unit_62655.html
July 22, 2014
Albemarle announced today that its collaboration with Delft University of Technology, Haldor Topsoe, FEI Company, and Leiden Probe Microscopy has led to ­­­an innovative...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Albemarle-Haldor-Topsoe-collaboration-advances-catalyst-research-technology_62647.html
July 21, 2014
PolyOne today reported net income from continuing operations of $30.9 million, or 33 cts/share, down 24.9% year-on-year (YOY), on net sales down 2.9%, to $1.01 billion. Adjusted...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/PolyOne-earnings-rise-beat-estimates-on-improving-margins_62625.html
July 18, 2014
BASF has inaugurated its largest European production plant for mobile emission catalysts at Środa Śląska, a special economic zone near Wrocław, Poland, the company announced today...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/BASF-inaugurates-mobile-emissions-catalysts-plant-in-Poland_62586.html
July 17, 2014
Sherwin-Williams (SW) today announced second quarter net income up 13.3% year-on-year (YOY), to $291.4 million, on sales up 12.2%, to $3.04 billion. Earnings totaled $2.94/share...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Sherwin-Williams-raises-guidance-earnings-rise_62529.html
July 17, 2014
PPG Industries today reported second quarter net income from continuing operations up 24% year-on-year (YOY), to $393 million, or $2.80/share, on sales up 5%, to $4.1 billion. Adjusted...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-earnings-beat-estimates-on-strong-sales_62509.html
July 17, 2014
GTS Chemical Holding, a specialty chemicals producer and the largest manufacturer of ammonium sulfite in China, today announced its intention to proceed with a fundraising and...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Chinese-specialty-chemicals-firm-plans-to-list-in-London_62506.html
July 17, 2014
Givaudan Group (Geneva), flavors and fragrances major, today announced its results for the first six months of 2014. Ebitda rose 10.5% to 562 million Swiss francs ($626.1 million) on...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Givaudan-reports-higher-earnings-confirms-guidance_62505.html
July 16, 2014
The European Food Safety Authority (EFSA; Parma, Italy) says that is has established an acceptable daily intake (ADI) of four milligrams per kilogram body weight per day for the food...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/EFSA-establishes-daily-intake-limits-for-sunset-yellow-food-additive_62485.html
July 16, 2014
3M announced today that it will acquire Sumitomo Electronic’s 25% stake in its Japanese subsidiary Sumitomo 3M for ¥90 billion ($885 million). Upon completing the...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/3M-to-acquire-Sumitomo-Electronics-25-percent-stake-in-Japanese-subsidiary_62479.html
July 15, 2014
Stepan says it has acquired a sulfonation production plant in Bahia, Brazil from Procter & Gamble (P&G), for an undisclosed sum. The plant, in the country’s northeast...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Stepan-acquires-Brazil-sulfonation-plant-from-P-and-G_62472.html
July 15, 2014
PolyOne announced today that it is closing two production facilities in Brazil – one at Diadema in Sao Paulo state, and one at Joinville in Santa Catarina state. The two plants...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/PolyOne-to-close-two-plants-in-Brazil_62473.html
July 15, 2014
Monomers producer Sartomer announced today that it has appointed Kenny Messer to president/Americas. In the role, Messer will oversee the company’s operations in North America...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Sartomer-appoints-new-Americas-president_62470.html
July 15, 2014
Axalta says is it is adding capacity for polypropylene (PP) powder coatings at its facility in Huangshan, China, which is operated as a joint venture with Yongjia Chemical. The jv is...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Axalta-adds-PP-powder-coatings-capacity-at-jv-in-China_62469.html
July 15, 2014
Lubricants maker Calumet Specialty Products says it has finalized amendments to its $1-billion revolving credit agreement. The agreement is with a syndicate of banks and matures in...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Calumet-Specialty-Products-finalizes-refinancing_62461.html
July 15, 2014
Archroma (Reinach, Switzerland), the former textile, paper, and emulsions business of Clariant, has published its first formulation list of Zero Discharge of Hazardous Chemicals (ZDHC)...
http://www.chemweek.com/markets/specialty_chemicals/textile_chemicals/Archroma-publishes-ZDHC-MRSL-compliant-formulation-list_62460.html
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