IHS Chemical Week

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August 1, 2013
BASF says it is exiting the manufacture of membrane electrode assemblies for fuel cells and closing its Somerset, NJ facility that focused on making those products. The closure will...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/BASF-exiting-membrane-electrode-assemblies_54174.html
August 1, 2013
Aurora Capital Group (Los Angeles) said on Wednesday that it has completed the previously announced sale of Adco Global (Lincolnshire, IL), a leading manufacturer of specialty...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Aurora-completes-sale-of-Adco-to-Arsenal-Capital-Partners_54124.html
August 1, 2013
Evonik Industries is among the companies interested in bidding to acquire Lohmann Therapie-Systeme (LTS; Andernach, Germany), valued at an estimated €1 billion ($1.3 billion)...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Report-Evonik-among-bidders-for-transdermal-therapeutic-system-firm_54158.html
August 1, 2013
Kraton Performance Polymers reports second-quarter net income, including the net of tax charges and restructuring costs, of $3.8 million—down 69%  year-on-year (YOY)...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Kraton-reports-sales-drop-on-low-raw-materials-cost_54155.html
August 1, 2013
BASF today announced plans to expand its capacity for waterborne coatings at the Demarchi coatings site in São Paulo State. The €2-million ($2.6 million) investment will...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-hikes-capacity-for-waterborne-coatings-in-Brazil_54152.html
August 1, 2013
The European Food Safety Authority (EFSA; Parma, Italy) has concluded that advantame and its metabolites pose no safety concern for consumers at the proposed uses and use levels as a...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/EFSA-concludes-that-advantame-poses-no-safety-concern_54136.html
July 31, 2013
Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reports second-quarter net income of $87.2 million, a 28% drop year-on-year (YOY). Sales were $1.43 billion...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Dow-Corning-reports-drop-in-sales-earnings-on-oversupply_54102.html
July 30, 2013
Chemtura’s second-quarter net income from continuing declined 11% year-on-year (YOY), to $47 million, or 47 cts/share, on sales down 1%, to $735 million, the company says...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Chemtura-beats-estimates-but-bromine-weakness-persists_54085.html
July 30, 2013
BASF is investing about €90 million ($119.4 million) to set up a world-scale production plant at the Shanghai Chemical Industry Park, the company announced today. The new plant...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-invests-in-coating-resins-plant-in-Shanghai_54053.html
July 30, 2013
Ecolab has reported second-quarter net income up 16% year-on-year (YOY), to$213.1 million, or 69 cts/share, on sales up 13%, to $3.38 billion. Adjusted net income, which excludes some...
http://www.chemweek.com/markets/specialty_chemicals/water_treatment/Ecolab-earnings-beat-estimates-on-strong-energy-results_54067.html
July 30, 2013
Cabot Microelectronics reported net income up 17% year-over-year (YOY), to $15.5 million, due to a higher gross profit margin, a favorable impact of the weaker Japanese yen reflected...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Cabot-Microelectronics-profits-increase-17-percent_54066.html
July 29, 2013
FMC’s second-quarter earnings rose 12.5% year-on-year (YOY), to $118 million, or 86 cts/share, on revenues up 6%, to $959.4 million. Adjusted earnings from continuing operations...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/FMC-earnings-rise-match-estimates-on-strong-ag-results_54042.html
July 29, 2013
Quaker Chemical’s second-quarter net income rose 42.7% year-on-year (YOY), to $16.7 million, or $1.22/share, on net sales up 5%, to $184.8 million. Adjusted earnings totaled...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Quaker-Chemical-earnings-rise-on-higher-volumes_54039.html
July 28, 2013
The first round of bids was submitted last week for Vion Ingredients, which is being sold by the Dutch meat processor Vion Food Group (Eindhoven, Netherlands). Vion Ingredients, the...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Bids-in-for-leading-global-gelatin-maker-Vion-Ingredients_53994.html
July 27, 2013
Flavors & fragrances major Givaudan Group (Vernier, Switzerland) reported a strong increase in earnings and revenues in the first 6 months of this year. Net income was up 35.5% at...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Givaudan-reports-strong-increase-in-sales-and-earnings_53990.html
July 26, 2013
Sensient Technologies has reported second-quarter earnings down 7.5% year-on-year (YOY), to $32.3 million, or 65 cts/share, on revenues up 3%, to $378.8 million. Adjusted earnings...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Sensient-earnings-rise-Paul-Manning-named-next-CEO_53927.html
July 26, 2013
Taminco (Ghent, Belgium), and Temix (Milan, Italy) have signed a distribution agreement whereby Temix becomes Taminco’s exclusive distributor for its line of fatty tertiary...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Taminco-signs-exclusive-distribution-agreement-with-Temix-for-fatty-tertiary-amines_53962.html
July 25, 2013
Johnson Matthey (London) reports a 10% increase in operating profit, to £116.1 million ($178.2 million), in its fiscal first quarter, ended 30 June, compared with £105.6...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Johnson-Matthey-reports-10-percent-increase-in-operating-profit-for-quarter_53888.html
July 25, 2013
Paints and coatings company Tikkurila (Helsinki) says revenue for the second quarter of 2013 was €208.3 million ($275.3 million), a decrease of 0.4% from the year-ago period...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-reports-tepid-demand-but-maintains-good-profitability_53894.html
July 25, 2013
Ashland today reported fiscal third-quarter income from continuing operations down 26.9% year-on-year (YOY), to $117 million, on sales down 4%, to $2.1 billion. The declines were...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Ashland-to-sell-water-technologies-elastomers-earnings-fall_53901.html
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