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February 12, 2013
Valspar’s net income for the first quarter of fiscal 2013 declined 1.4% year-on-year (YOY), to $55 million, or 60 cts/share, the company says. Earnings fell short of...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Valspar-sees-earnings-drop-cuts-full-year-guidance_49768.html
February 12, 2013
Zeon Chemicals (Louisville, KY) says it has begun producing Hydrin-brand elastomers at its Hattiesburg, MS, facility using epichlorohydrin monomer derived from palm and other vegetable...
http://www.chemweek.com/markets/specialty_chemicals/rubber_processing_chemicals/Zeon-Chemicals-begins-producing-partially-biobased-elastomers_49765.html
February 11, 2013
The European Commission says it approved, on 7 February, the acquisition of the coating resins business (CRB) of Cytec Industries by private equity firm Advent International (New...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/European-Commission-approves-acquisition-by-Advent-of-Cytecs-coating-resins-business_49738.html
February 7, 2013
Sensient Technologies recorded fourth-quarter net earnings down 4.8% year-on-year (YOY), to$27.2 million, on revenue up 4.7% YOY, $352.2 million. Earnings totaled 55 cts/share, short...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Sensient-to-cut-200-jobs-net-earnings-fall_49671.html
February 7, 2013
Algal oils firm Solazyme (San Francisco) and Mitsui & Co. today announced a $20-million, multi-year partnership aimed at developing triglyceride oils for use in the oleochemical...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Solazyme-and-Mitsui-ink-tailored-oils-development-deal_49636.html
February 7, 2013
International Flavors & Fragrances (IFF) fourth-quarter earnings more than doubled year-on-year (YOY), to $68.1 million, on revenue up 5.6% YOY, to $680.6 million. Excluding a...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/IFF-earnings-rise-but-fall-short-of-estimates-as-admin-costs-increase_49649.html
February 7, 2013
Kemira’s revenue increased 3%, to €558.5 million ($755.4 million) during the fourth quarter of 2012, mainly because of continued sales volumes growth, especially in the...
http://www.chemweek.com/markets/specialty_chemicals/paper_chemicals/Kemiras-fourth-quarter-revenue-up-3-percent_49604.html
February 6, 2013
FMC’s fourth-quarter net income rose 31% year-on-year (YOY), to $102.2 million, on revenues up 10%, to $1 billion. Excluding special charges – which totaled $9.4 million in...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/FMC-earnings-match-estimates-on-strong-ag-results_49625.html
February 6, 2013
Ferro has sold its solar pastes business to Heraeus (Hanau, Germany), a privately held precious metals technology company, for an undisclosed sum, the company says. The deal completes...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Ferro-sells-solar-pastes-business_49607.html
February 6, 2013
PMC Group (Mount Laurel, NJ) has completed the acquisition of Dow Chemical's global methyl tin stabilizers and solid lubricants business, PMC announced today. The stabilizers business...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/PMC-completes-acquisition-of-Dows-tin-stabilizer-business_49505.html
February 6, 2013
W.R. Grace reported a net loss of $111.6 million for its fiscal fourth quarter, ended 31 December 2012, compared with net income of $58.1 in the year-ago quarter. The 2012 quarter...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Grace-swings-to-a-loss-on-asbsestos-liability-adjustment_49606.html
February 6, 2013
Givaudan's (Vernier, Switzerland) sales totaled 4.26 billion Swiss francs ($4.68 billion) during 2012, an increase of 8.7% in Swiss francs compared with 2011, the company says. Ebitda...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Givaudans-2012-sales-increase-8-7-percent_49599.html
February 6, 2013
Wacker Chemie has launched production at an additional plant for vinyl acetate-ethylene (VAE) copolymer dispersions at its Ulsan facility, in South Korea, the company...
http://www.chemweek.com/markets/specialty_chemicals/paper_chemicals/Wacker-launches-production-at-expanded-VAE-dispersions-plant-in-Korea_49598.html
February 5, 2013
3M’s board has authorized a share repurchase of up to $7.5 billion, or 10.8% of the company’s market cap as of 5 February. The share repurchase does not have a closing...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/3M-launches-large-share-buyback-raises-dividend_49593.html
February 5, 2013
International Flavors & Fragrances Inc. (IFF) and Evolva Holding (Reinach, Switzerland) announced that they have entered into the preproduction phase for biobased production...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/IFF-and-Evolva-advance-fermentation-route-for-vanillin_49573.html
January 31, 2013
The CEOs of Ecolab, Clorox and Amway described a focus on persistently weak consumer demand, sustainability and other global trends, at an executive leadership panel at ACI's annual...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/ACI-2013-CEO-panel-focuses-on-weak-demand-sustainability_49491.html
January 31, 2013
Innovation and sustainability were top concerns at ACI's annual conference in Orlando this week, as raw materials price volatility eased up and soap and detergent manufacturers look...
http://www.chemweek.com/markets/specialty_chemicals/soap_and_detergents/ACI-2013-Emphasis-returns-to-innovation_49490.html
January 31, 2013
Cytec reported rises in both earnings and sales in its fourth quarter results thanks to strong performance in its engineered materials and in process separation segments, the company...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Strong-engineered-materials-performance-gives-Cytec-an-earnings-boost_49487.html
January 31, 2013
Higher paint sales volumes and selling price increases contributed to Sherwin-Williams’ (SW) strong fourth quarter—with sales up 7%, to $2.22 billion, year-on-year...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Sherwin-Williams-reports-record-sales-due-to-high-results-in-paint-store-group_49478.html
January 31, 2013
Regulation and sustainability issues are topping agendas at international trade associations for makers of cleaning chemicals, association executives said yesterday at a panel at ACI's...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/ACI-2013-Regulation-sustainability-top-global-trade-group-agenda_49461.html
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