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October 22, 2014
Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Albemarle-earnings-beat-estimates-on-strong-catalysts-results_64691.html
October 22, 2014
A. Schulman today reported fiscal fourth-quarter net income of $15.2 million, compared with a net loss of $2.7 million in the year-ago quarter, on sales up 16.8% year-on-year (YOY), to...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Schulman-earnings-beat-estimates-on-solid-sales-increases_64690.html
October 22, 2014
Eastman Chemical today said it has completed its expansion of non-phthalate plasticizers capacity at its Texas City, TX, manufacturing plant. The expansion will increase production...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/Eastman-completes-plasticizers-capacity-expansion_63889.html
October 22, 2014
Stepan today reported fiscal third quarter net income down 34% year-on-year (YOY), to $13.5 million, on sales up 3%, to $491.4 million. Adjusted net income declined 16% YOY, to $15.6...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Stepan-falls-short-of-estimates-on-weak-surfactants-results_64677.html
October 22, 2014
W.R. Grace today reported third-quarter net income of $74.5 million, down 3% year-over-year (YOY) on higher corporate and other expenses. Reported adjusted earnings of $1.07/share were down 8.5% YOY but surpassed analyst estimates of 95 cts/share, according to Thomson Reuters (New York). Sales grew 11% YOY, to $856.4 million due to higher sales volumes, improved pricing, and favorable currency translation—with acquisitions contributing 4% to growth, the company says. Adjusted Ebit for the third quarter was $180.9 million, up 27% YOY....
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Grace-reports-rise-in-sales-curbs-full-year-guidance_64675.html
October 22, 2014
AkzoNobel today announced a €5 million ($6.3 million) divestment of its 50% share in Eka Synthomer, to Synthomer. The divestment follows a strategic review of businesses within...
http://www.chemweek.com/markets/specialty_chemicals/paper_chemicals/AkzoNobel-sells-stake-in-Eka-Synthomer-to-partner-exits-paper-chemicals_64674.html
October 22, 2014
Kemira (Helsinki) has announced Ebitda of €69.9 million ($89.3 million) in third-quarter 2014, compared with €68.9 million in the corresponding period in 2013, or 1.5%...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Kemira-improves-profitability-on-lower-sales-in-third-quarter-2014_64663.html
October 21, 2014
OCI (Seoul) said today that it is to sell its entire stake in the OCI-SNF (Seoul) joint venture for 95.7 billion South Korean won ($89.9 million). OCI-SNF produces and markets water...
http://www.chemweek.com/markets/specialty_chemicals/water_treatment/OCI-to-sell-stake-in-water-treatment-chemicals-producer-OCI-SNF_64520.html
October 21, 2014
PPG and Henan Billions Chemical (Jiaozuo, China) have opened a titanium dioxide (TiO2) manufacturing and research facility. The 366,000-sq meter facility is scheduled to begin...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-Henan-Billions-Chemical-open-TiO2-manufacturing-plant-in-China_64643.html
October 20, 2014
PPG says it has agreed to acquire Westmoreland Supply (Greensburg, PA), an owner of 12 paint stores in western Pennsylvania and West Virginia, for an undisclosed sum...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-to-acquire-paint-distributor-Westmoreland-Supply_64611.html
October 16, 2014
PPG Industries today reported stronger third-quarter net income, with growth across most business segments and regions. Net income of $377 million grew 84% year-on-year (YOY) on sales up 4% YOY, to $3.9 billion. Adjusted earnings per share of $2.82/share were above analyst estimates of $2.75/share, as reported by Thomson Reuters (New York). Adjusted net income, excluding nonrecurring items, was $394 million, up 17% YOY....
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-reports-adjusted-earnings-up-17-percent_64557.html
October 16, 2014
Kemira is making a multimillion-euro investment to expand its process and functional chemicals lines at San Giorgio, Italy. Production is scheduled to start at the beginning of 2015...
http://www.chemweek.com/markets/specialty_chemicals/paper_chemicals/Kemira-invests-in-functional-chemicals-in-Italy_64552.html
October 16, 2014
Paints and coatings company Tikkurila (Helsinki) says it has acquired ISO Paint Nordic (Lunderskov, Denmark). ISO Paint Nordic is a family-owned business that was established in 1999...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-to-acquire-ISO-Paint-Nordic-specialist-in-energy-efficient-coatings_64550.html
October 15, 2014
Fragrances and flavors group Symrise (Holzminden, Germany) has today officially launched a legal subsidiary in Lagos, strengthening its position in Africa. The location will include...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Symrise-founds-subsidiary-in-Nigeria-strengthens-position-in-Africa_64526.html
October 15, 2014
Evonik Industries today opened a production plant in São Paulo State, Brazil, to make ingredients for customers in the cosmetics and consumer goods industries. The plant has the...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Evonik-opens-plant-for-cosmetics-and-consumer-goods-in-Brazil_64527.html
October 15, 2014
The United Kingdom competent authority says that it will submit a restriction proposal to the European Chemicals Agency (ECHA; Helsinki) in January 2015 to restrict...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/ECHA-calls-for-evidence-on-the-persistence-and-bioaccumulation-of-two-siloxanes_64522.html
October 15, 2014
Archer Daniels Midland (ADM; Chicago) has signed an agreement to purchase Specialty Commodities Inc. (SCI; Fargo, ND) for $170 million, subject to postclosing adjustments. SCI works...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/ADM-to-acquire-specialty-ingredients-firm-for-$170-million_64519.html
October 14, 2014
KMG Chemicals (Houston), a specialty chemical maker, today announced its results for its fourth fiscal quarter, ended 31 July. The company reports a net loss of $822,000, slightly up...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/KMG-Chemicals-reports-narrower-loss-in-fiscal-fourth-quarter_64499.html
October 13, 2014
KMG Chemicals says it will realign its hydrofluoric acid (HF) operations by ending HF production at Bay Point, CA in the first quarter of 2015. The move comes after KMG and Chemtrade...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/KMG-restructures-HF-operations_64489.html
October 13, 2014
PPG Industries (PPG) says Mexico's competition commission is extending the deadline for its review of PPG's proposed s $2.3-billion acquisition of Consorcio Comex, S.A. de C.V...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Mexico-antitrust-commission-extends-review-of-PPGs-proposed-acquisition-of-Comex_64477.html
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