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February 9, 2012
The CW75 index rose 2.6% for the week ended February 7, mirroring a 2.6% rise in the S&P 500 and lagging a 3% increase in the MSCI World Index. Basic chemical shares rose 3%...
http://www.chemweek.com/newsletters/cbd/CW75-Stock-Performance_41232.html
February 9, 2012
International Flavors & Fragrances (IFF) fourth-quarter 2011 earnings fell 56% year-on-year, to $24.4 million, or 30 cts/share. The decline was due to a 44 cts/share charge related...
http://www.chemweek.com/newsletters/cbd/IFF-Adjusted-Earnings-Beat-Estimates_41220.html
February 9, 2012
Total has named Graeme Burnett as senior v.p./refining and petrochemicals in the Americas, Total’s newly created global refining and chemicals unit. Burnett, formerly in charge of...
http://www.chemweek.com/newsletters/cbd/Total-Names-Graeme-Burnett-as-CEO-of-U-S-Petrochemicals-and-Refining-Unit_41221.html
February 9, 2012
Kemira says net profit from continuing operations in the fourth quarter of 2011 was €37.8 million ($50 million), 51% higher than the €25.1 million reported in the same quarter...
http://www.chemweek.com/newsletters/cbd/Kemira-Reports-Higher-Net-Profits-but-Lower-Sales_41222.html
February 9, 2012
Company Today Yesterday Air Products (APD) 91.15 90.21 Airgas (ARG) 79.55 78.93 Albemarle (ALB) 66.52 66.50 Ashland (ASH) 65.11 65.74 Cabot (CBT) 41.01 41.46 Cytec Industries (CYT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_41223.html
February 9, 2012
Siam Cement notified the Stock Exchange of Thailand today that it and its Vietnamese and Qatari partners have signed a joint venture agreement for a previously announced petrochemical...
http://www.chemweek.com/newsletters/cbd/Siam-Cement-and-Partners-Sign-JV-Deal-for-$4-5-Billion-Project-in-Vietnam_41217.html
February 9, 2012
Sabic appears to be the favorite to win a proposal to invest in a huge methanol-to-petrochemicals complex in Trinidad. The complex with an estimated value of $5.3 billion, is expected...
http://www.chemweek.com/newsletters/cbd/Sabic-in-Talks-to-Invest-in-Methanol-to-Petrochemicals-Project-in-Trinidad_41218.html
February 9, 2012
Showa Denko recorded net losses of ¥500 million ($6.5 million) in the fourth quarter of 2011, compared with ¥3.3 billion in net profits in the corresponding period of the previous...
http://www.chemweek.com/newsletters/cbd/Showa-Denko-Reports-Losses-and-a-Slight-Decrease-in-Sales_41219.html
February 8, 2012
Syngenta reported a 14% increase in 2011 net income to $1.6 billion, on sales also up 14% at $13.3 billion. Sales of crop protection products were 14% higher at $10.2 billion and seeds...
http://www.chemweek.com/newsletters/cbd/Syngenta-Income-Benefits-From-Integration_41185.html
February 8, 2012
Agrium today reported fourth-quarter net earnings of $193 million, or $1.20/share, up 43% from the year-ago period. Excluding a $134 million loss from discontinued operations...
http://www.chemweek.com/newsletters/cbd/Agrium-Earnings-Rise-43-Percent_41186.html
February 8, 2012
Teijin today announced strategies for growth over the next few years, which includes a mid-term business plan for until the fiscal year ending March 31, 2017 and a long-term plan for...
http://www.chemweek.com/newsletters/cbd/Teijin-Announces-New-Business-Plan_41187.html
February 8, 2012
W.R. Grace says it has restructured its businesses into three operating segments—Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—to...
http://www.chemweek.com/newsletters/cbd/Grace-Splits-Davison-Operating-Segment_41188.html
February 8, 2012
Sabic Innovative Plastics (Sabic-IP; Pittsfield, MA) says it has opened a new pilot facility at Mt. Vernon, IN for chemistry and process development for...
http://www.chemweek.com/newsletters/cbd/Sabic-IP-Opens-Polymer-Pilot-Facility-at-Mt-Vernon-IN_41189.html
February 8, 2012
FMC says it has signed an exclusive distribution and development agreement with Consumo em Verde (CEV) Biotecnologia das Plantas, S.A. (Lisbon, Portugal) for the fungicidal active...
http://www.chemweek.com/newsletters/cbd/FMC-Signs-Exclusive-Agreement-For-New-Patented-Fungicide_41190.html
February 8, 2012
Compass Minerals reported fourth-quarter net income of $43.9 million, down 28% from the year-ago quarter, on losses caused by a tornado that struck the company’s salt mine and...
http://www.chemweek.com/newsletters/cbd/Unfavorable-Weather-Impacts-Compass-Minerals-Earnings_41191.html
February 8, 2012
3M has named Inge Thulin president and CEO, effective February 24. He succeeds George Buckley, who will retire on June 1. Thulin is currently 3M’s COO, a...
http://www.chemweek.com/newsletters/cbd/3M-Names-Thulin-CEO_41192.html
February 8, 2012
Gulf Petrochemical Industries Co. (GPIC; Sitra, Bahrain), an equally owned three-way partnership among National Oil & Gas Authority of Bahrain, Sabic, and Petrochemical Industries...
http://www.chemweek.com/newsletters/cbd/GPIC-Goes-Ahead-With-Huge-Expansion-at-Sitra_41193.html
February 8, 2012
Mitsui Chemicals says that its Grand Siam Composites (Bangkok) joint venture will increase production capacity for polypropylene (PP) compounds by 18,000 m.t./year at Map Ta Phut...
http://www.chemweek.com/newsletters/cbd/Mitsui-Adding-PP-Compounds-_41194.html
February 8, 2012
Mitsui Chemicals says it will increase production capacity for hydroquinone by 1,000 m.t./year, to 12,500 m.t./year at the company’s site at Iwakuni, Japan. The expansion is...
http://www.chemweek.com/newsletters/cbd/-Expands-Japan-Hydroquinone_41195.html
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