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August 7, 2014
Borealis announced today that it has signed a 10-year agreement with Antero Resources (Denver, CO) to supply ethane from the United States for its flexible steam cracker at...
http://www.chemweek.com/newsletters/cbd/Borealis-to-import-ethane-for-Swedish-cracker-_63065.html
August 6, 2014
Platform Specialty Products (Miami), formed by the acquisition of specialty chemical maker MacDermid, has agreed to acquire crop protection chemicals maker Agriphar (Ougree, Belgium)...
http://www.chemweek.com/newsletters/cbd/Platform-Specialty-buys-Agriphar_63029.html
August 6, 2014
Kuraray reports an 11.1% rise in net profits for the quarter ended 30 June compared with the year-ago period, to ¥7.28 billion ($71 million). Sales in the quarter increased 12.9%, to...
http://www.chemweek.com/newsletters/cbd/Kuraray-reports-rise-in-profits_63030.html
August 6, 2014
Orica (Melbourne) says that its board of directors intends to pursue the separation of the company’s chemicals business, either by demerger or sale, following a strategic review of...
http://www.chemweek.com/newsletters/cbd/Orica-to-spin-off-or-sell-chemicals_63031.html
August 6, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker...
http://www.chemweek.com/newsletters/cbd/Formosa-obtains-EPA-permits_63032.html
August 6, 2014
Solvay Acetow, a Solvay subsidiary, has signed a worldwide cooperation agreement with Accsys Technologies (Windsor, UK) to develop a solid, high-performance wood registered as Accoya...
http://www.chemweek.com/newsletters/cbd/Solvay-Acetow-Accsys-to-develop-high-performance-wood_63033.html
August 6, 2014
Rockwood Holdings today reported second-quarter net income from continuing operations up 32.7% year-on-year (YOY), to $34.1 million, or 47 cts/share, on sales up 4.1%, to $362.3...
http://www.chemweek.com/newsletters/cbd/Rockwood-beats-estimates_63034.html
August 6, 2014
Company Today Yesterday Air Products (APD) 132.40 134.25 Airgas (ARG) 108.47 108.18 Albemarle (ALB) 61.68 62.25 Ashland (ASH) 100.43 102.40 Axiall Corp. (AXLL) 42.00 42.80 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_63035.html
August 6, 2014
Lanxess today announced its second-quarter results and detailed a previously announced restructuring program. Second-quarter net income rose to €55.0 million ($73.5 million) from...
http://www.chemweek.com/newsletters/cbd/Lanxess-outlines-realignment-as-earnings-improve-narrows-guidance_63028.html
August 5, 2014
Germany’s chemical trade association VCI (Frankfurt) has pointed out that the country’s chemical industry is not calling for mutual recognition of existing standards for the...
http://www.chemweek.com/newsletters/cbd/VCI-No-reduction-in-chemical-safety-standards-through-TTIP_62997.html
August 5, 2014
Company Today Yesterday Air Products (APD) 134.25 133.71 Airgas (ARG) 108.18 107.69 Albemarle (ALB) 62.25 61.50 Ashland (ASH) 102.40 101.35 Axiall Corp. (AXLL) 42.80 42.51 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_62998.html
August 5, 2014
Mexichem (Tlalnepantla, Mexico) says it has signed a definitive agreement to acquire Vestolit (Marl, Germany), Europe’s sixth-largest manufacturer of polyvinyl chloride (PVC), from...
http://www.chemweek.com/newsletters/cbd/Mexichem-acquires-PVC-producer-Vestolit-for-219-million_62991.html
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short...
http://www.chemweek.com/newsletters/cbd/Westlake-misses-estimates_62992.html
August 5, 2014
Three former senior executives of Innospec have been jailed and another received a suspended prison sentence in the United Kingdom for bribing Indonesian officials to extend the life...
http://www.chemweek.com/newsletters/cbd/UK-jails-former-Innospec-executives-for-corruption_62993.html
August 5, 2014
Indorama Ventures (Bangkok) reports nearly a sevenfold increase in net profits for the second quarter of 2014 compared with the second quarter of 2013, to 1.48 billion baht ($46...
http://www.chemweek.com/newsletters/cbd/Indorama-reports-huge-rise-in-second-quarter-profits_62994.html
August 5, 2014
DSM today reported second-quarter net profit from continuing operations before exceptional items of €110 million ($147.6 million), 20% down on the year-earlier quarter. Revenues from...
http://www.chemweek.com/newsletters/cbd/DSM-reports-lower-results-on-negative-currency-effects_62995.html
August 5, 2014
International Flavors and Fragrances (IFF; New York) today reported its results for the second quarter ended 30 June. Net income of $110.2 million was up 8% year-over-year (YOY) with...
http://www.chemweek.com/newsletters/cbd/IFF-sales-and-earnings-up_62996.html
August 4, 2014
IGM Resins (Charlotte, NC), an ultraviolet inks and coatings firm, has acquired Insight High Technology (IHT; Beijing), a maker of photoinitiators, pharma intermediates, and fine...
http://www.chemweek.com/newsletters/cbd/Arsenals-IGM-Resins-buys-Chinese-firm_62970.html
August 4, 2014
Sensient Technologies announced today that Dick Hobbs, senior v.p. and CFO of the company, will retire in February 2015. Hobbs, who joined Sensient in 1973, will be replaced by Stephen...
http://www.chemweek.com/newsletters/cbd/Sensient-CFO-to-retire_62971.html
August 4, 2014
Second-quarter earnings season winds down, with Westlake, Taminco, and Rockwood reporting on Tuesday, Wednesday, and Thursday, respectively. Innospec also reports on Tuesday, while...
http://www.chemweek.com/newsletters/cbd/Week-Ahead_62972.html
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