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April 22, 2014
Shin-Etsu Chemical says that it will invest about ¥12 billion ($117 million) to build a new rare earth magnet manufacturing plant in Vietnam. The new plant will be built in two phases...
http://www.chemweek.com/newsletters/cbd/Shin-Etsu-to-build-rare-earth-magnet-plant-in-Vietnam_60474.html
April 22, 2014
Sabic on Sunday reported a drop in first quarter earnings and said that a shortage of natural gas was limiting its domestic growth. Net profit was down 1.8% to 6.44 billion Saudi...
http://www.chemweek.com/newsletters/cbd/Sabics-profit-declines-gas-shortage-constraint-on-growth_60475.html
April 22, 2014
Company Today Yesterday Air Products (APD) 119.52 117.70 Airgas (ARG) 109.13 108.13 Albemarle (ALB) 67.78 67.04 Ashland (ASH) 97.67 97.35 Axiall Corp. (AXLL) 47.97 47.54 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_60476.html
April 21, 2014
Verdezyne (Carlsbad, CA), an industrial biotechnology company, announced today that it has completed production of over one m.t. of bio-based dodecanedioic acid (DDDA) using its...
http://www.chemweek.com/newsletters/cbd/Verdezyne-completes-bio-based-monomer-production_60428.html
April 21, 2014
A rundown of the industry’s key events from IHS Chemical Week Business Daily: > Momentive Performance Materials files for Chapter 11. > Symrise to acquire Diana Group for $1.8...
http://www.chemweek.com/newsletters/cbd/Week-of-14-20-April-2014_60436.html
April 21, 2014
India’s largest paints company Asian Paints (Mumbai) has informed the Bombay Stock Exchange that it has signed an agreement with the shareholders of Kadisco Chemical Industry PLC...
http://www.chemweek.com/newsletters/cbd/Asian-Paints-to-buy-majority-stake-in-Kadisco-Chemical_60429.html
April 21, 2014
Sherwin-Williams (SW) reported first-quarter net income down 0.6% year-on-year (YOY), to $115.5 million, on sales up 9.2%, to $2.37 billion. Earnings totaled $1.14/share, including a...
http://www.chemweek.com/newsletters/cbd/Sherwin-Williams-beats-estimates-on-sales-increase_60430.html
April 21, 2014
Teijin says that its previously announced, new company for fiber and textile product R&D, Teijin Product Development China, will become operational at Nantong on 18 April. Teijin...
http://www.chemweek.com/newsletters/cbd/Teijins-Chinese-fiber-and-textile-R-and-D-company-begins-operations_60431.html
April 21, 2014
TransCanada (Calgary, AB) has closed the sale of Cancarb to Tokai Carbon (Tokyo) for $190 million. Cancarb, a producer of carbon black, has a 45,000 m.t./year plant in Medicine Hat...
http://www.chemweek.com/newsletters/cbd/Tokai-Carbon-completes-acquisition-of-Cancarb_60432.html
April 21, 2014
Polief (Blagoveshchensk, Russia), a subsidiary of Sibur (Moscow), has completed a polyethylene terephthalate (PET) expansion, increasing capacity from 140,000 m.t./year to 210,000...
http://www.chemweek.com/newsletters/cbd/Sibur-subsidiary-completes-PET-expansion-in-eastern-Russia_60433.html
April 21, 2014
Earnings season continues this week, with Air Products, Dow Chemical, PetroLogistics, Praxair, and W.R. Grace scheduled to report financial results on Wednesday. Earnings reports from...
http://www.chemweek.com/newsletters/cbd/Week-Ahead_60434.html
April 21, 2014
Company Today Thursday Air Products (APD) 117.70 118.33 Airgas (ARG) 108.13 107.85 Albemarle (ALB) 67.04 66.47 Ashland (ASH) 97.35 97.31 Axiall Corp. (AXLL) 47.54 48.07 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_60435.html
April 21, 2014
LyondellBasell says it has ended discussions to sell its mothballed refinery at Berre, France, to petroleum trading firm Sotragem (Monaco), and that it will make the closure of the...
http://www.chemweek.com/newsletters/cbd/LyondellBasell-ends-negotiations-to-sell-French-refinery_60426.html
April 21, 2014
Five members of the Silicones Environmental, Health, and Safety Center (SEHSC) of the American Chemistry Council (ACC) have reached an agreement with the US EPA on the environmental...
http://www.chemweek.com/newsletters/cbd/Producers-EPA-agree-on-siloxane-D4-environmental-monitoring_60427.html
April 17, 2014
The CW75 index fell 0.9% for the week ended 15 April, faring better than the MSCI World Index, which dropped 1.0%, but down compared with the S&P 500, which dropped 0.4%....
http://www.chemweek.com/newsletters/cbd/CW75-Stock-Performance_60385.html
April 17, 2014
DuPont reports first-quarter operating earnings of $1.5 billion, up 1% year-on-year (YOY), as weaker agriculture results offset gains in other segments. Operated earnings of...
http://www.chemweek.com/newsletters/cbd/DuPont-earnings-up-1-percent-despite-revenue-slip-on-weak-ag-results_60368.html
April 17, 2014
Platform Specialty Products (PSP; Waterbury, CT), has entered into a definitive agreement to acquire Chemtura's agrochemicals business for $1 billion. The price consists of $950...
http://www.chemweek.com/newsletters/cbd/Platform-acquires-Chemturas-agrochemicals-business_60369.html
April 17, 2014
SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen and propofol businesses of Albemarle for an undisclosed amount of cash. The deal includes manufacturing...
http://www.chemweek.com/newsletters/cbd/SI-Group-to-acquire-Albemarles-antioxidants-and-ibuprofen-business_60370.html
April 17, 2014
PPG reports net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings, excluding...
http://www.chemweek.com/newsletters/cbd/PPG-earnings-beat-estimates_60371.html
April 17, 2014
AkzoNobel registered €129 million ($178.3 million) in net income attributable to shareholders in the first quarter, up 45% year-on-year (YOY) mainly due to lower financing expenses...
http://www.chemweek.com/newsletters/cbd/AkzoNobel-net-income-rises-on-lower-financing-costs_60372.html
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