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February 10, 2012
This Week on CW: Indorama Ventures, a Thai chemicals concern, has announced plans to buy Old World Industries’ chemicals assets for $795 million. Old World operates the largest...
http://www.chemweek.com/people_and_business/companies/Chemical-Industry-Weekly-News-Round-Up-Feb-10_41292.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/people_and_business/companies/IFF-Adjusted-Earnings-Beat-Estimates_41214.html
February 9, 2012
BASF says it has agreed with Cofco Tunhe (Bejing), to co-develop and enhance sustainable tomato cultivation in China. Cofco Tunhe is one of the world's largest tomato producers...
http://www.chemweek.com/people_and_business/companies/BASF-to-Co-Develop-Sustainable-Tomato-Production-with-Chinese-Company_41207.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...
http://www.chemweek.com/people_and_business/companies/Showa-Denko-Reports-Losses-and-a-Slight-Decrease-in-Sales_41212.html
February 9, 2012
Hikal (Mumbai), an active ingredients and intermediates manufacturer, says net profits for its fiscal third quarter ended December 31, 2011, more than doubled year over year...
http://www.chemweek.com/people_and_business/companies/Hikal-Reports-Increase-in-Net-Profits-and-Sales_41208.html
February 8, 2012
Standard & Poor’s (S&P; New York) has raised Rockwood Holdings’ corporate credit rating to ‘BB+’ from ‘BB’ due to an improvement in the...
http://www.chemweek.com/people_and_business/companies/S-and-P-Raises-Rockwoods-Credit-Rating_41203.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/people_and_business/companies/Agrium-Earnings-Rise-43-percent_41093.html
February 8, 2012
Odfjell says net losses in the fourth quarter of 2011 were $8 million, exactly the same net result as in the fourth quarter of 2010. Odjfell's sales and Ebitda increased 19% and 11%...
http://www.chemweek.com/people_and_business/companies/Odfjell-Reports-Stable-Losses-Despite-Increase-in-Sales_41085.html
February 8, 2012
Mexichem (Tlalnepantla, Mexico) says it has agreed to acquire 100% of Wavin (Zwolle, the Netherlands) for approximately €531 million ($704 million). Mexichem intends to make a...
http://www.chemweek.com/people_and_business/companies/Mexichem-Acquires-Wavin-to-Create-Global-Leader-in-PVC-Pipe-Systems_41084.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 position...
http://www.chemweek.com/people_and_business/companies/3M-Names-Thulin-CEO_41090.html
February 8, 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...
http://www.chemweek.com/people_and_business/companies/Kemira-Reports-Higher-Net-Profits-but-Lower-Sales_41081.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/people_and_business/companies/Teijin-Announces-New-Business-Plan_41080.html
February 7, 2012
Rhodia, a subsidiary of Solvay, says it has signed a joint development agreement (JDA) with Roquette (Lestrem, France) to develop new plant-based polymers. Each company will have the...
http://www.chemweek.com/people_and_business/companies/Rhodia-and-Roquette-to-Co-Develop-New-Plant-Based-Polymers_41056.html
February 7, 2012
BP says that earnings on a replacement cost basis, before interest and taxes, for its petrochemical business in the fourth quarter of 2011 were $96 million, 60% lower than the $243...
http://www.chemweek.com/people_and_business/companies/BP-Reports-60-percent-Decrease-in-Petrochemical-Earnings_41064.html
February 7, 2012
Jacobs Engineering says it has received a contract from Methanex, the world's leading supplier of methanol, to provide engineering services for a planned methanol production facility...
http://www.chemweek.com/people_and_business/companies/Jacobs-Awarded-Contract-for-Methanex-Plant-Relocation_41059.html
February 7, 2012
Fourth-quarter earnings for Sensient Technologies rose 11% year-on-year, to $28.6 million, or 57 cts/share. Earnings narrowly beat analysts’ consensus of 56 cts/share, as...
http://www.chemweek.com/people_and_business/companies/Sensient-Technologies-Earnings-Rise-11-percent-Beat-Estimates_41062.html
February 6, 2012
Topping the headlines last week, Dow Chemical swung to a $20 million fourth-quarter loss on a tax charge. Excluding the charge, earnings totaled $289 million, or 25 cts/share. Earnings...
http://www.chemweek.com/people_and_business/companies/Chemical-Finance-Digest-Jan-30-Feb-3_41048.html
February 6, 2012
BASF has started up a 60,000 m.t./year sodium methylate plant at Guaratingueta, Brazil, the company says. BASF invested “low-double digit million euros” in the plant, which...
http://www.chemweek.com/people_and_business/companies/BASF-Starts-Up-Sodium-Methylate-Plant-in-Brazil_41037.html
February 3, 2012
This Week on CW:   Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago...
http://www.chemweek.com/people_and_business/companies/Chemical-Industry-Weekly-News-Round-Up-Feb-3_41016.html
February 3, 2012
Dow Corning saw net fourth-quarter net income rise 3% year-on-year, to $260 million, the company says. Fourth-quarter sales were down 4%, to $1.52 billion, due to soft pricing...
http://www.chemweek.com/people_and_business/companies/Dow-Corning-Net-Income-Rises-3-percent-on-Long-Term-Sales-Contracts_41007.html
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