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October 29, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments. “[W]e know that our businesses strongly benefit from being a part of DuPont,” DuPont chair and CEO Ellen Kullman says in the letter....
http://www.chemweek.com/people_and_business/companies/DuPont-makes-its-case-against-further-break-up_64874.html
October 28, 2014
Mississippi Phosphates Corp (Pascagoula, MS), a producer of diammonium phosphate fertilizer (DAP) has filed for Chapter 11 bankruptcy protection. Two affiliates—Ammonia Tank...
http://www.chemweek.com/people_and_business/companies/Mississippi-DAP-fertilizer-producer-files-for-bankruptcy_64872.html
October 28, 2014
Chemtura today reported that it swung to a third-quarter net profit of $15 million, compared with a net loss of $44 million in the year-ago quarter, on sales down 2% year-on-year...
http://www.chemweek.com/people_and_business/companies/Chemtura-misses-estimates-launches-cost-cutting-program_64873.html
October 28, 2014
Compass Minerals reports a jump in third-quarter results, with year-on-year (YOY) net earnings rising skyrocketing to $87.9 million from $15.4 million on sales up 30% YOY, to...
http://www.chemweek.com/people_and_business/companies/Compass-Minerals-results-jump-on-insurance-settlement_64853.html
October 28, 2014
Cabot announced today that it has entered into two separate contracts to provide activiated carbon products to energy utilities in Arkansas, Louisiana, Mississippi, Missouri, and...
http://www.chemweek.com/people_and_business/companies/Cabot-to-provide-activated-carbon-to-several-US-facilities_64852.html
October 28, 2014
Packaging products maker MeadWestvaco (MWV) today reported income from continuing operations up 72% year-on-year (YOY) to $105 million, or 60 cts/share, on sales up 7%, to $1.47...
http://www.chemweek.com/people_and_business/companies/MeadWestvaco-earnings-beat-estimates-specialty-chemicals-results-improve_64860.html
October 28, 2014
Ecolab today announced third-quarter net income up 18% year-on-year (YOY), to $364.9 million, or $1.19/share, on net sales up 6%, to $3.69 billion. Adjusted net income rose 16% YOY, to...
http://www.chemweek.com/people_and_business/companies/Ecolab-earnings-rise-on-strong-energy-results_64856.html
October 27, 2014
Fertilizers and chemicals producer Grupa Azoty (Tarnów, Poland) is targeting up to 10 overseas acquisitions in an effort to diversify away from the Polish market, says company...
http://www.chemweek.com/people_and_business/companies/Report-Polands-Grupa-Azoty-plans-overseas-acquisition-spree_64818.html
October 24, 2014
DuPont has named James Collins and Matthew Trerotola as executive v.p.'s  and members of the company’s office of the chief executive, effective 1 December. The company has also announced that Thomas Connelly, executive v.p. and chief innovation officer, will retire at year end....
http://www.chemweek.com/people_and_business/companies/DuPont-names-executive-v-p-s-chief-innovation-offier-to-retire_64787.html
October 23, 2014
Sensient Technologies today reported third-quarter net earnings down 32.4% year-on-year (YOY), to $21.3 million, on sales down 1.6%, to $364.5 million. Adjusted earnings from...
http://www.chemweek.com/people_and_business/companies/Sensient-Technologies-net-earnings-decline-adjusted-earnings-beat-estimates_64771.html
October 23, 2014
Minerals Technologies (MTI) today reported net income up 69% year-on-year (YOY), to $37 million, on sales up 114%, to $543.5 million. The large increase in sales was mostly due to the...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-earnings-beat-estimates_64770.html
October 23, 2014
PolyOne today reported third-quarter net income from continuing operations up 39.2% year-on-year (YOY), to $32.3 million, on sales down 4.3%, to $958 million. Sales fell because the...
http://www.chemweek.com/people_and_business/companies/PolyOne-earnings-rise-on-higher-sales_64766.html
October 23, 2014
IFF says it has elected Michael Ducker, president/international and COO of FedEx Express, a part of shipping company FedEx, (Memphis, TN) to its board of directors, effective...
http://www.chemweek.com/people_and_business/companies/IFF-elects-new-director_64718.html
October 23, 2014
Airgas reports a 6% year-over-year (YOY) increase in sales, to $1.36 billion for the quarter ended 30 September, with acquisitions, gas and rent, and hardgoods contributing to growth...
http://www.chemweek.com/people_and_business/companies/Airgas-reports-4-percent-earnings-growth_64716.html
October 23, 2014
PotashCorp today reported third quarter net income of $317 million, down 10% year-over-year (YOY). The company says that although potash and nitrogen performance improved YOY, higher...
http://www.chemweek.com/people_and_business/companies/PotashCorp-third-quarter-earnings-dip-on-lower-offshore-contributions_64715.html
October 22, 2014
The sharp drop in crude oil prices has increased near-term volatility, but will not stop ethylene margins from marching toward a peak over the next two years, say Dow officials....
http://www.chemweek.com/people_and_business/companies/Lower-crude-prices-wont-cut-off-ethylene-margins-at-the-peak-Dow-says_64692.html
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/people_and_business/companies/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/people_and_business/companies/Schulman-earnings-beat-estimates-on-solid-sales-increases_64690.html
October 22, 2014
A. Schulman announced today that it is cutting 40 jobs in Europe, the Middle East, and Africa (EMEA), mostly in back office and support functions, as part of a restructuring to...
http://www.chemweek.com/people_and_business/companies/Schulman-to-cut-support-functions-in-EMEA-restructuring_64678.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/people_and_business/companies/Eastman-completes-plasticizers-capacity-expansion_63889.html
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