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July 24, 2015
Celanese has named Chris Jenson, currently interim CFO, to its permanent CFO position. Jensen has served as Celanese’s interim CFO since May 2014. He joined Celanese in 2005 and...
July 24, 2015
Braskem (São Paulo) and Tecon Rio Grande (Rio Grande, Brazil), a wholly owned subsidiary of Wilson Sons (Hamilton, Bermuda), have signed a partnership to resume moving...
July 24, 2015
The European Commission has approved CVC Capital Partners' (London) acquisition of a majority stake of Royal DSM's fiber intermediates and composite resins business, including DSM...
July 24, 2015
Sensient Technologies (Milwaukee) has reported lower sales and operating income in the second quarter of this year compared with the corresponding period a year ago. Revenue in...
July 24, 2015
Synthetic rubber maker Synthos (Oswiecim, Poland) and Poland’s National Centre for Research and Development (NCBR) say they have signed a joint venture agreement under which they...
July 23, 2015
Molycorp today said it has received court approval for $130 million in debtor-in-possession (DIP) financing from Oaktree Capital Management (New York). The approval represents a larger...
July 23, 2015
Recipharm (Jordbro, Sweden), a contract development and manufacturing organization, says that its net sales in second-quarter 2015 were 868 million Swedish kroner ($101.2 million)...
July 23, 2015
3M today reported second-quarter net income that was up 2.6% year-on-year (YOY), at $1.30 billion, on sales down 5.5%, to $7.69 billion. Earnings totaled $2.02/share, slightly ahead of...
July 22, 2015
Stepan Wednesday reported second quarter net income down 31% year-on-year (YOY), to $16.9 million, or $1.67/share, on net sales down 10%, to $452.4 million. Adjusted net income totaled...
July 22, 2015
Shaoxing Yuandong Petrochemical (Shaoxing, China) has filed for liquidation. The company says it lacks the ability to repay debt due for repayment. The company held a provisional...
July 22, 2015
The board of Petrobras (Rio de Janeiro) has confirmed that the company is considering "strategic alternatives" for its wholly owned fuel-distribution subsidiary, Petrobras...
July 22, 2015
Petrobras (Rio de Janeiro) has confirmed that an internal investigation committee has found irregularities in the approval process of a July 2009 contract to provide Braskem...
July 22, 2015
Lonza reports a 2.5% increase in net profit for the first half of 2015 compared with the same period last year, to 166 million Swiss francs, on sales up 5.8%, to SF1.9 billion...
July 22, 2015
Evonik Industries has inaugurated a business and innovation center in the area of Richmond, VA. The center will combine R&D, marketing, sales, customer service, and various support...
July 22, 2015
Global Bioenergies' (Evry, France) biobased isobutene process is now adapted for the use of sucrose, the main component of sugar cane and sugar beet. Global Bioenergies’...
July 20, 2015
Renewable chemicals firm Genomatica (San Diego) has announced that has entered into a collaboration agreement with Cargill to “accelerate the production of renewable chemicals...
July 20, 2015
Hanwha Chemical (Seoul) has merged its Hanwha Compound and Hanwha Next subsidiaries under the Hanwha Compound business, according to local news reports. The combined entity will...
July 20, 2015
GFBiochemicals (Milan) announced at the BIO World Congress on Industrial Biotechnology, at Montreal that it has started commercially producing levulinic acid (4-oxopentanoic acid) at...
July 17, 2015

Celanese reports second-quarter net earnings of $201 million, down 28% year-on-year (YOY) from $258 million. Sales totaled $1.48 billion, down 20% YOY from $1.77 billion. Adjusted earnings of $1.58/share easily beat the analysts’ consensus estimate of $1.42/share compiled by Thomson Reuters (New York).


July 17, 2015
Ineos is relocating many of its corporate functions back to the United Kingdom from Switzerland, says chairman Jim Ratcliffe in an interview that appears today in the London Evening...
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