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May 8, 2014
Petrochemical producer TVK (Tiszaújváros, Hungary) says sales in first-quarter 2014 were 8.54 billion Hungarian forint ($38.6 million), compared with Ft5.63 billion in...
http://www.chemweek.com/people_and_business/companies/TVK-first-quarter-sales-rise-by-3-percent-Ebitda-leaps-by-52-percent_60899.html
May 8, 2014
Paints and coatings company Tikkurila (Helsinki) says that its revenue for the first quarter of 2014 increased to €141.5 million ($196.8 million), compared with €138.4...
http://www.chemweek.com/people_and_business/companies/Tikkurila-sales-increase-by-2-2-percent-in-first-quarter-2014-Ebit-jumps-28-5-percent-YOY_60898.html
May 7, 2014
Balchem says it has completed the acquisition of SensoryEffects, a maker of food ingredients, for $567 million. The deal was announced in early April. SensoryEffects will maintain its...
http://www.chemweek.com/people_and_business/companies/Balchem-closes-acquisition-of-SensoryEffects_60887.html
May 7, 2014
Arkema will cease production at its coating resins production unit at Stallingborough, UK, the company confirmed today. The plant was formerly part of Cray Valley, a Total subsidiary...
http://www.chemweek.com/people_and_business/companies/Arkema-to-cease-coating-resins-production-at-UK-site_60865.html
May 7, 2014
Rockwood today reported first-quarter net income of $21.7 million, more than double that of the year-ago quarter. Net sales totaled $354.5 million, up 5.2% year-on-year (YOY). Adjusted...
http://www.chemweek.com/people_and_business/companies/Rockwood-earnings-rise-on-solid-surface-treatment-results_60863.html
May 7, 2014
Innospec has reported first-quarter net income down 6% year-on-year (YOY), to $16.9 million, on sales up 11%, to $220.7 million. Adjusted earnings, excluding some foreign currency and...
http://www.chemweek.com/people_and_business/companies/Innospec-earnings-fall-despite-rising-sales_60864.html
May 7, 2014
Symrise (Holzminden, Germany) says it increased sales in the first quarter of 2014 of €470 million ($654 million) compared with €458 million in the year-ago quarter, or 2.6%...
http://www.chemweek.com/people_and_business/companies/Symrise-sales-up-2-6-percent-in-first-quarter-Ebitda-rises-by-9-0-percent_60854.html
May 7, 2014
Linde says it achieved sales of €4.05 billion ($5.63 billion) in first-quarter 2014, an increase of 1.5% versus the year-ago quarter, or 7.3% after adjusting for exchange rate...
http://www.chemweek.com/people_and_business/companies/Linde-operating-profit-falls-2-7-percent-on-slight-revenue-increase-confirms-2014-outlook_60848.html
May 7, 2014
Evonik says it achieved sales of €320 billion ($4.45 billion) in first-quarter 2014, close to the prior-period level of €3.21 billion, a slight organic sales growth of 1%...
http://www.chemweek.com/people_and_business/companies/Evonik-Ebitda-falls-24-percent-on-organic-sales-growth-of-1-percent-reiterates-outlook-for-2014_60860.html
May 6, 2014
FMC today reported first-quarter net income down by about half year-on-year (YOY), to $65.6 million, or 49 cts/share, on revenues up 3%, to $942 million. Earnings excluded some charges...
http://www.chemweek.com/people_and_business/companies/FMC-earnings-fall-as-ag-results-hit-by-bad-weather_60841.html
May 6, 2014
Platform Specialty Products today announced that it will issue $200 million in shares of common stock in a private placement. The placement is expected to close on 20 May. Platform...
http://www.chemweek.com/people_and_business/companies/Platform-Specialty-Products-commences-private-placement_60840.html
May 6, 2014
Mosaic today reported net income down 43% year-on-year (YOY), to $218 million, or 54 cts/share, on sales down 13%, to $2 billion. "While weather continued to create challenges in...
http://www.chemweek.com/people_and_business/companies/Mosaic-earnings-fall-on-lower-selling-prices_60828.html
May 6, 2014
AkzoNobel today officially inaugurated a membrane-process chlorine plant at the Höchst, Germany, industrial park, near Frankfurt. Management, employees, customers, and politicians...
http://www.chemweek.com/people_and_business/companies/AkzoNobel-inaugurates-chlor-alkali-plant-in-Germany-CEO-confirms-targets_60827.html
May 6, 2014
US Water Services (St. Michael, MN) has acquired Water Chemical Service (Waterchem; Aberdeen, MD), a maker of pathogen control products, for an undisclosed sum, the company says. The...
http://www.chemweek.com/people_and_business/companies/US-Water-Services-acquires-treatment-firm-in-Mid-Atlantic_60826.html
May 6, 2014
International Flavors & Fragrances (IFF) today reported first-quarter net income up 18% year-on-year (YOY), to $106.7 million or $1.30/share, on sales up 6%, to $770 million...
http://www.chemweek.com/people_and_business/companies/IFF-earnings-beat-estimates-on-strong-sales_60825.html
May 6, 2014
DSM reports a €99-million ($137.4 million) net profit from continuing operations in the first quarter, down 21% year-on-year (YOY) as a result of currency movements, the company...
http://www.chemweek.com/people_and_business/companies/DSMs-net-profit-drops-21-percent-on-currency-movements_60822.html
May 6, 2014
Solvay reports €121 million ($167.8 million) in adjusted net income for the first quarter, up 20% year-on-year (YOY) and beating the company's previous forecasts, as demand...
http://www.chemweek.com/people_and_business/companies/Solvays-net-income-up-20-percent_60820.html
May 5, 2014
Koppers Holdings today reported net income down 80% year-on-year (YOY), to $2.2 million, or 11 cts/share, on sales down 11%, to $331.4 million. Adjusted earnings totaled $6.6 million...
http://www.chemweek.com/people_and_business/companies/Koppers-earnings-plummet-on-weak-carbon-materials-results_60785.html
May 5, 2014
Platform Specialty Products today reported a first-quarter net loss of $5.9 million compared with income of $15.3 million in the year-ago quarter, on sales up 1% year-on-year (YOY), to...
http://www.chemweek.com/people_and_business/companies/Platform-Specialty-Products-reports-loss_60782.html
May 2, 2014
Activist hedge fund Third Point, led by Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year. Third Point says in a 1 May letter to investors that the earnings gap is the result of the “result of a strategy focused more on selling downstream products than on maximizing profits.”...
http://www.chemweek.com/people_and_business/companies/Hedge-fund-Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60770.html
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