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July 28, 2015
Ecolab Tuesday reported second-quarter net income down 3% year-on-year (YOY), to $302.0 million, on sales down 5%, to $3.39 billion. Adjusted earnings totaled $1.08/share, up 5% YOY...
http://www.chemweek.com/people_and_business/companies/Ecolab-earnings-match-estimates-but-fall-on-currency-impacts-energy-weakness_72479.html
July 28, 2015
Airgas today reported fiscal 2016 first-quarter earnings that declined 1% year-on-year (YOY), to $88.2 million, on sales up 3%, to $1.35 billion. Earnings totaled $1.16/share, down 2%...
http://www.chemweek.com/people_and_business/companies/Airgas-narrowly-beats-estimates-narrows-guidance_72481.html
July 27, 2015
RPM Monday reported fiscal fourth-quarter net income up 18% year-on-year (YOY), to $128.0 million, on sales up 7.5%, to $1.37 billion. Earnings totaled 94 cts/share, beating...
http://www.chemweek.com/people_and_business/companies/RPM-earnings-beat-estimates-on-higher-sales_72450.html
July 27, 2015
Amyris (Emeryville, CA), has signed definitive agreements for the previously announced conversion and restructuring of approximately $175 million of debt, to be converted to Amyris...
http://www.chemweek.com/people_and_business/companies/Amyris-announces-debt-to-common-stock-conversion-private-placement_72443.html
July 24, 2015
RPM International has announced three executive promotions. Kenneth Armstrong has been named v.p./environmental, health, and safety; Tracy Crandall, v.p., associate general counsel...
http://www.chemweek.com/people_and_business/companies/RPM-promotes-three-execs_72422.html
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...
http://www.chemweek.com/people_and_business/companies/Celanese-interim-CFO-named-to-permanent-position_72420.html
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...
http://www.chemweek.com/people_and_business/companies/Braskem-signs-partnership-to-improve-transport-at-Triunfo-petchem-hub-in-Brazil_72417.html
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...
http://www.chemweek.com/people_and_business/companies/European-Commission-clears-CVC-acquisition-of-DSM-polymer-intermediate-assets-in-Europe-and-China_72416.html
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...
http://www.chemweek.com/people_and_business/companies/Sensient-reports-leap-in-adjusted-income-on-lower-sales-in-second-quarter_72415.html
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...
http://www.chemweek.com/people_and_business/companies/Synthos-and-Polands-national-R-and-D-center-sign-JV-for-innovation_72418.html
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...
http://www.chemweek.com/people_and_business/companies/Molycorp-receives-larger-DIP-financing-approval_72398.html
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)...
http://www.chemweek.com/people_and_business/companies/Recipahrm-sales-profit-increase-by-double-digits-in-second-quarter-and-first-half_72388.html
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...
http://www.chemweek.com/people_and_business/companies/3M-earnings-rise-despite-sales-decline-industrial-segment-down_72397.html
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...
http://www.chemweek.com/people_and_business/companies/Stepan-falls-short-of-estimates-on-currency-impacts_72367.html
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...
http://www.chemweek.com/people_and_business/companies/China-PTA-company-files-for-liquidation_72359.html
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...
http://www.chemweek.com/people_and_business/companies/Petrobras-confirms-it-is-considering-options-for-fuel-distribution-unit_72356.html
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...
http://www.chemweek.com/people_and_business/companies/Petrobras-internal-investigation-finds-irregularities-in-2009-naphtha-contract-with-Braskem_72355.html
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...
http://www.chemweek.com/people_and_business/companies/Lonzas-earnings-sales-rise-on-restructuring-firm-demand-more-job-cuts-planned-at-Swiss-site_72354.html
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...
http://www.chemweek.com/people_and_business/companies/Evonik-opens-$15-4-million-business-and-innovation-center-in-Virginia_72351.html
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’...
http://www.chemweek.com/people_and_business/companies/Global-Bioenergies-adapts-biobased-isobutene-process-to-use-sugarcane-and-sugar-beet_72337.html
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