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August 5, 2015
Sales at North American chemical distributors rose 5.2% year-on-year (YOY) during 2014, according to the National Association of Chemical Distributors’ (NACD; Arlington, VA) most...
http://www.chemweek.com/people_and_business/companies/NACD-Distribution-sales-up-5-2-percent-last-year_72770.html
August 5, 2015
Innospec has reported second-quarter net income nearly doubled year-on-year (YOY), to $34.5 million, or $1.40/share, on sales up 10%, to $242.9 million. Adjusted earnings, which...
http://www.chemweek.com/people_and_business/companies/Innospec-earnings-rise-on-higher-sales_72769.html
August 5, 2015
Specialty chemicals company Altana (Wesel, Germany) says it has successfully adjusted and extended a syndicated line of credit for €250 million ($271.7 million). The credit...
http://www.chemweek.com/people_and_business/companies/Altana-extends-$274-million-credit-facility_72755.html
August 5, 2015
Swan Chemical, a wholly owned subsidiary of specialty chemicals firm Thomas Swan (Consett, UK) says it has acquired Production Systems Inc. (PSI; Akron, OH), a distributor of a range...
http://www.chemweek.com/people_and_business/companies/Swan-Chemical-acquires-Production-Systems-Inc-_72758.html
August 4, 2015
Sun Chemical (Parsippany, NJ), a wholly owned subsidiary of DIC (Tokyo), has announced that it has acquired Kingfisher Colours (Reading, UK), a privately owned cosmetics color...
http://www.chemweek.com/people_and_business/companies/Sun-Chemical-acquires-UK-cosmetics-color-firm_72723.html
August 4, 2015
Paints and coatings company Tikkurila (Helsinki) has reported that sales fell 7% year-on-year in second-quarter 2015, to €179.5 million ($196.9 million), compared with €192.9...
http://www.chemweek.com/people_and_business/companies/Tikkurila-sales-fall-in-second-quarter-and-first-half-but-profitability-improves_72721.html
August 4, 2015
Evonik Industries has posted sales of €3.52 billion ($3.86 billion) in the second quarter, up 8% year-on-year (YOY). Adjusted net income leaped by 70% YOY, to €307 million...
http://www.chemweek.com/people_and_business/companies/Evonik-sales-increase-Ebitda-rockets-raises-full-year-outlook-again_72717.html
August 4, 2015
Balchem reported second-quarter net earnings of $14.9 million, up 53% year-on-year (YOY). Revenue increased 2% (YOY), to $134.7 million. Reported adjusted earnings of 62 cts/share were...
http://www.chemweek.com/people_and_business/companies/Balchem-earnings-up-53-percent-on-Sensory-Effects-acquisition-and-margin-gains_72746.html
August 4, 2015
Axalta today reported a second-quarter net loss of $25.1 million, compared with a profit of $53.8 million in the year-ago quarter. Sales declined 3.5% year-on-year (YOY), to $1.09...
http://www.chemweek.com/people_and_business/companies/Axalta-results-hit-by-strong-dollar_72745.html
August 4, 2015
Cabot today reported a fiscal third-quarter net loss of $445 million, or $7.04/share, mostly due to a $482-million asset impairment charge related to the Supreme Court’s recent...
http://www.chemweek.com/people_and_business/companies/Cabot-swings-to-loss-on-MATS-ruling-charge-lower-sales_72731.html
August 4, 2015
M. Holland Co. (Northbrook, IL) has completed the formation of its new affiliate in Mexico, M. Holland Latinoamérica. The business is a partnership between M. Holland and...
http://www.chemweek.com/people_and_business/companies/M-Holland-partners-with-Mexican-distributor-to-expand-Latin-American-presence_72722.html
July 31, 2015
Debt refinancing is a risk for a group of nine high-yield-rated chemical companies with a total of about $5 billion in debt maturing in 2017 or 2018, according to a new report by...
http://www.chemweek.com/people_and_business/companies/Moodys-Debt-refinancing-a-risk-for-some-private-equity-owned-chemical-companies_72652.html
July 31, 2015
The European Commission has given the green light to the French government to release €125 million ($138.1 million) in state aid to chlor-alkali and polyvinyl chloride (PVC)...
http://www.chemweek.com/people_and_business/companies/European-Commission-approves-French-state-aid-to-Kem-One_72476.html
July 30, 2015
Quaker Chemical today announced second-quarter net income down 2.6% year-on-year (YOY), to $15.0 million, or $1.13/share, on sales down 4.0%, to $183.7 million. Volumes were up by 4%...
http://www.chemweek.com/people_and_business/companies/Quaker-Chemical-earnings-fall_72624.html
July 30, 2015
Repsol's (Madrid) petrochemical sales volumes increased marginally during the second quarter, to 683,000 m.t., the company says. Repsol does not disclose the net profit generated by...
http://www.chemweek.com/people_and_business/companies/Repsols-petchem-volumes-inch-up-downstream-activities-offset-upstream-weakness_72569.html
July 30, 2015
Air Products today reported fiscal third-quarter net income up 2% year-on-year (YOY), to $318.8 million, or $1.47/share, on sales down 6%, to $2.47 billion. Excluding restructuring and...
http://www.chemweek.com/people_and_business/companies/Air-Products-earnings-beat-estimates-despite-sales-decline_72564.html
July 30, 2015
FMC will establish a European regional headquarters and research facility at Horsholm, a suburb of Copenhagen, Denmark. The company's European Innovation Center (EIC) will be located...
http://www.chemweek.com/people_and_business/companies/FMC-to-establish-European-regional-headquarters-in-Denmark_72562.html
July 30, 2015
Evonik Industries is globalizing its R&D activities for the global cosmetics industry, and at the same time using local R&D to strengthen its position in important growth...
http://www.chemweek.com/people_and_business/companies/Evonik-expands-global-R-and-D-for-cosmetics-personal-care_72560.html
July 30, 2015
Royal Dutch Shell says that it will cut 6,500 jobs this year, almost 7% of its total workforce, as part of additional cost-cutting plans designed to offset the impact of a prolonged...
http://www.chemweek.com/people_and_business/companies/Shell-to-cut-6500-jobs-group-wide-in-response-to-continued-low-oil-prices_72553.html
July 29, 2015
Ashland today reported fiscal third-quarter net income of $107 million, or $1.56/share, up 8.1% year-on-year (YOY), on sales down 14.9%, to $1.37 billion. Adjusted earnings from...
http://www.chemweek.com/people_and_business/companies/Ashland-earnings-rise-despite-lower-sales_72542.html
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