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February 18, 2014
Terra Nitrogen LP reported fourth quarter net earnings of $113.6 million, down 24% year-over-year (YOY) on sales down 17%, to $168 million. The company says results for the...
http://www.chemweek.com/people_and_business/companies/Terra-Nitrogen-reports-weak-quarter-on-price-slump_58889.html
February 18, 2014
Weak fertilizer prices pushed CF Industries’ earnings lower in the fourth quarter, with the company reporting net income of $325.8 million, down 30% year-over-year (YOY)...
http://www.chemweek.com/people_and_business/companies/CF-Industries-earnings-slump-on-weak-fertilizer-market_58888.html
February 18, 2014
Stepan today reported net income down 30.5% year-on-year (YOY), to $10.7 million, on sales up 11%, to $474.3 million. Excluding restructuring and deferred compensation expenses, net...
http://www.chemweek.com/people_and_business/companies/Stepan-earnings-miss-estimates_58876.html
February 18, 2014
Calgon Carbon announced today that its board as named Randall Dearth, current CEO of the company, as chairman, effective 1 May. Dearth will replace Seth Schofield, who announced his...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-CEO-named-board-chairman_58875.html
February 18, 2014
Westlake Chemical has declared a two-for-one split of the company's common stock and increased the quarterly cash dividend by 12%, to 25.2 cts/share, on a presplit basis....
http://www.chemweek.com/people_and_business/companies/Westlake-declares-stock-split-increases-dividend-12-percent_58869.html
February 18, 2014
Air Products says it has recently signed contracts with over 20 recycled copper manufacturers in China to provide its oxy-fuel solution—with about half of them onstream and...
http://www.chemweek.com/people_and_business/companies/Air-Products-provides-oxy-fuel-to-over-20-China-copper-recyclers_58877.html
February 18, 2014
Mosaic announced on 14 February that it had entered into a share-repurchase agreement with “certain Cargill family trusts” to buy about 8.2 million shares of Class A stock...
http://www.chemweek.com/people_and_business/companies/Mosaic-buys-back-8-2-million-shares-from-Cargill-trusts_58847.html
February 14, 2014
CP Kelco announced today that it is expanding capacity by 30% at the company’s pectins plant in Limeira, Brazil. Pectin is a texturizer derived from citrus peels and beet pulp...
http://www.chemweek.com/people_and_business/companies/CP-Kelco-expanding-pectins-capacity-in-Brazil_58833.html
February 14, 2014
Dérivés Résiniques et Terpéniques (DRT; Dax, France), a company that specializes in developing rosin and turpentine extracted from pine resin, has announced...
http://www.chemweek.com/people_and_business/companies/DRT-extends-terpenes-distribution-network_58831.html
February 14, 2014
Matheson Tri-Gas (Basking Ridge, NJ), a a subsidiary of Taiyo Nippon Sanso Corp. (TNSC; Shinagawa, Japan), has completed the acquisition of Continental Carbonic Products (Decatur...
http://www.chemweek.com/people_and_business/companies/Matheson-acquires-US-dry-ice-business-Continental-Carbonic-Products_58829.html
February 14, 2014
Private-equity backed PQ Corp. today filed for an initial public offering (IPO) that could be worth up $450 million, according to US regulatory documents. The company, a maker of...
http://www.chemweek.com/people_and_business/companies/PQ-files-for-IPO_58758.html
February 14, 2014
Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announce on 6 February....
http://www.chemweek.com/people_and_business/companies/Axiall-aims-to-restart-Lake-Charles-VCM-before-second-quarter_58601.html
February 14, 2014
Dow Chemical has rejected a proposal by hedge fund Third Point (New York) that the company spin off its petrochemical operations. The benefits of vertical integration, scale, and shared technologies would be lost, while a significant breakup, “simplistically described as petrochemical and specialty chemical assets,” would create no additional value, says Dow. In response, Third Point offered to sign a non-disclosure agreement to review Dow's analysis....
http://www.chemweek.com/people_and_business/companies/Dow-rejects-proposed-breakup-reaffirms-current-strategy-updated_58777.html
February 14, 2014
A percentage of Rentech Inc. shareholders, partially made up of investment firm members Engaged Capital and Lone Star Value Management calling themselves Concerned Rentech Shareholders...
http://www.chemweek.com/people_and_business/companies/Rentech-shareholders-urge-changes-reiterate-director-nominations_58815.html
February 14, 2014
Alpek, a subsidiary of Alfa (San Pedro Garza García, Mexico), posted net losses of $1 million for the last quarter of 2013, according to the group's results released this week...
http://www.chemweek.com/people_and_business/companies/Alpek-swings-to-a-net-loss-in-fourth-quarter_58824.html
February 13, 2014
International Flavors & Fragrances (IFF) today reported fourth-quarter net earnings down 9.7% year-on-year (YOY), to $61.5 million, or 75 cts/share, on revenues up 7%, to $725...
http://www.chemweek.com/people_and_business/companies/IFF-earnings-slightly-beat-estimates-on-higher-sales_58803.html
February 13, 2014
Koppers reports a net loss of $4.1 million compared to a net gain of $13.6 million in the year-ago quarter, citing restructuring costs and weakness in its carbon operations. Adjusted...
http://www.chemweek.com/people_and_business/companies/Koppers-reports-net-loss-in-fourth-quarter_58801.html
February 13, 2014
Momentive Performance Materials (MPM) announced today that it is raising capacity for its tantalum carbide (TaC) coatings due to rising demand from electronics applications, including...
http://www.chemweek.com/people_and_business/companies/Momentive-increases-capacity-for-tantalum-carbide-coatings_58816.html
February 12, 2014
Intrepid Potash reported a fourth-quarter net loss of $6 million, compared to a gain of $14.5 million in the year-ago quarter. Earnings of 8 cts/share were above analyst estimates of...
http://www.chemweek.com/people_and_business/companies/Intrepid-Potash-reports-earnings-drop_58788.html
February 12, 2014
Innospec today reported fourth-quarter net income of $28.7 million, or $1.17/share, more than double that of the year-ago period, on sales up 13% year-on-year (YOY), to $241.6 million...
http://www.chemweek.com/people_and_business/companies/Innospec-earnings-rise-on-acquisitions_58789.html
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