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May 7, 2013
Innospec today reported first-quarter net income down 26.8% year-on-year (YOY), to $18 million, on sales that were flat, at $199.4 million. Adjusted earnings totaled 72 cts/share, down...
http://www.chemweek.com/people_and_business/companies/Innospec-earnings-down-as-sales-remain-flat_51821.html
May 7, 2013
International Flavors & Fragrances (IFF) today reported net income up 11.2% year-on-year (YOY), to $90.7 million, or $1.10/share, on sales up 2.4%, to $727.8 million. Adjusted net...
http://www.chemweek.com/people_and_business/companies/IFF-earnings-beat-estimates-on-strong-sales_51820.html
May 7, 2013
OMV (Vienna) has earmarked €230 million ($301.6 million) to build a new butadiene plant at the petrochemical complex that forms part of the company's Burghausen, Germany, refinery...
http://www.chemweek.com/people_and_business/companies/OMV-earmarks-&euro230-million-for-new-butadiene-capacity-in-Germany-and-Austria_51815.html
May 7, 2013
The final resolution has been completed in the K-Dow arbitration between Dow Chemical and the Petrochemical Industries Company (PIC; Kuwait City, Kuwait), with Dow confirming today...
http://www.chemweek.com/people_and_business/companies/Dow-awarded-final-$2-2-billion-payment-in-K-Dow-arbitration_51816.html
May 7, 2013
(This story has been corrected. An earlier version stated that Westlake's first quarter net income increased by 190% YOY, whereas the actual increase was 40%. We regret the...
http://www.chemweek.com/people_and_business/companies/Westlake-earnings-leap-40-percent-YOY-beat-street-estimate-corrected_51768.html
May 6, 2013
Glass Lewis (San Francisco), a corporate governance research and proxy advisory firm, has endorsed Ferro’s three board nominees—Richard Brown, Gregory Hyland, and Ronald...
http://www.chemweek.com/people_and_business/companies/Proxy-advisory-firm-endorses-Ferro-director-slate_51779.html
May 6, 2013
Calgon Carbon today reported net income up 27.3% year-on-year (YOY), to $9.8 million, on sales down 1.2%, to $135 million. Earnings totaled 18 cts/share, beating analysts’...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-earnings-rise-27-percent_51777.html
May 6, 2013
International Flavors & Fragrances (IFF) says it will close its fragrance ingredient manufacturing plant at Augusta, GA, by July 2014 as part of the company’s...
http://www.chemweek.com/people_and_business/companies/IFF-to-close-Georgia-fragrance-ingredients-plant_51776.html
May 6, 2013
The West Fertilizer Co. plant that exploded on 17 April killing 14 people, injuring over 200 others, and causing millions of dollars in damage was recently found to be holding...
http://www.chemweek.com/people_and_business/companies/West-Fertilizer-Co-held-$1-million-in-liability-coverage-faced-multiple-robberies_51770.html
May 3, 2013

A fire at an ethylene purification unit at Formosa Plastics’ complex at Point Comfort, TX yesterday, injured 14 people. Eight of the injured have been treated and released as of Friday morning, according to a company spokesperson. 

The fire occurred in an ethylene purification area near the site’s “PE 1” high-density polyethylene (HDPE) production unit. 

...

http://www.chemweek.com/people_and_business/companies/Fire-injures-14-at-Formosas-Point-Comfort-TX-site_51743.html
May 3, 2013
Koppers today reported net income down 27.7% year-on-year (YOY), to $11 million, or 53 cts/share, on sales down 2.8%, to $370.4 million. Adjusted earnings of 54 cts/share fell short of...
http://www.chemweek.com/people_and_business/companies/Koppers-earnings-down-on-lower-sales_51755.html
May 3, 2013
Private equity firm Sun Capital (Boca Raton, FL) says it will combine five of the packaging companies its owns under its Exopack Holdings (Spartanburg, SC) investment. The...
http://www.chemweek.com/people_and_business/companies/Sun-Capital-to-combine-packaging-investments-under-Exopack_51745.html
May 3, 2013
ASK Chemicals, a 50-50 joint venture between Ashland and Clariant, sold granulate, coatings, and hot top metal casting products to Iranian government entities, Ashland said in a...
http://www.chemweek.com/people_and_business/companies/Ashland-Clariant-JV-sold-casting-products-to-Iran_51753.html
May 2, 2013
Chemtura today reported a first-quarter net loss from continuing operations of $22 million, compared with a profit of $22 million in the year-ago period. Net sales declined 1.9%...
http://www.chemweek.com/people_and_business/companies/Chemtura-earnings-fall-short-of-estimates-on-soft-demand_51715.html
May 2, 2013
OM Group today reported a fourth-quarter net loss of $109.7 million, compared with a profit of $11.9 million in the year-ago quarter. The loss was mostly due to a $112 million non-cash...
http://www.chemweek.com/people_and_business/companies/OM-Group-beats-estimates-despite-sales-decline_51688.html
May 2, 2013
Arkema has launched production of Rilsan T, a biobased nylon-10,10 processed from castor oil, at the company's production facility at Serquigny, France, the company has announced. The...
http://www.chemweek.com/people_and_business/companies/Arkema-launches-production-of-biobased-nylon-1010_51687.html
May 2, 2013
Weather-related delays in the spring planting and potash application season resulted in a drop in earnings and sales for Intrepid Potash (Denver, CO) in its first quarter 2013...
http://www.chemweek.com/people_and_business/companies/Intrepid-Potash-reports-earnings-drop-on-weather-delays_51656.html
May 2, 2013
Odebrecht (Salvador, Brazil) is planning to invest heavily in Latin America across various industries including petrochemicals, according to various media reports. Projects the company...
http://www.chemweek.com/people_and_business/companies/Odebrecht-bids-for-gas-pipeline-in-Peru-to-supply-Pacific-coast-petchem-complex_51665.html
May 2, 2013
Westlake (Houston) has completed its previously announced $175-million acquisition of CertainTeed's pipe and foundation group (PFG) business. The business provides specialty polyvinyl...
http://www.chemweek.com/people_and_business/companies/Westlake-closes-purchase-of-CertainTeeds-PFG-business_51657.html
May 2, 2013
Shell's chemicals earnings were up 13% year-over-year during the first quarter to €555 million ($731.7 million) on a current cost of supply basis, the company announced today...
http://www.chemweek.com/people_and_business/companies/Shells-earnings-from-petchem-activities-up-over-13-percent_51668.html
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