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February 26, 2015
Ferro today reported fourth-quarter net income down 81% year-on-year (YOY), to $11.4 million, on sales down 5%, to $260.9 million. The company reported a loss from continuing...
http://www.chemweek.com/people_and_business/companies/Ferro-earnings-tumble-on-lower-sales_68119.html
February 26, 2015
Koppers today reported a fourth-quarter net loss of $33.5 million, or $1.67/share, compared with a loss of $4.1 million in the year-ago quarter. Net sales grew by 25% year-on-year...
http://www.chemweek.com/people_and_business/companies/Koppers-loss-widens-on-negative-oil-impacts_68117.html
February 26, 2015
Petrobras has hired JP Morgan Chase to run $3 billion worth of asset sales planned for this year, according to a Reuters report citing two sources with direct knowledge. ...
http://www.chemweek.com/people_and_business/companies/Report-Petrobras-mulls-$3-billion-asset-sale_68115.html
February 26, 2015
Mitsubishi Gas Chemical (MGC) says that it will increase its stake in foamed plastics firm JSP Corp. (Tokyo) from 42% to about 51%, through a tender offer. JSP, which was established...
http://www.chemweek.com/people_and_business/companies/Mitsubishi-Gas-Chemical-to-increase-stake-in-foamed-plastics-firm-JSP_68114.html
February 25, 2015
Chemtura today reported fourth-quarter adjusted net earnings from continuing operations of $8 million, or 10 cts/share, down 50% year-on-year (YOY), on net sales down 14%, to $467...
http://www.chemweek.com/people_and_business/companies/Chemtura-beats-estimates-despite-lower-sales_68105.html
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
http://www.chemweek.com/people_and_business/companies/Alpeks-loss-widens-in-fourth-quarter-exits-Russian-JV_68051.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/people_and_business/companies/LyondellBasells-CFO-to-leave-the-company_68035.html
February 24, 2015
Royal Dutch Shell says that it has made a final investment decision to rebuild the Ellba propylene oxide–styrene monomer (POSM) plant at Shell Chemicals' Moerdijk, Netherlands...
http://www.chemweek.com/people_and_business/companies/Shell-confirms-plans-to-rebuild-Moerdijk-POSM-unit-aromatics-plant-back-onstream-cracker-to-restart-in-third-quarter_68034.html
February 24, 2015
Valspar today reported fiscal first-quarter net income that almost doubled year-on-year (YOY), to $104 million, on net sales up 4%, to $992 million. Adjusted net income rose 16.4% YOY...
http://www.chemweek.com/people_and_business/companies/Valspar-beats-estimates-but-cuts-full-year-sales-guidance_68047.html
February 24, 2015
The current arctic blast in the US northeast has so far had little operational impact on refinery operations in that region. Weather forecasts are showing that temperatures on 24...
http://www.chemweek.com/people_and_business/companies/US-east-coast-refiners-report-little-operational-impact-from-freezing-temperatures_68019.html
February 23, 2015
Asahi Kasei will retain Polypore’s energy storage business, a maker of polymer membranes that separate the cathode and anode in batteries. As part of the deal, 3M (St. Paul, MN) will acquire the assets of Polypore’s separations media business, which produces membranes and membrane modules used in hemodialysis, blood oxygenation, plasmapheresis, other medical applications, for about $1 billion immediately prior to Asahi Kasei’s acquisition of Polypore....
http://www.chemweek.com/people_and_business/companies/Asahi-Kasei-to-acquire-Polypore-in-deal-valued-at-$3-2-billion_68006.html
February 23, 2015
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets...
http://www.chemweek.com/people_and_business/companies/Braskem-board-yet-to-approve-2015-budget-future-of-Comperj-petchems-project-uncertain_68005.html
February 20, 2015
Omnova Solutions has agreed to support two board nominees backed by activist investor Barington Capital (New York), avoiding a possible proxy fight....
http://www.chemweek.com/people_and_business/companies/Omnova-and-Barington-reach-agreement-on-board-seats_67977.html
February 20, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced sales of €875,000 ($997,000) in fourth-quarter 2014, compared €375,000 in the...
http://www.chemweek.com/people_and_business/companies/METabolic-EXplorer-announces-sales-of-$997000-in-fourth-quarter-2014_67968.html
February 20, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) has confirmed that workers at the company's Dead Sea Works (DSW) subsidiary launched a full strike yesterday at DSW's bromine plant at Sodom...
http://www.chemweek.com/people_and_business/companies/Workers-launch-strike-at-ICL-plant-in-Israel_67973.html
February 19, 2015
Calgon Carbon has reported fourth quarter net income up 10% year-on-year (YOY), to $12.1 million, on sales up 5.7%, to $140.6 million. The activated carbon segment, which constitutes...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-earnings-rise-on-strong-activated-carbon-sales_67901.html
February 18, 2015
CropEnergies (Mannheim, Germany) has temporarily paused production at its Ensus (Wilton, UK) bioethanol subsidiary. The production facility was taken offline a few days ago for...
http://www.chemweek.com/people_and_business/companies/CropEnergies-pauses-bioethanol-production-at-UK-site-citing-low-prices-euro-weakness_67857.html
February 18, 2015
Innospec has reported net income down 3.0% year-on-year (YOY), to $27.9 million, or $1.11/share, on sales up 20%, to $290.7 million. Ebitda rose 28% YOY, to $49.5 million, while...
http://www.chemweek.com/people_and_business/companies/Innospec-net-income-declines-despite-higher-sales_67865.html
February 18, 2015
Specialty chemical maker MacDermid has named Scott Benson president, effective 20 February. Benson will have responsibility for all of MacDmermid’s operations, including the...
http://www.chemweek.com/people_and_business/companies/MacDermid-names-new-president_67878.html
February 18, 2015
Stepan today reported net income down 42% year-on-year (YOY), to $6.2 million, or 27 cts/share, on sales down 4%, to $454.2 million. Adjusted net income totaled $8.8 million, or 38...
http://www.chemweek.com/people_and_business/companies/Stepan-misses-estimates-on-weak-surfactants-results_67864.html
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