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July 29, 2015
Ferro today reported second-quarter net income down 34.0% year-on-year (YOY), to $6.6 million, on sales down 8.8%, to $268.2 million. Net income was impacted by restructuring charges...
http://www.chemweek.com/people_and_business/companies/Ferro-falls-short-of-estimates-cuts-guidance_72541.html
July 29, 2015
The World Bank has recommended that the Armenian government put Nairit (Yerevan), a debt-ridden synthetic rubber plant, into bankruptcy. The World Bank announced last February that it...
http://www.chemweek.com/people_and_business/companies/Armenian-government-rejects-bankruptcy-recommendation-for-synthetic-rubber-plant_72516.html
July 29, 2015
Praxair today reported second-quarter net income down 34% year-on-year (YOY), to $308 million, or $1.06/share, on sales down 12%, to $2.74 billion. Earnings were hit by negative...
http://www.chemweek.com/people_and_business/companies/Praxair-earnings-fall-short-of-estimates-on-weakness-in-energy_72521.html
July 29, 2015
Westlake Chemical Partners (WLKP; Houston ) filed comments on 28 July with the IRS arguing against proposed regulations that would not allow master limited partnerships (MLPs) based on the steam cracking of natural gas liquids....
http://www.chemweek.com/people_and_business/companies/Westlake-Chemical-Partners-files-comments-with-IRS-on-proposed-MLP-regulations_72496.html
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
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