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January 29, 2015
Royal Dutch Shell says that it is curtailing its group-wide investment by $15.0 billion over the next three years because of falling oil prices. Organic investment is expected to be...
http://www.chemweek.com/people_and_business/companies/Shell-to-curtail-spending-by-$15-billion-over-next-three-years-chemical-earnings-slide-on-Moerdijk-shutdowns_67308.html
January 29, 2015
SGL Carbon (Wiesbaden, Germany) has announced preliminary results for fiscal 2014, describing the year as “challenging.” Group Ebit “declined substantially”...
http://www.chemweek.com/people_and_business/companies/SGL-Carbon-expects-substantial-net-loss-of-about-$284-million-for-2014_67306.html
January 29, 2015
Sherwin-Williams (SW) today reported fourth-quarter net income up 14.3% year-on-year (YOY), to $132.7 million, on sales up 4.6%, to $2.57 billion. Earnings totaled $1.37/share...
http://www.chemweek.com/people_and_business/companies/Sherwin-Williams-earnings-rise-but-miss-estimates_67317.html
January 28, 2015
Albemarle today reported a fourth-quarter net loss of $18.5 million, or 24 cts/share, compared with a profit of $155.9 million in the year-ago quarter. Net sales declined 6.4%...
http://www.chemweek.com/people_and_business/companies/Albemarle-earnings-fall-short-of-estimates-on-lower-sales_67289.html
January 28, 2015
Cepsa Química (Madrid), a Cepsa subsidiary,  is mulling the sale of two of its petrochemical facilities, according to local press reports. One plant is near Cádiz...
http://www.chemweek.com/people_and_business/companies/Reports-Cepsa-considers-selling-some-PTA-and-other-assets_67237.html
January 28, 2015
The attractiveness of Germany as a location for small- and medium-sized enterprises (SME) in the chemical industry has deteriorated during the last five years, according to the results...
http://www.chemweek.com/people_and_business/companies/Report-Germany-has-become-less-attractive-as-location-for-SMEs_67272.html
January 27, 2015
Cytec today reported a fourth-quarter net loss of $29.3 million, or 41 cts/share, compared with a profit of $59.4 million in the year-ago quarter. Sales from continuing operations rose...
http://www.chemweek.com/people_and_business/companies/Cytec-beats-estimates-but-earnings-hit-by-accounting-adjustment_67253.html
January 27, 2015
Matrica (Novara, Italy), a 50-50 joint venture between Novamont (Novara) and Versalis (Milan), has signed an agreement with  Coldiretti (Roma) and Consorzi Agrari d’Italia...
http://www.chemweek.com/people_and_business/companies/Matrica-signs-agroindustrial-supply-chain-agreement_67238.html
January 26, 2015
Ashland today reported fiscal first-quarter net income from continuing operations down 55% year-on-year (YOY), to $40 million, or 57 cts/share, on sales that were roughly flat at $1.4...
http://www.chemweek.com/people_and_business/companies/Ashland-earnings-fall-on-elastomers-sale-charge-but-beat-estimates_67226.html
January 26, 2015
The Swiss National Bank’s (Bern) recent decision to remove the peg between the Swiss franc and the euro—resulting in a rapid strengthening in the Swiss currency’s...
http://www.chemweek.com/people_and_business/companies/Moodys-Removal-of-cap-on-Swiss-franc-will-hurt-Switzerland-based-chemical-firms-earnings_67223.html
January 26, 2015
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) began a planned 29-day maintenance turnaround at the company's Sohar, Oman, refinery late yesterday, according to a...
http://www.chemweek.com/people_and_business/companies/Report-Orpic-starts-29-day-turnaround-at-Sohar-refinery_67211.html
January 26, 2015
Phosphate fertilizer producer MBAC Fertilizer (Toronto) has put its Itafós Arraias, Brazil, operations into minimum production mode to conserve working capital because now is...
http://www.chemweek.com/people_and_business/companies/Brazil-fertilizer-producer-ponders-mothballing-operations-partnering-or-divesting-assets_67204.html
January 23, 2015
Hardide Coatings (Bicester, UK), a maker of industrial surface coatings, is investing $7.0 million to build a new plant at an enterprise zone in Martinsville, VA. The company has...
http://www.chemweek.com/people_and_business/companies/Hardide-Coatings-to-build-plant-in-Virginia_67174.html
January 22, 2015
China American Petrochemical Co. (Capco), a joint venture between BP and CPC Corp. (Taipei), has announced that it will decommission its five purified terephthalic acid (PTA) plants at...
http://www.chemweek.com/people_and_business/companies/BPs-Capco-JV-to-decommission-five-PTA-plants-in-Taiwan-close-site_67083.html
January 21, 2015
Linde has begun the process for a major overhaul of two air separation units (ASUs) in North America after renewing long-term contracts with tonnage customers.  Linde says it has...
http://www.chemweek.com/people_and_business/companies/Linde-to-upgrade-two-air-separation-units_67009.html
January 21, 2015
Cabot says it reorganizing its reporting segments, adding performance chemicals and specialty fluids to the already-existing reinforcement materials and performance solutions segments...
http://www.chemweek.com/people_and_business/companies/Cabot-to-realign-reporting-segments_67049.html
January 21, 2015
Petroleos Mexicanos (Pemex) is seeking to make annualized savings of more than 21.3 billion pesos ($1.45 billion) over the next four years by consolidating the company's supply and...
http://www.chemweek.com/people_and_business/companies/Pemex-seeks-$1-45-billion-in-savings-over-four-years_67046.html
January 21, 2015
BHP Billiton (Melbourne) reiterated today that it will increase shale liquid volumes by 50% by the end of the company's fiscal 2015 despite lowering its US rig count. Citing weaker oil...
http://www.chemweek.com/people_and_business/companies/BHP-confident-of-boosting-US-shale-production-despite-rig-cut_67024.html
January 20, 2015
Thomas Swan (Consett, UK) says it is collaborating with the Graphene Engineering Innovation Center (GEIC) at the University of Manchester in the design of a graphene research center...
http://www.chemweek.com/people_and_business/companies/Thomas-Swan-University-of-Manchester-collaborate-in-design-of-graphene-research-center_67004.html
January 20, 2015
Novozymes (Bagsvaerd, Denmark) today announced a new corporate strategy, Partnering for Impact, accompanied by a revised set of long-term financial, environmental, and social targets...
http://www.chemweek.com/people_and_business/companies/Novozymes-updates-financial-targets-for-2015-20-announces-new-strategy_66999.html
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