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October 31, 2014
Mexico’s Federal Economic Competition Commission (FECC) has approved PPG’s $2.3-billion acquisition of rival paint-maker Comex, clearing the way for the deal to close in...
http://www.chemweek.com/people_and_business/companies/PPG-gains-Mexican-regulatory-approval-for-Comex-acquisition_65040.html
October 31, 2014
Chemtura is launching a “Dutch auction” share buyback offer, with authorization to purchase up to $300 million in shares of common stock at $21.50-$24.50/share. The buyback...
http://www.chemweek.com/people_and_business/companies/Chemtura-launches-"Dutch-auction"-share-buyback_65031.html
October 31, 2014
US EPA today approved a Texas state program to issue greenhouse gas (GHG) permits, eliminating the need for companies to seek air permits from federal regulatory agencies in Texas. The...
http://www.chemweek.com/people_and_business/companies/EPA-approves-Texas-GHG-permitting-program_65028.html
October 31, 2014
BASF says its BASF Venture Capital subsidiary has invested $1.5 million in SLIPS Technolgies (Cambridge, MA), part of a $3 million series A financing. Swiss entrepreneur and private...
http://www.chemweek.com/people_and_business/companies/BASF-invests-$1-5-million-in-SLIPS-Technologies-signs-joint-development-agreement_64890.html
October 31, 2014
ExxonMobil posted third-quarter chemical earnings of $1.2 billion, up 17% from same year-ago quarter quarter on stronger commodity margins. Margins increased earnings by $210 million...
http://www.chemweek.com/people_and_business/companies/ExxonMobil-Chemical-earnings-up-17-percent-on-flat-volume_65025.html
October 30, 2014
Eastman Chemical’s third-quarter net earnings fell 31%, to $212 million, due to the one-time impact of restructuring changes, Operating earnings were $427 million, up 5.4% YOY on higher advanced materials and adhesives and plasticizers earnings. Eastman says it now expects full-year earnings to “approach $7/share,” toward the higher end of previous estimates....
http://www.chemweek.com/people_and_business/companies/Eastman-earnings-fall-on-one-time-charges-full-year-outlook-remains-strong_65007.html
October 30, 2014
Tessenderlo Group (Brussels) says it sales in the third quarter 2014 were €338.7 million ($431 million), compared with €415.1 million for the corresponding period a year ago...
http://www.chemweek.com/people_and_business/companies/Tessenderlo-increases-sales-and-profit-in-third-quarter_64940.html
October 30, 2014
Sika (Baar, Switzerland) says it has achieved sales growth of 11.7% in the third quarter of 2014. All regions reported double‚Äźdigit sales increases in local currency, the company...
http://www.chemweek.com/people_and_business/companies/Sika-sales-grow-11-7-percent-in-third-quarter-with-an-above-average-rise-in-net-profit_64939.html
October 30, 2014
Air Products reports net income of $104 million, a 24% decline year-over-year (YOY) for its fiscal fourth quarter ended 30 September. Net income includes an after-tax charge of $256...
http://www.chemweek.com/people_and_business/companies/Air-Products-reports-income-decline-on-Latin-American-tax-charge_64971.html
October 30, 2014
Mosaic today reported third-quarter net earnings of $202 million, up 62% YOY. Earnings per share of 54 cts/share fell slightly below analyst estimates of 56 cts/share, according to...
http://www.chemweek.com/people_and_business/companies/Mosaic-earnings-up-on-phosphates-strength_64949.html
October 30, 2014
NewMarket today reported third-quarter net income of $56.9 million, or $4.53/share, down 27.9% year-on-year (YOY), on sales up 1.6%, to $589.7 million. Net income included results from...
http://www.chemweek.com/people_and_business/companies/NewMarket-earnings-fall-despite-sales-increase_64950.html
October 30, 2014
Shell has confirmed that most of the production units at the company's Moerdijk, Netherlands petrochemical complex will remain offstream for the rest of 2014 due to a previously...
http://www.chemweek.com/people_and_business/companies/Shell-impact-of-latest-Moerdijk-incident-will-likely-last-into-2015_64937.html
October 30, 2014
Evonik Industries says it increased sales in third-quarter 2014 to €3.24 billion ($4.13 billion), compared with €3.20 billion in the year-ago quarter. The company says that...
http://www.chemweek.com/people_and_business/companies/Evonik-reports-third-quarter-sales-of-$4-13-billion-up-1-percent-Ebitda-decreases-by-3-percent_64925.html
October 29, 2014
FMC today reported third-quarter earnings that more than tripled year-on-year (YOY), to $56.3 million, or 42 cts/share, on net revenues up 6%, to $1.02 billion. Excluding charges, such...
http://www.chemweek.com/people_and_business/companies/FMC-earnings-rise-but-fall-short-of-estimates_64920.html
October 29, 2014
Karlsruhe Institute of Technology (KIT; Karlsruhe, Germany) and Deutsche Nanoschicht (Rheinbach, Germany) have announced that they are to establish joint laboratory at KIT's Institute...
http://www.chemweek.com/people_and_business/companies/KIT-Deutsche-Nanoschicht-establish-joint-laboratory-for-superconducting-thin-films_64885.html
October 29, 2014
All major construction work related to the rebuild of Williams' (Tulsa, OK) damaged steam cracker at Geismar, LA—including an expansion project and safety-related equipment...
http://www.chemweek.com/people_and_business/companies/Williams-rebuilt-expanded-Louisiana-cracker-in-final-stages-of-commissioning-and-start-up_64889.html
October 29, 2014
Dow Corning, 50-50 joint venture between Dow Chemical and Corning,  reports third-quarter net income of $176 million, up 49% year-over-year (YOY). Sales were up 7% YOY, to $1.52...
http://www.chemweek.com/people_and_business/companies/Dow-Corning-reports-net-income-up-49-percent_64893.html
October 29, 2014
The Society of Chemical Industry (SCI), America section announced that the 2015 SCI Chemical Industry Medal will be awarded to Stephen Pryor, president of ExxonMobil Chemical. He will...
http://www.chemweek.com/people_and_business/companies/Pryor-of-ExxonMobil-to-receive-2015-SCI-medal_64898.html
October 29, 2014
Praxair reports third quarter net income of $477 million, up 6% year-over-year (YOY) on sales up 4% YOY, to $3.1 billion. Sales grew from higher volumes—including project...
http://www.chemweek.com/people_and_business/companies/Praxair-earnings-sales-up_64897.html
October 29, 2014
Cabot today reported fiscal fourth-quarter net income down 29.8% year-on-year (YOY), to $33 million, or 51 cts/share, on sales up 1.7%, to $911 million. Adjusted earnings totaled 85...
http://www.chemweek.com/people_and_business/companies/Cabot-beats-estimates-despite-net-income-decline_64902.html
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