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February 19, 2015
The winners of a £20-million ($31 million) competition to bring innovative biotechnology projects to market have been announced this week. A total of 23 projects, ranging from...
http://www.chemweek.com/people_and_business/earnings_finance/Winners-of-$31-million-UK-industrial-biotechnology-competition-announced_67886.html
February 19, 2015
Huntsman reports a loss of $38 million for the fourth quarter of 2014, down 190% year-over-year (YOY) from profit of $41 million on lower earnings from the pigment and additives division. Sales for the quarter totaled $2.95 billion, up 9% YOY from $2.70 billion. Adjusted diluted income of 33 cts/share missed the mean analysts’ estimate of 37 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/people_and_business/earnings_finance/Huntsman-swings-to-$38-million-loss-misses-estimates_67862.html
February 19, 2015
Polymer resins producer Nuplex Industries (Auckland) says net profits for the company’s fiscal first half, ended 31 December 2014 more than tripled, compared with the first half...
http://www.chemweek.com/people_and_business/earnings_finance/Nuplex-reports-huge-rise-in-profits_67887.html
February 18, 2015
US specialty chemical market volumes fell 0.5% on a sequential basis in January, following gains of 0.3% and 0.6%, respectively, in November and December, according to ACC. The drop...
http://www.chemweek.com/people_and_business/earnings_finance/ACC-Specialties-market-volumes-decline-in-January_67881.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/earnings_finance/Innospec-net-income-declines-despite-higher-sales_67865.html
February 18, 2015
ENI (Rome) has announced that its chemicals subsidiary Versalis narrowed its net loss to €58.0 million ($66.1 million) in the fourth quarter of 2014 from €116 million in...
http://www.chemweek.com/people_and_business/earnings_finance/Versalis-cuts-its-losses-on-higher-margins-restructuring_67860.html
February 18, 2015
Clariant today reported fourth-quarter sales of 1.59 billion Swiss francs ($1.69 billion), rising 2.0% in local currencies. The increase was driven by higher prices. Despite some...
http://www.chemweek.com/people_and_business/earnings_finance/Clariant-reports-mixed-results-does-not-expect-to-achieve-midterm-Ebitda-margin-target-in-2015_67854.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/earnings_finance/Stepan-misses-estimates-on-weak-surfactants-results_67864.html
February 18, 2015
The petrochemicals business of Indian Oil (New Delhi) reports an 11% increase in sales in the fiscal third quarter, ended 31 December 2014, compared with the year-ago quarter, to 51.0...
http://www.chemweek.com/people_and_business/earnings_finance/Indian-Oils-petrochemicals-business-reports-rise-in-sales_67852.html
February 18, 2015
CF Industries reports a drop in fourth-quarter profits as higher selling prices were offset by lower volumes and higher natural gas costs. Net earnings fell 26.8% year-on-year (YOY)...
http://www.chemweek.com/people_and_business/earnings_finance/CF-profits-fall-on-higher-natural-gas-prices_67861.html
February 18, 2015
Agricultural biotechnology firm Arcadia Biosciences (Davis, CA) says it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial...
http://www.chemweek.com/people_and_business/earnings_finance/Arcadia-Biosciences-files-for-IPO_67847.html
February 18, 2015
Petronas Chemicals (Kuala Lumpur) reports a 14.4% rise in profits for the fourth quarter of 2014 compared with the fourth quarter of 2013, to 570 million ringgit ($158 million) due to...
http://www.chemweek.com/people_and_business/earnings_finance/Petronas-Chemicals-reports-rise-in-fourth-quarter-profits_67859.html
February 17, 2015
Kuraray reports a 7.9% fall in net profits for nine months ended 31 December 2014 compared with the year-ago period, to ¥21.3 billion ($178.6 million). Nine-month sales increased...
http://www.chemweek.com/people_and_business/earnings_finance/Kuraray-reports-fall-in-profits_67802.html
February 17, 2015
Blank-check firm Platform Specialty Products (Miami) today closed the acquisition of agchems company Arysta LifeScience (Dublin) from private equity firm Permira (London) for $3.51...
http://www.chemweek.com/people_and_business/earnings_finance/Platform-closes-Arysta-LifeScience-acquisition_67837.html
February 17, 2015
DuPont today sent a letter to investors criticizing activist hedge fund Trian Fund Management (New York) and reiterating its argument in favor of management’s strategy. The...
http://www.chemweek.com/people_and_business/earnings_finance/DuPont-slams-Trian-in-investor-letter_67834.html
February 17, 2015
PTT Global Chemical (PTTGC; Bangkok) reports a 55% fall in net profits for full-year 2014 compared with 2013, to 15.0 billion baht ($460.1 million). Sales for 2014 increased 3.8%, to...
http://www.chemweek.com/people_and_business/earnings_finance/PTT-Global-Chemical-reports-fall-in-profits_67832.html
February 17, 2015
Air Liquide's sales during the fourth quarter of 2014 totaled €4.05 billion ($4.62 billion), up 3.9% year-on-year (YOY), according to the company's results released today. The gas...
http://www.chemweek.com/people_and_business/earnings_finance/Air-Liquides-fourth-quarter-revenue-up-3-9-percent_67828.html
February 16, 2015
Bayer is planning to reorganize its life science businesses, which include its health-care and crop science businesses, in anticipation of the separation of Bayer MaterialScience...
http://www.chemweek.com/people_and_business/earnings_finance/Bayer-to-reorganize-life-sciences-businesses-after-BMS-separation_67783.html
February 16, 2015
Asahi Kasei reports a 34% rise in net profits for the fiscal first nine months, ended 31 December 2014, compared with the year-ago period, to ¥88.4 billion ($752.5...
http://www.chemweek.com/people_and_business/earnings_finance/Asahi-Kasei-reports-rise-in-profits_67514.html
February 16, 2015
DIC (Tokyo) has reported its financial results for the fiscal year ended 31 December 2014. DIC decided in 2013 to change its fiscal year-end from 31 March to 31 December, and, as a...
http://www.chemweek.com/people_and_business/earnings_finance/DIC-reports-fall-in-profits_67813.html
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