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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/earnings_finance/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/earnings_finance/Moodys-Removal-of-cap-on-Swiss-franc-will-hurt-Switzerland-based-chemical-firms-earnings_67223.html
January 26, 2015
MeadWestvaco (MWV) and RockTenn are planning a merger that would create a $16.0-billion leader in the global packaging industry. The combined company, to be named prior to closing...
http://www.chemweek.com/people_and_business/earnings_finance/MWV-to-merge-with-packaging-firm-RockTenn-before-spinning-off-specialty-chemicals_67210.html
January 26, 2015
JSR (Tokyo) today upgraded most of its forecast for the fiscal year ending 31 March 2015. The company expects net income of ¥30.0 billion ($253.3 million) compared with a previous...
http://www.chemweek.com/people_and_business/earnings_finance/JSR-upgrades-fiscal-year-forecast_67208.html
January 26, 2015
LG Chem reports net profits declined 38% in the fourth quarter of 2014 compared with the year-ago period, to 109.4 billion South Korean won ($101.0 million). Fourth-quarter...
http://www.chemweek.com/people_and_business/earnings_finance/LG-Chem-reports-falls-in-profits-sales_67200.html
January 23, 2015
Honeywell says that fourth-quarter materials and technologies segment profit was $425.0 million, up 6.3% year-on-year (YOY). Sales were flat, at $2.6 million, but up 3.0% YOY on an...
http://www.chemweek.com/people_and_business/earnings_finance/Honeywell-performance-materials-profit-increases-6-percent_67186.html
January 23, 2015
Unipetrol (Prague), a subsidiary of PKN Orlen (PÅ‚ock, Poland), recorded operational Ebitda on a last-in-first-out basis of 2.21 billion koruny ($91.4 million) for its downstream...
http://www.chemweek.com/people_and_business/earnings_finance/Unipetrols-petrochemical-earnings-soar-in-fourth-quarter_67173.html
January 23, 2015
Celanese (Dallas, TX) reports a net loss for the fourth quarter of $85 million, down from $654 million in the year-ago period. Net sales totaled $1.6 billion, down 3.5% year-over-year (YOY). Adjusted earnings per share totaled $1.28, up 23% YOY and 9 cents above the analysts’ consensus of $1.19 compiled by Thomson Reuters (New York)....
http://www.chemweek.com/people_and_business/earnings_finance/Celanese-beats-estimates-but-guides-2015-lower_67157.html
January 22, 2015
Reliance Industries has raised $1 billion for its capital expenditure program through an issue of 4.125% ten-year US dollar-denominated senior unsecured notes, the company announced...
http://www.chemweek.com/people_and_business/earnings_finance/Reliance-Industries-raises-$1-billion-for-capital-expenditure-program_67077.html
January 22, 2015
Saudi Aramco Total Refining & Petrochemical (Satorp), a joint venture in which Aramco holds 62.5% and Total the balance, has announced an increase in quarterly and annual net...
http://www.chemweek.com/people_and_business/earnings_finance/Satorp-reports-large-quarterly-and-annual-losses_67076.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/earnings_finance/Cabot-to-realign-reporting-segments_67049.html
January 21, 2015
Lonza recorded net profits of 237.0 million Swiss francs ($274.9 million) for 2014 compared with profits of SF87.0 million in 2013. Sales for 2014 increased by 1.6%, to SF3.64 billion...
http://www.chemweek.com/people_and_business/earnings_finance/Lonza-reports-huge-rise-in-profits_67040.html
January 21, 2015
Renewable chemicals firm Green Biologics (GBL) (Gahanna, OH) announced today that it has closed an internal follow-on equity round of $42 million and raised an additional $34 million...
http://www.chemweek.com/people_and_business/earnings_finance/Green-Biologics-raises-$76-million_67047.html
January 21, 2015
Sahara Petrochemical Co. said today that its polypropylene production affiliate Al Waha Petrochemical Co. has signed an Islamic facility agreement with Saudi British Bank and Banque...
http://www.chemweek.com/people_and_business/earnings_finance/Al-Waha-signs-big-loan-agreement_67034.html
January 21, 2015
BASF subsidiary BASF India (Mumbai) reports a net loss of 395.9 million Indian rupees ($6.4 million) in its fiscal third quarter, ended 31 December 2014, compared with a net profit of...
http://www.chemweek.com/people_and_business/earnings_finance/BASF-India-reports-a-loss_67030.html
January 21, 2015
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, on Tuesday reported a fourth-quarter...
http://www.chemweek.com/people_and_business/earnings_finance/Petro-Rabigh-reports-quarterly-loss-citing-decline-in-crude-prices-Maaden-swings-to-profit_67043.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/earnings_finance/Novozymes-updates-financial-targets-for-2015-20-announces-new-strategy_66999.html
January 20, 2015
Latest figures from the British Coatings Federation (BCF; Leatherhead, UK) show that for the second consecutive year, paint sales have outperformed GDP, increasing 5.0% in volume...
http://www.chemweek.com/people_and_business/earnings_finance/UK-paint-sales-outperform-the-economy-for-second-year_66998.html
January 20, 2015
Omnova Solutions today reported fourth-quarter net income of $5.1 million, or 11 cts/share, down 35.4% year-on-year (YOY), on sales up 3.7%, to $243 million. Adjusted income from...
http://www.chemweek.com/people_and_business/earnings_finance/Omnova-earnings-decline-but-beat-estimates_67015.html
January 20, 2015
Biobased chemicals and fuels firm Gevo (Englewood, CO) today announced a number of cost savings initiatives, including job cuts, to improve cash flow as it works to demonstrate its...
http://www.chemweek.com/people_and_business/earnings_finance/Gevo-cuts-staff-looks-beyond-isobutanol_67013.html
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