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January 13, 2015
Yanbu National Petrochemical Co. (YanSab), a Sabic subsidiary, today announced a large increase in fourth-quarter profits but a slide in full-year earnings. Net profit in the fourth...
http://www.chemweek.com/people_and_business/earnings_finance/YanSab-reports-higher-fourth-quarter-earnings_66793.html
January 13, 2015
Iofina (Greenwood Village, CO), a major producer of iodine and derivatives, has announced in its annual trading update that it produced a total of 327.7 m.t. of crystalline iodine in...
http://www.chemweek.com/people_and_business/earnings_finance/Iofina-expects-strong-growth-in-2015_66787.html
January 13, 2015
Hedge fund Trian Fund Management (New York) on Friday continued its campaign against DuPont management by nominating four directors to the company’s board. The four are Trian CEO...
http://www.chemweek.com/people_and_business/earnings_finance/Trian-nominates-four-DuPont-directors-sharpens-call-for-break-up_66718.html
January 13, 2015
Sika (Baar, Switzerland), currently the subject of a battle between its controlling shareholders and its management over a $2.78-billion bid from France's Saint Gobain, today reported...
http://www.chemweek.com/people_and_business/earnings_finance/Sika-reports-record-sales-in-all-regions-in-2014_66784.html
January 12, 2015
Axalta and Shanghai Kinlita Chemical have signed a joint-venture agreement aimed at producing and selling coatings into China’s commercial truck market. Financial details of the...
http://www.chemweek.com/people_and_business/earnings_finance/Axalta-enters-into-truck-coatings-joint-venture-in-China_66765.html
January 12, 2015
Ablemarle today completed the $6.20-billion acquisition of Rockwood Holdings, which was announced in July 2014. Rockwood will become a wholly owned subsidiary of Albemarle, and...
http://www.chemweek.com/people_and_business/earnings_finance/Albemarle-completes-Rockwood-acquisition_66762.html
January 9, 2015
Hedge fund FrontFour Capital (Greenwich, CT) today released a letter criticizing the management of OM Group, accusing the company of generating a poor return on capital, and on...
http://www.chemweek.com/people_and_business/earnings_finance/Hedge-fund-FrontFour-releases-letter-criticizing-OM-Group_66729.html
January 8, 2015
MeadWestvaco (MWV) says it plans a tax-free spin-off of its specialty chemicals business, a maker of pine chemical derivatives for printing inks, adhesives, and asphalt paving, among...
http://www.chemweek.com/people_and_business/earnings_finance/MeadWestvaco-to-spin-off-specialty-chemicals-business_66649.html
January 7, 2015
RPM today reported fiscal second-quarter net income of $69.8 million, up 9.8% year-on-year (YOY), on sales that were flat at $1.07 billion. Earnings totaled 52 cts/share, missing...
http://www.chemweek.com/people_and_business/earnings_finance/RPM-misses-estimates-cuts-guidance-despite-rising-income_66617.html
January 7, 2015
Huntsman says it expects lower crude to benefit profitability and its business to improve in 2015.  “In an environment where oil prices are sustainably low, Huntsman Corp...
http://www.chemweek.com/people_and_business/earnings_finance/Huntsman-expects-margin-benefit-from-lower-oil-prices_66613.html
January 7, 2015
Monsanto today reported a 35% slide in first-quarter profits due to lower corn acres in South America and a shift in timing of herbicide sales,  but said it continues to expect...
http://www.chemweek.com/people_and_business/earnings_finance/Lower-corn-acres-stunt-Monsantos-first-quarter-results_66616.html
January 6, 2015
A. Schulman today reported fiscal first-quarter net income from continuing operations up 6.5% year-on-year (YOY), to $13.2 million, on sales up 5%, to $615.1 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/earnings_finance/A-Schulman-beats-estimates-on-higher-sales_66600.html
January 6, 2015
Agrium says it has signed a definitive agreement to sell its Niota and Meredosia, IL, storage and distribution facilities to subsidiaries of Trammo for approximately $50.0...
http://www.chemweek.com/people_and_business/earnings_finance/Agrium-sells-two-Illinois-distribution-facilities_66587.html
January 5, 2015
Advanced Petrochemical Co., a Saudi producer of propylene and polypropylene, today reported its preliminary 2014 results. The company reports fourth-quarter net profit increased 24%...
http://www.chemweek.com/people_and_business/earnings_finance/Advanced-reports-higher-profits_66539.html
December 19, 2014
PPG Industries says it has entered into exclusive negotiations to acquire Revocoat (Saint-Just-en-Chaussée, France), a maker of sealants, adhesives, and dampers for the...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-to-acquire-automotive-materials-supplier_66369.html
December 19, 2014
DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the...
http://www.chemweek.com/people_and_business/earnings_finance/DuPont-files-for-performance-chemicals-spinoff_66339.html
December 18, 2014
Uralkali (Berezniki, Russia), one of the largest potash producers, today announced its third-quarter results with revenues up 5% on the year-earlier quarter at $896 million. Production...
http://www.chemweek.com/people_and_business/earnings_finance/Uralkali-reports-strong-results-expects-record-potash-deliveries-this-year_66292.html
December 17, 2014
Canada’s producers of industrial chemicals are projecting a slight decline in sales volumes and profits in 2015, but a 30% increase in capital investment, according to a survey of members by the Chemistry Industry Association of Canada (CIAC)....
http://www.chemweek.com/people_and_business/earnings_finance/Canadian-producers-project-record-sales-for-2014-slight-decline-in-2015_66166.html
December 16, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) says it will invest up to $500.0 million for 50% ownership of a joint venture that will operate a fully integrated, world-scale phosphate business...
http://www.chemweek.com/people_and_business/earnings_finance/ICL-forms-Chinese-phosphates-JV-with-Yunnan-Yuntianhua_66208.html
December 16, 2014
Oilfield chemicals supplier WadeCo Specialties (Midland, TX) says it has acquired Select Chemicals Ltd. (Yorktown, TX), a maker of production chemicals for oil and gas operations in...
http://www.chemweek.com/people_and_business/earnings_finance/WadeCo-acquires-Texas-based-oil-production-chemicals-maker_66207.html
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