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July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the...
http://www.chemweek.com/people_and_business/earnings_finance/Alpek-cuts-2014-Ebitda-guidance-by-$70-million_62480.html
July 15, 2014
Lubricants maker Calumet Specialty Products says it has finalized amendments to its $1-billion revolving credit agreement. The agreement is with a syndicate of banks and matures in...
http://www.chemweek.com/people_and_business/earnings_finance/Calumet-Specialty-Products-finalizes-refinancing_62461.html
July 14, 2014
EMS Group (Domat/Ems, Switzerland) on Friday reported its six months results covering January–June. Net operating income was up 17.5%, to 215 million Swiss francs ($241.3...
http://www.chemweek.com/people_and_business/earnings_finance/EMS-reports-higher-sales-and-earnings-buys-partner-out-of-Mexican-automotive-JV_62437.html
July 14, 2014
MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 7.4% annual rate; up...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-11-July-2014_62445.html
July 10, 2014
Axiall (Atlanta) says the extended ramp-up of its PHH vinyl chloride monomer manufacturing facility at Lake Charles, LA, and weakness in building products and aromatics have dampened expectations for the second quarter. The company now expects to report adjusted Ebitda of $125–130 million versus $180 million in the year-ago quarter....
http://www.chemweek.com/people_and_business/earnings_finance/Axiall-lowers-earnings-expectations_62396.html
July 10, 2014
The chemical industry in Germany is starting to feel the wind in its sails, chemical trade association VCI (Frankfurt) said at a press conference today. Domestic production of...
http://www.chemweek.com/people_and_business/earnings_finance/German-chemical-industry-feels-tail-wind-first-half-output-up-3-percent_62366.html
July 9, 2014
Potash West (Belmont, Australia) announced today that it has completed a placement to raise A$800,000 ($752,147) before costs. The placement was made to clients of Helmsec Global...
http://www.chemweek.com/people_and_business/earnings_finance/Potash-West-raises-capital-for-phosphate-project-in-Australia_62365.html
July 8, 2014
Gulf Petrochemical Industries Co. (GPIC; Manama, Bahrain) has reported its six months’ production and export results, saying that production of its three major...
http://www.chemweek.com/people_and_business/earnings_finance/GPIC-reports-higher-production-in-the-first-half-of-the-year_62340.html
July 7, 2014
Advanced Petrochemical Co. (Advanced; Al Jubail), a producer of polypropylene (PP), reports an increase of 35% in its second-quarter net profit, to 185 million Saudi riyals ($49.3...
http://www.chemweek.com/people_and_business/earnings_finance/Advanced-Petrochemical-reports-higher-second-quarter-profits_62265.html
July 4, 2014
China Rerun Chemical Group (Daqing), a producer of lubricant products for the domestic automotive, industrial and agricultural markets today reported unaudited results for the three...
http://www.chemweek.com/people_and_business/earnings_finance/China-Rerun-Chemical-reports-higher-sales-seeks-more-partnerships-and-acquisitions_62252.html
July 3, 2014
Symrise (Holzminden, Germany) says it has secured financing for its €1.3 billion ($1.78 billion) acquisition of the Diana Group by issuing a bond for €500 million. The...
http://www.chemweek.com/people_and_business/earnings_finance/Symrise-secures-financing-for-Diana-acquisition-through-$680-million-bond-issue_62249.html
July 3, 2014
Uralkali (Berezniki, Russia), one of the world’s largest potash producers, today announced its production results for the second quarter and first half of 2014. Uralkali...
http://www.chemweek.com/people_and_business/earnings_finance/Uralkali-increases-output-of-potash-in-second-quarter-and-first-half-of-the-year_62237.html
July 2, 2014
A. Schulman reports net income from continuing operations of $19.1 million, up almost four-fold year-over-year (YOY) from $5.2 million for the company's fiscal third quarter, which ended 31 May. Net sales totaled $645.7 million, up 18% YOY from $548.6 million....
http://www.chemweek.com/people_and_business/earnings_finance/Schulman-net-income-soars-on-stronger-demand-acquisitions_62200.html
July 1, 2014
FMC announced that, effective 1 August or as contracts permit, it will increase list and off-list soda ash prices by $15/short ton for all grades of soda ash. The increase applies to...
http://www.chemweek.com/people_and_business/earnings_finance/FMC-increases-soda-ash-prices_62184.html
June 27, 2014
Monsanto today announced it issuing $4.5 billion in senior bonds in several tranches, with a variety of maturity dates and interest rates. The largest tranche is worth $1 billion, will...
http://www.chemweek.com/people_and_business/earnings_finance/Monsanto-issues-debt-to-fund-accelerated-share-buyback_62140.html
June 27, 2014
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about...
http://www.chemweek.com/people_and_business/earnings_finance/FMC-cuts-earnings-guidance-as-ag-weakness-continues_61972.html
June 26, 2014
Monsanto today reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. The company also announced plans to repurchase $10-billion in shares as part of plans for a more aggressive debt and capital structure....
http://www.chemweek.com/people_and_business/earnings_finance/Monsanto-beats-estimates-despite-fall-in-net-income-plans-$10-billion-share-buyback_62016.html
June 26, 2014
H.B. Fuller has announced fiscal second-quarter net income of $20.5 million, or 40 cts/share, down 20.8% year-on-year (YOY), on sales up 4.8%, to $544 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/earnings_finance/H-B-Fuller-net-income-falls-despite-sales-increase_62051.html
June 25, 2014
Omnova today reported fiscal second-quarter earnings up 17.2% year-on-year (YOY), to $3.4 million, or 7 cts/share, on sales down 1.6%, to $266.4 million. Adjusted earnings from...
http://www.chemweek.com/people_and_business/earnings_finance/Omnova-net-income-rises-but-misses-estimates_62018.html
June 25, 2014
Olin says it is refinancing its 8.875% senior bonds due in 2019, using an existing $265-million senior revolving credit facility and a delayed draw-down term loan to pay down the debt...
http://www.chemweek.com/people_and_business/earnings_finance/Olin-refinances-debt-rearranges-credit-facilities_62017.html
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