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March 19, 2013
Rentech Nitrogen (Los Angeles) reports strong earnings and sales for fourth-quarter 2012, partially due to higher demand leading to increased urea and ammonia production from an early...
http://www.chemweek.com/people_and_business/earnings_finance/Rentech-Nitrogen-reports-growth-in-earnings-sales-for-fourth-quarter_50624.html
March 19, 2013
The decision by Ferro’s board of directors to reject A. Schulman’s recent takeover offer without negotiations and pursue its own restructuring plan is being blasted by an...
http://www.chemweek.com/people_and_business/earnings_finance/Ferro-board-under-fire_50541.html
March 19, 2013
Henkel reported a 41% increase in fourth-quarter Ebit, to €492 million ($642.1 million), on 5% higher sales, at €4 billion. Fourth-quarter Ebit margin rose to 12.3% from 9.1%...
http://www.chemweek.com/people_and_business/earnings_finance/Adhesives-boost-Henkels-fourth-quarter-results_50528.html
March 19, 2013
Israel Chemicals Ltd. (ICL; Tel Aviv) recorded a 43% fall in net profits for the fourth quarter ended 31 December 2012 compared with the year-ago quarter, to $209.5 million...
http://www.chemweek.com/people_and_business/earnings_finance/ICL-profits-slide-43-percent-on-weak-potash-volumes_50527.html
March 19, 2013
Sasol reported a net profit of 12.61 billion rand ($1.39 billion) during the 6 months to 31 December 2012—down almost 12% from same period in 2011. The latest results were...
http://www.chemweek.com/people_and_business/earnings_finance/Sasols-net-profit-drops-by-almost-12-percent_50526.html
March 19, 2013
Merck KGaA (Darmstadt, Germany) has reported a more than doubling in fourth-quarter net income, to €271.8 million ($353.7 million), due to favorable one-time effects on income tax...
http://www.chemweek.com/people_and_business/earnings_finance/Merck-KGaA-reports-higher-earnings-increases-savings-target_50459.html
March 19, 2013
Lanxess says it has achieved higher earnings in the fourth quarter despite soft underlying demand with Ebitda before one-time items up 37%, to €239 million ($313.7 million)...
http://www.chemweek.com/people_and_business/earnings_finance/Lanxess-reports-higher-earnings-closes-plants-until-demand-picks-up_50521.html
March 19, 2013
Evonik Industries reported a 6% drop in fourth-quarter Ebitda, to €492 million ($641.7 million), on 2% lower sales, to €3.27 billion, attributing the decline to destocking by customers and economic weakness. Net income was 86% higher, to €276 million, mainly because of tax effects....
http://www.chemweek.com/people_and_business/earnings_finance/Evonik-posts-lower-sales-and-earnings-readies-IPO_50520.html
March 19, 2013
Cost-cutting helped biobased isobutanol producer Gevo (Englewood, CO) narrow its fourth-quarter loss and beat analysts’ estimates despite a production setback at its first...
http://www.chemweek.com/people_and_business/earnings_finance/Gevo-narrows-loss-Luverne-plant-to-resume-operations_50518.html
March 18, 2013
MACROECONOMIC STATUS Our running tab of positive indicators rose to 15 out of 20 this week. Thus, we post a green banner. Consumer prices up 0.7%; up 2.0% year-on-year YOY Import...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-15-March-2013_50593.html
March 18, 2013
Synthomer (Harlow, UK), formerly known as Yule Catto, reported a 2% rise in full-year 2012 profit before tax, to £98.1 million ($148.2 million), on 12.4% lower sales, of...
http://www.chemweek.com/people_and_business/earnings_finance/Synthomer-reports-flat-profits-on-lower-sales-nearing-completion-of-restructuring-in-Europe_50587.html
March 15, 2013
Cost-cutting helped biobased isobutanol producer Gevo (Englewood, CO) narrow fourth quarter losses and beat analysts’ estimates despite a production setback at its first...
http://www.chemweek.com/people_and_business/earnings_finance/Gevo-narrows-loss-Luverne-plant-to-resume-operations_50576.html
March 15, 2013
Eni's petrochemical subsidiary, Versalis (San Donato Milanese, Italy) expects to reach a "break-even" profitability level by the end of 2013 as a result of further...
http://www.chemweek.com/people_and_business/earnings_finance/Versalis-to-reach-break-even-by-the-end-of-2013_50505.html
March 15, 2013
Stepan says it will delist its common shares and 5.5% convertible preferred shares from the Chicago Stock Exchange (CHX) effective on or around 4 April. The company will file with the...
http://www.chemweek.com/people_and_business/earnings_finance/Stepan-to-delist-from-Chicago-Stock-Exchange_50564.html
March 14, 2013
Dow Chemical says it plans to divest up to $1.5 billion worth of businesses over the next 18 months, including its polypropylene licensing and catalysts business and its plastic...
http://www.chemweek.com/people_and_business/earnings_finance/Dow-details-$1-5-billion-divestiture-plan_50507.html
March 14, 2013
K+S reported adjusted group fourth-quarter earnings of €131.6 million ($171.1), about 12% lower than the year-ago quarter. At €183.2 million, operating earnings also fell 12%...
http://www.chemweek.com/people_and_business/earnings_finance/K+S-fourth-quarter-earnings-down-12-percent_50503.html
March 13, 2013
Oltchim (Râmnicu Vâlcea, Romania) could be split in two to pay down debt and help attract investor interest before a majority stake is sold to an investor to meet...
http://www.chemweek.com/people_and_business/earnings_finance/Report-Oltchim-could-be-split-in-two-under-reorganization-plan_50477.html
March 13, 2013
Israel Chemicals Ltd. (ICL; Tel Aviv) recorded a 43.3% fall in net profits for the fourth quarter ended 31 December 2012 compared with the year-ago quarter, to $209.5 million...
http://www.chemweek.com/people_and_business/earnings_finance/ICL-reports-falls-in-profits-sales_50467.html
March 12, 2013
Omnova is amending its $200-million term loan credit facility to extend the maturity by 1 year, to May 2018, and reduce borrowing spreads by 1.25%. The facility has a floating interest...
http://www.chemweek.com/people_and_business/earnings_finance/Omnova-amends-credit-facility_50448.html
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