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July 17, 2014
Celanese (Dallas, TX) reports net earnings for the second quarter of $258 million, up 94% year-over-year from $133 million, on stronger pricing and volumes. Sales totaled $1.8 billion...
http://www.chemweek.com/people_and_business/earnings_finance/Celanese-net-income-doubles-on-price-and-volume-gains_62545.html
July 17, 2014
Several Saudi Arabian petrochemicals producers have reported their second quarter results. Sabic affiliate Saudi Kayan losses in the quarter have narrowed. The company reported net...
http://www.chemweek.com/people_and_business/earnings_finance/Several-Saudi-firms-report-second-quarter-earnings_62514.html
July 17, 2014
Sherwin-Williams (SW) today announced second quarter net income up 13.3% year-on-year (YOY), to $291.4 million, on sales up 12.2%, to $3.04 billion. Earnings totaled $2.94/share...
http://www.chemweek.com/people_and_business/earnings_finance/Sherwin-Williams-raises-guidance-earnings-rise_62529.html
July 17, 2014
Ineos today reported unaudited second-quarter results with Ebitda rising 22% to €447 million ($604.5 million) compared with the year-earlier quarter and 11.5% up on the first...
http://www.chemweek.com/people_and_business/earnings_finance/Ineos-reports-higher-earnings-buoyed-by-US-feedstock-advantage_62510.html
July 17, 2014
PPG Industries today reported second quarter net income from continuing operations up 24% year-on-year (YOY), to $393 million, or $2.80/share, on sales up 5%, to $4.1 billion. Adjusted...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-earnings-beat-estimates-on-strong-sales_62509.html
July 17, 2014
Givaudan Group (Geneva), flavors and fragrances major, today announced its results for the first six months of 2014. Ebitda rose 10.5% to 562 million Swiss francs ($626.1 million) on...
http://www.chemweek.com/people_and_business/earnings_finance/Givaudan-reports-higher-earnings-confirms-guidance_62505.html
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
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