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June 10, 2014
Sibur (Moscow), Russia’s largest petrochemicals producer, today reported a 263% increase in first-quarter profit, to 56.8 billion Russian rubles ($1.65 billion), on 21% higher...
http://www.chemweek.com/people_and_business/earnings_finance/Sibur-reports-big-increase-in-first-quarter-results-new-PP-plant-contributes_61641.html
June 9, 2014
MACROECONOMIC STATUS Our running tab of positive indicators rose to 14 out of 20 this week. We continue to post a green banner. Non-Farm Payrolls up 217,000 Unemployment Rate...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-6-June-2014_61627.html
June 9, 2014
KMG announced results for its third quarter ended 30 April, including lower electronics chemicals sales with strength in wood-treating chemicals. Net income of $1.2 million was down...
http://www.chemweek.com/people_and_business/earnings_finance/KMG-earnings-down-electronic-chemical-sales-up_61604.html
June 6, 2014
Trinseo, formerly Styron, today launched an initial public offering, aiming to raise $170–190 million through the sale of 10 million common shares. The company has also applied...
http://www.chemweek.com/people_and_business/earnings_finance/Trinseo-launches-$180-million-IPO_61481.html
June 3, 2014
Lubricating oil additives and fluorochemicals maker Tianhe Chemicals (Jinzhou, China) is planning an IPO worth $636-$818 million, according to a Reuters report. The company plans to...
http://www.chemweek.com/people_and_business/earnings_finance/Report-Tianhe-Chemicals-planning-IPO-in-Hong-Kong_61534.html
June 2, 2014
Uralchem (Moscow), a leading fertilizer producer, reports a 21% decline in first-quarter operating profit, to 5.27 billion Russian rubles ($150.9 million), on 7% lower sales, R19.4...
http://www.chemweek.com/people_and_business/earnings_finance/Uralchem-reports-lower-earnings-and-revenues_61473.html
May 30, 2014
The petrochemicals business of Indian Oil (New Delhi) reports a 22.4% increase in sales in the fiscal fourth quarter ended 31 March 2014, compared with the year-ago quarter, to 53.55...
http://www.chemweek.com/people_and_business/earnings_finance/Indian-Oils-petrochemicals-business-reports-rise-in-sales-PP-project-approved_61445.html
May 28, 2014
Rockwood has completed the acquisition of a 49% stake in Talison Lithium (Perth, Australia), now a joint venture in which a 51% stake will be held by China’s Chengdu Tianqi...
http://www.chemweek.com/people_and_business/earnings_finance/Rockwood-completes-acquisition-of-Talison-Lithium-stake_61360.html
May 27, 2014
Momentive Performance Materials (MPM) has been granted access to the full $570-million debtor-in-possession (DIP) financing facility by the US Bankruptcy Court for the Southern...
http://www.chemweek.com/people_and_business/earnings_finance/Court-grants-Momentive-Performance-Materials-access-to-bankruptcy-financing_61345.html
May 27, 2014
Airgas announced today that it is increasing prices on several products and equipment, effective 1 July. Prices on bulk and packaged industrial, medical and specialty gases will...
http://www.chemweek.com/people_and_business/earnings_finance/Airgas-increases-prices_61332.html
May 27, 2014
ACC today released its monthly chemical activity barometer (CAB)—with the indicator reaching its highest peak since February 2008, and its highest year-over-year (YOY) gain since...
http://www.chemweek.com/people_and_business/earnings_finance/ACC-CAB-reaches-highest-peak-since-2008_61333.html
May 27, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 14 out of 20 this week. Thus, we continue to post a green banner. Existing Home Sales up 1.3%; down 6.8% Y/Y New Home...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-23-May-2014_61334.html
May 23, 2014
The US Department of Commerce (Commerce Department) has announced the preliminary results of its sixth annual administrative review of the antidumping duty order on imports of steam...
http://www.chemweek.com/people_and_business/earnings_finance/US-Department-of-Commerce-announces-Chinese-activated-carbon-antidumping-orders_61301.html
May 22, 2014
Renewable chemicals firm Amyris (Emeryville, CA) announced today that it proposes to offer $75 million aggregate principal amount of Convertible Senior Notes due 2019, subject to...
http://www.chemweek.com/people_and_business/earnings_finance/Amyris-to-offer-$75-million-convertible-senior-notes_61254.html
May 22, 2014
Platform Specialty Products, the parent company of surface coatings maker MacDermid, has completed a $300.2-million private placement of common stock. The company issued 15.8 million...
http://www.chemweek.com/people_and_business/earnings_finance/Platform-Specialty-completes-private-placement-of-stock_61213.html
May 22, 2014
Materia (Pasadena, CA), a catalyst firm with an exclusive license for Grubbs catalyst technology, announced today that it has been awarded a $2-million grant from the US Department of...
http://www.chemweek.com/people_and_business/earnings_finance/DOE-awards-Materia-$2-million-grant-to-improve-hydrogen-storage-systems_61231.html
May 21, 2014
DuPont CFO Nicholas Fanandakis said during an investor conference today that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business. The company announced last October that it would divest its $7-billion/year performance chemicals segment by mid-2015 through a tax-free spin-off to shareholders as a part of the company’s transformation to a “higher growth, less cyclical company.”  The business includes titanium dioxide, fluoroproducts, and industrial chemicals....
http://www.chemweek.com/people_and_business/earnings_finance/DuPont-says-it-would-consider-alternatives-to-spinoff-for-performance-chemicals-unit_61210.html
May 21, 2014
Sociedad Química y Minera de Chile (SQM; Santiago) posted first-quarter net income of $81 million, down 46.5% year-on-year (YOY), as sales volumes from most business lines...
http://www.chemweek.com/people_and_business/earnings_finance/SQMs-net-income-down-more-than-46-percent-on-lower-sales_61193.html
May 21, 2014
Biotechnology companies in Germany are expecting “moderate growth” in turnover for the year 2014, according to a trend survey conducted among member companies of the German...
http://www.chemweek.com/people_and_business/earnings_finance/German-biotechnology-confident-for-2014_61191.html
May 20, 2014
PhosAgro (Moscow), a leading fertilizer producer, today reported a major decline in first-quarter net profit but higher Ebitda and Ebitda margin. Net profit was down 42%, to 1.9...
http://www.chemweek.com/people_and_business/earnings_finance/PhosAgro-reports-decline-in-first-quarter-net-profit-on-higher-sales-and-margin_61161.html
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