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March 21, 2014
PetroChina’s refining and chemicals business reports an operating loss of 24.4 billion renminbi ($3.9 billion) in 2013 compared with an operating loss of Rmb43.51 billion in...
http://www.chemweek.com/people_and_business/earnings_finance/PetroChinas-chemicals-business-loss-widens_59754.html
March 21, 2014
Specialty chemicals group Altana today reported higher sales and earnings and said it plans to double the size of its business by 2020. Last year's Ebitda was 4% higher, at €336...
http://www.chemweek.com/people_and_business/earnings_finance/Altana-reports-higher-sales-and-earnings-plans-to-double-in-size-by-2020_59753.html
March 21, 2014
Lenzing  (Lenzing, Austria), a leading cellulose fiber producer, today reported its 2013 results and said that it will counter the unsatisfactory earnings results with a massive...
http://www.chemweek.com/people_and_business/earnings_finance/Lenzing-accelerates-cost-reduction-program-as-earnings-decline_59751.html
March 20, 2014
W.R. Grace said yesterday that the company is targeting 8-10% growth in Ebit, and sales growth of 1.5-2 times (x) GDP from 2014 through 2018. The company, which in February emerged...
http://www.chemweek.com/people_and_business/earnings_finance/Grace-sets-8-10-percent-Ebit-growth-target_59692.html
March 20, 2014
Trinseo, formerly Styron, filed for an initial public offering worth up to $200 million today, nearly three years after the company filed for a $400 million that never commenced...
http://www.chemweek.com/people_and_business/earnings_finance/Trinseo-refiles-for-IPO_59621.html
March 20, 2014
Lanxess today said it expects first quarter 2014 Ebitda pre-exceptionals to reach around €200 million ($276.6 million), up from €174 million in the year-earlier period, which...
http://www.chemweek.com/people_and_business/earnings_finance/Lanxess-expects-a-better-first-quarter-and-full-year-after-a-challenging-2013_59684.html
March 19, 2014
Dow Chemical said today at an investor meeting in Saudi Arabia today that it has increased its asset sale target by $1.5–2.0 billion, lifting expected proceeds to $4.5–6.0 billion....
http://www.chemweek.com/people_and_business/earnings_finance/Dow-increases-divestiture-target-to-$4-5-6-0-billion_59662.html
March 19, 2014
Brenntag has posted a slight increase in 2013 profit after tax, to €339 million, on sales almost 1% higher, at €9.8 billion. Gross profit increased 1% last year, to...
http://www.chemweek.com/people_and_business/earnings_finance/Brenntags-earnings-sales-edge-higher-in-tough-market-conditions_59659.html
March 18, 2014
FMC says it expects first-quarter 2014 operating profit in its agricultural solutions segment decline in the mid-20% range year-on-year because of cold weather in North...
http://www.chemweek.com/people_and_business/earnings_finance/FMC-predicts-weaker-first-quarter-agricultural-results-due-to-cold-weather_59646.html
March 18, 2014
Sibur (Moscow) reports a 15.2% decrease in adjusted net profit for 2013, to 50.9 billion rubles, on revenue down 0.6%, to R269.8 billion. Petrochemical products accounted for R116...
http://www.chemweek.com/people_and_business/earnings_finance/Sibur-posts-lower-sales-and-earnings-on-weak-synthetic-rubber-business_59644.html
March 18, 2014
Wacker Chemie has provided more details on its strategies following the recent announcement of the company’s preliminary results. Addressing a press briefing at Munich this...
http://www.chemweek.com/people_and_business/earnings_finance/Wacker-expects-better-sales-and-earnings-in-2014-signs-polysilicon-deal-with-China_59645.html
March 17, 2014
Sensient Technologies today released a letter to shareholders outlining its opposition to hedge fund FrontFour Capital’s (New York) slate of director nominees. Sensient says that...
http://www.chemweek.com/people_and_business/earnings_finance/Sensient-releases-letter-opposing-FrontFour-director-nominees_59623.html
March 17, 2014
Linde says that group revenue rose to €16.7 billion ($23.2 billion), or 5.2%, and group operating profit increased by 7.6% to €3.96 billion, in full-year 2013. The company...
http://www.chemweek.com/people_and_business/earnings_finance/Linde-increases-sales-and-profit_59619.html
March 14, 2014
Canexus (Calgary, AB) reports a loss of C$344,000 ($310,000) for the fourth quarter of 2013, down from a profit of C$14.6 million in the year-ago quarter. Sales declined 4% year-over-year (YOY) to $139.8 million. The company’s share price, which had tumbled after the resignation of president and CEO Gary Kubera on 6 March, sprang back the day after the earnings release, climbing 37 cents on 14 March to close at $5.04/share....
http://www.chemweek.com/people_and_business/earnings_finance/Canexus-swings-to-loss-but-stock-market-positive_59611.html
March 14, 2014
Composite materials supplier Gurit (Zurich) says its sales in full-year 2013 fell 19.9%, to 281.1 million Swiss francs ($322 million) and Ebitda plummeted by 51.4%, to SF17.7 million...
http://www.chemweek.com/people_and_business/earnings_finance/Gurit-full-year-2013-sales-fall-19-9-percent-Ebitda-plummets-51-4-percent_59596.html
March 14, 2014
Kronos Worldwide reports net income of $2.9 million for the fourth quarter of 2013, up from a loss of $18.1 million in the year-ago period. Earnings per share totaled 3 cents, below the analysts’ consensus estimate of 6 cents, owing to a $9 million one-time charge related to a labor settlement. Excluding the settlement, earnings were 8 cents/share....
http://www.chemweek.com/people_and_business/earnings_finance/Kronos-swings-to-profit_59582.html
March 13, 2014
Potash producer K+S (Kassel, Germany) today announced its 2013 results and gave guidance for this year. The company reported an 18.4% decline in earnings before interest and tax (Ebit)...
http://www.chemweek.com/people_and_business/earnings_finance/K+S-reports-lower-sales-and-earnings-as-global-potash-turmoil-takes-its-toll_59534.html
March 12, 2014
Trinseo, formerly Styron, reports net income for the 2013 fourth quarter of $10.6 million, up from a loss of $507,000 in the year-ago period. Adjusted Ebitda more than doubled, to $109 million, the result of improved styrene production margins and an additional $10 million in 2013 dividends from the Americas Styrenics joint venture....
http://www.chemweek.com/people_and_business/earnings_finance/TrinseoStyron-swings-to-profit_59475.html
March 12, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $9.81 million in the fourth quarter of 2013 compared...
http://www.chemweek.com/people_and_business/earnings_finance/Codexis-narrows-loss_59490.html
March 11, 2014
Rentech Nitrogen has announced its fourth-quarter earnings, ended 31 December 2013, today reporting a net loss and revenues down on a “challenging” quarter, heavily...
http://www.chemweek.com/people_and_business/earnings_finance/Rentech-Nitrogen-reports-lower-results-on-drop-in-nitrogen-prices_59470.html
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