IHS Chemical Week

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August 22, 2013
PetroChina’s refining and chemicals business segment recorded an operating loss of 15.86 billion renminbi ($2.59 billion) in the first half of 2013, compared with an operating...
http://www.chemweek.com/people_and_business/earnings_finance/PetroChinas-chemicals-business-loss-widens_54643.html
August 22, 2013
PhosAgro (Moscow) today reported a drop in six-months’ net profit to 4.8 billion Russian ruble ($154 million) compared with R10.8 billion in the first half of 2012. Revenue...
http://www.chemweek.com/people_and_business/earnings_finance/PhosAgros-six-months-profits-slide-on-lower-DAP-prices_54632.html
August 21, 2013
Lenzing (Lenzing, Austria), a leading man-made cellulosic fiber producer, today reported significantly lower sales and profits for the first six months of the year. The company is...
http://www.chemweek.com/people_and_business/earnings_finance/Lenzing-reports-lower-sales-and-profits-citing-high-inventories-lowers-guidance_54599.html
August 20, 2013
Compass Minerals today released a business update, detailing its outlook for the second half of 2013. The update cites more typical sales expectations for the season, since a return to...
http://www.chemweek.com/people_and_business/earnings_finance/Compass-Minerals-releases-updated-business-outlook_54580.html
August 19, 2013
Food safety and water treatment chemicals maker BHS Specialty Chemicals (Nampa, ID), which is owned by private equity firm Post Capital, has acquired Steam Engineering (SEI; Vancouver...
http://www.chemweek.com/people_and_business/earnings_finance/Post-Capital-portfolio-company-buys-cleaning-chemicals-firm_54573.html
August 19, 2013
MACROECONOMIC STATUS Our running tab of positive indicators slipped by one to 14 out of 20 this week. However, we continue to post a green banner. Consumer Prices up 0.2%; up 2.0% Y/Y...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-16-August-2013_54562.html
August 19, 2013
Uralchem (Moscow), one of the largest producers of nitrogen and phosphate fertilizers in Russia, has announced its unaudited financial results for the first 6 months of 2013. Net...
http://www.chemweek.com/people_and_business/earnings_finance/Russian-fertilizer-producer-Uralchem-reports-lower-profits-flat-sales_54559.html
August 19, 2013
Keyuan Petrochemicals (Ningbo, China) reports an 81% rise in net profits for the first quarter, ended 31 March 2013, compared with the year-ago quarter, to $2.9 million. First-quarter...
http://www.chemweek.com/people_and_business/earnings_finance/Keyuan-Petrochemicals-reports-rise-in-profits-sales_54557.html
August 15, 2013
Cereplast (Seymour, IN) reports that its gross profit in second-quarter 2013 was $93,000 compared with a loss of $7,000 for the year-ago period. Net sales in second-quarter 2013 were...
http://www.chemweek.com/people_and_business/earnings_finance/Cereplast-reports-big-increase-in-sales-for-second-quarter-net-loss-mounts_54509.html
August 15, 2013
Haldor Topsøe (Copenhagen) today reported a 36% rise in net profit for the first six months of this year, to 311 million Danish kroner ($55.4 million), and a 14% increase...
http://www.chemweek.com/people_and_business/earnings_finance/Topsøe-reports-higher-sales-and-profits-on-higher-demand-for-catalysts-technologies_54505.html
August 15, 2013
AZ Electronic Materials (Luxembourg) today reported a decline in first-half results on weaker sales and increased competition. AZ is a producer of high-purity specialty chemicals for...
http://www.chemweek.com/people_and_business/earnings_finance/AZ-Electronic-Materials-reports-lower-sales-and-profits-sees-softer-pickup-in-demand_54503.html
August 15, 2013
EuroChem (Moscow), Russia’s largest producer of fertilizers, has reported a 20% decrease in second quarter Ebitda to 12.7 billion Russian ruble ($402 million) on sales 8% higher...
http://www.chemweek.com/people_and_business/earnings_finance/EuroChems-second-quarter-boosted-by-acquisition-committed-to-potash-despite-turmoil_54501.html
August 14, 2013
Trian Fund Management, led by activist investor CEO Nelson Peltz, has acquired a 0.6% stake in DuPont, according to regulatory filings....
http://www.chemweek.com/people_and_business/earnings_finance/Trian-reveals-small-DuPont-stake_54496.html
August 14, 2013
Brazil's securities commission, CVM (Rio de Janeiro), has requested Braskem and energy company Petrobras to provide an explanation of the adoption of hedge accounting in the companies'...
http://www.chemweek.com/people_and_business/earnings_finance/Reports-Brazils-regulator-seeks-explanation-from-Braskem-Petrobras-of-hedge-accounting-in-second-quarter_54480.html
August 13, 2013
DuPont has adopted a cash payout severance plan for senior executives fired following a company takeover and also changed company bylaws regarding advance notice of shareholder...
http://www.chemweek.com/people_and_business/earnings_finance/DuPont-adopts-executive-severance-and-bylaw-changes-in-advance-of-Trian-stake-disclosure_54468.html
August 13, 2013
FMC has named Chuck Thomas v.p./finance and Nicholas Pfeiffer corporate controller. Pfeiffer succeeds Graham Wood, who retires on 1 October. Thomas has been with FMC for 30 years, most...
http://www.chemweek.com/people_and_business/earnings_finance/FMC-names-new-finance-leadership_54458.html
August 13, 2013
Taminco (Allentown, PA) reports a second-quarter net loss of $13 million, or 21 cents/share, down 286% year-on-year (YOY), from $7 million....
http://www.chemweek.com/people_and_business/earnings_finance/Taminco-reports-loss-on-one-time-charges-sales-up-6-percent-to-$305-million_54459.html
August 13, 2013
Momentive Specialty Chemicals reports a net loss of $28 million compared with net income of $28 million in the year-ago quarter. Operating income fell 53.3% YOY, to $49 million...
http://www.chemweek.com/people_and_business/earnings_finance/Momentive-reports-net-losses-on-weak-epoxies-quartz_54455.html
August 13, 2013
Clariant and Ashland are planning to sell their 50-50 foundry chemicals joint venture, ASK Chemicals, according to a Reuters report. The business, which is operated by Clariant and...
http://www.chemweek.com/people_and_business/earnings_finance/Report-Clariant-Ashland-to-sell-foundry-chemicals-JV_54457.html
August 13, 2013
Valspar reports net income of $93.8 million for the quarter ended 26 July, up 8.6% from the year-ago quarter. Reported adjusted earnings were $1.07/share, up 10.3% year-on-year (YOY)...
http://www.chemweek.com/people_and_business/earnings_finance/Valspar-reports-stronger-earnings-but-falls-short-of-estimates_54454.html
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