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September 16, 2014
Sibur (Moscow), an integrated gas processing and petrochemical company, today reported improved half-year results due a large extent to recently completed investment projects. Ebitda...
http://www.chemweek.com/people_and_business/earnings_finance/Sibur-reports-improved-half-year-results-rubber-remains-under-pressure_63839.html
September 15, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 18 out of 20 this week. Thus, we continue to post a green banner. Please refer to the end of this report for an...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-12-September-2014_63825.html
September 11, 2014
Eastman Chemical announced today that it plans to acquire Taminco for $2.8 billion, or $26/share, including $1 billion of assumed debt. Taminco, a major producer of alklylamines and...
http://www.chemweek.com/people_and_business/earnings_finance/Eastman-to-acquire-Taminco-for-$2-8-billion_63725.html
September 10, 2014
Operating profits for Sasol’s chemical cluster increased 178% during the fiscal year ending June 2014, the company says, to a total of rand 8.41 billion ($770 million). Transfers unrelated to sales accounted for half of the gain, but strong performance in the olefins & surfactants (O&S) and solvents businesses plus improvements in polymers contributed the remainder. Total chemical revenues increased 17% to rand 111.7 billion....
http://www.chemweek.com/people_and_business/earnings_finance/Sasol-chemical-profits-up-on-strong-olefins-and-surfactants-improved-polymers_63682.html
September 9, 2014
Kemira has adjusted its medium-term sales target. The company says that its revenue will be €2.7 billion in 2017 after previously targeting 2016 revenue of €2.6-2.7 billion...
http://www.chemweek.com/people_and_business/earnings_finance/Kemira-adjusts-medium-term-targets-maintains-2014-outlook_63677.html
September 8, 2014
Ecolab has acquired the chemicals segment – including water treatment, car top dust control, and freeze conditioning chemicals – of AKJ Industries (Fort Myers, FL). AKJ...
http://www.chemweek.com/people_and_business/earnings_finance/Ecolab-acquires-chemicals-segment-of-AKJ-Industries_63613.html
September 3, 2014
Lehigh Technologies (Atlanta), a maker of micronized rubber powder (MRP) from tire scrap, announced today that it has $8 million in a recent funding round to support the...
http://www.chemweek.com/people_and_business/earnings_finance/Lehigh-Technologies-closes-$8-million-funding-round_63601.html
September 2, 2014
Uralchem (Moscow), one of the largest nitrogen fertilizer producers in Russia, today reported a major drop in earnings and revenues for the first six months of this year. Adjusted...
http://www.chemweek.com/people_and_business/earnings_finance/Uralchem-reports-major-drop-in-sales-and-earnings-in-first-six-months_63579.html
September 2, 2014
Accella Performance Materials (St. Louis), a portfolio company of Arsenal Capital (New York), has purchased Zeus Tyrefill Systems (Dortmund, Germany) for an undisclosed sum, the...
http://www.chemweek.com/people_and_business/earnings_finance/Arsenals-Accella-buys-German-tire-materials-firm_63564.html
September 2, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 18 out of 20 this week. Thus, we continue to post a green banner. Chemical Activity Barometer (CAB) up 0.2%; up 4.3% Y/Y...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-29-August-2014_63578.html
August 29, 2014
Uralkali (Berezniki, Russia), a leading global producer of potash, today reported a 7% drop in net profit in the first six months of the year to $370 million on 7% higher revenue of...
http://www.chemweek.com/people_and_business/earnings_finance/Uralkali-reports-lower-profits-on-higher-sales-as-potash-markets-stabilize_63451.html
August 28, 2014
Silicones and quartz producer Momentive Performance Materials (MPM) says the US Bankruptcy Court for the Southern District of New York is likely to confirm the company’s...
http://www.chemweek.com/people_and_business/earnings_finance/Momentive-Performance-Materials-moves-closer-to-Chapter-11-exit_63462.html
August 28, 2014
Keyuan Petrochemicals (Ningbo, China) reports a net loss of about $1 million for the quarter ended 30 June compared with a net loss of $500,000 in the year-ago quarter due to a foreign...
http://www.chemweek.com/people_and_business/earnings_finance/Keyuan-Petrochemicals-widens-loss-in-second-quarter_63452.html
August 28, 2014
PetroChina’s refining and chemicals business reports an operating loss of 3.43 billion renminbi ($559 million) in the first half of 2014 compared with an operating loss of...
http://www.chemweek.com/people_and_business/earnings_finance/PetroChinas-chemicals-business-narrows-loss_63448.html
August 27, 2014
Tessenderlo Group reports a net profit of €27.7 million ($36.5 million) for the first half of the year compared with a €35.1-million net loss in the first half of 2013...
http://www.chemweek.com/people_and_business/earnings_finance/Tessenderlo-swings-to-profit-during-first-half_63417.html
August 27, 2014
Sociedad Química y Minera de Chile (SQM; Santiago) reports a net profit of $71.1 million for the second quarter, down almost 35% year-on-year (YOY). Pretax profit also fell, to...
http://www.chemweek.com/people_and_business/earnings_finance/SQMs-second-quarter-net-profit-drops-almost-35-percent_63410.html
August 26, 2014
Sinopec’s chemicals business reports an operating loss of 3.96 billion renminbi ($645 million) in the first six months of 2014 compared with a loss of Rmb409 million in the first...
http://www.chemweek.com/people_and_business/earnings_finance/Sinopecs-chemicals-business-loss-widens_63384.html
August 25, 2014
Westlake Chemical (Houston) says its board of directors has declared a dividend of 16.5 cts/share, an increase of 31% over the 12.6 cts/share paid during the second quarter of 2014....
http://www.chemweek.com/people_and_business/earnings_finance/Westlake-boosts-dividend-by-31-percent_63367.html
August 22, 2014
Siegfried (Zofingen, Switzerland) reports a 1.6% rise in net profits for the first six months of 2014 compared with the year-ago period, to 18.8 million Swiss francs ($20.5 million)...
http://www.chemweek.com/people_and_business/earnings_finance/Siegfried-reports-a-slight-increase-in-profits_63355.html
August 22, 2014
Axalta, the former automotive coatings business of DuPont, has filed with the US Securities and Exchange Commission (SEC; Washington) for an initial public offering....
http://www.chemweek.com/people_and_business/earnings_finance/Carlyles-Axalta-files-for-IPO_63347.html
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