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November 2, 2012
Intrepid Potash (Denver) reported a 30% gain in net income, to $33.3 million, for the third quarter 2012 due to additional potash sales at a higher price, the company says. Adjusted...
http://www.chemweek.com/people_and_business/people_executives/Intrepid-Potash-reports-higher-earnings-due-to-high-potash-sales-volumes_47428.html
November 2, 2012
Calgon Carbon (Pittsburgh) swung to a net loss of $4.4 million for third-quarter 2012, compared to a net income gain of $14.5 million in the same quarter of 2011. An $8-million...
http://www.chemweek.com/people_and_business/people_executives/Calgon-Carbon-swings-to-a-loss-on-charges_47426.html
November 2, 2012
Apollo Management plans to sell 20 million shares of LyondellBasell in a public offering, according to LyondellBasell. The timing of the sale was not disclosed. Apollo currently owns...
http://www.chemweek.com/people_and_business/people_executives/Apollo-to-sell-20-million-LyondellBasell-shares-cutting-stake-to-23-percent_47410.html
November 1, 2012
Rentech says its subsidiary Rentech Nitrogen has signed an agreement to acquire Agrifos Holdings (Pasadena, TX), for $158 million. Agrifos produces primarily ammonium sulfate...
http://www.chemweek.com/people_and_business/people_executives/Rentech-Nitrogen-acquires-Texas-based-ammonium-sulfate-producer_47409.html
November 1, 2012
Kraton Performance Polymers (Houston) posted a net loss of $15.5 million, compared with net income of $43.1 million in the year-ago quarter. Adjusted earnings fell as well—down...
http://www.chemweek.com/people_and_business/people_executives/Kraton-earnings-fall-because-of-butadiene-impacts-drops-plans-for-Taiwan-HSBC-jv_47399.html
November 1, 2012
Gerd Löbbert, former board member/polyolefins at Borealis and an executive with BASF prior to that, has been appointed head of Yara’s upstream business, effective 1 December...
http://www.chemweek.com/people_and_business/people_executives/Former-Borealis-board-member-Gerd-Lobbert-joins-Yaras-executive-management-team_47372.html
October 31, 2012
Calumet Specialty Products (Indianapolis) reported an increase in earnings for the third quarter, to $42.4 million from $19.6 million in the same quarter 2011. Adjusted earnings of...
http://www.chemweek.com/people_and_business/people_executives/Calumet-Specialty-Products-reports-rise-in-earnings_47387.html
October 31, 2012
Cabot says net earnings for the quarter ended 30 September fell 26%, to $37 million, including a charge primarily for restructuring- and acquisition-related expenses, the company...
http://www.chemweek.com/people_and_business/people_executives/Cabot-reports-sight-sales-increase-due-to-Norit-acquisition_47376.html
October 29, 2012
Bayer has announced the appointment of Liam Condon, 44,as chairman of the executive committee of the Bayer CropScience subgroup and chairman of the board of management of Bayer...
http://www.chemweek.com/people_and_business/people_executives/Bayer-appoints-Liam-Condon-as-chairman-of-Bayer-CropScience_47338.html
October 29, 2012
Perstorp has announced that chairman Lennart Holm has left the company. He was replaced as chairman by Perstorp board member Fabrice Fouletier, effective 25 October 2012. Holm had been...
http://www.chemweek.com/people_and_business/people_executives/Perstorp-chairman-steps-down_47337.html
October 29, 2012
Compass Minerals reported a major drop in earnings for the third quarter 2012—down 73% from the year-ago quarter, to $9.4 million. The decrease is partially due to losses from a...
http://www.chemweek.com/people_and_business/people_executives/Compass-Minerals-reports-major-drop-in-earnings_47320.html
October 26, 2012
Dow Corning says sales and earnings fell in the third quarter hurt by oversupply, economic weakness Europe, and high raw material costs. Net income was $97 million, down 45%...
http://www.chemweek.com/people_and_business/people_executives/Dow-Corning-earnings-fall-on-weak-silicones-polysilicon_47292.html
October 26, 2012
Olin (Clayton, MO) reported a drop in earnings for the third quarter 2012—down 40%, to $28.7 million or 35 cts/share, falling short of analyst estimates of 47 cts/share...
http://www.chemweek.com/people_and_business/people_executives/Olin-reports-rise-in-sales-due-to-K-A-Steel-acquisition_47290.html
October 26, 2012
ExxonMobil has confirmed that an ExxonMobil Chemical executive has been shot dead in a street in Brussels. Belgian police say that Nicholas Mockford was shot several times as he left a...
http://www.chemweek.com/people_and_business/people_executives/ExxonMobil-Chemical-executive-shot-dead-in-Brussels_47283.html
October 26, 2012
NewMarket (Richmond, VA) reported net income of $64.7 million, down 10% year-over-year (YOY). Earnings per share of $4.83 beat analyst estimates of $4.42/share, according to Thompson Reuters (New York). Adjusted earnings were $65.8 million, or $4.91/share. Earnings include an expense from an interest rate swap related to the financing on its Foundry Park facility. Sales were flat at $554 million. NewMarket also announced a special dividend of $25/share....
http://www.chemweek.com/people_and_business/people_executives/NewMarket-reports-slight-drop-in-earnings-announces-special-$25share-dividend_47249.html
October 25, 2012
Cabot Microelectronics (Aurora, IL) says net income was $11.6 million for the fiscal fourth quarter, ended 30 September, up 24% year-on-year (YOY) due to lower revenue and a...
http://www.chemweek.com/people_and_business/people_executives/Cabot-Microelectronics-sales-and-earnings-increase_47230.html
October 25, 2012
PotashCorp reported a drop in third-quarter earnings—down 22%, to $645 million, or 75 cts/share. Reported adjusted earnings per share of 74 cts/share were lower than analyst...
http://www.chemweek.com/people_and_business/people_executives/PotashCorp-reports-drop-in-earnings-sales-due-to-weak-overseas-potash-demand_47229.html
October 25, 2012
Occidental Chemical, the chemical unit of Occidental Petroleum, reported earnings of $162 million for the third quarter 2012, down 34% year-over-year. The company says the drop in...
http://www.chemweek.com/people_and_business/people_executives/Occidental-Chemical-reports-drop-in-earnings-for-the-third-quarter_47227.html
October 23, 2012
Evonik has formed a new business unit, the oil and gas group, headquartered in Houston, bringing together the products it offers to the oil and gas industries—including friction...
http://www.chemweek.com/people_and_business/people_executives/Evonik-creates-oil-and-gas-business-unit_47161.html
October 23, 2012
Lonza says it is discussions on a possible sale of its performance urethanes business, acquired as part of its October 2011 acquisition of biocides maker Arch Chemicals....
http://www.chemweek.com/people_and_business/people_executives/Lonza-in-talks-to-sell-former-Arch-performance-urethanes-business_47126.html
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