IHS Chemical Week

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August 3, 2015
Canpotex (Saskatoon, SK), the potash export cartel owned by Agrium, Mosaic, and PotashCorp, says that its board of directors has appointed Ken Seitz as president and CEO, effective 1...
http://www.chemweek.com/regions/north_america/canada/Canpotex-appoints-new-CEO_72682.html
August 2, 2015
Berry Plastics (Evansville, IN), a leading maker of plastic packaging, has announced an agreement to acquire Avintiv (Charlotte, NC), from Blackstone Group for approximately $2.45...
http://www.chemweek.com/regions/north_america/Berry-Plastics-to-acquire-Avintiv-from-Blackstone-for-$2-45-billion_72677.html
July 31, 2015
US second-quarter propylene production and inventories for 2015 were up over the year-ago period, according to data released on Friday from the American Fuel & Petrochemical...
http://www.chemweek.com/regions/north_america/us/US-propylene-production-up-in-second-quarter_72673.html
July 31, 2015
Air Products says it acquired an additional 30.5% of the outstanding shares of Indura (Santiago, Chile) for $278 million....
http://www.chemweek.com/regions/north_america/us/Air-Products-ups-Indura-stake-to-98-percent_72660.html
July 31, 2015
Phillips 66 says that its chemical segment, a 50% equity stake in Chevron Phillips Chemical (CPChem; The Woodlands, TX), reported earnings of $295 million during the second quarter, down 9% year-over-year (YOY)....
http://www.chemweek.com/regions/north_america/us/CPChem-earnings-down-9-percent-YOY_72669.html
July 31, 2015
Debt refinancing is a risk for a group of nine high-yield-rated chemical companies with a total of about $5 billion in debt maturing in 2017 or 2018, according to a new report by...
http://www.chemweek.com/regions/north_america/Moodys-Debt-refinancing-a-risk-for-some-private-equity-owned-chemical-companies_72652.html
July 31, 2015
International Flavors & Fragrances (IFF) says that it has completed the previously announced acquisition of Lucas Meyer Cosmetics (Quebec City), a subsidiary of Unipex Group...
http://www.chemweek.com/regions/north_america/us/IFF-completes-acquisition-of-Lucas-Meyer-Cosmetics_72648.html
July 31, 2015
TerraVerdae BioWorks (Edmonton, AB) has completed the scale-up optimization of its process to produce biodegradable polyhydroxyalkanoate (PHA) bioplastics from waste-derived methanol...
http://www.chemweek.com/regions/north_america/Bioplastics-start-up-optimizes-waste-methanol-to-PHA-process-scales-up-for-commercial-deployment_72643.html
July 31, 2015
BASF on Thursday announced plans to exit the dimer and polyamide resin business because of the North American market's fall over the past 15 years driven by excess market capacity and...
http://www.chemweek.com/regions/north_america/BASF-to-exit-dimer-and-polyamide-resin-business-due-to-North-American-market-decline_72641.html
July 31, 2015
Fluor Corp., the leading engineering and construction firm, has signed an agreement to divest 50% of shares in its Spanish operations, Fluor S.A., to Sacyr Industrial, a leading...
http://www.chemweek.com/regions/north_america/Fluor-sells-part-of-its-Spanish-subsidiary-confirms-refinery-award-in-Kuwait_72638.html
July 31, 2015
ExxonMobil reports that its chemical segment turned in second-quarter earnings of $1.246 billion, up 48% year-over-year (YOY), despite a decline in volume. US earnings increased 39%, to $735 million, and non-US earnings increased 63%, to $511 million....
http://www.chemweek.com/regions/north_america/ExxonMobils-chemical-earnings-leap-to-$1-2-billion_72650.html
July 31, 2015
Olin reports second-quarter net income of $42 million, up 16% year-over-year (YOY), on sales of $535 million, down 6% YOY on lower chlor-alkali volumes and turnaround costs. Earnings per share of 55 cts easily beat analysts’ consensus estimate of 30 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/Olins-earnings-beat-estimates_72628.html
July 30, 2015
Quaker Chemical today announced second-quarter net income down 2.6% year-on-year (YOY), to $15.0 million, or $1.13/share, on sales down 4.0%, to $183.7 million. Volumes were up by 4%...
http://www.chemweek.com/regions/north_america/Quaker-Chemical-earnings-fall_72624.html
July 30, 2015
Kraton Performance Polymers says that a cluster of operational issues took a big bite out of second-quarter earnings. The company reports a net loss for the quarter of $5.6 million, swinging year-over-year (YOY) from a net profit of $11.1 million. Sales totaled $255.9 million, down 21% YOY from $323.8 million, mainly on lower prices, but also on reduced volume. Adjusted earnings per share of 2 cts fell well short of analysts’ consensus estimate of 41 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/Kraton-misses-estimates-on-production-issues-reports-loss-of-$5-6-million_72568.html
July 30, 2015
Occidental Petroleum (Houston) says that its chemical business, OxyChem, turned in pretax core earnings for the second quarter of $136 million, up 2% from $133 million in the second quarter of 2014. Chemical revenues totaled $1.03 billion, down 17% year-on-year from $1.242 billion....
http://www.chemweek.com/regions/north_america/Oxy-earnings-up_72565.html
July 30, 2015
A seasonal increase in gasoline demand in the US means there is strong demand for high octane blend stocks and this has seen an increase in demand for para-xylene in the region. In...
http://www.chemweek.com/regions/north_america/Reverse-flow-of-p-xylene-short-lived_72549.html
July 30, 2015
PotashCorp reports second-quarter net income down 11.7% year-on-year (YOY), to $417 million, on net sales down 8.5%, to $1.7 billion. Adjusted earnings of 50 cts/share were down 10.7%...
http://www.chemweek.com/regions/north_america/PotashCorp-earnings-fall-on-weak-nitrogen-prices_72567.html
July 30, 2015
ACC’s chemical activity barometer (CAB), a leading indicator of economic activity measured on a three-month moving average, increased 0.1% in July, following consecutive monthly...
http://www.chemweek.com/regions/north_america/ACC-CAB-rises-modestly-in-July-signals-slow-gains-in-activity-into-early-2016_72566.html
July 30, 2015
Air Products today reported fiscal third-quarter net income up 2% year-on-year (YOY), to $318.8 million, or $1.47/share, on sales down 6%, to $2.47 billion. Excluding restructuring and...
http://www.chemweek.com/regions/north_america/Air-Products-earnings-beat-estimates-despite-sales-decline_72564.html
July 30, 2015
Methanex posted net income attributed to shareholders of $104 million, down 17% year-on-year (YOY). Revenue of $638 million was down 19% YOY. Reported adjusted earnings of 56 cts/share...
http://www.chemweek.com/regions/north_america/us/Methanex-earnings-miss-estimates-on-production-shortfalls_72563.html
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