IHS Chemical Week

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October 30, 2014
Eastman Chemical’s third-quarter net earnings fell 31%, to $212 million, due to the one-time impact of restructuring changes, Operating earnings were $427 million, up 5.4% YOY on higher advanced materials and adhesives and plasticizers earnings. Eastman says it now expects full-year earnings to “approach $7/share,” toward the higher end of previous estimates....
http://www.chemweek.com/regions/north_america/us/Eastman-earnings-fall-on-one-time-charges-full-year-outlook-remains-strong_65007.html
October 30, 2014
Methanex (Vancouver, BC) reports third-quarter income of $52 million, down 40% year-over-year (YOY) from $87 million. Sales totaled $730 million, down 4% YOY from $758 million. Adjusted earnings of 69 cents/share beat the analysts’ consensus estimate of 64 cents/share compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/Methanex-earnings-down-but-beat-estimates_64970.html
October 30, 2014
A July ethylene outage at the company’s Port Arthur, TX, facility took a large chunk out of Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) third-quarter earnings. Phillips 66 reports that its chemical segment, a 50% equity interest in CPChem, turned in earnings of $230 million for the third quarter, a 29% year-over-year (YOY) decline from $324 million....
http://www.chemweek.com/regions/north_america/CPChem-earnings-down-29-percent-on-Port-Arthur-outage_64958.html
October 30, 2014
The governor of Virginia Terry McAuliffe announced today that the Chinese company UniTao Pharmaceuticals has purchased the Boehringer Ingelheim plant at Petersburg and plans to invest...
http://www.chemweek.com/regions/north_america/Chinese-company-buys-Boehringer-Ingelheim-plant-in-Virginia_64975.html
October 30, 2014
Bristol-Myers Squibb and Lonza today announced a multi-year expansion of their biologics manufacturing agreement. The contract expansion will include the production of commercial...
http://www.chemweek.com/regions/north_america/Lonza-and-Bristol-Myers-Squibb-expand-manufacturing-agreement_64987.html
October 30, 2014
Air Products reports net income of $104 million, a 24% decline year-over-year (YOY) for its fiscal fourth quarter ended 30 September. Net income includes an after-tax charge of $256...
http://www.chemweek.com/regions/north_america/Air-Products-reports-income-decline-on-Latin-American-tax-charge_64971.html
October 30, 2014
Lubrizol today announced an alliance between Lubrizol LifeSciences, a leading supplier of advanced materials for the healthcare industry, and Particle Sciences (Bethlehem, PA), an...
http://www.chemweek.com/regions/north_america/Lubrizol-forms-alliance-with-Particle-Sciences-following-Vesta-acquisition_64972.html
October 30, 2014
Mosaic today reported third-quarter net earnings of $202 million, up 62% YOY. Earnings per share of 54 cts/share fell slightly below analyst estimates of 56 cts/share, according to...
http://www.chemweek.com/regions/north_america/Mosaic-earnings-up-on-phosphates-strength_64949.html
October 30, 2014
NewMarket today reported third-quarter net income of $56.9 million, or $4.53/share, down 27.9% year-on-year (YOY), on sales up 1.6%, to $589.7 million. Net income included results from...
http://www.chemweek.com/regions/north_america/NewMarket-earnings-fall-despite-sales-increase_64950.html
October 30, 2014
Intrepid Potash says that its third-quarter sales volumes were up, but the company reported a net loss of $1.2 million compared with a gain of $2 million one year earlier. A per-share...
http://www.chemweek.com/regions/north_america/Intrepid-Potash-reports-net-loss-for-third-quarter_64919.html
October 30, 2014
Cambrex (East Rutherford, NJ) reports a more than doubling in net profits for the third quarter of 2014 compared with the third quarter of 2013, to $8.76 million. Third-quarter sales...
http://www.chemweek.com/regions/north_america/us/Cambrex-reports-rise-in-profits_64932.html
October 30, 2014
Private equity firm Warburg Pincus (New York) says that it has acquired a minority stake in Laurus Labs (Hyderabad, India), a leading developer and manufacturer of active...
http://www.chemweek.com/regions/north_america/us/New-York-based-private-equity-firm-buys-minority-stake-in-Indian-API-manufacturer-Laurus-for-$90-million_64923.html
October 29, 2014
CF Industries today announced that its entire Woodward, OK, nitrogen complex is offline due to a problem in one of the boilers. All of the plants in the complex were safely shut down...
http://www.chemweek.com/regions/north_america/us/CF-Industries-shuts-down-Woodward-OK-nitrogen-complex-to-repair-boiler_64921.html
October 29, 2014
FMC today reported third-quarter earnings that more than tripled year-on-year (YOY), to $56.3 million, or 42 cts/share, on net revenues up 6%, to $1.02 billion. Excluding charges, such...
http://www.chemweek.com/regions/north_america/FMC-earnings-rise-but-fall-short-of-estimates_64920.html
October 29, 2014
IM Skaugen (IMS; Oslo), part of the Skaugen Group (Oslo), has agreed to sell liquefied petroleum gas (LPG)/ethylene carrier Norgas Napa to a subsidiary of Teekay (Vancouver) for $27...
http://www.chemweek.com/regions/north_america/IM-Skaugen-sells-LPGethylene-carrier-to-Canadian-firm_64904.html
October 29, 2014
Bayer CropScience and DuPont announced today the signing of an agreement for Bayer to purchase certain DuPont Crop Protection land management assets in the United States, Canada...
http://www.chemweek.com/regions/north_america/Bayer-CropScience-acquires-certain-DuPont-Crop-Protection-land-management-operations_64905.html
October 29, 2014
All major construction work related to the rebuild of Williams' (Tulsa, OK) damaged steam cracker at Geismar, LA—including an expansion project and safety-related equipment...
http://www.chemweek.com/regions/north_america/Williams-rebuilt-expanded-Louisiana-cracker-in-final-stages-of-commissioning-and-start-up_64889.html
October 29, 2014
Dow Corning, 50-50 joint venture between Dow Chemical and Corning,  reports third-quarter net income of $176 million, up 49% year-over-year (YOY). Sales were up 7% YOY, to $1.52...
http://www.chemweek.com/regions/north_america/Dow-Corning-reports-net-income-up-49-percent_64893.html
October 29, 2014
The Society of Chemical Industry (SCI), America section announced that the 2015 SCI Chemical Industry Medal will be awarded to Stephen Pryor, president of ExxonMobil Chemical. He will...
http://www.chemweek.com/regions/north_america/Pryor-of-ExxonMobil-to-receive-2015-SCI-medal_64898.html
October 29, 2014
Praxair reports third quarter net income of $477 million, up 6% year-over-year (YOY) on sales up 4% YOY, to $3.1 billion. Sales grew from higher volumes—including project...
http://www.chemweek.com/regions/north_america/Praxair-earnings-sales-up_64897.html
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