IHS Chemical Week

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October 29, 2014
Nova Chemical reports third-quarter income of $259 million, up 116% year-over-year (YOY) from $120 million, with all segments contributing to the gain. Sales totaled $1.427 billion, up 13% YOY from $1.263 billion....
http://www.chemweek.com/regions/north_america/Nova-doubles-third-quarter-income_64899.html
October 29, 2014
DSM's new North American nylon polymerization plant will be built at Augusta, GA, the company confirmed today. The previously announced investment was accounted for earlier this year...
http://www.chemweek.com/regions/north_america/DSM-names-site-for-North-America-nylon-6-plant_64896.html
October 29, 2014
Cabot today reported fiscal fourth-quarter net income down 29.8% year-on-year (YOY), to $33 million, or 51 cts/share, on sales up 1.7%, to $911 million. Adjusted earnings totaled 85...
http://www.chemweek.com/regions/north_america/Cabot-beats-estimates-despite-net-income-decline_64902.html
October 29, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments. “[W]e know that our businesses strongly benefit from being a part of DuPont,” DuPont chair and CEO Ellen Kullman says in the letter....
http://www.chemweek.com/regions/north_america/DuPont-makes-its-case-against-further-break-up_64874.html
October 29, 2014
Johnson Matthey says that it has entered into an agreement to acquire Clariant's battery materials business for $75 million. The transaction, which is expected to be...
http://www.chemweek.com/regions/north_america/canada/Johnson-Matthey-to-acquire-Clariants-battery-materials-business-for-$75-million_64880.html
October 29, 2014
Ineos said today that its Ineos's Barex resins subsidiary will close its Barex resin plant at Lima, OH, in the first quarter of 2015. The plant is the sole Ineos facility that produces...
http://www.chemweek.com/regions/north_america/Ineos-to-close-Barex-resin-plant-at-Lima-OH_64878.html
October 29, 2014
Honeywell says it has appointed Qamar Bhatia as president and general manager for Honeywell Specialty Products and Erin Kane as v.p. and general manager for Honeywell Resins and...
http://www.chemweek.com/regions/north_america/Honeywell-adds-specialty-products-and-resins-executives_64894.html
October 29, 2014
Nova Chemicals says that Naushad Jamani has been named senior v.p./olefins and feedstock, effective 1 January, 2015, replacing Grant Thomson, who will be retiring at the end of 2014...
http://www.chemweek.com/regions/north_america/canada/Nova-appoints-new-senior-v-p-olefins-and-feedstock_64877.html
October 29, 2014
Ube Industries says that it will establish a subsidiary at Mexico City that will focus on developing the market for Ube products, marketing, and materials' procurement. The new...
http://www.chemweek.com/regions/north_america/Ube-to-establish-subsidiary-in-Mexico_64876.html
October 29, 2014
Stolt-Nielsen plans to relocate its tankers' staff in Norwalk, CT to Houston. The move will consolidate the company's US-based staff in Houston, which is the port most frequently...
http://www.chemweek.com/regions/north_america/Stolt-Nielsen-to-relocate-tanker-staff-from-Norwalk-to-Houston_64887.html
October 28, 2014
Mississippi Phosphates Corp (Pascagoula, MS), a producer of diammonium phosphate fertilizer (DAP) has filed for Chapter 11 bankruptcy protection. Two affiliates—Ammonia Tank...
http://www.chemweek.com/regions/north_america/Mississippi-DAP-fertilizer-producer-files-for-bankruptcy_64872.html
October 28, 2014
Chemtura today reported that it swung to a third-quarter net profit of $15 million, compared with a net loss of $44 million in the year-ago quarter, on sales down 2% year-on-year...
http://www.chemweek.com/regions/north_america/Chemtura-misses-estimates-launches-cost-cutting-program_64873.html
October 28, 2014
Compass Minerals reports a jump in third-quarter results, with year-on-year (YOY) net earnings rising skyrocketing to $87.9 million from $15.4 million on sales up 30% YOY, to...
http://www.chemweek.com/regions/north_america/Compass-Minerals-results-jump-on-insurance-settlement_64853.html
October 28, 2014
Cabot announced today that it has entered into two separate contracts to provide activiated carbon products to energy utilities in Arkansas, Louisiana, Mississippi, Missouri, and...
http://www.chemweek.com/regions/north_america/Cabot-to-provide-activated-carbon-to-several-US-facilities_64852.html
October 28, 2014
Westlake has held a dedication ceremony to celebrate the expansion of the company's Calvert City, KY, vinyls complex. Westlake spent in excess of $300 million for the project. The...
http://www.chemweek.com/regions/north_america/Westlake-dedicates-ethylene-PVC-expansions-in-Kentucky_64847.html
October 28, 2014
Packaging products maker MeadWestvaco (MWV) today reported income from continuing operations up 72% year-on-year (YOY) to $105 million, or 60 cts/share, on sales up 7%, to $1.47...
http://www.chemweek.com/regions/north_america/MeadWestvaco-earnings-beat-estimates-specialty-chemicals-results-improve_64860.html
October 28, 2014
Mexichem (Tlalnepantla, Mexico) swung to profit, reporting net income of $52.8 million during the third quarter compared with a net loss of $62.8 million in the same period last...
http://www.chemweek.com/regions/north_america/Mexichem-swings-to-profit_64857.html
October 28, 2014
Green chemistry company GlyEco (Phoenix) says that it has signed a nonbinding memorandum of understanding (MOU) with catalysis and process technology firm Haldor Topsoe. The two...
http://www.chemweek.com/regions/north_america/us/GlyEco-and-Haldor-Topsoe-to-collaborate-in-developing-waste-glycol-recycling-facilities_64838.html
October 28, 2014
DuPont today reports a solid gain in third-quarter income as higher volumes and cost-cutting helped offset weaker prices and lower volumes in the ag sector. The company—currently...
http://www.chemweek.com/regions/north_america/DuPont-net-income-up-41-percent-stands-by-guidance-despite-sluggish-economy_64855.html
October 28, 2014
International Flavors & Fragrances (IFF), a leading global creator of flavors and fragrances for consumer products, says that its board of directors has appointed Andreas Fibig...
http://www.chemweek.com/regions/north_america/us/IFF-board-elects-CEO-as-chairman_64835.html
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