IHS Chemical Week

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May 1, 2015
Wayne Smith. BASF says that Wayne Smith is the new chairman and CEO its North American subsidiary, effective 1 May. He succeeds Hans Engel, who as CFO for BASF, will relocate to the...
http://www.chemweek.com/regions/north_america/us/BASF-appoints-CEONorth-America_70014.html
May 1, 2015
Boulevard Acquisition (New York), a public investment vehicle formed by Avenue Capital, announced today that it has reached a deal to acquire Dow' Chemical's AgroFresh business, a...
http://www.chemweek.com/regions/north_america/Dow-agrees-to-sell-AgroFresh-to-investment-firm-for-$879-million_69975.html
May 1, 2015
Whitmore Manufacturing Company (Rockwall, TX), a subsidiary of investment firm Capital Southwest (Dallas), says it has acquired Strathmore Products (Syracuse, NY) for an undisclosed...
http://www.chemweek.com/regions/north_america/Capital-Southwests-Whitmore-acquires-industrial-coatings-maker_70026.html
May 1, 2015
With the addition of Harwick Standard Distribution (Akron, OH), Lanxess says that its US-based subsidiary Lanxess Corp. (Pittsburgh, PA) has expanded its distribution network for its...
http://www.chemweek.com/regions/north_america/us/Lanxess-signs-distribution-deal-with-Harwick-Standard-for-high-performance-elastomers_70010.html
May 1, 2015
International Flavors & Fragrances (IFF) today completed the acquisition of Ottens Flavors (Philadelphia), a maker of flavors technologies, for an undisclosed sum. The deal was...
http://www.chemweek.com/regions/north_america/IFF-completes-Ottens-Flavors-acquisition_70025.html
May 1, 2015
KMG Chemicals said today it has completed the acquisition of Valves Incorporate of Texas (Val-Tex; Houston), which was announced in early April, for $23.7 million in cash plus 606,875...
http://www.chemweek.com/regions/north_america/KMG-completes-Val-Tex-acquisition_70024.html
May 1, 2015
PolyOne reports first quarter net income of $70.1 million, up 24% year-over-year (YOY) from $56.4 million on double-digit increases in color and engineered materials. Sales totaled $873 million, down 13% YOY. Adjusted earnings of 46 cts/share were up 5% YOY....
http://www.chemweek.com/regions/north_america/us/PolyOne-net-income-up-sales-down-on-destocking_70007.html
April 30, 2015
Huntsman reports first-quarter net income of $5 million, down 91% year-over-year (YOY). Revenues fell 6% YOY to $2.6 billion. Adjusted earnings increased 21% YOY to 40 cts/share, beating the analysts’ consensus estimate of 28 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Huntsman-net-income-down-but-beats-consensus_70009.html
April 30, 2015
The May US benzene contract settled on Thursday at an increase for May over the April settlement, in line with market expectations. The May contract, which represented the third...
http://www.chemweek.com/regions/north_america/US-benzene-contract-moves-up-third-straight-month_70002.html
April 30, 2015
Earnings from acquired businesses and lower raw material costs helped Eastman Chemical offset lower earnings in its fibers business, an unfavorable shift in foreign currency exchange...
http://www.chemweek.com/regions/north_america/Eastman-beats-estimates-acquisitions-lift-sales_70008.html
April 30, 2015
Methanex reports first-quarter net income of $9 million, down 94% year-over-year (YOY) from $145 million. Sales totaled $577 million, down 40% YOY from $968 million. Adjusted earnings of 23 cts/share fell short of the analysts’ consensus estimate of 40 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/canada/Methanex-earnings-down-on-pricing-and-volume-miss-estimates_69998.html
April 30, 2015
CP Kelco (Atlanta, GA) has received approval from the board to build a new, world-scale processing plant in Latin America for dry citrus peel. Citrus peel is the core raw material used...
http://www.chemweek.com/regions/north_america/CP-Kelco-to-build-dry-citrus-processing-in-Latin-America_69989.html
April 30, 2015
DuPont and textile company Kolon Industries (Gyeonggi-Do, South Korea) today reached an agreement settling a legal dispute over Kolon’s alleged infringement of DuPont’s...
http://www.chemweek.com/regions/north_america/DuPont-Kolon-settle-Kevlar-trade-secrets-case_70001.html
April 30, 2015
Air Products reports net income of $290 million for the quarter ended 31 March, up 2% year-on-year (YOY). Earnings gains in the Americas, Asia, and performance material offset the impact of weaker European results and negative currency impacts. Sales of $2.4 billion were down 6% YOY. The company says reported adjusted earnings were $1.55/share, up 17% YOY and line with analyst estimates....
http://www.chemweek.com/regions/north_america/us/Air-Products-net-income-up-2-percent-as-stronger-materials-and-Asia-results-offset-currency-impact_69976.html
April 30, 2015
Westlake Chemical Partners (Westlake Partners; Houston) has acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135...
http://www.chemweek.com/regions/north_america/Westlake-Partners-increases-interest-in-cracker-pipeline-affiliate-establishes-credit-facility_69970.html
April 30, 2015
Quaker Chemical has announced net sales of $181.3 million in first-quarter 2015 compared with $181.7 million in first-quarter 2014. Year-on-year (YOY) volume growth, including...
http://www.chemweek.com/regions/north_america/Quaker-Chemical-volumes-grow-but-sales-Ebitda-fall-on-foreign-currency-effects_69966.html
April 30, 2015
Trecora Resources (Sugar Land, TX) has announced revenue of $55.1 million in first-quarter 2015, compared with $64.1 million in the year-ago quarter, a decrease of 14% year-on-year...
http://www.chemweek.com/regions/north_america/Trecora-Resources-reports-improved-profitability-on-lower-sales-in-first-quarter_69974.html
April 30, 2015
OM Group has reported a first-quarter net loss of $11.0 million, or 36 cts/share compared with a profit of $5.2 million in the year-ago quarter. Sales declined 5.3% year-on-year (YOY)...
http://www.chemweek.com/regions/north_america/OM-Group-swings-to-loss-on-restructuring-charges_69988.html
April 30, 2015
CO2 Solutions (Quebec City) has presented the results of pilot testing of its carbon capture process, completed in January 2015. The company says that the detailed results presented...
http://www.chemweek.com/regions/north_america/CO2-Solutions-presents-results-of-carbon-dioxide-capture-testing-beats-DOE-cost-target-10-years-ahead-of-schedule_69987.html
April 30, 2015
Phillips 66 reports that its chemicals segment, a 50% equity investment in Chevron Phillips Chemical (CPChem; The Woodlands, TX), turned in first-quarter earnings of $203 million, down 36% year-over-year (YOY) from $316 million. The company also described progress on capital projects....
http://www.chemweek.com/regions/north_america/us/CPChem-earnings-down-36-percent-YOY_69984.html
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