IHS Chemical Week

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July 29, 2015
Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reports second-quarter net income increased 3.7% year-on-year (YOY), to $113 million, on sales down 5.3% YOY, to...
http://www.chemweek.com/regions/north_america/Silicones-lift-Dow-Corning-profits_72519.html
July 29, 2015
Solvay says that it has signed a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $75.25/share in cash, or a total of $5.5 billion. The transaction price per...
http://www.chemweek.com/regions/north_america/us/Solvay-to-acquire-Cytec-for-$6-4-billion_72499.html
July 29, 2015
Westlake Chemical Partners (WLKP; Houston ) filed comments on 28 July with the IRS arguing against proposed regulations that would not allow master limited partnerships (MLPs) based on the steam cracking of natural gas liquids....
http://www.chemweek.com/regions/north_america/Westlake-Chemical-Partners-files-comments-with-IRS-on-proposed-MLP-regulations_72496.html
July 29, 2015
Total is looking for a partner to take a 50% stake in the company's Port Arthur, TX, refinery, according to Reuters. The Reuters report cites “a source familiar with the matter." Downstream petrochemical assets at Port Arthur would not form part of the deal, says the report....
http://www.chemweek.com/regions/north_america/Report-Total-seeks-50-percent-partner-in-Port-Arthur-refinery_72495.html
July 28, 2015
A tight market may prompt US purified terephthalic acid (PTA) consumers to look at Asia as an alternative for para-xylene (PX), according to IHS Chemical. Discussions have emerged this...
http://www.chemweek.com/regions/north_america/Asia-p-xylene-market-emerges-as-likely-candidate-for-alternative-to-US-consumers_72295.html
July 28, 2015
SGL Group (Wiesbaden, Germany) on Monday concluded an agreement with Toronto-listed Avcorp Industries to sell its subsidiary Hitco Carbon Composites USA. Hitco Carbon Composites...
http://www.chemweek.com/regions/north_america/SGL-sells-Hitco-Carbon-Composites-business-to-Avcorp-Industries_72301.html
July 28, 2015
LyondellBasell reports net income from continuing operations of $1.3 billion, up 7.8% year-over-year (YOY) as higher volumes and lower feedstock costs more than offset declines in product prices. Sales totaled $9.1 billion, up 11.7% YOY....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-income-up-beats-analyst-consensus_72480.html
July 28, 2015
Ecolab Tuesday reported second-quarter net income down 3% year-on-year (YOY), to $302.0 million, on sales down 5%, to $3.39 billion. Adjusted earnings totaled $1.08/share, up 5% YOY...
http://www.chemweek.com/regions/north_america/Ecolab-earnings-match-estimates-but-fall-on-currency-impacts-energy-weakness_72479.html
July 28, 2015
The recent decline in benzene spot prices in the United States suggests that the August benzene contract will likely settle lower at the end of this week. The expected decline comes...
http://www.chemweek.com/regions/north_america/US-August-benzene-contract-expected-lower_72494.html
July 28, 2015
DuPont’s second-quarter results fell sharply on negative currency impacts, continued weakness in performance chemicals—a business it spun out to shareholders on 1...
http://www.chemweek.com/regions/north_america/DuPont-cuts-outlook-on-ag-slowdown_72478.html
July 28, 2015
A Monsanto spokeswoman has confirmed to Reuters that the $2-billion breakup fee offered to Syngenta if antitrust regulators blocks US firm’s proposed...
http://www.chemweek.com/regions/north_america/Monsanto-$2-billion-breakup-fee-payable-if-Syngenta-deal-blocked-on-any-antitrust-grounds_72472.html
July 28, 2015
Airgas today reported fiscal 2016 first-quarter earnings that declined 1% year-on-year (YOY), to $88.2 million, on sales up 3%, to $1.35 billion. Earnings totaled $1.16/share, down 2%...
http://www.chemweek.com/regions/north_america/Airgas-narrowly-beats-estimates-narrows-guidance_72481.html
July 28, 2015
Haltermann Carless Solutions (HCS; Frankfurt) said on Tuesday that it has acquired Shu-Chem Holdings (Manvel, TX), a family-owned company. The acquisition aims to grow...
http://www.chemweek.com/regions/north_america/HCS-Group-acquires-US-producer-Shu-Chem_72469.html
July 28, 2015
Yara  International (Oslo) and BASF broke ground Monday on a previously announced world-scale ammonia plant at the BASF site in Freeport, TX. As part of the project, Yara will...
http://www.chemweek.com/regions/north_america/BASF-Yara-break-ground-on-world-scale-ammonia-plant-in-TX-BASF-to-use-ammonia-to-produce-caprolactam_72448.html
July 27, 2015
Advanced materials demand, recent acquisitions, and lower raw material and energy costs lifted Eastman Chemical’s second-quarter results nearly 10% above street expectations and...
http://www.chemweek.com/regions/north_america/Eastman-Chemical-beats-estimates-on-strong-advanced-materials-results_72463.html
July 27, 2015
US aromatics prices are on the decline late in late July, following the direction of NYMEX energy futures. Last week, NYMEX Rbob ended on Friday at $182.82 per gallon its lowest level...
http://www.chemweek.com/regions/north_america/US-toluene-and-xylene-markets-following-NYMEX-energy-futures-lower_72461.html
July 27, 2015
The national average price for regular unleaded gasoline has dropped for 12 days in a row, the longest consecutive decline since January, according to US automobile organization AAA on...
http://www.chemweek.com/regions/north_america/US-retail-gasoline-prices-see-longest-drop-since-January_72462.html
July 27, 2015
PolyOne reports net income for the second quarter of $66.8 million, up 116% year-on-year (YOY) from $30.9 million on strong results in the color, additives, and inks business and the specialty engineered materials business. Sales totaled $887.1 million, down 12% YOY. Adjusted earnings were a record high of 57 cts/share, up 12% YOY....
http://www.chemweek.com/regions/north_america/us/PolyOne-income-doubles-YOY-to-$66-8-million_72449.html
July 27, 2015
RPM Monday reported fiscal fourth-quarter net income up 18% year-on-year (YOY), to $128.0 million, on sales up 7.5%, to $1.37 billion. Earnings totaled 94 cts/share, beating...
http://www.chemweek.com/regions/north_america/RPM-earnings-beat-estimates-on-higher-sales_72450.html
July 27, 2015
Jiaxing Petrochemical (Jiaxing City, China) says it has licensed Invista’s P8 process technology for a second purified terephthalic acid (PTA) line at its facility in Jiaxing City....
http://www.chemweek.com/regions/north_america/us/Jiaxing-Petrochemical-licenses-Invista-P8-for-second-PTA-line_72430.html
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