IHS Chemical Week

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October 23, 2014
IFF says it has elected Michael Ducker, president/international and COO of FedEx Express, a part of shipping company FedEx, (Memphis, TN) to its board of directors, effective...
http://www.chemweek.com/regions/north_america/IFF-elects-new-director_64718.html
October 23, 2014
Airgas reports a 6% year-over-year (YOY) increase in sales, to $1.36 billion for the quarter ended 30 September, with acquisitions, gas and rent, and hardgoods contributing to growth...
http://www.chemweek.com/regions/north_america/Airgas-reports-4-percent-earnings-growth_64716.html
October 23, 2014
PotashCorp today reported third quarter net income of $317 million, down 10% year-over-year (YOY). The company says that although potash and nitrogen performance improved YOY, higher...
http://www.chemweek.com/regions/north_america/PotashCorp-third-quarter-earnings-dip-on-lower-offshore-contributions_64715.html
October 23, 2014
SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich (St. Louis), reports a 2.4% increase in sales in the third quarter of 2014 compared with the...
http://www.chemweek.com/regions/north_america/us/SAFC-reports-rise-in-third-quarter-sales_64701.html
October 22, 2014
The sharp drop in crude oil prices has increased near-term volatility, but will not stop ethylene margins from marching toward a peak over the next two years, say Dow officials....
http://www.chemweek.com/regions/north_america/us/Lower-crude-prices-wont-cut-off-ethylene-margins-at-the-peak-Dow-says_64692.html
October 22, 2014
Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-beat-estimates-on-strong-catalysts-results_64691.html
October 22, 2014
A. Schulman today reported fiscal fourth-quarter net income of $15.2 million, compared with a net loss of $2.7 million in the year-ago quarter, on sales up 16.8% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/Schulman-earnings-beat-estimates-on-solid-sales-increases_64690.html
October 22, 2014
A. Schulman announced today that it is cutting 40 jobs in Europe, the Middle East, and Africa (EMEA), mostly in back office and support functions, as part of a restructuring to...
http://www.chemweek.com/regions/north_america/Schulman-to-cut-support-functions-in-EMEA-restructuring_64678.html
October 22, 2014
Eastman Chemical today said it has completed its expansion of non-phthalate plasticizers capacity at its Texas City, TX, manufacturing plant. The expansion will increase production...
http://www.chemweek.com/regions/north_america/Eastman-completes-plasticizers-capacity-expansion_63889.html
October 22, 2014
Stepan today reported fiscal third quarter net income down 34% year-on-year (YOY), to $13.5 million, on sales up 3%, to $491.4 million. Adjusted net income declined 16% YOY, to $15.6...
http://www.chemweek.com/regions/north_america/Stepan-falls-short-of-estimates-on-weak-surfactants-results_64677.html
October 22, 2014
Linde has begun rail construction at the air separation unit (ASU) it is building at La Porte, TX. The ASU, which separates air into oxygen, nitrogen and argon, is part of the $250...
http://www.chemweek.com/regions/north_america/Linde-begins-rail-construction-on-La-Porte-ASU_64676.html
October 22, 2014
W.R. Grace today reported third-quarter net income of $74.5 million, down 3% year-over-year (YOY) on higher corporate and other expenses. Reported adjusted earnings of $1.07/share were down 8.5% YOY but surpassed analyst estimates of 95 cts/share, according to Thomson Reuters (New York). Sales grew 11% YOY, to $856.4 million due to higher sales volumes, improved pricing, and favorable currency translation—with acquisitions contributing 4% to growth, the company says. Adjusted Ebit for the third quarter was $180.9 million, up 27% YOY....
http://www.chemweek.com/regions/north_america/Grace-reports-rise-in-sales-curbs-full-year-guidance_64675.html
October 22, 2014
Dow Chemical posted net income of $852 million, up 43% from the year-ago quarter, led by strong gains in performance materials, performance plastics, and electronic materials. Revenues were up 4.9%, to $14.4 billion. Reported adjusted earnings of 72 cts/share were up 44% YOY and 6.6% above the median analyst estimate as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Dow-Chemical-posts-43-percent-third-quarter-net-income-gain_64673.html
October 21, 2014
Saskatchewan Mining and Minerals Inc. (SMMI; Chaplin, SK) says it has almost completed installing a dedicated caustic soda and ammonium sulfate demonstration facility at the company's...
http://www.chemweek.com/regions/north_america/Saskatchewan-Mining-and-Minerals-nears-completion-of-caustic-soda-ammonium-sulfate-demonstration-plant_64655.html
October 21, 2014
PPG and Henan Billions Chemical (Jiaozuo, China) have opened a titanium dioxide (TiO2) manufacturing and research facility. The 366,000-sq meter facility is scheduled to begin...
http://www.chemweek.com/regions/north_america/PPG-Henan-Billions-Chemical-open-TiO2-manufacturing-plant-in-China_64643.html
October 21, 2014
Chemtura says that Simon Medley now leads the company’s Great Lakes Solutions business in addition to his current role as head of the industrial performance products segment. In...
http://www.chemweek.com/regions/north_america/us/Chemtura-appoints-head-of-Great-Lakes-Solutions-business_64627.html
October 21, 2014
The European Commission has issued a statement of objections to Honeywell and DuPont, citing its preliminary view that joint cooperation entered into 2010 concerning the production of refrigerant R-1234yf, also known as HFO-1234yf, used in automotive air-conditioning systems may have breached European Union (EU) antitrust rules....
http://www.chemweek.com/regions/north_america/us/European-Commission-investigates-DuPont-and-Honeywell-refrigerant-collaboration_64645.html
October 21, 2014
Shire (Dublin) says that its board has agreed with AbbVie (Chicago) to terminate their previously announced agreement for the acquisition of Shire. AbbVie announced in July that it...
http://www.chemweek.com/regions/north_america/us/AbbVie-and-Shire-terminate-$51-billion-deal_64632.html
October 20, 2014
Celanese (Dallas, TX) reports third-quarter income of $252 million, up 47% year over year (YOY) from $172 million. Net sales totaled $1.77 billion, unchanged YOY. Earnings per share (EPS) were $1.61 were up 10% YOY from $1.47....
http://www.chemweek.com/regions/north_america/Celanese-net-income-rises-47-percent_64625.html
October 20, 2014

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical.

...

http://www.chemweek.com/regions/north_america/BASF-Totals-propylene-unit-back-online-after-catalyst-change_64622.html
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