IHS Chemical Week

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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
October 20, 2014
Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....
http://www.chemweek.com/regions/north_america/Celanese-acquires-Cool-Polymers_64621.html
October 20, 2014
PPG says it has agreed to acquire Westmoreland Supply (Greensburg, PA), an owner of 12 paint stores in western Pennsylvania and West Virginia, for an undisclosed sum...
http://www.chemweek.com/regions/north_america/PPG-to-acquire-paint-distributor-Westmoreland-Supply_64611.html
October 20, 2014
The US Department of Commerce on 15 October released its proposed final resolution regarding antidumping duties and countervailing duties on Chinese refrigerant gases imported into the...
http://www.chemweek.com/regions/north_america/Commerce-Department-proposes-final-antidumping-duties-on-Chinese-refrigerant-gases_64608.html
October 20, 2014
Abengoa Bioenergy, an Abengoa (Madrid) subsidiary, has inaugurated a second-generation cellulosic ethanol plant at Hugoton, KS, about 90 miles southwest of Dodge City. Abengoa finished...
http://www.chemweek.com/regions/north_america/Abengoa-inaugurates-cellulosic-ethanol-plant-in-the-US_64607.html
October 20, 2014
Platform Specialty Products today reported preliminary third-quarter net income of about $11.4 million, down 21.4% year-on-year (YOY), on sales up about 4%, to about $196 million...
http://www.chemweek.com/regions/north_america/Platform-Specialty-Products-reports-fall-in-net-income_64609.html
October 20, 2014
Platform Specialty Products has agreed to acquire Arysta LifeScience, a maker of agrochemical and biological products, from private equity firm Permira for approximately $3.51 billion...
http://www.chemweek.com/regions/north_america/Platform-to-acquire-Arysta-for-$3-5-billion_64606.html
October 17, 2014
Nova Chemicals said today that it intends to sell $500 million of senior notes due 2025 in a private offering....
http://www.chemweek.com/regions/north_america/us/Nova-plans-$500-million-bond-offering_64594.html
October 17, 2014
Honeywell says that third-quarter performance materials and technologies segment profit was $444 million, up 8% year-on-year....
http://www.chemweek.com/regions/north_america/us/Honeywell-performance-materials-profit-up-8-percent_64579.html
October 17, 2014
Chemtura will increase capacity for its Naugalube alkylated diphenyl amine (ADPA) liquid antioxidants at three sites “to prevent predicted future shortages of antioxidants in the...
http://www.chemweek.com/regions/north_america/Chemtura-to-expand-ADPA-antioxidant-capacity-at-three-sites_64580.html
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