IHS Chemical Week

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July 28, 2014

Arkema has started up a new, 45,000-m.t./year methyl acrylate plant at at its site at Clear Lake, TX. The new plant is the last piece of a $110-million project to beef up the company’s US acrylics business.

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http://www.chemweek.com/regions/north_america/Arkema-completes-$110-million-acrylics-project-with-Clear-Lake-methyl-acrylate-plant_62748.html
July 28, 2014
RPM today reported fiscal fourth-quarter net income up 66.4% year-on-year (YOY), to $108.8 million, on sales up 9.1%, to $1.28 billion. On an adjusted basis—excluding some...
http://www.chemweek.com/regions/north_america/RPM-earnings-rise-subsidiary-agrees-to-settle-asbestos-claims_62746.html
July 28, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 16 out of 20 this week. Thus, we continue to post a green banner. Chemical Activity Barometer (CAB) up 0.4%; up 4.4% Y/Y...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-25-July-2014_62747.html
July 28, 2014
Compass Minerals today reported its second-quarter results, posting a loss of $700,000 in earnings, down from a $10.6-million gain year-on-year (YOY). An earnings per share loss of 2...
http://www.chemweek.com/regions/north_america/Compass-Minerals-reports-loss-on-weak-salt_62744.html
July 28, 2014
Eastman Chemical says it has entered into a definitive agreement to acquire Knowlton Technologies (Watertown, NY), which is a leader in the design, accelerated prototyping, and...
http://www.chemweek.com/regions/north_america/us/Eastman-to-acquire-Knowlton-Technologies_62734.html
July 25, 2014
Dow Chemical's second-quarter results beat estimates as margins improved in its performance plastics segment and sales increased across all of the company's business segments. Dow...
http://www.chemweek.com/regions/north_america/Dow-beats-estimates_62660.html
July 25, 2014
LyondellBasell Industries reports record earnings for the second quarter of $2.22/share, well above the analysts’ consensus estimate of $1.92/share as reported by Thomson Reuters (New York). Gains were broadly distributed across the business....
http://www.chemweek.com/regions/north_america/LyondellBasell-reports-record-quarter-as-net-income-increases-27-percent_62721.html
July 25, 2014
Sensient Technologies (Milwaukee) says that net income for the quarter fell 10% year-on-year (YOY) because of $13 million in restructuring costs. The company says that adjusted operating income increased by 11%, to$61.2 million. Sales were down 1% YOY, to $374.7 million. Reported adjusted earnings 81 cts/share rose 10% YOY and were above analyst estimates of 79 cts/share, according to Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/Sensient-earnings-drop-on-restructuring-charges_62719.html
July 25, 2014
Mexichem has reported a 52% decrease in second-quarter net earnings, $50 million, hurt by foreign exchange and higher amortization following acquisitions. Net income from continuing...
http://www.chemweek.com/regions/north_america/Mexichem-reports-lower-earnings-to-benefit-from-antidumping-ruling-against-Chinese-refrigerant-gas-producers_62716.html
July 25, 2014
SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich, reports a 2.4% increase in sales in the second quarter of 2014 compared with the year-ago...
http://www.chemweek.com/regions/north_america/us/SAFC-reports-rise-in-second-quarter-sales_62713.html
July 25, 2014
Olin (Clayton, MO) reports a 16% year-over-year (YOY) decline in second-quarter income, the result of weak results in the chlor-alkali segment. Sales declined across the board. However, earnings of 46 cts/share beat the analysts’ consensus estimate of 45 cts/share, as reported by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/Olin-earnings-down-on-weak-chlor-alkali_62710.html
July 24, 2014
A rally in Dow Chemical’s share price, helped by yesterday’s strong second-quarter earnings report, has put the company in a position to convert $4 billion in preferred...
http://www.chemweek.com/regions/north_america/us/Dow-share-gains-could-allow-it-to-retire-expensive-preferred-shares_62701.html
July 24, 2014
3M (St. Paul, MN) reports second-quarter net sales of $8.1 billion, up 5% year-on-year (YOY) on strong organic growth across all segments. Net income increased 6% YOY, to $1.3 billion. Earnings per share of $1.91 equal the analysts’ consensus estimate as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/3M-second-quarter-net-income-up-6-percent-YOY-on-broad-organic-growth_62696.html
July 24, 2014
Airgas today reported fiscal first-quarter 2015 net earnings of $88.9 million, up 5% year-on-year (YOY), on sales up 3% YOY, to $1.3 billion. Sales growth can be attributed to...
http://www.chemweek.com/regions/north_america/Airgas-earnings-up-5-percent_62695.html
July 24, 2014
Haldor Topsoe announced earlier this month that it had recently opened a new plant at its site at Bayport, TX, to produce Topsoe's VK portfolio of extruded catalysts that are...
http://www.chemweek.com/regions/north_america/us/Haldor-Topsoe-opens-sulfuric-acid-catalyst-production-plant-in-Texas_62694.html
July 24, 2014
PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472...
http://www.chemweek.com/regions/north_america/PotashCorp-earnings-down-YOY-but-above-guidance_62697.html
July 24, 2014
Linde announced today that it has signed a contract to supply liquid oxygen, nitrogen and argon to Conroe Welding Supply (Conroe, TX)—an independent distributor that serves the...
http://www.chemweek.com/regions/north_america/Linde-to-supply-gases-to-Texas-welding-distributor_62698.html
July 24, 2014
Stora Enso (Helsinki) has acquired 100% of the shares of the Virdia (Danville, VA), a developer of extraction and separation technologies for converting cellulosic biomass into highly...
http://www.chemweek.com/regions/north_america/Stora-Enso-acquires-North-American-biotechnology-company_62693.html
July 24, 2014
ENI (Rome) announced today that its chemicals production subsidiary Versalis (Milan) has signed a cooperation agreement with CB&I under which CB&I will market and provide...
http://www.chemweek.com/regions/north_america/CB-and-I-to-market-Versaliss-LDPE-and-EVA-technologies-in-North-America_62692.html
July 23, 2014
Air Products chairman and CEO Seifi Ghasemi, who took the helm of the company on 1 July, says that a focus cash generation and improved capital allocation will drive company strategy....
http://www.chemweek.com/regions/north_america/us/New-Air-Products-CEO-says-emphasis-on-cash-and-capital-allocation-to-guide-strategy_62682.html
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