IHS Chemical Week

Archives :: Regions :: North America

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February 21, 2014
Minerals Technologies (MTI) today launched a $42/share unsolicited bid for minerals firm Amcol International (Hoffman Estates, IL), setting in motion a possible bidding war with...
http://www.chemweek.com/regions/north_america/Minerals-Technologies-launches-bid-for-Amcol-updated_58830.html
February 21, 2014
Ashland announced today it has agreed to sell its water treatment business to private equity firm Clayton, Dubilier & Rice (CD&R; New York) for $1.8 billion, ending a...
http://www.chemweek.com/regions/north_america/Ashland-to-sell-water-treatment-to-private-equity-for-$1-8-billion_58874.html
February 21, 2014
Agrium announced weaker results for the fourth quarter due to lower prices across all segments and a nitrogen volume reduction, the company says. Net earnings were $99 million, down...
http://www.chemweek.com/regions/north_america/Agrium-results-down-on-lower-prices-retail-segment-up_59027.html
February 21, 2014
Sensient Technologies today released a letter to shareholders criticizing the motives of activist hedge fund FrontFour Capital (New York), which proposed a slate of directors to...
http://www.chemweek.com/regions/north_america/Sensient-letter-blasts-activist-hedge-fund_59029.html
February 21, 2014
Ecolab today reported net income up 24% year-on-year (YOY), to $287.1 million, or 93 cts/share, on sales up 17%, to $3.56 billion. Excluding special charges, adjusted net income...
http://www.chemweek.com/regions/north_america/Ecolab-earnings-slightly-miss-estimates-sales-rise_59028.html
February 21, 2014
Eastman Chemical announced Thursday that its board has approved the repurchase of up to an additional $1 billion of Eastman common stock.  “These actions reflect the...
http://www.chemweek.com/regions/north_america/Eastman-board-approves-$1-billion-share-repurchase_58981.html
February 20, 2014
Chemicals sector rail traffic in North America fell 4.1% year-on-year (YOY) during the week ended 15 February, to 41,369 cars, according to the Association of American Railroads (AAR...
http://www.chemweek.com/regions/north_america/Chemicals-sector-rail-traffic-declines-4-1-percent_58980.html
February 20, 2014
Sulvaris (Calgary, AB) says it has received final regulatory approval from Alberta Environment and Sustainable Resource Development (AESRD) for its sulfur fertilizer plant in central...
http://www.chemweek.com/regions/north_america/Sulfur-fertilizer-company-Sulvaris-to-build-Alberta-production-facility_58944.html
February 20, 2014

Williams Partners has postponed the restart of its Geismar, LA, olefins plant to June, according to the company’s fourth-quarter earnings release. The steam cracker had been expected to go online in April. The extended outage will keep ethylene tight in Louisiana, but the return to service of Chevron’s Evangeline pipeline early in the second quarter will increase supply from Texas.

...

http://www.chemweek.com/regions/north_america/Williamss-Geismar-cracker-to-remain-offline-until-June_58949.html
February 20, 2014

Westlake Chemical reports fourth-quarter net income of $171 million, up 80% year-over-year (YOY), and sales of $952 million, up 19% YOY. Westlake attributes the gains primarily to higher sales prices for polyethylene, styrene and polyvinyl chloride resin and higher sales volumes. Earnings of $2.54/share beat the analysts’ consensus estimate of $2.13.

...

http://www.chemweek.com/regions/north_america/Westlake-fourth-quarter-earnings-climb-to-$171-million-on-higher-prices-and-volumes_58948.html
February 20, 2014
Axiall reported fourth-quarter net income of $57 million, up 78% year-over-year (YOY). Net sales of $1.1 billion for the quarter were up 44% YOY. The company attributes the gains primarily to the merger with PPG’s chemical’s business. Adjusted earnings of 88 cts/share beat the analysts’ consensus estimate of 67 cts/share....
http://www.chemweek.com/regions/north_america/Axiall-fourth-quarter-net-income-up-78-percent-to-$57-million_58947.html
February 20, 2014
The US Food and Drug Administration (FDA) and the European Medicines Agency (EMA; London) have set-up a new 'cluster' on pharmacovigilance or medicine safety. Clusters are regular...
http://www.chemweek.com/regions/north_america/us/FDA-and-European-Medicines-Agency-strengthen-collaboration-in-pharmacovigilance_58936.html
February 19, 2014
Hedge fund FrontFour Capital (New York) said today that it would nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle....
http://www.chemweek.com/regions/north_america/Hedge-fund-says-it-will-seek-four-seats-on-Sensient-board-updated_58903.html
February 19, 2014
CF Industries’ CFO Dennis Kelleher said in the company’s fourth-quarter earnings call that early indications suggest that placement of existing assets in a master limited...
http://www.chemweek.com/regions/north_america/CF-Industries-dissuaded-on-MLP-talks-CFO-says_58929.html
February 19, 2014
BioAmber (Minneapolis), a renewable chemicals firm, announced today it has secured a CAD$10 million (US$9.0 million) interest-free loan from  Agriculture Canada for BioAmber's...
http://www.chemweek.com/regions/north_america/BioAmber-secures-$10-million-loan-for-Sarnia-plant_58930.html
February 19, 2014
Westlake Chemical (Houston) held a dedication ceremony for its new Geismar, LA, chlor-alkali plant on 19 February....
http://www.chemweek.com/regions/north_america/Westlake-dedicates-Geismar-chlor-alkali-facility_58926.html
February 19, 2014
Ningbo Fortune Petrochemical (Ningbo, China) has selected UOP's C3 Oleflex process technology to convert propane to propylene via propane dehydrogenation. Ningbo Fortune will employ the technology in a 600,000-m.t./year propylene plant that is expected to start up in 2016....
http://www.chemweek.com/regions/north_america/Ningbo-Fortune-licenses-UOPs-Oleflex-propylene-technology_58902.html
February 19, 2014
ACC has released its monthly US Chemical Production Regional Index, indicating a 0.3% rise in January, following a 0.6% gain in December 2013. ACC says production continued to move...
http://www.chemweek.com/regions/north_america/ACC-US-chemical-production-edges-up-in-January_58901.html
February 19, 2014
Calgon Carbon today reported stronger earnings for the fourth quarter, though sales were down on weaker demand. Net income of $11 million was up 20% year-on-year, with earnings per...
http://www.chemweek.com/regions/north_america/Calgon-Carbon-earnings-up-sales-fall-on-weaker-demand_58900.html
February 19, 2014
K+S says it has made further progress with the construction of a new potash plant in Canada, the Legacy project. The first cavern for extracting potash brine solution was recently...
http://www.chemweek.com/regions/north_america/K+S-makes-progress-with-Legacy-potash-project-in-Canada_58897.html
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