IHS Chemical Week

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April 19, 2013
Sherwin-Williams (SW) reports first-quarter gains on strong demand for architectural paint at its retail paint stores and reaffirmed its forecast for more than 20% profit annual...
http://www.chemweek.com/regions/north_america/Retail-business-lifts-Sherwin-Williams-first-quarter-profits_51281.html
April 18, 2013
Celanese posted first-quarter net income of $142 million, a decline of 26% due mainly to a significant favorable tax benefit in the year-ago quarter. Excluding charges, Celanese says that adjusted Ebit and earnings were significantly higher. Reported adjusted earnings were $1.14/share, up 44% from the year-ago period and well above the consensus estimate of 78 cts. Adjusted Ebit for the quarter totaled $269 million. Sales of $1.6 billion reflected a year-on-year (YOY) decrease of 1.7%....
http://www.chemweek.com/regions/north_america/Celanese-adjusted-earnings-up-44-percent-on-margin-expansion_51300.html
April 18, 2013
In an effort to win a proxy fight with investors FrontFour Capital and Quinpario Partners, Ferro has sent an additional letter to shareholders detailing what the company calls the...
http://www.chemweek.com/regions/north_america/Ferro-sends-additional-letter-to-shareholders-dissident-investors-respond_51285.html
April 18, 2013
Sensient Technologies (Milwaukee) reported a drop in net income and earnings per share due to restructuring costs—announced in February—as reported in their first quarter...
http://www.chemweek.com/regions/north_america/Sensient-earnings-fall-on-restructuring-charges-sales-reported-flat_51298.html
April 18, 2013
Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose...
http://www.chemweek.com/regions/north_america/Cytec-earnings-fall-short-of-estimates-guidance-cut-due-to-economic-risk_51297.html
April 18, 2013
PPG has reported first-quarter adjusted net income of $235 million, or $1.58/share, on sales that were flat, at $3.33 billion. Adjusted net income rose 8.8% from the year-ago quarter...
http://www.chemweek.com/regions/north_america/PPG-beats-estimates-on-steady-sales_51283.html
April 18, 2013
Shin-Etsu says it will enter the US market for solution vinyl resins, a component in the manufacturing of paints, coatings, inks, adhesives, and films. Shin-Etsu's Nissin Chemical...
http://www.chemweek.com/regions/north_america/us/Shin-Etsu-enters-US-solution-vinyl-resin-market_51277.html
April 18, 2013
AkzoNobel reports a 13% drop in first-quarter net income from continuing operations at €96 million ($125.2 million) on 7% lower revenues, of €3.47 billion, citing weak demand...
http://www.chemweek.com/regions/north_america/AkzoNobel-hit-in-first-quarter-by-weak-European-demand-sees-no-early-pickup_51267.html
April 18, 2013
Incitec Pivot Ltd. (IPL; Melbourne) has approved an $850-million investment for the construction of an 800,000-m.t./year ammonia manufacturing plant at Waggaman, LA, IPL announced...
http://www.chemweek.com/regions/north_america/Incitec-Pivot-approves-world-scale-ammonia-project-in-Louisiana_51246.html
April 18, 2013
Several people are feared dead and more than a hundred injured after a huge explosion and fire at a fertilizer plant at West, TX, say local press reports. The explosion occurred at...
http://www.chemweek.com/regions/north_america/us/Several-feared-dead-and-over-a-hundred-injured-following-explosion-at-fertilizer-plant-in-Texas_51263.html
April 17, 2013
Moderate economic growth in North America is supporting credit ratings at US and Canadian chemicals companies, according to credit ratings service Standard & Poor’s (S&P...
http://www.chemweek.com/regions/north_america/S-and-P-Chemicals-credit-quality-supported-by-economic-growth_51262.html
April 17, 2013
The American Chemistry Council (ACC) has urged the Office of Budget Management (OMB) to exercise its oversight role to ensure that the U.S. Consumer Product Safety Commission (CPSC) applies the peer-review process for its Chronic Hazard Advisory Panel (CHAP) report on phthalates following its de novo scientific review....
http://www.chemweek.com/regions/north_america/us/ACC-calls-for-peer-review-of-pending-phthalates-study_51261.html
April 17, 2013
Intrepid Potash announced today its preliminary production results for the first quarter 2013, ended 31 March, with potash production expected to reach between 215,000 and 225,000...
http://www.chemweek.com/regions/north_america/Intrepid-Potash-reports-preliminary-first-quarter-production-results_51259.html
April 17, 2013
NexSteppe (Malibu, CA), an energy crop firm backed by DuPont, says it has launched its first sorghum hybrid products in the United States and Brazil. The company says its Malibu sweet...
http://www.chemweek.com/regions/north_america/NexSteppe-launches-sorghum-hybrid_51242.html
April 17, 2013
Connecticut lawmakers are set to vote today on a bill requiring food packaging products containing bisphenol A (BPA) be labeled. Senate Bill 16, sponsored by State Senator Beth Bye...
http://www.chemweek.com/regions/north_america/Connecticut-lawmakers-vote-on-bill-requiring-BPA-labels-on-food-packaging_51245.html
April 17, 2013
Inter Pipeline Fund (IPF; Calgary, AB) has entered into a binding agreement with Nova Chemicals covering the long-term sale of ethane produced at IPF's Cochrane, AB, extraction plant...
http://www.chemweek.com/regions/north_america/IPF-to-continue-supplying-ethane-to-Novas-Joffre-site-until-the-end-of-2024_51226.html
April 17, 2013
MBAC Fertilizer (Toronto) has completed a C$51.7-million ($50.5 million) private placement of shares. A total of 23.48 million shares were issued and sold at C$2.20/share. The shares...
http://www.chemweek.com/regions/north_america/Canadas-MBAC-Fertilizer-completes-C$51-7-million-private-placement-for-Brazil-phosphate-project_51223.html
April 17, 2013
BASF and Promega (Madison, WI), a provider of solutions and technical support to the life sciences industry, have jointly developed an alternative method to animal studies that can...
http://www.chemweek.com/regions/north_america/us/Promega-and-BASF-develop-alternative-method-to-identify-allergenic-substances_51229.html
April 16, 2013
Cobalt Technologies (Mountain View, CA), a developer of biobased chemicals, says it has completed production of over 100,000 liters of n-butanol at fermentation scale. This surpasses...
http://www.chemweek.com/regions/north_america/Cobalt-completes-successful-butanol-production-run_51208.html
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