IHS Chemical Week

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April 30, 2014
Kraton Performance Polymers (Houston) reports a first-quarter 2014 net loss of $7.9 million versus a loss of $3.7 million in the year-ago period. Sales totaled $312 million, down 8% year-on-year. Adjusted earnings of 46 cts/share came in 40% above the analysts’ consensus estimate of 33 cts/share....
http://www.chemweek.com/regions/north_america/Kraton-adjusted-earnings-beat-estimates-by-40-percent_60696.html
April 30, 2014
Praxair announced today that it is raising the price of argon in the United States and Puerto Rico, effective 15 May. Prices will go up as much as 20% for argon and 15% for argon...
http://www.chemweek.com/regions/north_america/Praxair-raises-argon-prices_60694.html
April 30, 2014
Mexichem (Tlalnepantla, Mexico) reports net income of $49 million in the first quarter, up 16% year-on-year (YOY) primarily because of last year’s $7.8-million loss...
http://www.chemweek.com/regions/north_america/Mexichems-net-income-up-16-percent-confirms-outlook_60691.html
April 30, 2014
Northwest Innovation Works (NWIW) is preparing to lease a site at the Port of Tacoma, WA, for construction of a third world-scale methanol plant in the region, according to local press reports....
http://www.chemweek.com/regions/north_america/Reports-Chinese-firm-plans-third-world-scale-methanol-plant-for-Pacific-Northwest_60678.html
April 29, 2014
Lubricants maker Quaker Chemical today reported first-quarter net income down tk% year-on-year (YOY), to $12.7 million, or 96 cts/share, on sales up 3%, to $181.7 million. Net income...
http://www.chemweek.com/regions/north_america/Quaker-Chemical-earnings-fall-on-tax-impact_60679.html
April 29, 2014
Lion Copolymer (Geismar, LA) has completed an engineering study for the addition of an ethylene propylene diene monomer production line at its facility at Geismar. The company says it is also considering how to strengthen its raw materials position, including shared investment in a new ethane cracker....
http://www.chemweek.com/regions/north_america/Lion-Copolymer-plans-US-EPDM-expansion-considers-share-of-ethane-cracker_60677.html
April 29, 2014
Dow Corning’s first-quarter results improved markedly as stronger silicones volumes and long-term polysilicon contracts helped the Dow Chemical–Corning joint venture...
http://www.chemweek.com/regions/north_america/Dow-Corning-posts-higher-profits-and-sales_60666.html
April 29, 2014
SunEdison, formerly MEMC electronic materials, announced today that it has closed construction financing, underwritten by Deutsche Bank (New York), for its solar power project in Kern...
http://www.chemweek.com/regions/north_america/SunEdison-closes-on-financing-for-California-solar-project_60668.html
April 29, 2014
Stepan today reported first-quarter earnings down 32% year-on-year, to $13 million, on sales up 5%, to $477 million. Excluding deferred compensation, adjusted earnings totaled $12.8...
http://www.chemweek.com/regions/north_america/Stepan-earnings-hit-hard-by-winter-weather_60665.html
April 29, 2014
Westlake Chemical has announced plans to carve out its ethylene assets and place them into a separately traded limited partnership....
http://www.chemweek.com/regions/north_america/us/Westlake-to-place-ethylene-assets-in-limited-partnership_60664.html
April 29, 2014
LyondellBasell reports first-quarter net income of $944 million, up 5% year-on-year on gains in Europe and Asia. Sales increased 4.4% YOY to $11.1 billion. Earnings of $1.72/share beat the consensus estimate of $1.71/share by a nose....
http://www.chemweek.com/regions/north_america/LyondellBasell-net-income-up-5-percent-YOY-short-of-analyst-consensus_60663.html
April 29, 2014
Huntsman swung to profit and beat Wall Street estimates as restructuring in its advanced materials and textile effects businesses and Ebitda gains in four out of five segments boosted...
http://www.chemweek.com/regions/north_america/Huntsman-swings-to-profit_60661.html
April 28, 2014
Compass Minerals today reported net earnings up 8% year-on-year (YOY), to $50.2 million, or $1.49/share, on sales up 10%, to $422 million. Earnings beat analysts’ consensus...
http://www.chemweek.com/regions/north_america/Compass-Minerals-sales-earnings-rise-on-strong-demand-for-salt-and-fertilizer_60647.html
April 28, 2014
Williams (Tulsa, OK) and Boardwalk Pipeline Partners (Houston) have suspended capital investments in the proposed Bluegrass Pipeline and Moss Lake liquefied petroleum gas terminal projects, mainly owing to insufficient customer commitments....
http://www.chemweek.com/regions/north_america/Williams-Boardwalk-suspend-capital-investments-in-Bluegrass-Pipeline-Moss-Lake-LPG_60636.html
April 28, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. CAB up 0.5%; up 3.2% Y/Y Existing Home Sales down...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-25-April-2014_60637.html
April 28, 2014
Ecolab today reported net income up 20% year-on-year (YOY), to $191 million, on sales up 16%, to $3.34 billion. Adjusted earnings, excluding restructuring and other charges, rose 23%...
http://www.chemweek.com/regions/north_america/Ecolab-earnings-match-estimates-on-strong-sales_60633.html
April 28, 2014
Evonik says it is investing in the technology start-up Algal Scientific (Northville, MI). Evonik is part of an investors’ consortium that is investing more than $3 million in a...
http://www.chemweek.com/regions/north_america/us/Evonik-invests-in-US-biotech-firm-Algal-Scientific_60626.html
April 25, 2014
ACC today released a set of chemical hazard and risk-assessment principles designed to provide “obtainable, high-level benchmarks” for fixing federal programs so they...
http://www.chemweek.com/regions/north_america/ACC-announces-new-principles-to-guide-chemical-assessments_60610.html
April 25, 2014
Minerals Technologies (MTI) has reported first-quarter earnings totaling $15.6 million, or 45 cts/share, down 17% year-on-year (YOY), due mostly to costs related to the acquisition of...
http://www.chemweek.com/regions/north_america/Minerals-Technologies-earnings-fall-on-Amcol-acquisition-costs_60609.html
April 25, 2014
Cambrex (East Rutherford, NJ) says that the board of directors has elected Shlomo Yanai as its new nonexecutive chairman of the board, effective immediately, following the retirement...
http://www.chemweek.com/regions/north_america/us/Cambrex-board-elects-nonexecutive-chairman_60593.html
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