IHS Chemical Week

Archives :: Regions :: North America

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January 30, 2014
Agrochemical firm Nufarm (Melbourne) and Sumitomo Chemical say that their respective Nufarm Americas (Alsip, IL) and Valent USA (Walnut Creek, CA) wholly owned subsidiaries have...
http://www.chemweek.com/regions/north_america/us/Nufarm-to-distribute-Sumitomo-Chemical-subsidiarys-products-in-US_58405.html
January 30, 2014
Methanex (Vancouver) reports net income for the fourth quarter of $128 million, up from a loss of $140 million. Earnings per share of $1.72 easily beating the analysts’ consensus estimate of $1.57. Sales increased 32% year-on-year (YOY), to $881 million, on increased volumes and higher selling prices. Adjusted net income for the quarter totaled $167 million, up 42% over the third quarter and 174% YOY. Sales volumes increased 6.5% over the third quarter and 12% YOY, to 2.13 million m.t.
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http://www.chemweek.com/regions/north_america/Methanex-swings-to-profit-on-high-volumes-increased-prices_58424.html
January 30, 2014
Cabot reports net income for the fiscal first quarter of $80 million, up 300% year-on-year (YOY) on double-digit volume growth in reinforcement materials and performance materials. Adjusted earnings increased 30% YOY, to $0.86/share, well above the analysts’ consensus estimate of $0.71/share compiled by Thomson Reuters. Net sales increased 8.5% YOY, to $899 million....
http://www.chemweek.com/regions/north_america/Cabot-easily-beats-earnings-estimates-on-volume-growth_58427.html
January 30, 2014
ExxonMobil reports fourth-quarter earnings of $910 million for the chemical segment, down $48 million year-on-year on weaker margins, mainly in specialties....
http://www.chemweek.com/regions/north_america/ExxonMobil-chemical-earnings-decline-5-percent-YOY-on-weaker-specialty-marginns_58428.html
January 30, 2014
OxyChem, the chemical segment of Occidental Petroleum, reports fourth-quarter earnings of $128 million, down 29% year-on-year (YOY) from $180 million. Occidental attributes the result to higher energy and ethylene costs and lower caustic soda prices....
http://www.chemweek.com/regions/north_america/OxyChem-earnings-down-on-higher-ethylene-energy-costs-lower-chlor-alkali-prices_58429.html
January 29, 2014
The American Cleaning Institute (ACI) announced today that it has launched a voluntary initiative to promote and demonstrate continual improvement in the cleaning products...
http://www.chemweek.com/regions/north_america/American-Cleaning-Institute-launches-sustainability-charter_58396.html
January 29, 2014
Dow Chemical posted fourth-quarter net income of $963 million, reversing a year-ago loss of $716 million. Reported adjusted earnings were 65 cts/share, up 97% compared with the year-ago quarter and 51% above the consensus analyst estimate as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Dow-earnings-beat-estimates-on-gains-in-all-segments_58386.html
January 29, 2014
Dakota Gasification Co.’s (Dakota Gas; Bismarck, ND) board has approved the construction of a previously announced urea production facility at the company’s Great Plains...
http://www.chemweek.com/regions/north_america/Dakota-Gas-board-approves-urea-project-at-Beulah_58385.html
January 29, 2014
President Barack Obama last night delivered his annual State of the Union address, citing the need for bipartisan union and tax reform, as well as updating on new manufacturing hubs...
http://www.chemweek.com/regions/north_america/ACC-Socma-push-for-Obama-and-Congress-unification-following-State-of-the-Union-address_58393.html
January 29, 2014
Phillips 66 (Houston) reports that fourth-quarter earnings for the chemicals segment, its 50% stake in Chevron Phillips Chemical (CPChem), increased 6% year-on-year (YOY), or $15 million, to $261 million. The company cites gains in CPChem’s olefins and polyolefins business and joint ventures, offset by results in the specialties, aromatics, and styrenics business....
http://www.chemweek.com/regions/north_america/Phillips-66-chemical-earnings-up-6-percent-YOY-on-olefins-polyolefins_58395.html
January 29, 2014
Praxair today announced its fourth-quarter earnings, showing gains due to strength in North American markets and the energy industry, specifically hydrogen plants. Net income was $474...
http://www.chemweek.com/regions/north_america/Praxair-earnings-up-on-strength-in-energy-announces-share-repurchase-program_58392.html
January 29, 2014
PolyOne announced its fourth-quarter earnings, which feature organic growth across all platforms. Net income increased almost seven-fold, to $24.6 million—partially due to the...
http://www.chemweek.com/regions/north_america/PolyOne-sales-earnings-up-on-Spartech-acquisition_58378.html
January 28, 2014
Albemarle today reported fourth-quarter adjusted earnings of $88.4 million, or $1.08/share, down 16% year-on-year (YOY), but ahead of analysts' consensus estimate of $1.04/share as...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-fall-YOY-but-beat-estimates_58379.html
January 28, 2014

BASF plans to build a methylglycinediacetic acid plant at Evonik’s Theodore, AL, site, citing strong demand for chelating agent. The investment will total about $90 million, and start-up is planned for second-half 2015.

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http://www.chemweek.com/regions/north_america/BASF-to-build-chelating-agent-plant-at-Evoniks-Theodore-AL-site_58357.html
January 28, 2014
The European Union and 13 other members of the World Trade Organization (WTO; Geneva), including the United States and China, have pledged to launch negotiations within the WTO to...
http://www.chemweek.com/regions/north_america/us/WTO-members-start-initiative-to-reduce-tariffs-on-green-goods_58354.html
January 28, 2014
Koppers announced today that it has signed an agreement with Norfolk Southern (Elizabethport, NJ), a railway transportation company, to extend its two existing sales contracts to...
http://www.chemweek.com/regions/north_america/Koppers-extends-sales-contract-with-NJ-railroad-company_58377.html
January 28, 2014
Kraton Performance Polymers has entered into a definitive agreement to combine with the styrenic block copolymer (SBC) operations of LCY Chemical (Taipei), which had been earlier known...
http://www.chemweek.com/regions/north_america/us/Kraton-to-merge-with-styrenic-block-copolymer-business-of-LCY-Chemical_58351.html
January 28, 2014
Eastman Chemical (Kingsport, TN) has agreed to acquire BP’s $100-million/year global aviation turbine engine oil business, Eastman announced on 28 January. The acquisition will expand Eastman’s aviation products portfolio, which currently comprises its Skydrol aviation hydraulic fluids. Financial terms of the deal, which is expected to close in the second quarter, have not been disclosed....
http://www.chemweek.com/regions/north_america/Eastman-buys-BPs-aviation-turbine-oil-business_58361.html
January 28, 2014
ACC today released its monthly chemical activity barometer (CAB), showing continued growth and an improving US economy. The January CAB ticked up to 94, increasing 0.2% over December...
http://www.chemweek.com/regions/north_america/ACCs-Chemical-Activity-Barometer-posts-January-increase_58360.html
January 28, 2014
Air Products reported net income $287 million, up 4% year-over-year (YOY) on gains in its electronics and performance materials, and equipment and energy segments. Reported earnings of...
http://www.chemweek.com/regions/north_america/Air-Products-earnings-up-on-strong-electronics-and-performance-materials_58359.html
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