IHS Chemical Week

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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
April 25, 2014
Mitsubishi Chemical and the University of California, Santa Barbara (UCSB) have agreed to extend their agreement for a comprehensive R&D alliance in the field of advanced...
http://www.chemweek.com/regions/north_america/us/Mitsubishi-Chemical-and-University-of-California-extend-R-and-D-alliance_60592.html
April 24, 2014
Eastman today announced its first quarter results, with net income dropping 6% year-on-year (YOY), to $233 million. Reported adjusted earnings of $1.61/share were 1 ct below the year-ago quarter but above analyst estimates of $1.58/share, according to Thomson Reuters (New York). Sales of $2.3 billion were flat YOY....
http://www.chemweek.com/regions/north_america/Eastman-earnings-down-on-flat-sales-in-first-quarter_60585.html
April 24, 2014
Olin (Clayton, MO) has reports year-over-year (YOY) declines in sales and income for the first quarter, but earnings of 37 cts/share beat the analysts’ consensus estimate of 33 cts/share. The company has also announced a three-year, eight million-share repurchase program....
http://www.chemweek.com/regions/north_america/Olin-first-quarter-sales-earnings-down-on-chlor-alkali-products_60577.html
April 24, 2014
Sensient Technologies says that all nine of its director nominees – including the four who were contested by dissident hedge fund FrontFour Capital (Greenwich, CT) – were...
http://www.chemweek.com/regions/north_america/Sensient-directors-win-proxy-fight_60566.html
April 24, 2014
Ashland chairman and CEO James O’Brien will retire at the end of this year, the company says. O’Brien became CEO at Ashland in 2002 and oversaw two major acquisitions...
http://www.chemweek.com/regions/north_america/Ashland-CEO-to-retire_60461.html
April 24, 2014
PetroLogistics (Houston) reports strong sales and high volumes for the first quarter. Soaring feedstock costs took a deep bite out of margins, but the company beat the analysts’ consensus of 33 cts/share, turning in earnings of 37 cts/share....
http://www.chemweek.com/regions/north_america/PetroLogistics-reports-strong-first-quarter-despite-high-propane-costs_60550.html
April 24, 2014
Air Products told investors on its earnings call 23 April that the search for its next CEO continues. Air Products announced last September that current CEO John McGlade will...
http://www.chemweek.com/regions/north_america/Air-Products-says-search-for-CEO-on-track_60540.html
April 24, 2014
3M today reported first quarter net income of $1.21 billion, up 7.1% year-on-year (YOY), on sales of $7.83 billion, up 2.6%. Earnings totaled $1.79/share, slightly short of...
http://www.chemweek.com/regions/north_america/3M-earnings-rise-but-fall-short-of-estimates_60541.html
April 24, 2014
PotashCorp today reported net income of $340 million for its first quarter, down 38% year-over-year (YOY), with earnings per share of 40 cts/share, rising above analyst estimates of 36...
http://www.chemweek.com/regions/north_america/PotashCorp-reports-earnings-drop-raises-full-year-guidance_60537.html
April 24, 2014
Canada has signed a $40-million contract to supply potash to Bangladesh via Canpotex (Saskatoon, SK), according to Canada's ministry of foreign affairs, trade, and development. The...
http://www.chemweek.com/regions/north_america/Canpotex-signs-major-potash-export-contract-with-Bangladesh_60521.html
April 24, 2014
SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich, reports a 2.6% increase in sales in the first quarter of 2014 compared with the year-ago quarter...
http://www.chemweek.com/regions/north_america/us/SAFC-reports-slight-increase-in-first-quarter-sales_60519.html
April 24, 2014
CHS Inc. (St. Paul, MN), a farmer-owned cooperative and energy, grains, and foods company, has formed a 50-50 joint venture with Fessenden Cooperative Association (Fessenden, ND) to...
http://www.chemweek.com/regions/north_america/Farmer-co-op-CHS-forms-JV-to-build-fertilizer-warehouse_60494.html
April 23, 2014
Ferro today reported first-quarter net income of $17.2 million, compared with $883,000 in the year-ago quarter. Adjusted earnings totaled 19 cts/share, nearly double the year-ago...
http://www.chemweek.com/regions/north_america/Ferro-beats-estimates-raises-full-year-guidance_60510.html
April 23, 2014
Milliken (Spartanburg, SC) announced today that it is building new capacity for a clarifying agent for polypropylene (PP) at Blacksburg, SC. The new capacity will be onstream in 2015...
http://www.chemweek.com/regions/north_america/Milliken-to-increase-capacity-for-PP-clarifier_60492.html
April 23, 2014
Novozymes will establish an R&D center in the United States dedicated to the bioagriculture business, the company announced today. The center will be located near Research Triangle...
http://www.chemweek.com/regions/north_america/Novozymes-to-establish-bioagriculture-R-and-D-center-in-North-Carolina-invest-$36-million-over-three-years_60491.html
April 23, 2014
Praxair had first-quarter net income of $448 million, up 8% year-on-year (YOY). Reported earnings of $1.51/share are in line with analyst consensus, according to Thomson Reuters (New...
http://www.chemweek.com/regions/north_america/Praxair-earnings-up-on-North-American-chemicals-growth_60489.html
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