IHS Chemical Week

Archives :: Regions :: North America

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May 8, 2014
Celanese says that Steven Sterin has resigned as the company's CFO, effective 6 May. Chris Jensen, senior v.p./finance and chief accounting officer, will serve as the company’s interim CFO....
http://www.chemweek.com/regions/north_america/us/Celanese-announces-CFO-departure_60900.html
May 8, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $6.37 million in the first quarter of 2014 compared...
http://www.chemweek.com/regions/north_america/us/Codexis-narrows-loss_60892.html
May 8, 2014
BASF and Yara have selected BASF’s Freeport, TX site to build their previously announced ammonia plant. The proposed plant will be designed to produce 750,000 m.t./year of...
http://www.chemweek.com/regions/north_america/BASF-and-Yara-select-Freeport-TX-site-for-ammonia-production-joint-venture_60891.html
May 8, 2014
Indorama Ventures (Bangkok) says it has appointed Tom Zaiser as CEO of its wholly owned subsidiary FiberVisions (Duluth, GA), effective 30 April 2014. Zaiser succeeds Gary Spitz who is...
http://www.chemweek.com/regions/north_america/us/Indorama-appoints-new-CEO-of-FiberVisions_60890.html
May 7, 2014
Balchem says it has completed the acquisition of SensoryEffects, a maker of food ingredients, for $567 million. The deal was announced in early April. SensoryEffects will maintain its...
http://www.chemweek.com/regions/north_america/Balchem-closes-acquisition-of-SensoryEffects_60887.html
May 7, 2014
Rockwood today reported first-quarter net income of $21.7 million, more than double that of the year-ago quarter. Net sales totaled $354.5 million, up 5.2% year-on-year (YOY). Adjusted...
http://www.chemweek.com/regions/north_america/Rockwood-earnings-rise-on-solid-surface-treatment-results_60863.html
May 7, 2014
Innospec has reported first-quarter net income down 6% year-on-year (YOY), to $16.9 million, on sales up 11%, to $220.7 million. Adjusted earnings, excluding some foreign currency and...
http://www.chemweek.com/regions/north_america/Innospec-earnings-fall-despite-rising-sales_60864.html
May 7, 2014
There is a ready market for a second ethane cracker at Williams’s Geismar, LA, site, says Steve Lewandowski, senior director/global olefins at IHS Chemical. Ethylene is short in Louisiana, and there is a long list of ethylene consumers that would benefit from participation in the proposed venture, he says....
http://www.chemweek.com/regions/north_america/IHS-Second-Williams-cracker-at-Geismar-would-address-regional-ethylene-shortage_60838.html
May 7, 2014
BASF’s proposal to build a world-scale methane-to-propylene (MTP) complex on the US Gulf Coast is strategically sound, and it may also be tactically savvy, says Chuck Carr, senior director/global olefins at IHS Chemical. BASF needs to address the shrinking supply of propylene produced by North America's steam crackers, and on-purpose production is most likely the answer. At the same time, the choice of MTP over propane dehydrogenation (PDH) suggests that BASF may expect the gap between crude oil and natural gas prices to grow over the long term, providing an advantage to production from methane....
http://www.chemweek.com/regions/north_america/IHS-BASFs-methane-to-propylene-evaluation-for-US-Gulf-Coast-is-wise-move_60842.html
May 6, 2014
FMC today reported first-quarter net income down by about half year-on-year (YOY), to $65.6 million, or 49 cts/share, on revenues up 3%, to $942 million. Earnings excluded some charges...
http://www.chemweek.com/regions/north_america/FMC-earnings-fall-as-ag-results-hit-by-bad-weather_60841.html
May 6, 2014
Platform Specialty Products today announced that it will issue $200 million in shares of common stock in a private placement. The placement is expected to close on 20 May. Platform...
http://www.chemweek.com/regions/north_america/Platform-Specialty-Products-commences-private-placement_60840.html
May 6, 2014
Mosaic today reported net income down 43% year-on-year (YOY), to $218 million, or 54 cts/share, on sales down 13%, to $2 billion. "While weather continued to create challenges in...
http://www.chemweek.com/regions/north_america/Mosaic-earnings-fall-on-lower-selling-prices_60828.html
May 6, 2014
US Water Services (St. Michael, MN) has acquired Water Chemical Service (Waterchem; Aberdeen, MD), a maker of pathogen control products, for an undisclosed sum, the company says. The...
http://www.chemweek.com/regions/north_america/US-Water-Services-acquires-treatment-firm-in-Mid-Atlantic_60826.html
May 6, 2014
International Flavors & Fragrances (IFF) today reported first-quarter net income up 18% year-on-year (YOY), to $106.7 million or $1.30/share, on sales up 6%, to $770 million...
http://www.chemweek.com/regions/north_america/IFF-earnings-beat-estimates-on-strong-sales_60825.html
May 6, 2014

OxyChem, the chemical segment of Occidental Petroleum, has reported earnings for the first quarter of $136 million, down 14% year-on-year. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity. However, the company says higher polyvinyl chloride and vinyl chloride margins, resulting from improvement in US construction markets, and higher volumes across all products offset most of the decline.

...

http://www.chemweek.com/regions/north_america/OxyChem-earnings-down-on-caustic-prices_60824.html
May 6, 2014
Axiall (Atlanta) reports a net loss for first-quarter 2014 of $11.6 million versus a loss of $3.5 million in the year-ago period. A 17-cts/share loss matched the analysts’ consensus estimate compiled by Thomson Reuters. Sales fell 10% year-on-year, to $994 million....
http://www.chemweek.com/regions/north_america/VCM-outage-weather-cut-into-Axiall-earnings_60823.html
May 6, 2014
The oral solid-dosage form (OSDF) excipients market, which is valued at nearly $2.3 billion in the United States, Europe, India, and China, is growing sustainably on a global scale...
http://www.chemweek.com/regions/north_america/us/Study-Oral-solid-dosage-form-excipients-market-growing-at-7-4-percentyear_60818.html
May 6, 2014
Westlake Chemical (Houston) reports net income for the first quarter of $158 million, up 28% year-on-year on improved olefin margins and volumes. Earnings totaled $1.18/share, 4% above the analysts’ consensus estimate as compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/Westlake-income-up-28-percent-as-olefins-gain-offsets-vinyls-loss_60780.html
May 6, 2014
Bayer announced today that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash. Bayer, at...
http://www.chemweek.com/regions/north_america/us/Bayer-to-acquire-consumer-care-business-of-Merck-and-Co-for-$14-2-billion_60812.html
May 6, 2014
A new methane-to-ethylene process developed by Siluria Technologies appears to be both technologically and economically viable, and it could improve the relative cost position of ethylene producers in Europe and Asia, say analysts at IHS....
http://www.chemweek.com/regions/north_america/IHS-Model-shows-strong-economics-for-Silurias-methane-to-ethylene-process_60784.html
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