IHS Chemical Week

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November 4, 2015
Platform Specialty Products has issued $500 million in senior bonds due 2021, with the proceeds going to fund the $2.3-billion acquisition of Alent plc (Woking UK). The bonds carry an...
November 6, 2015
Deere & Co. and Monsanto's precision planting subsidiary The Climate Corporation say they have signed agreements for Deere to acquire Climate Corp.'s equipment business. The deal...
November 3, 2015
Ashland has reported a fiscal fourth-quarter net loss from continuing operations of $59 million, or 88 cts/share, on sales down 17% year-on-year (YOY), to $1.28 billion. This compared...
November 3, 2015
A US bankruptcy court has approved the sale of Haverhill Chemical's (Houston) to Altivia Petrochemicals (Houston) for $3 million, in line with expectations. The deal was first reported by IHS Chemical back on 10 September....
November 3, 2015
Mosaic on Tuesday reported third-quarter net earnings down 21% year-on-year (YOY), to $160 million, on sales down 9%, to $2.1 billion. Sales and earnings declined because of lower...
November 3, 2015
Olin reports third-quarter income of $5.9 million, down 77% year-on-year (YOY), on sales of $533.6 million, down 10% YOY. Adjusted earnings of 27 cts/share missed the mean analyst estimate of 32 cts/share compiled by Thomson Reuters (New York). Olin says it may idle or permanently close 250,000–450,000 m.t./year of chlor-alkali capacity. The company plans to provide details in the first quarter of 2016....
November 3, 2015
Axiall has swung to a third-quarter net loss of $769.6 million compared with net income of $44.5 million. Adjusted earnings of 91 cts/share were 3.4% higher year-on-year (YOY) and more...
November 3, 2015
Westlake Chemical Partners reports third-quarter net income attributable to the partnership of $10.1 million, down from $10.4 million in the second quarter. Net sales of Westlake Chemical OpCo totaled $248.6 million during the quarter, down $251.7 million in the second quarter. Adjusted earnings of 37 cts/share fell short of the mean analyst estimate of 40 cts/share, as compiled by Thomson Reuters (New York)....
November 3, 2015
OCI Partners (Nederland, TX) reports net income for the third quarter of $23 million, up 21% year-over-year (YOY), on revenues of $104 million, up 16% YOY. Earnings of 27 cts/share fell just shy of the mean analyst estimate of 28 cts/share as compiled by Thomson Reuters (New York)....
November 3, 2015
Balchem has reported third-quarter net income down 7.9% year-on-year (YOY), to $14.0 million, or 44 cts/share, on sales down 12.7%, to $140.1 million. The downturn in the oil and gas...
November 3, 2015
Westlake Chemical (Houston) reports third-quarter net income of $184 million, up 9.5% year-on-year (YOY) on the one-time boost of a lower effective tax rate, which offset the effects of maintenance outages. Sales totaled $1.19 billion, down 5.2% YOY on lower sales prices, partially offset by higher sales volume, the company says....
November 3, 2015
Cambrex (East Rutherford, NJ) reports 34% higher net profits for the third quarter of 2015 compared with the third quarter of 2014, to $11.7 million. Third-quarter sales increased 14%...
November 3, 2015
OCI (Amsterdam) and CF Industries on Tuesday announced the expiration of the waiting period mandated for the US government antitrust review of proposed transactions under the...
November 4, 2015
DuPont has announced plans to merge its packaging and industrial polymers business unit with performance polymers, as well as combine protection technologies and building innovations...
November 2, 2015
American Vanguard (Amvac) reports third-quarter net income increased by a factor of four year-on-year (YOY), to $2.8 million, on sales up 1.3% YOY, to $72.5 million, on cost-cutting...
November 2, 2015
Williams says it has signed a long-term agreement to supply propylene from its planned propane dehydrogenation (PDH) plant near Edmonton, AB, to North American Polypropylene (NAPP), which would co-locate a polypropylene plant on the same site....
November 2, 2015
BASF has completed the previously announced sale its global paper hydrous kaolin (PHK) business to Imerys (Paris). Under a tolling agreement of limited duration, BASF will continue to...
November 2, 2015
Ecolab on Monday reported third quarter net income down 29% year-on-year (YOY), to $257.8 million, on sales down 7%, to $3.45 billion. Adjusted income excluding a charge related to the...
November 2, 2015
Celanese plans to close its vinyl acetate ethylene (VAE) emulsions production units at Meredosia, IL, by 15 December. The company says it will continue to supply North American emulsions customers through its facilities in Enoree, SC, and Boucherville, Quebec....
November 2, 2015
Denka Performance Elastomer (DPE), a new joint venture between Denka Co. and Mitsui & Co., has acquired DuPont’s chloroprene rubber business. The sale was announced in...
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