IHS Chemical Week

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February 26, 2015
Ferro today reported fourth-quarter net income down 81% year-on-year (YOY), to $11.4 million, on sales down 5%, to $260.9 million. The company reported a loss from continuing...
http://www.chemweek.com/regions/north_america/us/Ferro-earnings-tumble-on-lower-sales_68119.html
February 26, 2015
JSR Corp. along with CMIC Holdings Co. (Tokyo) and Innovation Network Corporation of Japan (INCJ), announced today that they have agreed to acquire KBI Biopharma, a biopharmaceutical...
http://www.chemweek.com/regions/north_america/us/JSR-Corp-acquires-contract-manufacturing-group-KBI-Biopharma_68118.html
February 26, 2015
Koppers today reported a fourth-quarter net loss of $33.5 million, or $1.67/share, compared with a loss of $4.1 million in the year-ago quarter. Net sales grew by 25% year-on-year...
http://www.chemweek.com/regions/north_america/us/Koppers-loss-widens-on-negative-oil-impacts_68117.html
February 26, 2015
Axiall reiterated on 25 February its recent decision to delay construction of an ethane cracker in Louisiana until after the first quarter because of uncertainty in energy markets. On...
http://www.chemweek.com/regions/north_america/us/Axiall-Lotte-delay-decision-on-Louisiana-cracker-project_68095.html
February 26, 2015
The United Steelworkers (USW; Pittsburgh) union and the North America’s Building Trades Unions (NABTU; Washington) issued a joint statement on 25 February, clarifying what the...
http://www.chemweek.com/regions/north_america/us/USW-NABTU-unions-clarify-labor-negotiations-during-refinery-strike_68102.html
February 26, 2015
US crude oil and gasoline inventories were mixed in the week that ended 20 February, as crude stocks firmed and gasoline stocks declined, according to data released by the US Energy...
http://www.chemweek.com/regions/north_america/us/US-crude-stocks-rise-for-seventh-straight-week-gasoline-down_68104.html
February 26, 2015
Asian market sources have confirmed that a price premium that spot benzene cargoes in Asia currently command over their US counterparts has resulted in a rare reverse arbitrage opening...
http://www.chemweek.com/regions/north_america/us/Asian-traders-confirm-US-to-China-arbitrage-for-benzene-amid-wide-spot-price-gap_68106.html
February 26, 2015
Ferro says that it has acquired privately held TherMark Holdings (Irvine, CA), a leader in laser marking technology, for $5.5 million in cash. TherMark, which was founded in 1996, is...
http://www.chemweek.com/regions/north_america/us/Ferro-acquires-laser-marking-technology-provider-TherMark_68112.html
February 25, 2015
Chemtura today reported fourth-quarter adjusted net earnings from continuing operations of $8 million, or 10 cts/share, down 50% year-on-year (YOY), on net sales down 14%, to $467...
http://www.chemweek.com/regions/north_america/us/Chemtura-beats-estimates-despite-lower-sales_68105.html
February 25, 2015
Kraton Performance Polymers reports a loss for the fourth quarter $17.4 million  compared with net profit of $4.9 million in the same year-ago quarter on inventory revaluation. Sales totaled $276 million, down 4.9% YOY on currency effects, the company says. Adjusted earnings of 16 cts/share beat the analysts’ consensus estimate of a 4-ct/share loss, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Kraton-swings-to-loss-but-beats-analyst-estimates_68080.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/regions/north_america/us/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68075.html
February 25, 2015
Deinove (Montpelier, France), a biotech company that develops innovative processes to produce biofuels and biobased chemicals by using Deinococcus bacteria as host strains, today...
http://www.chemweek.com/regions/north_america/us/Deinove-granted-patent-in-the-US-for-second-generation-bioethanol-production-process_68076.html
February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/regions/north_america/us/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
February 25, 2015
Chevron Phillips Chemical (CPChem) has production back up at its Cedar Bayou, TX, steam cracker, according to market sources this week. However, the company would not confirm any...
http://www.chemweek.com/regions/north_america/us/Sources-CPChem-production-back-up-at-Cedar-Bayou_68061.html
February 24, 2015
Renewable chemical and fuel firm Amyris (Emeryville, CA) reports net income of $58 million for its fiscal fourth quarter, up from a loss of $139.4 million in the year-ago quarter. The...
http://www.chemweek.com/regions/north_america/us/Amyris-expects-to-more-than-double-sales-in-2015_68062.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/regions/north_america/us/LyondellBasells-CFO-to-leave-the-company_68035.html
February 24, 2015
Astomos Energy (Tokyo) will buy up to 800,000 m.t. of shale-derived liquefied petroleum gas (LPG) from Targa Resources (Houston) spread over three years from the second half...
http://www.chemweek.com/regions/north_america/us/Japanese-firm-to-buy-800000-m-t-of-LPG-from-Targa-over-2017-20_68032.html
February 24, 2015
Westlake Chemical Partners LP (Houston) reports net income of $8.6 million on sales of $274 million for the fourth quarter of 2014. The period was the first full quarter for the business, a master limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities. Earnings of 32 cts per limited partner unit were short of the analysts’ consensus estimate of 34 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Westlake-ethylene-MLP-reports-net-income-of-$8-6-million-for-its-first-full-quarter_68048.html
February 24, 2015
Solvay said today that it is building a new poly(ether ether ketone) (PEEK) plant in the United States, more than doubling capacity for this high-performance engineering polymer and...
http://www.chemweek.com/regions/north_america/us/Solvay-selects-the-United-States-for-its-second-global-PEEK-plant_68029.html
February 24, 2015
Agrium reports fourth-quarter net earnings of $51 million, down 48.5% year-on-year, on sales down 5.6% YOY, to $2.7 billion. Wholesale sales for the fourth quarter decreased YOY as a...
http://www.chemweek.com/regions/north_america/us/Agrium-adjusted-profits-fall-10-percent-but-beat-estimates_68046.html
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