IHS Chemical Week

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April 29, 2014
Westlake Chemical has announced plans to carve out its ethylene assets and place them into a separately traded limited partnership....
http://www.chemweek.com/regions/north_america/us/Westlake-to-place-ethylene-assets-in-limited-partnership_60664.html
April 29, 2014
LyondellBasell reports first-quarter net income of $944 million, up 5% year-on-year on gains in Europe and Asia. Sales increased 4.4% YOY to $11.1 billion. Earnings of $1.72/share beat the consensus estimate of $1.71/share by a nose....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-net-income-up-5-percent-YOY-short-of-analyst-consensus_60663.html
April 29, 2014
Huntsman swung to profit and beat Wall Street estimates as restructuring in its advanced materials and textile effects businesses and Ebitda gains in four out of five segments boosted...
http://www.chemweek.com/regions/north_america/us/Huntsman-swings-to-profit_60661.html
April 28, 2014
Compass Minerals today reported net earnings up 8% year-on-year (YOY), to $50.2 million, or $1.49/share, on sales up 10%, to $422 million. Earnings beat analysts’ consensus...
http://www.chemweek.com/regions/north_america/us/Compass-Minerals-sales-earnings-rise-on-strong-demand-for-salt-and-fertilizer_60647.html
April 28, 2014
Williams (Tulsa, OK) and Boardwalk Pipeline Partners (Houston) have suspended capital investments in the proposed Bluegrass Pipeline and Moss Lake liquefied petroleum gas terminal projects, mainly owing to insufficient customer commitments....
http://www.chemweek.com/regions/north_america/us/Williams-Boardwalk-suspend-capital-investments-in-Bluegrass-Pipeline-Moss-Lake-LPG_60636.html
April 28, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. CAB up 0.5%; up 3.2% Y/Y Existing Home Sales down...
http://www.chemweek.com/regions/north_america/us/ACCs-economic-outlook-for-the-week-ended-25-April-2014_60637.html
April 28, 2014
Ecolab today reported net income up 20% year-on-year (YOY), to $191 million, on sales up 16%, to $3.34 billion. Adjusted earnings, excluding restructuring and other charges, rose 23%...
http://www.chemweek.com/regions/north_america/us/Ecolab-earnings-match-estimates-on-strong-sales_60633.html
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/us/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/us/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/us/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/us/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/us/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/us/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/us/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/us/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/us/3M-earnings-rise-but-fall-short-of-estimates_60541.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
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