IHS Chemical Week

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April 29, 2015
Activist hedge fund Trian management today released a letter to DuPont shareholders praising a report put out by the Institute for Shareholder Services (ISS; Rockville, MD) on Monday...
http://www.chemweek.com/regions/north_america/us/Trian-praises-ISS-recommendations-on-DuPont_69943.html
April 29, 2015
Dow Corning reports net income for the first quarter of $185 million, down 3.1% year-on-year (YOY) from $191 million. Sales totaled $1.36 billion, down 11% YOY. The declines reflect fewer polysilicon shipments to long-term contract customers, says J. Donald Sheets, the company’s executive v.p. and CFO. “These contracts have a degree of variability when customers take their product, and recent order patterns have resulted in customer orders being concentrated in the fourth quarter," he says....
http://www.chemweek.com/regions/north_america/us/Dow-Cornings-sales-and-earnings-down_69926.html
April 29, 2015
Praxair reports first-quarter net income $416 million, down 7.1% from the year-ago quarter because of currency impacts. Reported earnings of $1.43/share were down 5.2% year-on-year. Praxair has cut its full-year 2015 earnings forecast to $5.90–6.15/share, 5% lower at the midpoint compared with the company’s previous forecast, released in January.
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http://www.chemweek.com/regions/north_america/us/Praxair-earnings-fall-7-percent-on-currency-impact_69925.html
April 29, 2015
Freeport LNG Expansion (Freeport LNG) today announced that its subsidiary FLNG Liquefaction 3 has successfully closed the financing required for constructing the third train of its...
http://www.chemweek.com/regions/north_america/us/Freeport-LNG-closes-financing-starts-constructing-third-liquefaction-train_69923.html
April 29, 2015
Bayer CropScience has announced Healthy Hives 2020, the aims of which are to improve the health of honeybee colonies in the United States in the next five years, the company says. The...
http://www.chemweek.com/regions/north_america/us/Bayer-CropScience-launches-honeybee-health-initiative_69922.html
April 29, 2015
ChevronPhillips Chemical (CPChem) began the start up of the ethylene Unit 33 at its Sweeny, TX, facility on Monday, according to a filing with Texas regulators. Monday's filing with...
http://www.chemweek.com/regions/north_america/us/CPChem-begins-start-up-of-Sweeny-ethylene-unit_69908.html
April 29, 2015
With the US May benzene contract settlement expected to move higher later this week, market participants have not ruled out the possibility of another split settlement. The US benzene...
http://www.chemweek.com/regions/north_america/us/Sources-not-ruling-out-split-settlement-for-US-benzene-benzene-contract_69893.html
April 28, 2015
Croda International says it has broken ground on a £120m ($170 million) plant at its New Castle, DE facility that will be designed to produce non-ionic surfactants from renewable...
http://www.chemweek.com/regions/north_america/us/Croda-breaks-ground-on-Delaware-surfactants-plant_69905.html
April 28, 2015
Stepan (Northfield, IL) reports net income of $21.3 million, up 63% year-on-year (YOY) from $13.0 million. Sales declined 3.5% YOY to $460.5 million. Earnings of 93 cts/share blew past the analysts’ consensus estimate of 57 cts/share. The company attributes the strong results to actions taken in 2014 to improve product mix, reduce cost, and improve efficiency. Slightly higher volumes and margins offset the impact of a stronger US dollar....
http://www.chemweek.com/regions/north_america/us/Stepan-income-up-63-percent-beats-estimates_69886.html
April 28, 2015
A. Schulman is undertaking a public offering of $110 million worth of cumulative perpetual convertible special stock, to help fund the $800-million acquisition of plastics compounder...
http://www.chemweek.com/regions/north_america/us/A-Schulman-to-issue-special-stock-to-fund-Citadel-acquisition_69896.html
April 28, 2015
Reform of the outdated US chemical management policy took a step closer to a full Senate vote, as the bipartisan Frank R. Lautenberg Chemical Safety Act passed through the Senate...
http://www.chemweek.com/regions/north_america/us/TSCA-reform-bill-heads-to-Senate-floor_69894.html
April 28, 2015
Ecolab today reported net income up 22% year-on-year (YOY), to $233.4 million, on sales down 1%, to $3.30 billion. Adjusted earnings totaled 80 cts/share, up 8% YOY, but slightly short...
http://www.chemweek.com/regions/north_america/us/Ecolab-falls-slightly-short-of-estimates-cuts-guidance-on-currency_69892.html
April 28, 2015
Albemarle will announce its first-quarter operating results pursuant to the new structure emerging following the company's acquisition of Rockwood Holdings. The company announced its...
http://www.chemweek.com/regions/north_america/us/Albemarle-to-announce-first-quarter-results-pursuant-to-new-structure-in-talks-with-German-works-councils_69876.html
April 28, 2015
Air Products says that it has signed a product supply agreement with Big River Steel (Osceola, AR). Air Products, under the terms of the deal, will operate an air separation unit (ASU)...
http://www.chemweek.com/regions/north_america/us/Air-Products-signs-gas-supply-deal-with-Big-River-Steel_69867.html
April 28, 2015
The United Steelworkers Union (USW) said on Monday that LyondellBasell Houston Refining has falsely declared an impasse in talks with the union for a new contract and illegally...
http://www.chemweek.com/regions/north_america/us/USW-says-LyondellBasell-falsely-declared-an-impasse-in-labor-contract-talks_69857.html
April 27, 2015
Syngenta announced today that it has received US EPA approval for its breakthrough corn herbicide, Acuron. The first sales of the product to US growers will take place this year. In...
http://www.chemweek.com/regions/north_america/us/Syngenta-receives-EPA-approval-for-Acuron-corn-herbicide_69865.html
April 27, 2015
Fertilizer major EuroChem (Zug, Switzerland) today announced the selection of a site at St. John the Baptist Parish for its contemplated Louisiana natural gas-based fertilizer plant...
http://www.chemweek.com/regions/north_america/us/EuroChem-selects-site-in-Louisiana-for-ammonia-urea-manufacturing-complex_69861.html
April 27, 2015
Compass Minerals reports net earnings of $60.6 million for its fiscal first quarter, up 20.7% year-on-year (YOY), on sales down 6.8% YOY, to $393.0 million. “Our salt segment...
http://www.chemweek.com/regions/north_america/us/Compass-Minerals-earnings-jump-21-percent_69859.html
April 27, 2015
Shell Chemicals has completed the front-end engineering design (FEED) study on its previously announced ethane cracker at Monaca, PA, and is expected to make a final investment...
http://www.chemweek.com/regions/north_america/us/Shell-completes-FEED-on-US-cracker-encouraged-by-progress-in-Iraq_69834.html
April 27, 2015
The Institute for Shareholder Services (ISS; Rockville, MD), a proxy advisory firm, is recommending that two Trian nominees, including Trian founder and CEO Nelson Peltz, be elected to...
http://www.chemweek.com/regions/north_america/us/ISS-backs-two-Trian-seats-on-DuPont-board-update_69842.html
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