IHS Chemical Week

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July 30, 2015
ACC’s chemical activity barometer (CAB), a leading indicator of economic activity measured on a three-month moving average, increased 0.1% in July, following consecutive monthly...
July 30, 2015
Air Products today reported fiscal third-quarter net income up 2% year-on-year (YOY), to $318.8 million, or $1.47/share, on sales down 6%, to $2.47 billion. Excluding restructuring and...
July 30, 2015
Methanex posted net income attributed to shareholders of $104 million, down 17% year-on-year (YOY). Revenue of $638 million was down 19% YOY. Reported adjusted earnings of 56 cts/share...
July 30, 2015
Evonik Industries is globalizing its R&D activities for the global cosmetics industry, and at the same time using local R&D to strengthen its position in important growth...
July 30, 2015
Quaker Chemical (Conshohocken, PA) says that it has acquired Verkol (Bera, Spain), a leading specialty grease and lubricants manufacturer and marketer based in Northern Spain, for...
July 30, 2015
Cambrex (East Rutherford, NJ) reports net profits of $19.66 million for the second quarter of 2015, which is unchanged compared with the second quarter of 2014. Second-quarter sales...
July 30, 2015
Reliance Industries (Mumbai) is contemplating the sale of its shale gas holdings in the United States, according to Indian press reports. Reliance, in response to a request...
July 29, 2015
Ashland today reported fiscal third-quarter net income of $107 million, or $1.56/share, up 8.1% year-on-year (YOY), on sales down 14.9%, to $1.37 billion. Adjusted earnings from...
July 29, 2015
US propylene stocks were higher in the week that ended on 24 July, according to data released on Wednesday by the Energy Information Administration (EIA). Propane/propylene stocks were...
July 29, 2015
During the week ended 25 July, chemical railcar traffic in North America increased 1.6% year-over-year (YOY) on strong gains in Canada. For all of North America, chemical railcar traffic during the week totaled 42,019 carloads, up 0.6% from the previous week, according to data released on 29 July by the Association of American Railroads (AAR) https://www.aar.org/. For the year to date, chemical railcar traffic in North America is up 0.4%, versus a 3.5% decrease in all railcar traffic, according to the AAR....
July 29, 2015
Chemtura posted second-quarter net income of $18 million, down 58% from the same year-ago quarter due mainly to the sale of its agrochemicals business. Net sales were $454 million, down 24%. The company says its core segments, which exclude agrochemical manufacturing, posted a strong quarter with adjusted Ebitda of $60 million, up 13% YOY....
July 29, 2015
Ferro today reported second-quarter net income down 34.0% year-on-year (YOY), to $6.6 million, on sales down 8.8%, to $268.2 million. Net income was impacted by restructuring charges...
July 29, 2015
Huntsman reports net income of $29 million for the second quarter, down 76% year-on-year (YOY). Sales totaled $2.74 billion, down 8.2% YOY from $2.99 billion on lower selling prices and sales volume as well as currency effects. Adjusted earnings of 63 cts/share increased 6.8% YOY and beat analysts’ consensus estimate of 55 cts/share, as compiled by Thomson Reuters (New York)....
July 29, 2015
Chevron confirmed Wednesday that it will cut its workforce by 1,500 positions across multiple operating units and its corporate center  to reduce costs amid current market...
July 29, 2015
Univar posted a second-quarter net loss of $12.4 million due mainly to expenses related to the company’s initial public offering and debt repayment. The negative impact on a...
July 29, 2015
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired Scandia Citrus (Lakeland, FL), which specializes in the R&D, manufacture, and...
July 29, 2015
Praxair today reported second-quarter net income down 34% year-on-year (YOY), to $308 million, or $1.06/share, on sales down 12%, to $2.74 billion. Earnings were hit by negative...
July 29, 2015
W.R. Grace reports second-quarter net income declined 57.9% year-on-year (YOY), to $57.5 million. The prior-year quarter included a tax benefit of $53.2 million, while the 2015 quarter...
July 29, 2015
Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reports second-quarter net income increased 3.7% year-on-year (YOY), to $113 million, on sales down 5.3% YOY, to...
July 29, 2015
Solvay says that it has signed a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $75.25/share in cash, or a total of $5.5 billion. The transaction price per...
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