IHS Chemical Week

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May 6, 2014
FMC today reported first-quarter net income down by about half year-on-year (YOY), to $65.6 million, or 49 cts/share, on revenues up 3%, to $942 million. Earnings excluded some charges...
http://www.chemweek.com/regions/north_america/us/FMC-earnings-fall-as-ag-results-hit-by-bad-weather_60841.html
May 6, 2014
Platform Specialty Products today announced that it will issue $200 million in shares of common stock in a private placement. The placement is expected to close on 20 May. Platform...
http://www.chemweek.com/regions/north_america/us/Platform-Specialty-Products-commences-private-placement_60840.html
May 6, 2014
Mosaic today reported net income down 43% year-on-year (YOY), to $218 million, or 54 cts/share, on sales down 13%, to $2 billion. "While weather continued to create challenges in...
http://www.chemweek.com/regions/north_america/us/Mosaic-earnings-fall-on-lower-selling-prices_60828.html
May 6, 2014
US Water Services (St. Michael, MN) has acquired Water Chemical Service (Waterchem; Aberdeen, MD), a maker of pathogen control products, for an undisclosed sum, the company says. The...
http://www.chemweek.com/regions/north_america/us/US-Water-Services-acquires-treatment-firm-in-Mid-Atlantic_60826.html
May 6, 2014
International Flavors & Fragrances (IFF) today reported first-quarter net income up 18% year-on-year (YOY), to $106.7 million or $1.30/share, on sales up 6%, to $770 million...
http://www.chemweek.com/regions/north_america/us/IFF-earnings-beat-estimates-on-strong-sales_60825.html
May 6, 2014

OxyChem, the chemical segment of Occidental Petroleum, has reported earnings for the first quarter of $136 million, down 14% year-on-year. The company attributes the decrease to lower caustic soda prices driven by new chlor-alkali capacity. However, the company says higher polyvinyl chloride and vinyl chloride margins, resulting from improvement in US construction markets, and higher volumes across all products offset most of the decline.

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http://www.chemweek.com/regions/north_america/us/OxyChem-earnings-down-on-caustic-prices_60824.html
May 6, 2014
Axiall (Atlanta) reports a net loss for first-quarter 2014 of $11.6 million versus a loss of $3.5 million in the year-ago period. A 17-cts/share loss matched the analysts’ consensus estimate compiled by Thomson Reuters. Sales fell 10% year-on-year, to $994 million....
http://www.chemweek.com/regions/north_america/us/VCM-outage-weather-cut-into-Axiall-earnings_60823.html
May 6, 2014
The oral solid-dosage form (OSDF) excipients market, which is valued at nearly $2.3 billion in the United States, Europe, India, and China, is growing sustainably on a global scale...
http://www.chemweek.com/regions/north_america/us/Study-Oral-solid-dosage-form-excipients-market-growing-at-7-4-percentyear_60818.html
May 6, 2014
Westlake Chemical (Houston) reports net income for the first quarter of $158 million, up 28% year-on-year on improved olefin margins and volumes. Earnings totaled $1.18/share, 4% above the analysts’ consensus estimate as compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Westlake-income-up-28-percent-as-olefins-gain-offsets-vinyls-loss_60780.html
May 6, 2014
Bayer announced today that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash. Bayer, at...
http://www.chemweek.com/regions/north_america/us/Bayer-to-acquire-consumer-care-business-of-Merck-and-Co-for-$14-2-billion_60812.html
May 6, 2014
A new methane-to-ethylene process developed by Siluria Technologies appears to be both technologically and economically viable, and it could improve the relative cost position of ethylene producers in Europe and Asia, say analysts at IHS....
http://www.chemweek.com/regions/north_america/us/IHS-Model-shows-strong-economics-for-Silurias-methane-to-ethylene-process_60784.html
May 5, 2014
Renewable chemical firm P2 science (New Haven, CT) announced today that it has entered into chemical technology partnership with Milan-based process engineering firm Desmet Ballestra...
http://www.chemweek.com/regions/north_america/us/P2-inks-renewable-chemicals-partnership-with-Desmet-Ballestra_60795.html
May 5, 2014
Koppers Holdings today reported net income down 80% year-on-year (YOY), to $2.2 million, or 11 cts/share, on sales down 11%, to $331.4 million. Adjusted earnings totaled $6.6 million...
http://www.chemweek.com/regions/north_america/us/Koppers-earnings-plummet-on-weak-carbon-materials-results_60785.html
May 5, 2014
Platform Specialty Products today reported a first-quarter net loss of $5.9 million compared with income of $15.3 million in the year-ago quarter, on sales up 1% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/us/Platform-Specialty-Products-reports-loss_60782.html
May 5, 2014
Idemitsu Kosan and Mitsui & Co. have decided not to proceed with their proposed, equally owned, linear alpha olefins joint venture project in the United States. The companies...
http://www.chemweek.com/regions/north_america/us/Idemitsu-Kosan-and-Mitsui-and-Co-cancel-plans-for-US-alpha-olefins-project_60777.html
May 2, 2014
From a supply and demand standpoint, there will be no fundamental change to the US ethylene system as a result of Westlake Chemical’s move to carve out its ethylene assets into a Master Limited Partnership (MLP)....
http://www.chemweek.com/regions/north_america/us/INSIGHT-Westlake-ethylene-MLP-leverages-tax-advantages-and-frees-capital-for-investment_60711.html
May 2, 2014
Activist hedge fund Third Point, led by Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year. Third Point says in a 1 May letter to investors that the earnings gap is the result of the “result of a strategy focused more on selling downstream products than on maximizing profits.”...
http://www.chemweek.com/regions/north_america/us/Hedge-fund-Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60770.html
May 2, 2014
Niagara Fiber, which is owned by private equity firm Arsenal Capital (New York), has announced it will acquire Allied Blending & Ingredients (ABI; Keokuk, IA), a maker of fiber and...
http://www.chemweek.com/regions/north_america/us/Arsenals-Niagara-Fiber-acquires-Allied-Blending_60768.html
May 2, 2014

Phillips 66 (Houston) reports that its chemical segment, comprising a 50% share in Chevron Phillips Chemical, turned in first-quarter earnings of $316 million, up 20% year-on-year.

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http://www.chemweek.com/regions/north_america/us/Phillips-66-chemical-earnings-up-20-percent-YOY-on-improved-benzene-margins_60767.html
May 2, 2014
Sun Pharma (Mumbai), India’s major pharmaceuticals player, said today that it is closing its Detroit manufacturing plant as part of a consolidation. The company has not said how...
http://www.chemweek.com/regions/north_america/us/Sun-Pharma-to-close-Detroit-plant_60764.html
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