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February 12, 2016
Specialty chemical makers report mixed results, with sales down because of the strong dollar and volumes and margins varying by end market. Some companies were able to maintain...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-results-vary-on-strong-dollar-mixed-end-markets_77127.html
February 12, 2016
Diversified producers in the United States say revenues dropped during the fourth quarter mainly on lower prices but, in some cases, lower volumes. Earnings generally improved for...
http://www.chemweek.com/sections/business_finance/usa_americas/Low-feedstocks-boost-bottom-line-of-diversified-producers_77154.html
February 12, 2016
AkzoNobel has achieved its full-year 2015 profitability targets following a restructuring that began more than three years ago. However, the company’s fourth-quarter 2015...
http://www.chemweek.com/sections/business_finance/europe_mideast/AkzoNobel-hits-2015-targets-earnings-miss-estimates_77119.html
February 12, 2016
BP has announced that its petrochemicals business swung to profit in the fourth quarter of 2015 and that it would cut up to 3,000 jobs in its downstream business. BP’s downstream...
http://www.chemweek.com/sections/business_finance/europe_mideast/BP-says-petchem-business-back-in-profit-cuts-3000-downstream-jobs_77120.html
February 12, 2016
Merck KGaA plans to reshuffle its executive board. As of 30 April, Udit Batra, head/life sciences; and Walter Galinat, head/performance materials, will become board members and retain...
http://www.chemweek.com/sections/business_finance/europe_mideast/Merck-KGaA-appoints-executive-board-members_77128.html
February 12, 2016
Specialty chemicals company SKW Metallurgie (Unterneukirchen, Germany) says that it expects to post a huge net loss for full-year 2015 despite a better-than-expected operating performance. The company has also announced a restructuring to tackle the effects of the crisis in the worldwide steel industry....
http://www.chemweek.com/sections/business_finance/europe_mideast/SKW-warns-of-big-net-loss-plans-major-restructuring_77129.html
February 12, 2016
Unipetrol (Prague) estimates that lost earnings due to a previously reported explosion and fire at the company’s Litvínov, Czech Republic, steam cracker on 13 August 2015...
http://www.chemweek.com/sections/business_finance/europe_mideast/Unipetrol-counts-cost-of-explosion_77130.html
February 12, 2016
Leading chemical companies based in Japan report mixed financial results for the fiscal first nine months, ended 31 December 2015. Companies including Toray Industries, Sumitomo...
http://www.chemweek.com/sections/business_finance/asia_pacific/Leading-Japanese-companies-report-mixed-results_77098.html
February 12, 2016
Weakness in a variety of industrial markets hit gases results as demand fell from key markets in metals, manufacturing, and energy. Industrial production growth slowed worldwide in the...
http://www.chemweek.com/sections/business_finance/usa_americas/Gases-results-hit-by-weaker-industrial-production_77138.html
February 12, 2016
Axiall (Atlanta) has rejected a $2.9-billion acquisition bid by Westlake Chemical (Houston), saying the valuation is far too low. Analysts say the proposed combination, which would create North America’s second-largest producer of polyvinyl chloride, makes strategic sense, however, and that Westlake has room to increase its bid. Westlake offered $20 for each share of Axiall—$11 in cash and $9 in Westlake stock, for a 108% premium over Axiall’s closing price of $9.60/share on 22 January, the last trading day before the proposal....
http://www.chemweek.com/sections/business_finance/usa_americas/Axiall-rejects-$2-9-billion-bid-from-Westlake-Chemical_77139.html
February 12, 2016
Chemours is planning to build a $178-million plant to produce the refrigerant HFO-1234yf at Ingleside, TX. The hydrofluoroolefin (HFO) is the cornerstone of the company’s Opteon...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemours-planning-$178-million-HFO-plant-at-Ingleside-TX_77150.html
February 12, 2016
W.R. Grace announced on 4 February that it has completed the previously announced separation into two independent companies. GCP Applied Technologies, which includes Grace’s former...
http://www.chemweek.com/sections/business_finance/usa_americas/Grace-completes-spin-off-of-construction-products-Darex_77151.html
February 12, 2016
Balchem (New Hampton, NY) announced 8 February that it has acquired Albion International (Clearfield, UT) for $111.5 million in cash. With the acquisition, Balchem will immediately...
http://www.chemweek.com/sections/business_finance/usa_americas/Balchem-acquires-Albion-for-$111-5-million-cash_77153.html
February 12, 2016
Dow Chemical chairman and CEO Andrew Liveris announced on the company’s fourth-quarter earning call on 2 February that he would leave Dow by the end of second-quarter 2017. The departure will occur on the earlier of the completion of the expected three spin-offs following closing of the announced merger with DuPont or 30 June 2017....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-CEO-Liveris-to-depart-by-mid-2017-Fitterling-named-president_77155.html
February 12, 2016
The labor cost in the Western Germany chemical industry was €52.96 ($59.9) per working hour in 2014. Only Belgium, which is relatively small in comparison, is more expensive, the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Germanys-employer-association-warns-of-high-labor-cost-in-advance-of-pending-pay-negotiations_77159.html
February 10, 2016
Cambrex (Rutherford, NJ), a maker of active pharmaceutical ingredients (APIs) has reported sales of $156.9 million in fourth-quarter 2015, compared with sales of $128.8 million in the...
http://www.chemweek.com/sections/business_finance/Cambrex-sees-double-digit-growth-in-sales-profit_77058.html
February 10, 2016
PPG Industries has announced that it has received funding from the US Department of Energy (DOE) to support a project to improve the fuel efficiency of radial tires for trucks and...
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-receives-DOE-funds-for-fuel-efficient-tires_77052.html
February 9, 2016
Paint company Tikkurila (Helsinki) has announced fourth-quarter 2015 sales of €103.4 million ($115.3 million), compared with sales of €104.4 million, a decrease of 0.9%...
http://www.chemweek.com/sections/business_finance/Tikkurilas-sales-profit-fall-on-market-challenges_77020.html
February 8, 2016
Onyx Scientific (Sunderland, UK), a contract research organization (CRO) and small-scale manufacturer of active pharmaceutical ingredients (APIs), says it is investing in an additional...
http://www.chemweek.com/sections/business_finance/europe_mideast/Onyx-Scientific-to-expand-UK-site-by-30-percent_76989.html
February 5, 2016
Sensient Technologies (Milwaukee) has reported sales of $339.2 million in the fourth quarter of 2015, compared with $342.8 million in the corresponding period in 2014. Operating income...
http://www.chemweek.com/sections/business_finance/Sensient-reports-fall-in-sales-operating-income-up-in-2015_76972.html
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