IHS Chemical Week

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October 19, 2012
Sensient Technologies third-quarter earnings rose 2.7% year-on-year (YOY), to $32.9 million, on revenues up 1.5%, to $369.4 million. Earnings totaled 66 cts/share, matching...
October 18, 2012
Cytec’s third-quarter adjusted earnings from continuing operations rose 68% year-on-year, to $42.8 million, or 91 cts/share. Adjusted earnings easily beat analysts’...
October 18, 2012
PPG’s third-quarter net income was up 9% year-on-year (YOY), to $339 million, on strong automotive coatings volumes and price increases. Sales were flat, at $3.85 billion...
October 17, 2012
Albemarle’s third-quarter net income fell 14% year-on-year, to $99.3 million, on sales down 8.5% to $661.2 million. Earnings totaled $1.10/share, beating analysts’...
October 17, 2012
Ecolab has agreed to sell its vehicle care division to Zep (Atlanta), a maker of cleaning and sanitizing products, for $120 million. The business, which makes cleaning and maintenance...
October 15, 2012
MACROECONOMIC STATUS Our running tab of positive indicators slipped to 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Credit up 0.7%; up 5.5% year-on-year...
October 12, 2012
KMG Chemicals fiscal fourth-quarter net income more than tripled from the year-ago period, to $3.9 million, on higher profit margins and a lower cost of sales. Sales declined 4.7%...
October 12, 2012
Momentive Performance Materials (MPM) is planning to issue $1.1 billion in first-priority senior secured debt due 2020 in a private placement. The notes, which will carry an interest...
October 10, 2012
Ferro says it is considering the sale of its solar pastes business “in an effort to eliminate its drag on ... earnings and cash flow,” says CEO James Kirsch...
October 10, 2012
Cytec announced today that it is selling its coating resins business to private equity firm Advent International (New York) for $1.15 billion. The business generated revenue of $1.6...
October 10, 2012
The US chemicals industry will invest $15 billion in ethylene production from 2011-2017, increasing capacity by 33%, while volumes from natural gas separation plants are expected to...
October 5, 2012
IC Potash Corp. (ICP; Toronto) has awarded SNC-Lavalin (Montreal) a contract to develop sections of the feasibility study of ICP’s Ochoa sulphate of potash (SOP) project at Lea...
October 3, 2012
3M and Avery Dennison have terminated their agreement for 3M to purchase Avery’s office and consumer products business. The $550-million deal came under scrutiny from the U.S...
October 3, 2012
RPM’s net income for the first quarter of 2013 fell 56% year-on-year, to $33.9 million, mostly due to a $45.3 million write-down of its minority stake Kemrock Industries and...
October 2, 2012
The first half of this year saw a large increase in debt financing by chemical companies, to $11.6 billion compared with $5.8 billion in the first half of 2011, according to data...
October 1, 2012
MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Confidence up 9.0 points, to...
October 1, 2012
3M is acquiring Ceradyne, a maker of technical ceramics for automotive, oil and gas, solar, industrial, and electronics applications, for $860 million. The deal values Ceradyne at...
September 28, 2012
Ecolab has announced plans to purchase Quimiproductos, a maker of cleaning, sanitizing, and water treatment products, for $35 million. Quimiproductos sells mainly to the beverage and...
September 26, 2012
H.B. Fuller’s fiscal third-quarter net income rose 11% year-on-year, to $24.6 million, on higher volumes and prices. Adjusted earnings, excluding costs related to the Forbo...
September 26, 2012
Omnova’s fiscal third-quarter net income jumped to $6.4 million, from $400,000 in the year-ago quarter, on lower raw material costs and a favorable sales mix. Adjusted earnings...
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