IHS Chemical Week

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October 22, 2012
Agrium said today it will buy back 8.72 million shares, 5.5% of total share’s outstanding, at a price of C$103/share ($104/share). The buyback, which took the form of a...
October 22, 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. Retail Sales up 1.1%; up 5.4% year-on-year...
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 11, 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 9, 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...
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