IHS Chemical Week

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September 4, 2012
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we post a green banner. Consumer Confidence down 4.8 points to 60.6 Personal Income up...
August 21, 2012
Tronox has closed an issuance of $900 million in senior debt due 2020, the company says. The debt will carry an interest rate of 6.375%, compounded semiannually. Tronox expects to use...
August 20, 2012
MACROECONOMIC STATUS Our running tab of positive indicators rose by two, to 13 out of 20 this week. Thus, we post a green banner but one with a yellowish tint. Consumer Prices flat...
August 20, 2012
Westlake Chemical says it will increase its quarterly dividend to 18.75 cts/share, up more than 150%, from the 7.375 cts/share dividend paid in the second quarter. The dividend will be...
August 15, 2012
Valspar has reported fiscal third-quarter net income of $86 million, up 28% from the year-ago quarter, on sales up 1%, to $1.1 billion. Adjusted net income, excluding 5 cts/share in...
August 15, 2012
Chemtura’s pool chemicals business is a “questionable fit” for the company in terms of its contribution to the company’s financial and strategic goals, CEO...
August 14, 2012
Cytec and luxury automaker Jaguar Land Rover (Coventry, UK) have entered into a collaboration agreement covering the development of composite materials for automobiles, Cytec says. The...
August 13, 2012
MACROECONOMIC STATUS Our running tab of positive indicators was 11 out of 20 this week. Thus, we continue to post a yellow banner. Consumer Credit up 0.3%; up 5.1% YOY Import Prices...
August 9, 2012
OM Group reported a second-quarter loss of $22.3 million, or 71 cts/share, on charges related to the acquisition of VAC. In the year-ago quarter, OM Group reported net income of $24.6...
August 7, 2012
Private equity firm Carlyle Group (New York) is the leading bidder in the auction for DuPont’s automotive coatings business, according to a Reuters report. The report says that...
August 7, 2012
Momentive Specialty Chemicals reported a second-quarter net income of $28 million, down 56% year-on-year (YOY), on sales down 7%, to $1.3 billion. Income fell due to volume...
August 7, 2012
Momentive Performance Materials reported a second-quarter loss of $88 million—compared to $11 million in the year-ago period—on pricing declines, a lower-margin product...
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