IHS Chemical Week

The latest chemical industry news

BASF reports higher earnings on flat sales, confirms outlook

1:44 PM MDT | July 25, 2014 | Natasha Alperowicz

BASF today reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Ebitda was up 9.0%, to €2.7 billion, and Ebit before special items advanced 12%, to €2.0 billion. The...

Mexichem reports lower earnings, to benefit from antidumping ruling against Chinese refrigerant gas producers

8:55 AM MDT | July 25, 2014 | Natasha Alperowicz

Mexichem has reported a 52% decrease in second-quarter net earnings, $50 million, hurt by foreign exchange and higher amortization following acquisitions. Net income from continuing operations was $53 million compared with $111 million in the second quarter...


China to curb investment in small-scale coal-based projects

Olin earnings down on weak chlor-alkali

S-Oil swings to profit, to diversify portfolio with olefins complex

More Top of the News...

This week

PTT Global Chemical: Seeking to double sales and grow overseas


PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and Asia’s eighth-largest chemicals player, has a clear strategy to reinforce its leadership position at home and grow overseas. Bowon Vongsinudom, president and CEO of PTTGC since 1 October 2013, describes PTTGC’s plans and aspirations to CW...read more>>

Americas

SAFC reports rise in second-quarter sales

2:21 AM MDT | July 25, 2014 | Deepti Ramesh

SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich, reports a 2.4% increase in sales in the second quarter of 2014 compared with the year-ago quarter, to $172 million. Earnings figures for the business have not been...

Europe

PhosAgro reports higher production on strong fertilizer demand

3:03 AM MDT | July 25, 2014 | Natasha Alperowicz

PhosAgro (Moscow), a leading fertilizer producer, says production and sales in the first half of this year rose 3.4% and 3.9%, respectively. Production reached 3.08 million m.t. and sales 3.08 million m.t. The production of phosphate fertilizers increased...

news round-up

Chemical industry weekly news roundup, 25 July

Earnings season is in full swing as several companies reported results this week. BASF reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Dow Chemical's second-quarter results beat estimates as margins improved in its performance plastics segment and sales increased across all...

Asia/Pacific

FMC opens innovation center at Shanghai

2:44 AM MDT | July 25, 2014 | Deepti Ramesh

FMC says it has opened its Asia Innovation Center in the Zhangjiang Hi-Tech Park in the Pudong district of Shanghai. The new facility serves as the company's hub for R&D, technical innovation, operational support, and executive management in Asia/Pacific...

Mideast/Africa

Takween Advanced Industries to acquire Savola's plastics packaging business

3:17 AM MDT | July 23, 2014 | Natasha Alperowicz

The Savola Group (Jidda, Saudi Arabia) on Tuesday signed a nonbinding memorandum of understanding (MOU) and commenced exclusive discussions with Takween Advanced Industries (Al Khobar, Saudi Arabia) to sell Savola's wholly owned packaging subsidiary. The...

Viewpoint

The price for growth

5:08 PM MDT | July 17, 2014

Albemarle’s $6.2-billion offer for Rockwood underscores the cost of building or maintaining a high-margin growth franchise in specialty chemicals (p. 7). Albemarle says the price represents an 11.3-times multiple of Rockwood’s pro forma 2014 enterprise value to Ebitda, adjusted to include expected cost savings of $100 million. J.P.Morgan estimates that, exclusive of synergies, Albemarle is paying a rich 15.5-times multiple of 2015 enterprise value-to-Ebitda for Rockwood....











 
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