IHS Chemical Week

The latest chemical industry news

Dow reports 75% gain in first-quarter net income, handily beats estimates

1:29 PM MDT | April 23, 2014 | Clay Boswell

Dow Chemical reports higher first-quarter profits, driven by gains in most segments as well as productivity and cost-control actions. Adjusted earnings of 79 cts/share increased 14% year-on-year (YOY), easily beating the analysts’ consensus estimate of 70 cts/share. Sales increased 1% YOY, to $14.5 billion. Net income increased 75% YOY, to $964 million....

Praxair earnings up on North American, chemicals growth

1:58 PM MDT | April 23, 2014 | Lindsay Frost

Praxair had first-quarter net income of $448 million, up 8% year-on-year (YOY). Reported earnings of $1.51/share are in line with analyst consensus, according to Thomson Reuters (New York). Sales in the quarter were up 5% YOY, to $3.03 billion, driven by...

Air Products earnings down, sales up in second quarter

ICL to invest in major expansion of polyhalite potash capacity in the UK

Kemira reports lower sales and earnings, starts up coagulants plant in Spain

More Top of the News...

This week

Managing specialties:
Back in the US of A

While the primary beneficiaries of shale gas have been North American commodity chemical producers, specialties makers, too, hope for cheaper raw materials and a lift for US industrial production because of cheap energy costs. Growth in automotive and construction and rising costs in high-growth economies are also making North America more competitive...read more>>


Ferro beats estimates, raises full-year guidance

3:03 PM MDT | April 23, 2014 | Vincent Valk

Ferro today reported first-quarter net income of $17.2 million, compared with $883,000 in the year-ago quarter. Adjusted earnings totaled 19 cts/share, nearly double the year-ago quarter’s earnings, which were hit by a loss from discontinued operations...


ThyssenKrupp to supply fertilizer plant to Hungary

7:09 AM MDT | April 22, 2014 | Natasha Alperowicz

ThyssenKrupp's industrial solutions segment announced today that it has been awarded a fertilizer plant contract by Nitrogénmüvek, a Hungarian producer of fertilizers. The contractor will deliver a granulation plant with a capacity of 1,550...

news round-up

Chemical industry weekly news roundup, 11 April

Several companies reported first quarter earnings this week as the season begins. Givaudan (Geneva) recorded sales of 1.09 billion Swiss francs ($1.24 billion). The results are down 0.2% in Swiss franc terms compared with figures reported in the first quarter of last year. Leading potash producer Uralkali (Berezniki, Russia) says its 2013 net profit dropped 58%...


Reliance secures credit facility of up to $550 million from Japan banks for petchem expansion program

7:09 AM MDT | April 23, 2014 | Francinia Protti-Alvarez

The Japan Bank for International Cooperation (JBIC; Tokyo) has extended a syndicated loan of up to $330 million to establish an export credit line with Reliance Industries, JBIC announced today. The credit line is cofinanced up to $220 million by a club of...


Sabic's first-quarter profit declines, shortage of gas is major constraint on growth

3:06 PM MDT | April 21, 2014 | Natasha Alperowicz

Sabic on Sunday reported a drop in first quarter earnings and said that a shortage of natural gas was limiting its domestic growth. Net profit was down 1.8% to 6.44 billion Saudi riyals ($1.72 billion) compared with the year-earlier period. CFO Mutlaq Al...


Europe picks up slack

4:01 PM MDT | April 17, 2014

The first batch of US first-quarter earnings reports has been solid, since industrial production continues to accelerate despite weaker growth in emerging markets and weather-related impacts in the United States (p. 9). Some of the more encouraging signs are now coming from Europe....

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