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...


Demand growth and transformational initiatives boost Lonza’s first-quarter performance

Mesaieed Petrochemical reports first quarter results

Uralchem reports lower sales and earnings

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>>

Americas

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...

Europe

PhosAgro raises fertilizer output in first quarter

1:11 AM MDT | April 24, 2014 | Natasha Alperowicz

PhosAgro (Moscow) reported higher first-quarter results with fertilizer output up 5.2% and sales 0.6% higher compared with the corresponding period of 2013. Total fertilizer output reached 1.6 million m.t. Phosphate fertilizers production was up 4.3% to 1.23...

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%...

Asia/Pacific

Celanese adds PPS compounding capability at Nanjing site

12:17 AM MDT | April 24, 2014 | Deepti Ramesh

Celanese says that it will expand its compounding capabilities at its Nanjing, China, integrated chemical complex to include its Fortron polyphenylene sulfide (PPS). The PPS compounding expansion is expected to be operational by the end of 2014. “The...

Mideast/Africa

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...

Viewpoint

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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