IHS Chemical Week

The latest chemical industry news

DuPont earnings fall on currency impacts, but beat estimates

8:39 AM MDT | April 21, 2015 | Vincent Valk

DuPont today reported net income down 28% year-on-year (YOY), to $1.03 billion, on net sales down 9%, to $9.17 billion. Operating earnings totaled $1.34/share, beating analysts’ consensus estimate of $1.31/share, as reported by Thomson Reuters (New...

AkzoNobel's earnings soar in first quarter, lower volumes hinder sales

5:51 AM MDT | April 21, 2015 | Francinia Protti-Alvarez

AkzoNobel reported €163 million ($175.5 million) in net profit from continuing operations for the first quarter of 2015, up 29% year-on-year (YOY). Ebitda was also up, by  27% YOY, to €462 million. Sales grew by a more moderate 6%, to...


Tate & Lyle to close Singapore sucralose plant, exit European bulk ingredients jv with ADM

Sabic proceeds with plans to import US ethane feedstock for UK cracker

FMC completes $1.8-billion acquisition of Danish crop protection chemicals maker Cheminova

More Top of the News...

This week

Japan: Weaker yen, cheaper crude boost results as reforms advance

Japan’s chemical industry had a solid 2014 despite anemic conditions in the country’s overall economy. Large chemical makers gained despite Japan’s GDP declining 0.1%. Industry has offset domestic malaise through stronger exports since...read more>>

IHS Chemical Week most read stories

Americas

K+S awards additional contract for potash project in Canada

7:28 AM MDT | April 20, 2015 | Francinia Protti-Alvarez

Aecon Group (Toronto) has been awarded a contract by K+S (Kassel, Germany) for additional work on K+S's Legacy potash mining project in Saskatchewan. Work will begin in the second quarter of 2015 and is expected to be completed in the second quarter of 2016...

Europe

Cytec opens facility in France to manufacture process materials kits

4:29 AM MDT | April 21, 2015 | Deepti Ramesh

Cytec Industries says that it has opened a new kitting facility based at Toulouse, France, adjacent to its existing process materials site. The facility will manufacture large vacuum bagging consumable kits for applications such as aircraft wings or wind...

news round-up

Assessing crude's impact on Q4, January 23

Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the outlook for 2015 will be cautious. In research notes, the analysts cite a range of factors driving industry performance, but the recent collapse of crude oil pricing stands out. A majority of US chemical makers report are set to report fourth-quarter earnings over the next two weeks. ...

Asia/Pacific

Mitsui & Co. enters into agreement with research center in Japan to develop new production methods for carbon fiber composite materials

2:00 AM MDT | April 21, 2015 | Deepti Ramesh

Mitsui & Co. says that it has entered into a cooperation agreement and an equipment lease agreement with the Innovative Composite Materials Research and Development Center (ICC; Hakusan, Japan) of the Kanazawa Institute of Technology (KIT), to carry out...

Mideast/Africa

Sipchem commissions PBT plant at Al Jubail

1:16 AM MDT | April 21, 2015 | Natasha Alperowicz

Saudi International Petrochemical Co. (Sipchem; Al Khubar) today announced its affiliate Sipchem Chemical Co. has started up a polybutylene terephthalate (PBT) plant. The 63,000-m.t./year facility, located at Al Jubail, started up after equipment and product...

Viewpoint

Asia olefins revamp

4:39 PM MDT | April 16, 2015

Japan’s chemical industry had a solid 2014 despite the anemic conditions in the broader Japanese economy. A weaker yen and cheaper crude, which has improved the relative competitiveness of Japan’s high-cost naphtha-based production, are the reasons for the improved performance (p. 21)....











 
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