IHS Chemical Week

The latest chemical industry news

DuPont earnings up 1% despite revenue slip on weak ag results

11:10 AM MDT | April 17, 2014 | Robert Westervelt

DuPont reports first-quarter operating earnings of $1.5 billion, up 1% year-on-year (YOY), as weaker agriculture results offset gains in other segments. Operated earnings of $1.58/share, were up 1% from the year-ago quarter. Reported results were in line with analyst estimates as reported by Thomson Reuters (New York), which had been lowered in recent weeks after DuPont said first-quarter results would be hurt due to winter storms in North America and business disruptions in Ukraine....

Platform acquires Chemtura's agrochemicals business for $1 billion

10:58 AM MDT | April 17, 2014 | Francinia Protti-Alvarez

Platform Specialty Products (PSP; Waterbury, CT), has entered into a definitive agreement to acquire Chemtura's agrochemicals business for $1 billion. The price consists of $950 million in cash, plus 2 million shares of PSP's common stock, PSP...

AkzoNobel's first-quarter net income up on lower financing costs

SI Group to acquire Albemarle's antioxidants and ibuprofen business

PPG earnings beat estimates on higher volumes

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>>


PPG earnings beat estimates on higher volumes

9:28 AM MDT | April 17, 2014 | Vincent Valk

PPG today reported net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings, excluding a small restructuring charge, totaled $1.98/share, beating...


Evonik announces leadership changes

4:27 AM MDT | April 16, 2014 | Deepti Ramesh

Evonik Industries today announced leadership changes in some of the company’s businesses. Gregor Hetzke will head Evonik’s advanced intermediates business unit, effective 1 June. Hetzke succeeds Jan Van den Bergh, who has managed the unit since...

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%...


Teijin’s new company in China for fiber and textile R&D becomes operational

3:29 AM MDT | April 17, 2014 | Deepti Ramesh

Teijin says that its previously announced new company —Teijin Product Development China — for fiber and textile product R&D, will become operational at Nantong on 18 April. Teijin Product Development China is located on the premises of Nantong...


Asian Paints to acquire majority stake in Ethiopia’s Kadisco Chemical

1:34 AM MDT | April 17, 2014 | Deepti Ramesh

India’s largest paints company Asian Paints (Mumbai) informed the Bombay Stock Exchange (Mumbai) that it has signed an agreement with the shareholders of Kadisco Chemical Industry (Addis Ababa), to acquire a 51% stake in Kadisco. Kadisco manufactures...


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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