IHS Chemical Week

The latest chemical industry news

LyondellBasell beats estimates with 23% YOY increase in net income

11:24 AM MDT | April 24, 2015 | Clay Boswell

LyondellBasell reports first-quarter net income of $1.164 billion, up 23% year-over-year (YOY) from $944 million as increased volumes and margins offset price declines. Sales totaled $8.185 billion, down 26% from $11.135 billion. Earnings of $2.41/share beat the consensus estimate of $2.12/share as compiled by Thomson Reuters (New York)....

Air Liquide's sales rise on currency effects, offsetting weaker energy

12:53 PM MDT | April 24, 2015 | Francinia Protti-Alvarez

Air Liquide today reported €3.99 billion ($4.29 billion) in sales for the first quarter, up 7% year-on-year (YOY), benefiting from a positive 7.3% currency impact that was partly offset by a negative 3.6% energy impact. The company has not reported...

Europe styrene spot prices start to cool, but contract hike expected

Kemira announces increases in sales, profit, and margin; maintains outlook for 2015

South Korea's benzene exports to China will exceed 95,000 m.t. in April for fourth straight month

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This week

Distribution: Riding out volatility

Chemical distributors rode out a turbulent period in Europe during 2014, relying once again on their robust business model and ability to control costs. A spike in M&A activity, in Europe and elsewhere, reflected greater liquidity and availability of debt financing. Distributors expect an upturn at the end of last year to continue throughout 2015...read more>>


CB&I, Toyo Engineering confirm contracts for Shin-Etsu’s ethane cracker project in US

12:11 AM MDT | April 24, 2015 | Deepti Ramesh

Toyo Engineering (Narashino, Japan) today confirmed that it has been awarded a contract by Shin-Etsu Chemical’s Shintech subsidiary in the United States to construct the previously announced ethane cracker at Plaquemine, LA. Shin-Etsu announced earlier...


Tessenderlo's earnings rise on firm ag markets

5:56 AM MDT | April 24, 2015 | Ian Young

Tessenderlo Group (Brussels) says that its recurring Ebitda (Rebitda) increased 21% in the first quarter compared with the corresponding period of last year, to €46 million, on sales up 2%, to €406 million. Favorable market conditions in the...

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. ...


Toray completes tender offer for former Woongjin Chemical

12:16 AM MDT | April 24, 2015 | Deepti Ramesh

Toray Industries says that its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) has acquired additional shares in Toray Chemical Korea (Seoul), formerly Woongjin Chemical, through the previously announced tender offer. The tender offer was...


Sahara and Ma'aden complete turnaround of Samapco facilities

1:14 AM MDT | April 23, 2015 | Natasha Alperowicz

Sahara and Ma’aden, equal owners in Sahara and Ma’aden Petrochemical Co. (Samapco), said today that they have completed a prescheduled turnaround at their chlor-alkali and ethylene dichloride (EDC) manufacturing complex at Al Jubail, Saudi Arabia...


Material gains

4:49 PM MDT | April 23, 2015

First-quarter performance for US chemical makers has been okay so far despite nasty currency impacts (pp. 7, 9). A strong dollar weighed down revenues, but most segments, with agriculture as a notable exception, posted solid results....

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