IHS Chemical Week

The latest chemical industry news

Shell to cut 6,500 jobs group-wide in response to continued low oil prices

6:29 AM MDT | July 30, 2015 | Ian Young

Royal Dutch Shell says that it will cut 6,500 jobs this year, almost 7% of its total workforce, as part of additional cost-cutting plans designed to offset the impact of a prolonged period of low oil prices. Shell also plans to reduce capital expenditure...

Teijin reports huge rise in profits

12:25 AM MDT | July 31, 2015 | Deepti Ramesh

Teijin reports nearly a sevenfold increase in net profits for its fiscal first quarter, ended 30 June 2015, compared with the year-ago quarter, to ¥11.19 billion ($90.3 million). First-quarter sales increased 5.9%, to ¥192.5 billion due to higher...


Improved trading conditions lift Mitsui Chemicals earnings

Versalis swings to profit; benefits from shutdowns, Porto Marghera restart

Strong Swiss franc weighs on Clariant's second-quarter results, earnings soar in local currencies

More Top of the News...

This week

Capital markets and chemicals: Stock markets trading high

Stock markets have been on a tear since the financial crisis—and chemical companies have reaped the rewards. But, with solid margins and a favorable operating environment, valuations have been stronger than the broader market for many chemical producers...read more>>

Americas

Air Products earnings beat estimates despite sales decline

9:04 AM MDT | July 30, 2015 | Vincent Valk

Air Products today reported fiscal third-quarter net income up 2% year-on-year (YOY), to $318.8 million, or $1.47/share, on sales down 6%, to $2.47 billion. Excluding restructuring and pension charges, earnings totaled $1.65/share, up 13% YOY and ahead of...

Europe

Quaker acquires specialty grease and lubricants manufacturer in Spain

7:07 AM MDT | July 30, 2015 | Deepti Ramesh

Quaker Chemical (Conshohocken, PA) says that it has acquired Verkol (Bera, Spain), a leading specialty grease and lubricants manufacturer and marketer based in Northern Spain, for $40.1 million, including net cash of $10.5 million. Verkol sells products into...

news round-up

Univar floats as Axiall-Lotte cracker plans resurface, June 19

Univar priced an initial public offering of 35 million shares at $22.00 on 18 June, raising $770 million for the company and selling stockholders. Interest from investors was strong, allowing the company to increase the size of the offering by 75%, to 35 million shares, says Univar CEO Erik Fyrwald.

Asia/Pacific

Tosoh reports huge increase in profits

12:27 AM MDT | July 31, 2015 | Deepti Ramesh

Tosoh reports more than a fivefold increase in net profits for its fiscal first quarter ended 30 June 2015 compared with the year-ago quarter, to ¥11.4 billion ($92 million). First-quarter sales increased 3.2%, to ¥183.8 billion. Sales increased...

Mideast/Africa

Saudi methanol producer swings to loss on price decline

4:31 AM MDT | July 30, 2015 | Natasha Alperowicz

Methanol Chemicals Co. (Chemanol) reported a second-quarter net loss of 21.41 million Saudi riyals ($5.7 million) compared with a net profit of SR15.86 million in the year-earlier quarter. The company reported an operating loss of SR6.8 million compared with...

Viewpoint

Chemical equities on a roll

4:21 PM MDT | July 16, 2015 | —Robert Westervelt

From the outhouse to the penthouse—chemical stocks, especially in the United States, have been flying high along with the broader market (p. 23) after a long period of relative underperformance in the late 1990s and early 2000s....











 
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