IHS Chemical Week

TOP STORIES

Dow beats estimates on consumer, infrastructure margin gains, strong plastics volume

7:57 AM MDT | July 28, 2016 | Robert Westervelt

Dow says it is the 15th consecutive quarter of YOY Ebitda margin expansion and 11th consecutive quarter of YOY volume growth....

SABIC and ExxonMobil join forces in petchems project on US Gulf Coast (UPDATE)

8:06 AM MDT | July 25, 2016 | Natasha Alperowicz

SABIC and ExxonMobil Chemical have announced that they are considering the potential development of a jointly owned petrochemical complex on the US Gulf Coast. The proposed complex would include one of the world's largest steam crackers capable of pr...

Clariant reports higher second-quarter profit, sales on favorable product mix; confirms full-year outlook

12:31 AM MDT | July 28, 2016 | Natasha Alperowicz

Clariant AG on Thursday reported second-quarter EBITDA rose 2% before exceptional items in local currency, to 215 million Swiss francs ($218 million). The EBITDA margin before exceptional items expanded 10 basis points, to 15.1%, in the qua...

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FEATURES

M&A: The path ahead

Large-scale mergers and acquisitions (M&A) continue to transform industry. While the parade of multibillion dollar deals cannot go on forever, dealmakers expect the strong activity to continue for the foreseeable future....Read more »

UPCOMING WEBCAST

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LATEST NEWS

Americas

Eastman misses estimates, lowers outlook for 2016

7:02 PM MDT | July 28, 2016 | Rebecca Coons

Eastman Chemical reports net earnings down 14.0% year-on-year (YOY) to $257 million, on steep declines in chemical intermediates and fibers. Adjusted earnings of $1.68/share were down 16.4% YOY and missed the analysts’ consensus estimate of $1.73/share...

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Europe

Wacker reports flat sales, lower income on price declines in polysilicon and semiconductors

1:49 AM MDT | July 28, 2016 | Natasha Alperowicz

Wacker Chemie AG (Munich) today reported a 45.6% drop in second-quarter net profit to €58.9 million ($65.3 million) on 1.1% higher sales of €1.39 billion. Earnings per share came in at €1.15, well down the €2.21 a year earlier....

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Same-Day Analysis

Dow beats estimates on margin gains, strong plastics volume

12:35 PM MDT | July 28, 2016

Dow Chemical reports net income of $3.1 billion, up 175% from the year-ago quarter due mainly to the impact of a $2.3-billion gain related to its Dow Corning ownership restructure. Excluding one-time items, second quarter earnings were $1.1 billion, up 1%...

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Asia

Orica to export and destroy hexachlorobenzene waste in Finland

12:36 AM MDT | July 28, 2016 | Deepti Ramesh

Orica Ltd. (Melbourne, Australia) announced on 28 July that it has applied to the Australian government to export an initial 135 metric tons of hexachlorobenzene waste currently stockpiled at the company’s Botany Industrial Park site in Sydney...

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Mid East

SABIC's earnings down on lower prices, impairment charge at Ibn Rushd

7:23 AM MDT | July 27, 2016 | Natasha Alperowicz

SABIC today announced a 23.2% drop in second-quarter net profit to 4.74 billion Saudi riyals ($1.26 billion) compared with the year-earlier quarter. Operating profit was down 25.9% to 6.95 billion riyals. In the first six months of this year, net profit was...

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