IHS Chemical Week

The latest chemical industry news

Bayer reports higher income and revenue, upholds full-year forecast

1:27 AM MDT | July 30, 2014 | Natasha Alperowicz

Bayer today reported a 13.3% rise in second-quarter net income to €953 million ($1.28 billion) on 1% higher sales of €10.46 billion. Ebitda before special items was down 1.4% to €1.52 billion. The company reported sales growth in all its...

Clariant confirms outlook on improved second-quarter results

2:01 AM MDT | July 30, 2014 | Natasha Alperowicz

Clariant’s second-quarter net income from continuing operations was up 17% to 83 million Swiss francs ($91.5 million) while revenues from continuing operations declined 1% to SF1.53 billion, the company said today. Sales in local currencies were up 6%...


Ecolab beats estimates on solid sales growth, narrows guidance

RPM earnings rise, subsidiary agrees to settle asbestos claims

Lenzing starts up large Tencel fiber plant in Austria

More Top of the News...

This week

PTT Global Chemical: Seeking to double sales and grow overseas


PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and Asia’s eighth-largest chemicals player, has a clear strategy to reinforce its leadership position at home and grow overseas. Bowon Vongsinudom, president and CEO of PTTGC since 1 October 2013, describes PTTGC’s plans and aspirations to CW...read more>>

Americas

Johnson Matthey builds catalyst plant in Brazil

1:01 AM MDT | July 30, 2014 | Deepti Ramesh

Johnson Matthey announced on 29 July that it has established a site for a new catalyst plant in Brazil. The new plant, which will be part of Johnson Matthey Process Technologies, will initially manufacture catalysts for hydrogen production. The facility is...

Europe

Elementis's profits and revenues rise

3:58 AM MDT | July 29, 2014 | Natasha Alperowicz

Elementis today announced its interim six-month results, reporting a 5% rise in operating profit, to $76.8 million. Sales were up 3%, to $400 million, while operating margin, at 19%, remained the same as in the first six months of 2013. “Elementis has...

news round-up

Chemical industry weekly news roundup, 25 July

Earnings season is in full swing as several companies reported results this week. BASF reported a 12.3% increase in second-quarter net income, to €1.3 billion ($1.7 billion), on 0.6% higher sales, €18.5 billion. Dow Chemical's second-quarter results beat estimates as margins improved in its performance plastics segment and sales increased across all...

Asia/Pacific

Court fines Orica for pollution incidents

6:53 AM MDT | July 29, 2014 | Deepti Ramesh

The Environment Protection Authority (EPA) of the state of New South Wales (NSW) in Australia announced on 28 July that Orica (Melbourne) has been convicted and penalized A$768,250 ($721,387) by the Land and Environment Court of NSW in relation to charges...

Mideast/Africa

Total sells South African coal mining assets

8:24 AM MDT | July 28, 2014 | Natasha Alperowicz

Total announced today that it has signed an agreement with Exxaro Resources (Pretoria) to sell its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa, for $472 million. The sale is subject South African authorities'...

Viewpoint

The price for growth

5:08 PM MDT | July 17, 2014

Albemarle’s $6.2-billion offer for Rockwood underscores the cost of building or maintaining a high-margin growth franchise in specialty chemicals (p. 7). Albemarle says the price represents an 11.3-times multiple of Rockwood’s pro forma 2014 enterprise value to Ebitda, adjusted to include expected cost savings of $100 million. J.P.Morgan estimates that, exclusive of synergies, Albemarle is paying a rich 15.5-times multiple of 2015 enterprise value-to-Ebitda for Rockwood....











 
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