IHS Chemical Week

The latest chemical industry news

FMC beats estimates as cost cuts offset ag weakness

4:20 PM MST | February 10, 2016 | Vincent Valk

FMC today reported a fourth-quarter net loss of $204 million, compared with a profit of $77 million in the year-ago quarter, mostly due to restructuring charges. Revenues fell 1% year-on-year (YOY), to $899 million. Excluding charges, adjusted earnings...

AkzoNobel achieves 2015 targets, fourth-quarter earnings miss estimates

9:05 AM MST | February 10, 2016 | Ian Young

AkzoNobel has achieved its full-year 2015 profitability targets following a restructuring that began more than three years ago. However, the company’s fourth-quarter 2015 earnings missed analysts’ estimates due to challenging market conditions...


Lanxess-Saudi Aramco synthetic rubber JV to be launched on 1 April under the name Arlanxeo

Monsanto to pay $80 million to settle SEC accounting charges

Evonik to build nylon-12 powder line at Germany site, increasing capacity 50%

More Top of the News...

IN THE MAGAZINE

Pharma ingredients: New therapies, faster approvals drive growth


Business is picking up for the active pharmaceutical ingredients (APIs) industry, and the outlook for the pharma supply chain is positive for the next few years, according to industry association European Fine Chemicals Group (EFCG; Brussels).......read more>>

Americas

Axalta misses estimates as currency outweighs higher volumes

9:44 AM MST | February 10, 2016 | Vincent Valk

Axalta today reported fourth-quarter net income of $38.6 million, compared with a net loss of $2.2 million in the year-ago quarter, on higher volumes and selling prices, and a reduction in expenses. Negative currency impacts hit results, however. Net sales...

Europe

Victrex reports 'soft' first-quarter, expects stronger second half

3:14 AM MST | February 10, 2016 | Natasha Alperowicz

Victrex (Thornton Cleveleys, UK), the leading producer of poletheretherketone (PEEK) on Wednesday released its first quarter management statement, ahead of its annual general meeting today. The company’s financial year ends 30 September. Revenue in the...

news round-up

DuPontDow: 1+1=3

The combination of Dow Chemical and DuPont, announced 11 December, brings together two American corporate icons that have driven and helped define much of the global chemical industry’s development for more than 100 years.


Asia/Pacific

Gail’s petrochemical business reports huge fall in sales

12:53 AM MST | February 10, 2016 | Deepti Ramesh

The petrochemical business of Gail India (New Delhi), a natural gas company, reports a 41.5% decrease in sales in the fiscal third quarter, ended 31 December 2015, compared with the year-ago quarter, to 7.28 billion Indian rupees ($107 million). The...

Mideast/Africa

Kuwait Styrene's profit dives on price decline, turnaround

3:55 AM MST | February 9, 2016 | Natasha Alperowicz

Kuwait Styrene Co. (Kuwait City), a joint venture between Kuwait Aromatics Co. and Dow Chemical and the only producer of styrene in Kuwait, on Tuesday announced a 23% decline in 2015 net profit to $97 million, compared with the year before. Despite a...

Viewpoint

Fine chemicals

4:37 PM MST | February 1, 2016 | —Robert Westervelt

Our cover story this week focuses on the fine chemical sector as it prepares for Informex in New Orleans from 2–4 February....











 
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