IHS Chemical Week

The latest chemical industry news

Ashland earnings fall, but adjusted earnings beat estimates

4:13 PM MDT | July 31, 2014 | Vincent Valk

Ashland today reported fiscal third-quarter earnings from continuing operations down 20% year-on-year (YOY), to $71 million, or 90 cts/share, on sales down 1%, to $1.6 billion. Adjusted earnings from continuing operations – which exclude restructuring...

Air Liquide's quarter-two revenue down 2.4%

5:43 AM MDT | July 31, 2014 | Francinia Protti-Alvarez

Air Liquide reported €3.77 billion in revenues during the second quarter, down 2.4% year-on-year (YOY), according to the company's results published today. The figures exclude foreign exchange, cost of natural gas, and significant M&A impacts...


Evonik Industries reports lower earnings, confirms outlook

Solvay reports 2% rise in sales, adjusted Ebit jumps 56%, confirms full-year outlook

Sumitomo Chemical reports huge rise in profits

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

Solvay to sell Eco Services sulfuric acid business to CCMP Capital Advisors

4:29 AM MDT | July 31, 2014 | Michael Ravenscroft

Solvay says it has signed a binding agreement to sell its US-based sulfuric acid virgin production and regeneration business Eco Services to CCMP Capital Advisors, following a bidding process.  The transaction terms correspond to an enterprise value of...

Europe

Mitsubishi Rayon acquires majority stake in German producer of carbon fiber reinforced plastic auto parts

12:05 AM MDT | July 31, 2014 | Deepti Ramesh

Mitsubishi Rayon says it has signed an agreement with Cross Industries (Wels, Austria), to acquire a 51% stake in its subsidiary, Wethje Holding (Hengersberg, Germany), a company engaged in manufacturing carbon fiber reinforced plastic (CFRP) parts for...

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

Ube widens loss

7:31 AM MDT | July 31, 2014 | Deepti Ramesh

Ube Industries reports a net loss of about ¥1.1 billion ($10.7 million) in its fiscal first quarter ended 30 June, compared with a net loss of ¥200 million in the year-ago quarter. Sales in the first quarter decreased 3.2%, to ¥148.5 billion...

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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