IHS Chemical Week

TOP STORIES

DuPont beats estimates, expects ag to remain challenging

7:16 AM MDT | July 26, 2016 | Rebecca Coons

DuPont increased second-quarter earnings and beat analysts’ estimates on a 2% increase in overall volumes and cost-savings efforts. Net income increased 8.3% year-on-year (YOY), to $1.0 billion. Adjusted earnings of $1.24/share was up 13.7% ...

Covestro reports improved second-quarter earnings on higher volumes, raises outlook

12:11 AM MDT | July 26, 2016 | Natasha Alperowicz

Covestro AG (Leverkusen, Germany), formerly Bayer MaterialScience, on Tuesday reported second-quarter net profit rose 51.3%, to €230 million ($253 million), with EBITDA rising 23.5% to €542 million. However, sales were down 6.9%, to €2...

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

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

SABIC and ExxonMobil said today that they are considering the potential development of a jointly owned petrochemical complex on the US Gulf Coast. The potential petrochemical complex would include an ethylene production unit, which will supply feedst...

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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 »

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LATEST NEWS

Americas

DuPont CEO: Ready for concessions if necessary to secure EU approval for Dow-DuPont deal

11:32 AM MDT | July 26, 2016 | Rebecca Coons

DuPont CEO Ed Breen says that its $130-billion merger with Dow Chemical remains on track to close by the end of the year, and the two companies are "ready on remedies, if that were needed," to secure approval from EU antitrust regulators. The...

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Europe

Highfield Resources signs potash offtake agreements for Spanish mine

2:06 AM MDT | July 26, 2016 | Natasha Alperowicz

Highfield Resources (Pamplona, Spain) has named the offtakers of its future output from the Muga potash mine in northern Spain. The nonbinding agreements with fertilizer traders are with Keytrade AG, Ameropa AG, and Trammo Inc. The offtake agreement will...

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Same-Day Analysis

DuPont beats estimates, expects ag to remain weak

1:17 PM MDT | July 26, 2016

DuPont reports higher second-quarter earnings and beat analysts’ estimates on a 2% increase in overall volumes and cost-savings efforts. Net income increased 8.3% year-on-year (YOY), to $1.0 billion. Adjusted earnings of $1.24/share was up 13.7% YOY and...

More same-day analysis »

Asia

DyStar to set up global textile dyes innovation center, pilot plant in China

2:31 AM MDT | July 26, 2016 | Natasha Alperowicz

DyStar, a major textile dyes producer, has announced plans to set up a new global innovation center at its DyStar Nanjing Colours Co. Nanjing, China site. It will incorporate laboratories for R&D, process technology development and scale-up labs for...

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Mid East

Tasnee returns to profit following major restructuring

2:20 AM MDT | July 26, 2016 | Natasha Alperowicz

National Industrialization Co. (Tasnee) on Tuesday reported second-quarter and six-month returned to net profit following restructuring and job cuts implemented by new CEO Mutlaq al-Morished. The net profit in the second quarter was 103.9 million Saudi riyals...

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