IHS Chemical Week

The latest chemical industry news

Ecolab beats estimates on solid sales growth, narrows guidance

11:37 AM MDT | July 29, 2014 | Vincent Valk

Ecolab today reported adjusted net income up 46% year-on-year (YOY), to $311.4 million, on net sales up 7%, to $3.57 billion. Adjusted income totaled $1.03/share, slightly ahead of analysts’ consensus estimate of $1.02/share, as reported by Thomson...

Linde reports lower profits and revenues, confirms outlook

7:37 AM MDT | July 29, 2014 | Natasha Alperowicz

Linde (Munich), the gases and engineering group, today reported a 4.3% drop in second-quarter adjusted operating profit, to €969 million ($1.30 billion), on 1.3% lower revenues of €4.17 billion. Operating margin in the quarter was 23.3% compared...


RPM earnings rise, subsidiary agrees to settle asbestos claims

UK government invites bids for large-scale shale fracking

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

Chemtura misses estimates despite higher sales

4:38 PM MDT | July 29, 2014 | Vincent Valk

Chemtura today reported second-quarter earnings up 59% year-on-year (YOY), to $43 million, on sales up 3%, to $609 million. Earnings from continuing operations totaled $30 million, or 32 cts/share, up 20% YOY, but short of analysts’ consensus estimate...

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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