IHS Chemical Week


BASF's sales and earnings hurt by oil and gas, agchems; full-year outlook confirmed

1:07 AM MDT | July 27, 2016 | Natasha Alperowicz

BASF today reported a big drop in second-quarter sales and earnings. Net income was down 14%, to €1.09 billion ($1.2 billion), EBIT before special items was 16% lower at €1.71 billion, and Ebitda was 7% down, to €2.79 billion...

Mitsubishi Chemical confirms divestment of PTA assets in India, China

4:55 AM MDT | July 27, 2016 | Natasha Alperowicz

Mitsubishi Chemical Holdings today confirmed that it is divesting its purified terephthalic acid (PTA) assets in India and China. The Indian assets are being sold to the Chatterjee Group (New York) and the operations in China, including a polyte...

Bayer reports higher earnings on life-science growth despite weaker agchem results, full-year earnings forecast raised

2:20 AM MDT | July 27, 2016 | Natasha Alperowicz

Bayer today posted higher second-quarter earnings and said it was raising its full-year earnings forecast. Net income was up 18.6%, to €1.38 billion ($1.52 billion), Ebitda 5.7% higher at €3.05 billion, and EBIT 17.3% higher at €2...

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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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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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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...

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Siam Cement’s chemicals business reports higher profits on improved margins, currency effects

1:52 AM MDT | July 27, 2016 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), says that net profits increased 22% in the second quarter of 2016 compared with the year-ago quarter, to 11.2 billion baht ($320 million) as a result of better margins with lower...

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Mid East

SABIC's earnings down on lower prices, impairment charge at Ibn Rushd

7:23 AM MDT | July 27, 2016 | Natasha Alperowicz

SABIC today announced a 23.2% drop in second-quarter net profit to 4.74 billion Saudi riyals ($1.26 billion) compared with the year-earlier quarter. Operating profit was down 25.9% to 6.95 billion riyals. In the first six months of this year, net profit was...

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