IHS Chemical Week

The latest chemical industry news

Bayer raises 2014 profit forecast, on track to float MaterialScience

4:34 AM MDT | October 30, 2014 | Natasha Alperowicz

Bayer said today that it has increased its 2014 profit forecast following a stronger-than-expected third quarter. It now expects core earnings per share (EPS) to grow by a mid-to-high single digit percentage, instead of the mid- single-digit growth expected...

Linde downgrades outlook as third-quarter profit falls by half

8:26 AM MDT | October 30, 2014 | Francinia Protti-Alvarez

Linde has revised down its outlook for 2014 due to weaker market conditions. The company says it will no longer be able to achieve the target it had set itself for 2014 of a return on capital employed (ROCE) of about 10%. Linde now expects to achieve a...

Evonik reports third-quarter sales of $4.13 billion, up 1%; Ebitda decreases by 3%

Clariant swings to profit, confirms medium-term targets

Wacker raises third-quarter sales and profits, expects full-year Ebitda of €1 billion

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This week

Latin America:
Are energy, legal, and financial reforms enough to satisfy the petrochemical industry’s needs?

Latin America offers distinct opportunities to the petrochemical industry. Energy reforms and legal and financial changes being introduced or planned in the leading economies—although at differing stages of development—form a key part of a framework that would guarantee access to competitively priced raw materials....read more>>


Cambrex reports rise in profits

5:48 AM MDT | October 30, 2014 | Deepti Ramesh

Cambrex (East Rutherford, NJ) reports a more than doubling in net profits for the third quarter of 2014 compared with the third quarter of 2013, to $8.76 million. Third-quarter sales increased 4.1%, to $80.64 million. The company recorded sales increases in...


Versalis narrows losses on lower feedstock costs

6:30 AM MDT | October 30, 2014 | Natasha Alperowicz

Versalis (Milan), the chemicals subsidiary of ENI (Rome), today reported a slight improvement in third-quarter operating and net losses. The company reported an adjusted operating loss of €98 million ($123.3 million), an improvement of 11.7% on the...

news round-up

Chemical industry weekly news roundup, 24 October

Earnings season was in full swing this week as companies continued to report third quarter results. BASF reported a slight increase in third-quarter Ebitda to €2.52 billion ($3.19 billion) compared with €2.49 billion in the year-earlier quarter. Earnings before interest and tax (Ebit) before special items were 8.9% higher at €1.84 billion...


Nippon Shokubai to divest Nippon Polyester subsidiary

4:22 AM MDT | October 30, 2014 | Deepti Ramesh

Nippon Shokubai says that it has signed a letter of intent with plastics manufacturer Takiron Co. (Osaka, Japan), to transfer all of the shares of its subsidiary, Nippon Polyester (Osaka). A final share transfer agreement will be signed after negotiations of...


Alujain's net profit declines

10:06 AM MDT | October 29, 2014 | Natasha Alperowicz

Alujain Corp. reported a 39% drop in net third-quarter profit to 34.85 million Saudi riyals ($9.3 million) compared with the year-earlier quarter citing an insurance payment to polypropylene-producing subsidiary NatPet during the third quarter of 2013. The...


No crude awakening

3:26 PM MDT | October 23, 2014

While a sharp drop in crude oil prices has increased near-term volatility, severe inventory destocking does not seem at hand....

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