IHS Chemical Week

The latest chemical industry news

BASF reports higher earnings on flat sales, will reduce capital expenditure this year

12:47 AM MST | February 27, 2015 | Natasha Alperowicz in Ludwigshafen

BASF today reported fourth-quarter sales of €18.0 billion ($20.2 billion) almost matching the previous year’s level of €18.1 billion. Earnings before interest and tax (Ebit) was 2.8% higher at €1.5 billion. The company reported...

Bayer reports improved results, will decide on either a spinoff or IPO of MaterialScience

12:35 AM MST | February 26, 2015 | Natasha Alperowicz in Leverkusen

Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects, sales grew by 7.2%.  All subgroups contributed to this increase, the...


Sika reports record year 2014, sales grow 8% to $5.9 billion, Ebit leaps 21%

Solvay's net profit soars but functional polymers sales shrink

Mexichem's net loss widens despite higher sales

More Top of the News...

This week

India: Industry energized under new government

India’s chemical industry is set for exceptional growth. The country’s economy continues to rebound from a relatively soft patch, with GDP forecast to expand by 6.7% in 2015. The International Monetary Fund and IHS each predict that India will overtake China to become the fastest-growing major emerging market in 2015–17...read more>>

Americas

Ecolab appoints new board member

12:06 AM MST | February 27, 2015 | Deepti Ramesh

Ecolab says that its board of directors has appointed Tracy McKibben to the Ecolab board. McKibben is founder and president of MAC Energy Advisors, a consulting company that assists clients on alternative energy and clean technology investments, and strategic...

Europe

Evonik signs distribution deal with MedPalett for natural berry extract

3:01 AM MST | February 27, 2015 | Deepti Ramesh

Evonik Industries says that it has signed a distribution agreement with MedPalett (Sandnes, Norway), a wholly owned subsidiary of life sciences company Biolink Group (Sandnes), under which Evonik will distribute Medpalett’s MP865, a nutritional...

news round-up

Assessing crude's impact on Q4, January 23

Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the outlook for 2015 will be cautious. In research notes, the analysts cite a range of factors driving industry performance, but the recent collapse of crude oil pricing stands out. A majority of US chemical makers report are set to report fourth-quarter earnings over the next two weeks. ...

Asia/Pacific

Sumitomo Chemical to integrate environmental health and vector control businesses

3:53 AM MST | February 27, 2015 | Deepti Ramesh

Sumitomo Chemical says that it will integrate its environmental health and vector control businesses into a reorganized environmental health division, effective 1 April. Sumitomo’s environmental health division currently focuses on household...

Mideast/Africa

IFF expands flavors facility in South Africa

12:05 AM MST | February 27, 2015 | Deepti Ramesh

International Flavors & Fragrances (IFF), a creator of flavors and fragrances for consumer products, says that it has expanded its flavors facility at Isando, South Africa. The new facility includes flavor creation, application and sensory laboratories...

Viewpoint

Activists advance

5:02 PM MST | February 19, 2015

For better or worse, activists are likely to be a recurring theme in industry. Even with recent high-profile spats involving blue chips names, such as Air Products, Dow Chemical, and DuPont, activist activity is likely to expand to more companies. Activists are raising funds at an aggressive pace, and high-profile campaigns against chemical makers may draw others to the sector....











 
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