IHS Chemical Week
EUROPE

Cefic makes three proposals to improve European regulatory framework

April 29, 2016 | Michael Ravenscroft

Cefic has announced three proposals that it says will enhance European Union policy and highlights how the European Commission’s Better Regulation Agenda can better support growth and innovation in Europe: set tangible burden reduction targets; improve...

BASF reports lower sales and operating profit on disposals, lower prices

April 29, 2016 | Natasha Alperowicz

BASF on Friday reported net income rose 18%, to €1.39 billion ($1.58 billion), on 29% lower sales of €14.2 billion compared with the year-earlier quarter. Ebitda was down 3%, to €2.81 billion, as the company's tax rate declined sharply. The...

Tikkurila's sales, profit fall on currency effects, higher raw material expenses

April 29, 2016 | Michael Ravenscroft

Tikkurila (Helsinki), a specialized paints and coatings company, has reported an operative Ebit in the first quarter of 2016 of €12.5 million ($14.2 million) compared with €15.3 million in first-quarter 2015, a decrease of 18% year-on-year (YOY)...

Linde sales flat, profit up slightly on exchange rate effects; lower contribution from engineering division

April 29, 2016 | Michael Ravenscroft

Linde has announced first-quarter 2016 operating profit of €991 million ($1.12 billion) compared with €1.01 billion in the year-ago quarter, a decrease of 1.9% year-on-year but an increase of 0.6% after adjusting for foreign currency effects...

BP's petchem profit soars on operational, cost improvements

April 29, 2016 | Ian Young

BP says that underlying replacement cost profit before interest and taxes in the company's petrochemical business increased sharply in the first quarter of 2016, to $113 million from $17 million in the corresponding period of last year. "The result for...

Recipharm sales up 11%, driven by acquisitions, but profit falls 31%

April 28, 2016 | Michael Ravenscroft

Recipharm (Jordbro, Sweden), a pharmaceutical contract development and manufacturing organization (CDMO), has announced first-quarter 2016 sales of 973 million Swedish kroner ($120 million), an increase of 11% year-on-year (YOY), or 12.0% at constant...

Perstorp's net loss narrows, Ebitda pressured by currency effects, raw material prices

April 28, 2016 | Francinia Protti-Alvarez

Perstorp reports a first-quarter net loss of 79 million Swedish kroner ($9.7 million), a significantly smaller loss compared with the SK290-million loss reported this time last year. Ebitda excluding nonrecurring items amounted to SK457 million during the...

Polysilicon startup costs and lower prices hurt Wacker's first-quarter earnings

April 28, 2016 | Natasha Alperowicz

Wacker Chemie on Thursday reported a 77.2% drop in first-quarter net income to €16.1 million ($18.3 million) on 2% lower sales of €1.31 billion. The main factors contributing to the net income decline were lower prices for polysilicon and silicon...

Clariant's first-quarter earnings rise, sales advance on higher volumes

April 28, 2016 | Natasha Alperowicz

Clariant on Thursday reported first-quarter Ebitda before special items of 229 million Swiss francs ($236.9 million) corresponding to an 11% increase in Swiss francs or a 16% rise in local currencies, compared with the year-earlier quarter. Sales from...

Croda's quarterly sales up 7.7% driven by new product sales, outlook reaffirmed

April 27, 2016 | Francinia Protti-Alvarez

Croda (Goole, UK) saw first-quarter sales grow by 7.7% year-on-year (YOY) to £306.8 million ($446.1 million), according to the latest trading statement released today. Croda's seed treatment business, Incotec, added 4.7% to group sales in its first full...

Arkema commits to project to recycle plastics to produce new resins and composites

April 27, 2016 | Natasha Alperowicz

On 27 April Arkema signed, in the presence of Ségolène Royal, French Minister for the Environment, Emmanuel Macron, Minister for the Economy and Industry, and a further four partners, the Reverplast agreement, a project to introduce recycled...

Immune system safety of BPA to be reviewed

April 26, 2016 | Michael Ravenscroft

The European Food Safety Authority (EFSA; Parma, Italy) has announced that it is setting up a working group of international experts to evaluate new scientific evidence on the potential effects of bisphenol A (BPA) on the immune system. The review is to be...

DSM beats estimates on earnings growth in nutrition, materials

April 26, 2016 | Ian Young

DSM reports a net profit of €85 million for the first quarter of 2016 compared with the net loss of €71 million in the corresponding period of last year, on sales up 1%, to €1.9 billion. DSM's Ebitda improved 19% year-on-year (YOY) in the first...

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