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Johnson Matthey reports lower profits, flat sales

1:16 PM MDT | July 23, 2014 | Natasha Alperowicz

Johnson Matthey says it made progress in the first quarter of 2014/15, covering 1 April–30 June, in the face of headwinds from the effect of foreign currency translation and the loss of commission revenue from Anglo American Platinum. Sales excluding...


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Syngenta's first-half growth held back by North America; outlook confirmed

Syngenta’s net income including restructuring and impairment was $1.4 billion, 1% lower in the first six months of this year, on sales up 1%, to $8.5 billion, the company announced today. Earnings per share, excluding restructuring and impairment, were...

AkzoNobel reports higher second-quarter profits, confirms outlook

AkzoNobel today reported higher second-quarter profits and confirmed its outlook for 2015. Net income was up 11%, to €205 million ($276 million), with Ebitda advancing 7%, to €509 million. Revenues were down 4%, however, to €3.71 billion...

Europe's ethylene producers hope to defend August prices despite oversupply

Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of several production units during the summer months and into the fall...

PKN Orlen unveils strategy, may close money-losing Lithuania refinery

PKN Orlen (PÅ‚ock, Poland) today announced its strategy for 2014–2017, which reflects the present macroeconomic conditions. The company will focus on securing a strong position on large and promising growth markets, strong customer-oriented approach...

Electricity producer EDF agrees to cut power prices for France's biggest industrial consumers

State-controlled electricity generator and supplier EDF (Paris) has signed a memorandum of understanding (MoU) with Exeltium, a consortium of France's biggest industrial electricity consumers, under which EDF will adjust its long-term supply contract with...

EU production of chemicals increased in first five months, but output slipped in May

Output of chemicals increased 1.8% in the European Union during the first five months of 2014 compared with the corresponding period of last year, Cefic says. However, chemicals output decreased year-on-year (YOY) in May—the first monthly decline after...

Kemira reports lower profits and revenues, looking for acquisitions

Kemira today reported its second-quarter results, with net profit down to €1.8 million ($2.4 million) from €3.7 million in the year-earlier quarter. Revenues decreased 9%, to €518.2 million, because of divestments and unfavorable currency...

Wacker upgrades annual earnings forecast on restructured polysilicon contracts

Wacker Chemie said today that it has upgraded its annual Ebitda projection. Ebitda for 2014 is now projected to be at least one-third higher than last year’s €678.7 million ($915.2 million). Before the upgrade, Wacker had expected to surpass its...

Croda's sales and earnings down, unlikely to match last year's pretax profit

Croda today reported lower second-quarter sales and earnings on weak consumer demand in Europe. Sales were down 5.8%, to £263.4 million ($449.6 million), while adjusted operating profit was 10.7% lower, at £63.6 million. Consumer-care sales were...

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