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Givaudan's first-quarter sales rise

9:38 AM MDT | April 11, 2014 | Francinia Protti-Alvarez

Givaudan (Geneva) recorded sales of  1.09 billion Swiss francs ($1.24 billion) during the first quarter of 2014, according to the company's results, published today. The results are down 0.2% in Swiss franc terms compared with figures reported in the...


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Cefic: EU chemical output increases for fourth consecutive month

Output of chemicals in the European Union increased in January 2014 for the fourth consecutive month, or 3.3% year-on-year (YOY), according to Cefic. Chemical sales in December 2013 were up for the sixth consecutive month, or 2.3% YOY. Nevertheless, sales are...

Praxair earnings up on North American, chemicals growth

Praxair had first-quarter net income of $448 million, up 8% year-on-year (YOY). Reported earnings of $1.51/share are in line with analyst consensus, according to Thomson Reuters (New York). Sales in the quarter were up 5% YOY, to $3.03 billion, driven by...

Dow reports 75% gain in first-quarter net income, handily beats estimates

Dow Chemical reports higher first-quarter profits, driven by gains in most segments as well as productivity and cost-control actions. Adjusted earnings of 79 cts/share increased 14% year-on-year (YOY), easily beating the analysts’ consensus estimate of 70 cts/share. Sales increased 1% YOY, to $14.5 billion. Net income increased 75% YOY, to $964 million....

Grace profits fall 15% on weather-related impacts

W.R. Grace says extreme weather during the first quarter that negatively impacted North American construction activity and caused manufacturing closures at a Maryland refinery catalysts production site contributed to a year-on-year (YOY) drop in profits. The...

DuPont wins Teflon patent and trademark infringement case against Italian cookware producer

DuPont Chemicals & Fluoroproducts (DC&F) announced today that it has won a Teflon patent and trademark infringement case against the cookware and home appliances company Bialetti Industrie (Coccaglio, Italy). DuPont says that the Court of First...

Iran to commission four plants, resumes petchem exports to Europe

Iran plans to bring onstream four petrochemical plants during the current Iranian calendar year, which began 21 March. Abbas She’ri Moghaddam, Iran’s deputy oil minister/petrochemicals, says that completing the projects already underway and the...

Air Products earnings down, sales up in second quarter

Air Products reports net income of $284 million for the quarter ended 31 March, down 2% year-on-year (YOY). Reported earnings of $1.32/share fell below analyst estimates of $1.35/share. Sales of $2.6 billion were up 4% YOY, driven by higher energy cost...

ICL to invest in major expansion of polyhalite potash capacity in the UK

Israel Chemicals Ltd. (ICL; Tel Aviv) said today that ICL Fertilizers’ subsidiary, Cleveland Potash Ltd. (CPL), will expand its polyhalite mining capacity at its Boulby mine in the northeast of the United Kingdom. ICL markets under the polysulfate name...

Kemira reports lower sales and earnings, starts up coagulants plant in Spain

Kemira (Helsinki) today reported a drop in first-quarter Ebit and lower revenues due mainly to divestments and unfavorable currency exchange rates. Operating Ebit was down 14%, to €36.3 million ($50.2 million), on 6% lower revenue of €529.9 million...

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