IHS Chemical Week
CHEMWEEK'S LAB

PPG to acquire majority stake in aerospace and automotive sealants business of LJF

1:51 PM MST | January 30, 2015 | Robert Westervelt

Le Joint Français, owned by Total’s Hutchinson Group (Paris) subsidiary, has been a long-term licensee of PPG’s aerospace sealant technology....


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Dow blows past estimates, says lower oil prices good for global economy

Higher volumes and an advantaged feedstock position helped lift Dow’s fourth-quarter earnings above estimates. Net income fell 18.4% year-on-year, to $839 million. Adjusted earnings of 85 cts/share were 30.8% higher YOY and well ahead of the consensus...

Mitt Romney outlines policy priorities at ACI convention

Former presidential candidate and Massachusetts governor Mitt Romney told American Cleaning Institute convention attendees on 29 January that Washington needs to address three critical priorities to maintain America’s global leadership position: safety, creating opportunity, and lifting people out of poverty....

ACI 2015: SC Johnson CEO says industry must rebuild consumer trust

SC Johnson chairman and CEO Fisk Johnson says industry must take steps to rebuild public trust while “standing up for chemistry, for scientific truth, and for the health and wellness of consumers and the planet.”...

Air Products beats estimates with 17% earnings gain

Air Products raised the lower end of its guidance range for fiscal 2015 to $6.35-$6.55/share, up from the $6.30-$6.55/share range set in October....

ACI 2015: Standards harmonization key to international agenda

Executives at international cleaning products associations say that harmonizing regulatory and sustainability standards across different countries will be a key focus in 2015. Association executives also pointed to initiatives in individual countries or regions, such as Registration, Evaluation, and Authorisation of Chemicals (Reach) in Europe or education about proper use of cleaning products in Brazil. The executives spoke Tuesday at the global issues briefing at ACI’s annual conference in Orlando, FL....

DuPont reports stronger fourth quarter, warns currency will be drag on 2015 earnings

DuPont, facing a proxy battle from activist investor Trian Partners (New York), today increased the cost savings target from its ongoing restructuring by 30%, to $1.3 billion, and said it would use proceeds from the planned spin off of its Chemours performance chemicals business to fund a $4-billion share repurchase. DuPont expects to complete the spin off of Chemours by mid-2015....

CW News roundup: Crude looms over Q4 earnings and 2015 outlook

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...

Crude oil looms over fourth-quarter earnings and outlook

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...

Celanese beats estimates but guides 2015 lower

Celanese (Dallas, TX) reports a net loss for the fourth quarter of $85 million, down from $654 million in the year-ago period. Net sales totaled $1.6 billion, down 3.5% year-over-year (YOY). Adjusted earnings per share totaled $1.28, up 23% YOY and 9 cents above the analysts’ consensus of $1.19 compiled by Thomson Reuters (New York)....

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