Agrium today reported fourth-quarter net earnings of $193 million, or $1.20/share, up 43% from the year-ago period. Excluding a $134 million loss from discontinued operations, fourth-quarter earnings totaled $327 million, or $2.04/share. Discontinued...
Compass Minerals reported fourth-quarter net income of $43.9 million, down 28% from the year-ago quarter, on losses caused by a tornado that struck the company’s salt mine and salt evaporation plant at Goderich, ON, in August. Excluding the estimated...
Indorama Ventures (Bangkok) says it will acquire the chemical assets of Old World Industries (Northbrook, IL), including its production facility located at Clear Lake, TX, for $795 million. Old World will retain its consumer products division, including Peak antifreeze. As part of the purchase agreement, Old World will enter into a long-term glycol supply contract with Indorama for its antifreeze production in the U.S....
Rusal (Moscow), the global leading producer of aluminum, and fertilizer producer PhosAgro today announced an agreement for the supply of increased quantities of aluminum fluoride by PhosAgro to Rusal until 2034. This long-term agreement will lead to...
LSB Industries (Oklahoma City, OK) says it has completed a planned project to increase anhydrous ammonia capacity at its Pryor, OK facility. The nameplate production level of ammonia at the plant is 255,500 m.t./year, or about 700 m.t./day, but due to...
Yara (Oslo), the global fertilizer major, today reported strong fourth-quarter results, reflecting “good farm profitability and improved margins." It also said that the 2011 annual results are the highest in history. Fourth-quarter net...
Jacobs Engineering says it has received a contract from Methanex, the world's leading supplier of methanol, to provide engineering services for a planned methanol production facility in Louisiana...
Dow Corning saw net fourth-quarter net income rise 3% year-on-year, to $260 million, the company says. Fourth-quarter sales were down 4%, to $1.52 billion, due to soft pricing. Adjusted net income, which excluded a gain on long-term sales agreements, fell...
Mosaic says it will curtail potash production up to 20% through May of this year following similar announcements over the last two months from Mosaic and other producers, which cited poor pricing for fertilizer products on weakness in food commodity prices...
Westlake has increased its bid for Georgia Gulf by 17%, to $35/share, or about $1.29 billion. Westlake will also pay a portion of the consideration to Georgia Gulf shareholders in Westlake shares, the company says. Westlake has also decided against nominating...
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