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Markets :: Plastics :: Polyethylene

Chemical Industry Weekly News Round-Up, Feb. 3

3:34 PM MST | February 3, 2012 | Vincent Valk

This Week on CW:   Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago period and falling short of analysts’ estimates. Meanwhile, Cabot reported fourth-quarter net income that fell 39%, to $46 million.   Westlake increased its bid for Georgia Gulf by 17%, to $35/share, or $1.29 billion. Georgia Gulf rejected the bid, with CEO Paul Carrico saying the company would reconsider if Westlake indicated an openness to increasing the price further...

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