SPECIALTY CHEMICALS

Grace Splits Davison Operating Segment

3:51 PM MST | February 9, 2012 | Rebecca Coons

W.R. Grace says it has reorganized its businesses into three operating segments—Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—to better align itself with the markets it serves, gain operational efficiencies...

Click here...

MORE SPECIALTY CHEMICALS

IFF Adjusted Earnings Beat Estimates

International Flavors & Fragrances (IFF) fourth-quarter 2011 earnings fell 56% year-on-year, to $24.4 million, or 30 cts/share. The decline was due to a 44 cts/share charge related to a patent litigation settlement. Adjusted earnings, which exclude the...

AkzoNobel Steps up Research into Anticorrosion Coatings

AkzoNobel has unveiled a five-year research partnership with the University of Manchester (Manchester, U.K.) to investigate the science of anti-corrosion coatings. When the research begins April 1 of this year it will be the world’s largest academic...

Kemira Reports Higher Net Profits but Lower Sales

Kemira says net profit from continuing operations in the fourth quarter of 2011 was €37.8 million ($50 million), 51% higher than the €25.1 million reported in the same quarter of 2010. Earnings per share (EPS) also increased 60% year over year, to...

Sensient Technologies Earnings Rise 11%, Beat Estimates

Fourth-quarter earnings for Sensient Technologies rose 11% year-on-year, to $28.6 million, or 57 cts/share. Earnings narrowly beat analysts’ consensus of 56 cts/share, as reported by Thomson Reuters (New York). Revenues rose 0.3% year-on-year...

Chemical Industry Weekly News Round-Up, Feb. 3

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...

Dow Corning Net Income Rises 3% on Long-Term Sales Contracts

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...

Chilean Mining Concern Buys Stake in Molycorp

Molibdenos y Metales S.A. (Molymet; Santiago, Chile) has purchased a 12.5 million-share stake in Molycorp (Greenwood Village, CO) worth $390 million, Molycorp says. Molymet is the world’s largest processor of molybdenum and rhenium, both of which are...

Cabot Reports Lower Net Profits; Higher Prices Boost Ebit and Sales

Cabot says net income in its fiscal first quarter ended December 31, 2011 was $46 million, 39% lower than the $75 million reported in the same quarter of fiscal 2011. The net profit figure includes a $16-million income tax provision. Earnings per share (EPS)...

AkzoNobel Invests in Plant to Supply New Pulp Mill in Brazil

AkzoNobel says its Eka Chemicals subsidiary plans to invest €80 million ($105 million) in the construction of a new pulp "chemical island" facility in Brazil. Eka Chemicals, AkzoNobel's pulp and paper chemicals business, will supply the...

Specialty Chemicals Archives »

search

in this issue

premium

events

free features

advertising

customer care