Mitsubishi Rayon’s Loss Narrows Mitsubishi Rayon recorded a net loss of ¥12 billion ($133 million) for the nine months ended December 31, 2009, compared with a net loss of ¥22 billion in the year-ago period. Sales decreased by nearly... Kemira's Fourth Quarter Operating Profit Up; Will List Tikkurila In March Kemira reported a more than doubling in operating profit, excluding non-recurring items, for the fourth quarter of 2009 to €27.8 million ($38 million), compared with €11.7 million in the year-earlier period on sales 5% lower at €594.7 million...		Email Address First Name Last Name
People/Executives M&A Expected to 'Improve Substantially' in 2010 The chemical M&A market is set to "improve substantially" this year, according to Peter Young, president of Young & Partners (Y&P; New York), a boutique investment bank. "We hit a trough in volume in the first quarter of 2009, and a... Companies Celanese Turns a Profit on Improved Global Demand  Celanese reported fourth-quarter net income of $5 million (50 cts/share), excluding $17 million in net charges and adjustments, primarily related to the  company's restructuring costs. The consensus of analysts estimates was for 47 cts/share... Emerging Companies Start-up Brings Algae-to-Oil Pilot Plant On-line OriginOil (Los Angeles), a start-up company developing a process for converting algae into oil, says it has commissioned its pilot facility at its Los Angeles headquarters. The company says it now has an end-to-end algae-to-oil production facility in...	Earnings/Finance Lanxess's Third-Quarter Results Rise Sequentially; Expands Production in China  Lanxess reported third quarter net income down 59%, to €23 million ($34 million), on sales down 24%, to €1.37 billion. Ebitda before special items fell 26%, to €143 million. Lanxess's results rose sequentially, however, because of an... M&A Air Products Makes Unsolicited Offer to Acquire Airgas The bid values Airgas at $7 billion, and would create the largest industrial gases company in North America.... Reach Reach Registration: 'Panic is Starting to Set In' A significant number of chemical companies are starting to panic as they could miss the December 1 deadline for registering their chemical substances under the Registration, Evaluation, and Authorisation of Chemicals (Reach) program, says Jo Lloyd...

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