IHS Chemical Week
PEOPLE & BUSINESS

FMC earnings rise as ag rebounds, but fall short of estimates

FMC today reported net income of $109.1 million, or 81 cts/share, down 8% year-on-year (YOY), on revenues up 13%, to $987.8 million. Excluding special charges, adjusted earnings totaled $1.01/share, up 9% YOY and slightly short of analysts’ consensus...

Siluria elects former Anadarko exec chairman

Methane-to-ethylene technology firm Siluria Technologies (San Francisco) announced today that Karl Kurz has been appointed chairman of its board of directors effective 23 June 2014. Kurz has been a Siluria board member since July 2013. He replaces Leighton...


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People/Executives

Dow Corning results up on silicone sales

Dow Corning announced its results today for its fiscal second quarter, with marked improvement in silicone sales in most geographies. The company says there was also significant growth in transportation and electronics applications. Net income of $109 million...

Companies

Sipchem Misses Earnings Estimates on Lower Revenues

The Saudi International Petrochemical Co. (Sipchem) reported third quarter net profit of SR84.1 million ($22.4 million), a 54% increase on the third quarter of 2009. The result was lower than consensus estimate of SR128 million and that of Sico Research...

Emerging Companies

Velocys' commercial GTL plant in Oklahoma to go ahead

Velocys (Oxford, UK), a technology innovator for smaller scale gas-to-liquids (GTL), has made the final investment decision and will proceed with construction of a commercial GTL plant using its technology at the East Oak landfill site in Oklahoma, the...

Earnings/Finance

Sabic Reports Big Rise in Net Profit on Increased Sales and Higher Prices

Saudi Basic Industries (Sabic) reported a 46% rise in third quarter net profit to SR5.33 billion ($1.42 billion) compared with the same period in 2009. The net result was 6% higher than in the second quarter of this year. The company's gross income in the...

M&A

Portuguese firm acquires La Seda's PET assets in Italy

 Selenis (Portalegre, Portugal) a subsidiary of Control PET (Santo Tirso, Portugal) has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET)  production company of La Seda de Barcelona (El Prat de Llobregat, Spain), La Seda...

Reach

ECHA opens public consultation on CLH for bendiocarb

The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation on harmonized classification and labelling (CLH) for bendiocarb (1,3-benzodioxol-4-ol, 2,2-dimethyl-, 4-(N-methylcarbamate). Bendiocarb is used to control insects, mites and...











 
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