IHS Chemical Week
PEOPLE & BUSINESS

Honeywell performance materials profit increases 6%

Honeywell says that fourth-quarter materials and technologies segment profit was $425.0 million, up 6.3% year-on-year (YOY). Sales were flat, at $2.6 million, but up 3.0% YOY on an organic basis, driven by higher UOP licensing sales, software, and services...

Hardide Coatings to build plant in Virginia

Hardide Coatings (Bicester, UK), a maker of industrial surface coatings, is investing $7.0 million to build a new plant at an enterprise zone in Martinsville, VA. The company has signed a lease on a 26,000–sq ft facility that will house the plant, which...


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People/Executives

Dow Corning appoints new head of China business

Dow Corning says that it has recently appointed Jeroen Bloemhard as its new president/Greater China. Bloemhard, who brings over 20 years’ professional experience in the silicones industry, will lead the corporate management of the Greater China team. It...

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

Green Biologics raises $76 million

Renewable chemicals firm Green Biologics (GBL) (Gahanna, OH) announced today that it has closed an internal follow-on equity round of $42 million and raised an additional $34 million in debt financing. The funds will be used to finance GBL’s acquisition...

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

Clariant acquires stake in Brazilian health- and personal-care firm Beraca

Clariant said today that it is acquiring a 30% stake in the health- and personal-care business of Beraca (São Paulo), a leading provider of natural and organic ingredients, with the possibility of raising this to a majority stake in the future. The...

Reach

ECHA: high level of adherence to harmonized classification for substances with carcinogenic, mutagenic, or reprotoxic properties

The overwhelming majority of companies are adhering to the harmonized classification of substances that have carcinogenic, mutagenic, or reprotoxic properties (CMR), the European Chemicals Agency (ECHA; Helsinki) says in its new CMR report, published today...











 
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