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Lower crude prices won't cut off ethylene margins at the peak, Dow says

6:40 PM MDT | October 22, 2014 | Robert Westervelt

The sharp drop in crude oil prices has increased near-term volatility, but will not stop ethylene margins from marching toward a peak over the next two years, say Dow officials....


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Albemarle earnings beat estimates on strong catalysts results

Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted earnings, however, rose 5% YOY, to $1.14/share, beating analysts’...

Schulman earnings beat estimates on solid sales increases

A. Schulman today reported fiscal fourth-quarter net income of $15.2 million, compared with a net loss of $2.7 million in the year-ago quarter, on sales up 16.8% year-on-year (YOY), to $627.4 million. Adjusted income rose 20.4% YOY, to $19.5 million, or 66...

Schulman to cut support functions in EMEA restructuring

A. Schulman announced today that it is cutting 40 jobs in Europe, the Middle East, and Africa (EMEA), mostly in back office and support functions, as part of a restructuring to “align operations with current market conditions in the region.”...

Eastman completes plasticizers capacity expansion

Eastman Chemical today said it has completed its expansion of non-phthalate plasticizers capacity at its Texas City, TX, manufacturing plant. The expansion will increase production capacity of Eastman’s non-phthalate plasticizers for PVC applications by...

Stepan falls short of estimates on weak surfactants results

Stepan today reported fiscal third quarter net income down 34% year-on-year (YOY), to $13.5 million, on sales up 3%, to $491.4 million. Adjusted net income declined 16% YOY, to $15.6 million, or 68 cts/share, well short of analysts’ consensus estimate...

Linde begins rail construction on La Porte ASU

Linde has begun rail construction at the air separation unit (ASU) it is building at La Porte, TX. The ASU, which separates air into oxygen, nitrogen and argon, is part of the $250 million investment in the ASU, a new gasification train and supporting...

Grace reports rise in sales, curbs full-year guidance

W.R. Grace today reported third-quarter net income of $74.5 million, down 3% year-over-year (YOY) on higher corporate and other expenses. Reported adjusted earnings of $1.07/share were down 8.5% YOY but surpassed analyst estimates of 95 cts/share, according to Thomson Reuters (New York). Sales grew 11% YOY, to $856.4 million due to higher sales volumes, improved pricing, and favorable currency translation—with acquisitions contributing 4% to growth, the company says. Adjusted Ebit for the third quarter was $180.9 million, up 27% YOY....

Kemira improves profitability on lower sales in third-quarter 2014

Kemira (Helsinki) has announced Ebitda of €69.9 million ($89.3 million) in third-quarter 2014, compared with €68.9 million in the corresponding period in 2013, or 1.5% year-on-year (YOY). Ebitda margin was 12.9%, versus 12.4% a year ago. Revenue in...

PPG, Henan Billions Chemical open TiO2 manufacturing plant in China

PPG and Henan Billions Chemical (Jiaozuo, China) have opened a titanium dioxide (TiO2) manufacturing and research facility. The 366,000-sq meter facility is scheduled to begin production in the first quarter 2015 and will manufacture 100,000 m.t./year...

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