COMPANIES

Mitsubishi Rayon’s Loss Narrows

February 9, 2010 | Deepti Ramesh

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...


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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...

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...

DIC Swings to Profit in Third Quarter

DIC Corp. reported a net profit of ¥2.3 billion ($25.5 million) for the third quarter ended December 31, 2009, compared with a net loss of ¥900 million in the year-ago period. Sales decreased by...

Ube Reports Fall in Profits and Sales; Toray Reports a Loss

Ube Industries has reported a 73% fall in net profits for the nine months ended December 31, 2009, to ¥5.3 billion ($59 million), on sales down 27%, to ¥398 billion. Ube’s chemicals and plastics segment recorded a 38% fall in sales, to...

Pfizer Reports Rise in Fourth-Quarter Profits and Sales

Pfizer reported a 188% rise in net profits for the fourth quarter of 2009, to $767 million, compared to the fourth quarter of 2008. The net profits for the quarter was favorably impacted by increased revenues as well as the non-recurrence of the pre-tax and...

Kuraray Records Fall in Profits and Sales

Kuraray reported a 25% decrease in net profits, for the nine months ended December 31, 2009, to ¥12 billion ($133 million), compared with the year-ago period. Sales decreased by 20%, to ¥243 billion...

Weekly Round-Up, February 5: Hostile Gases

Air Products has made a $7 billion hostile bid to takeover Airgas and move into the packaged gases market. The combination would create North America's largest industrial gases company. However, Airgas has refused to engage Air Products in discussions over...

Asahi Kasei Reports Fall in Profits and Sales

Asahi Kasei reported an 18% decline in net profits, to ¥20.6 billion ($229 million), for the nine months ended December 31, 2009, compared to the year-ago period, Sales decreased by 16%, to ¥1.02 trillion, mainly due to lower market prices in the...

Shell Chemical Profits Improve on Higher Volumes

 Shell says fourth-quarter earnings from its chemical business increased compared to the year ago period because of improved income from equity-accounted investments, higher sales volumes, and lower operating costs.  Shell did not disclose earnings...

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