EARNINGS/FINANCE

Airgas Issues Debt In Spite of Hostile Bid (Update)

March 10, 2010 | Vincent Valk

Airgas will issue $300 million in new senior debt in a public offering, the company announced today. The will carry an interest rate of 2.85% and come due in 2013. It will go towards paying down the company's current revolving credit facility, which expires...

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Moody's Raises Outlook for Chemical Industry

Moody’s Investors Service says it has changed the industry sector outlook for the North American and European chemical industry from negative to stable, as the fundamental credit conditions for the chemical industry in these regions will be generally...

Momentive Loss Narrows During 2009

Momentive Performance Materials recorded a narrowed loss during the year ended December 31, 2009, the company announced today. Momentive's net loss totaled $41.8 million in 2009, compared to $997.1 million in 2008...

Weekly Round-Up: Dow Moving Forward

In a week in which Dow Chemical agreed to sell its Styron unit to private equity firm Bain Capital, Dow CEO Andrew Liveris, sat down for a Q&A with CW. He discussed the company's challenging 2009 and its future. Dow wasn't the only company looking to the...

Siegfried Plunges to Loss Despite Rise in API Sales

Fine chemicals producer Siegfried (Zofingen, Switzerland) has recorded a loss of SF35.3 million ($32.8 million), on sales down 2.2% to SF283 million for full year 2009. The company recorded an Ebitda for the year of SF25.3 million, equivalent to 8.9% of...

Linde's Fourth-Quarter Earnings Rise

The company says it has cushioned the impact of the economic crisis....

Banker: 'Ingredients in Place' for Major M&A Rebound

M&A activity will increase during 2010 after a down year in 2009, Tim Wilding, co-head/industrials at Oppenheimer Fund (New York) told an audience at a Chemical Marketing & Economics (CM&E) Group luncheon yesterday. "I think all the...

Arkema's Fourth-Quarter Losses Narrow...

Arkema’s fourth-quarter losses narrowed to €20 million, from €72 million, on sales down 9%, to about €1.1 billion. Volumes increased 8%, but prices fell 13% compared to the year-ago period when caustic soda prices and raw material costs...

Arkema Officials Outline Roadmap for Next Five Years

The positive market trends Arkema witnessed in the fourth quarter of 2009 are continuing in the first quarter of this year with strong demand in Asia and some recovery in the U.S., but limited visibility in Europe, Arkema CEO Thierry Le Henaff says. Speaking...

AllessaChemie Restructures, Pushes for Adoption of Quality Standards (with video)

Specialty chemicals producer AllessaChemie (Frankfurt) says it is in the midst of a restructure following tough market conditions in 2009. As of February 1, the company has brought in a new management team with Almuth Poetz, former head of sales and...

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