IHS Chemical Week
EARNINGS/FINANCE

Trian urges DuPont to break off ag and industrial biotech operations

12:12 PM MDT | September 17, 2014 | Robert Westervelt

Hedge fund Trian Fund Management (New York) calls on DuPont to split off its higher-growth agriculture, nutrition, and industrial biotech operations....


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Sibur reports improved half-year results, rubber remains under pressure

Sibur (Moscow), an integrated gas processing and petrochemical company, today reported improved half-year results due a large extent to recently completed investment projects. Ebitda rose 29.8%, to 49.5 billion Russian rubles ($1.28 billion), on 32.1% higher...

ACC's economic outlook for the week ended 12 September 2014

MACROECONOMIC STATUS Our running tab of positive indicators was 18 out of 20 this week. Thus, we continue to post a green banner. Please refer to the end of this report for an explanation of the color codes. See the Indicators in Detail section for more...

Eastman to acquire Taminco for $2.8 billion

Eastman Chemical announced today that it plans to acquire Taminco for $2.8 billion, or $26/share, including $1 billion of assumed debt. Taminco, a major producer of alklylamines and alkylamine derivatives, was taken public by private equity firm Apollo...

Sasol chemical profits up on strong olefins and surfactants, improved polymers

Operating profits for Sasol’s chemical cluster increased 178% during the fiscal year ending June 2014, the company says, to a total of rand 8.41 billion ($770 million). Transfers unrelated to sales accounted for half of the gain, but strong performance in the olefins & surfactants (O&S) and solvents businesses plus improvements in polymers contributed the remainder. Total chemical revenues increased 17% to rand 111.7 billion....

Kemira adjusts medium-term targets, maintains 2014 outlook

Kemira has adjusted its medium-term sales target. The company says that its revenue will be €2.7 billion in 2017 after previously targeting 2016 revenue of €2.6-2.7 billion. The company delayed its Ebitda margin target of 15% from 2016, until 2017...

Ecolab acquires chemicals segment of AKJ Industries

Ecolab has acquired the chemicals segment – including water treatment, car top dust control, and freeze conditioning chemicals – of AKJ Industries (Fort Myers, FL). AKJ, which was founded in 1981, also operates in the refinery processing and steel...

Lehigh Technologies closes $8-million funding round

Lehigh Technologies (Atlanta), a maker of micronized rubber powder (MRP) from tire scrap, announced today that it has $8 million in a recent funding round to support the company’s expansion. Participants in the round included venture capital firms...

Uralchem reports major drop in sales and earnings in first six months

Uralchem (Moscow), one of the largest nitrogen fertilizer producers in Russia, today reported a major drop in earnings and revenues for the first six months of this year. Adjusted Ebitda reached 11.6 billion Russian rubles ($309.2 million), 17% down on the...

Arsenal's Accella buys German tire materials firm

Accella Performance Materials (St. Louis), a portfolio company of Arsenal Capital (New York), has purchased Zeus Tyrefill Systems (Dortmund, Germany) for an undisclosed sum, the company says. Zeus makes polyurethane-based tire fill and flatproofing products...

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