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People & Business :: Energy and Feedstocks
Chemical Industry Weekly News Round-Up, Oct. 21
2:38 PM MDT | October 21, 2011 | Vincent Valk
This Week on CW: As earnings season gathered steam reports were, once again, mixed. AkzoNobel reported net income down 32% year-on-year, to 217 million ($301 million), as the company embarks on a restructuring plan. Air Products’ net income rose 10.5%, to $325 million, though the company’s fiscal 2012 forecast came in below analysts’ expectations. PPG’s net income rose 19%, to $311 million, beating estimates, while Rockwood’s net income was up 46%, to $84.7 million. Pipeline operator Kinder Morgan has agreed to acquire...
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