IHS Chemical Week

People & Business :: M&A

Chemical Finance Digest, Jan. 16-20

8:11 AM MST | January 24, 2012 | Vincent Valk

Topping the headlines last week, early fourth-quarter earnings showed steady growth despite some weakness in volumes. PPG’s net income rose 5%, to $216 million, on modest sales growth, while H.B. Fuller’s rose 20.5%, to $26.4 million. PPG beat estimates, while H.B. Fuller missed. Meanwhile, Celanese cut its 2011 outlook on weak demand from Europe. The company will release its earnings on January 30. In M&A news, Ecolab is cutting 500 jobs in a post-Nalco-merger restructuring. The company is aiming to reduce operating costs by $250 million/year by...

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