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PEOPLE/EXECUTIVES

New Air Products CEO says emphasis on cash and capital allocation to guide strategy

7:55 PM MDT | July 23, 2014 | Robert Westervelt

Air Products chairman and CEO Seifi Ghasemi, who took the helm of the company on 1 July, says that a focus cash generation and improved capital allocation will drive company strategy....


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Mosaic to permanently halt MOP production at New Mexico facility

Mosaic says it plans to permanently discontinue production of muriate of potash (MOP) at its Carlsbad, NM facility. The final date of production is expected to be 31 December, according to regulatory filings. “The decision is based on the quality of the...

Praxair net income up 5%

Praxair posted second net income of $467 million, up 5% year-over year (YOY). Reported earnings of $1.58/share were up 5% YOY but 1 ct below analyst estimates as reported by Thomson Reuters (New York). Sales of $3.1 billion were up 3% YOY, driven by new...

Air Liquide to provide ASU to planned OCI methanol plant

Air Liquide announced today that it has signed an agreement with Natgasoline (Beaumont, TX), a wholly owned subsidiary of OCI (Sittard, Netherlands), to supply oxygen for Natgsoline’s methanol plant at Beaumont. Air Liquide will invest around €90...

Yara International appoints new president and CEO

The board of Yara International (Oslo) today announced the appointment of Svein Richard Brandtzæg, aged 57, as the company's new president and CEO. He will succeed Jørgen Ole Haslestad by 1 February 2015. Brandtzæg currently serves as...

Honeywell posts stronger performance materials earnings

Honeywell says that profit in its performance materials and technologies (PMT) segment  was $475 million, up 8% from the prior year. Segment revenue rose 6% year-on-year (YOY), to $2.6 billion.  Segment profit and margin were driven by...

Former Yara executive to join EuroChem management board

EuroChem (Moscow), a top-10 fertilizer company globally, has announced the appointment of Terje Bakken as head/marketing and sales. Bakken will report to EuroChem CEO Dmitry Strezhnev and join EuroChem's management board. Bakken, based at Moscow, will lead...

Elemental Minerals appoints new managing director

Elemental Minerals (Perth, Australia), a mineral exploration company whose primary asset is the Sintoukola potash project in the Republic of the Congo, has announced that John Sanders is its new managing director. Sanders replaces Iain Macpherson, who will...

PPG names McGarry as COO

PPG Industries has named Michael McGarry, current executive v.p., as COO, effective 1 August. McGarry will have responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT), environment, health...

Praxair signs ASU deal with Huntsman, Jinling jv

Praxair announced today that it has signed a long-term contract to supply industrial gases to Nanjing Jinling Huntsman New Materials Co. (Nanjing, East China)—a joint venture between Sinopec Jinling and Huntsman. Jinling Huntsman will use the gases to...

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