IHS Chemical Week
PEOPLE/EXECUTIVES

Invista, Solvay settle adiponitrile dispute

4:43 PM MDT | April 24, 2014 | Lindsay Frost

Invista and Solvay announced today that they have signed a settlement agreement resolving disputes related to adiponitrile (ADN) intellectual property and technology used in their nylon-6,6 intermediates Butachimie joint venture at Chalampé, France...


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Sensient directors win proxy fight

Sensient Technologies says that all nine of its director nominees – including the four who were contested by dissident hedge fund FrontFour Capital (Greenwich, CT) – were elected by shareholders at today’s annual meeting, according to...

Ashland CEO to retire

Ashland chairman and CEO James O’Brien will retire at the end of this year, the company says. O’Brien became CEO at Ashland in 2002 and oversaw two major acquisitions, those of Hercules and International Specialty Products, that turned the company...

Air Products says search for CEO on track

Air Products told investors on its earnings call 23 April that the search for its next CEO continues. Air Products announced last September that current CEO John McGlade will retire this year as part of an agreement with its largest investor, activist...

3M earnings rise but fall short of estimates

3M today reported first quarter net income of $1.21 billion, up 7.1% year-on-year (YOY), on sales of $7.83 billion, up 2.6%. Earnings totaled $1.79/share, slightly short of analysts’ consensus estimate of $1.80/share, as reported by Thomson Reuters (New...

PotashCorp reports earnings drop, raises full year guidance

PotashCorp today reported net income of $340 million for its first quarter, down 38% year-over-year (YOY), with earnings per share of 40 cts/share, rising above analyst estimates of 36 cts/share, according to Thomson Reuters (New York). Earnings include a...

Praxair earnings up on North American, chemicals growth

Praxair had first-quarter net income of $448 million, up 8% year-on-year (YOY). Reported earnings of $1.51/share are in line with analyst consensus, according to Thomson Reuters (New York). Sales in the quarter were up 5% YOY, to $3.03 billion, driven by...

Air Products earnings down, sales up in second quarter

Air Products reports net income of $284 million for the quarter ended 31 March, down 2% year-on-year (YOY). Reported earnings of $1.32/share fell below analyst estimates of $1.35/share. Sales of $2.6 billion were up 4% YOY, driven by higher energy cost...

ACC CAB at highest level since 2008

ACC today released its monthly chemical activity barometer (CAB)—noting that the CAB reached its highest level since March 2008. On a three-month moving average basis, the April CAB grew 0.5% over March and 3.2% year-on-year, to 95.2, suggesting further...

CF Industries shuts down Woodward, OK, nitrogen complex because of boiler problem

CF Industries announced that its Woodward, OK, nitrogen complex is currently off-line due to a problem in one of the boilers. All of the plants in the complex have been safely shut down with no impact, the company says. The plant is expected to return to...

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