Regions :: China
Chemical Finance Digest, Nov. 7-11
11:26 AM MST | November 15, 2011 | Vincent Valk
Topping the headlines last week, the latest earnings reports continued to be mixed, though this time with more bad than good. Arkema’s net income fell 16%, while Momentive’s fell 66% and TPC Group’s fell 27%. Ashland recorded a loss on a pension charge, while Lanxess’ net income rose 31%. In M&A news, Lanxess has acquired Verichem, a U.S. biocides firm with $10 million in sales last year. Ashland has sold its refrigerant lubricants business, which has about $50 million in annual revenues, to Monument Chemicals, while DuPont is...
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