IHS Chemical Week

Regions :: North America

U.S. (10692)

Canada (775)

Mexico (365)


U.S.

Chemtura misses estimates despite higher sales
Chemtura today reported second-quarter earnings up 59% year-on-year (YOY), to $43 million, on sales up 3%, to $609 million. Earnings from continuing operations totaled $30 million, or 32 cts/share, up 20% YOY, but short of analysts’ consensus estimate...

Ecolab beats estimates on solid sales growth, narrows guidance
Ecolab today reported adjusted net income up 46% year-on-year (YOY), to $311.4 million, on net sales up 7%, to $3.57 billion. Adjusted income totaled $1.03/share, slightly ahead of analysts’ consensus estimate of $1.02/share, as reported by Thomson...

Codexis appoints new CFO
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says that Gordon Sangster has agreed to join Codexis as senior v.p. and CFO. Sangster will succeed David O’Toole, who resigned on 3 July...

IHS to host Chlorine Institute safety and technical publications
IHS has entered into a partnership agreement with The Chlorine Institute (CI) that will allow IHS to provide worldwide access to CI’s safety and technical publications via IHS content platforms. The content will cover safe production, handling, and packaging; health and the environment; emergency planning and response; and properties of chemicals and analytical techniques. The materials will continue to be available directly from the CI Bookstore....

Eastman beats estimates, reaffirms 2014 outlook
Eastman Chemical reports net earnings of $292 million, 9.8% higher year-on-year (YOY). Adjusted earnings of $1.92/share were 14.2% higher YOY and beat a $1.84/share consensus of analysts’ estimates compiled by Thomson Reuters (New York). Sales were flat...

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CANADA

PotashCorp earnings down YOY, but above guidance
PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472 million with earnings per share of 56 cts/share rising above analyst...

CB&I to market Versalis's LDPE and EVA technologies in North America
ENI (Rome) announced today that its chemicals production subsidiary Versalis (Milan) has signed a cooperation agreement with CB&I under which CB&I will market and provide engineering services for Versalis’ low-density polyethylene (LDPE) and...

Maverick Synfuels and Petrostar form JV for small methane-to-methanol plants in Canada
Maverick Synfuels (Research Triangle Park, NC), a leader in alternative chemicals and fuels production technology; and Petrostar Petroleum (Nanton, AL), an oil and gas exploration company, have formed the Maverick Northstar joint venture to facilitate...

Vinmar signs biobased succinic acid offtake deal with BioAmber
Renewable chemicals firm BioAmber (Minneapolis) today announced that it has signed a 210,000-m.t./year take-or-pay contract for biobased succinic acid with Vinmar International.  Under the terms of the 15-year master off-take agreement, Vinmar has...

BioAmber receives $6.6-million grant for Sarnia plant
Biobased succinic acid firm BioAmber Inc. (Minneapolis) says that its Canadian subsidiary BioAmber Sarnia Inc., a joint venture with Mitsui & Co., has secured a CDN $7 million ($6.6 million) grant from Sustainable Development Technology Canada...

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MEXICO

Mexichem reports lower earnings, to benefit from antidumping ruling against Chinese refrigerant gas producers
Mexichem has reported a 52% decrease in second-quarter net earnings, $50 million, hurt by foreign exchange and higher amortization following acquisitions. Net income from continuing operations was $53 million compared with $111 million in the second quarter...

CB&I to market Versalis's LDPE and EVA technologies in North America
ENI (Rome) announced today that its chemicals production subsidiary Versalis (Milan) has signed a cooperation agreement with CB&I under which CB&I will market and provide engineering services for Versalis’ low-density polyethylene (LDPE) and...

Alpek cuts 2014 Ebitda guidance by $70 million
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the company announced today. The company had issued the initial guidance in...

Alpek to acquire large part of BASF's EPS business, BASF to buy Polioles's PU operations (Update)
BASF today provided more information on its asset swap deal with Alpek, which was announced on Thursday. Alpek and BASF have signed agreements covering the expandable polystyrene (EPS) and polyurethane (PU) business activities of their Polioles joint venture...

Pemex awards contract for gas pipeline to Odebrecht-led consortium
Pemex Gas y Petroquímica Básica (PGPB; Mexico City), a Petróleos Mexicanos (Pemex; Mexico City) subsidiary, has, through its Tag Pipelines Norte affiliate, awarded an engineering, procurement, and construction contract for phase two...

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