U.S.

Air Products and Praxair Earnings Rise on Strong Demand
Industrial gases producers reported a strong second quarter. Praxair’s net income increased 20%, to $342 million ($1.08)/share, on sales up 23%, to $2.9 billion. The consensus of analysts' estimates as reported by First Call (Boston) was for $1.06/share)...

Gelest Doubles Capacity at Morrisville HQ
Gelest (Morrisville, PA), a producer and supplier of specialty organosilicon, says it has doubled capacity at its...

Air Products To Sell U.S. Healthcare Business
Air Products says it plans to sell its $271-million/year U.S. healthcare business, and will report the business as a discontinued operation beginning in its fiscal fourth quarter. The company recorded an impairment charge of approximately $315 million in its...

DuPont-Genencor JV Selects Tennessee for Cellulosic Ethanol Pilot Plant
DuPont Danisco Cellulosic Ethanol, a 50-50 joint venture between DuPont and Danisco's Genencor, has chosen Vonore, TN as the site to build its previously announced cellulosic ethanol pilot facility. Startup is expected by the end of 2009. The pilot facility...

Airgas Posts Strong Earnings Gain Despite Higher Costs
Airgas says net income for the quarter ended June 30 grew 38% from the prior year, to $68.9 million (81 cts/diluted share). Sales increased 22% to $1.1 billion. Acquisitions contributed 15% to revenue, and total same-store sales grew 7% in the quarter, with...

More Stories »