IHS Chemical Week
SERVICES

Sherwin-Williams beats estimates on sales increase

Sherwin-Williams (SW) has reported first-quarter net income down 0.6% year-on-year (YOY), to $115.5 million, on sales up 9.2%, to $2.37 billion. Earnings totaled $1.14/share, including a 12 cts/share loss related to the Comex acquisition. SW terminated its...

PPG earnings beat estimates on higher volumes

PPG today reported net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings, excluding a small restructuring charge, totaled $1.98/share, beating...


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Engineering & Construction

Shaw Awarded Contract for Ethylene Expansion in Turkey

The client is Petkim Petrokimiya....

Transportation

ACC, CI sue to stop railroad from imposing new shipping restrictions

The Chlorine Institute and ACC have asked the US District Court for the District of Minnesota to prevent Canadian Pacific Railway from imposing a restrictive new requirement on shippers of chlorine and other toxic inhalation hazard materials. The Fertilizer Institute has joined the complaint....

Distribution

Mosaic acquires ADM's fertilizer distribution businesses in Brazil and Paraguay

Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in working capital at closing, the company says. Under the agreement terms, Mosaic...

Information Technology

BASF to sell its third-party consulting business

BASF Services Holding, an indirect, wholly owned group company of BASF, says it is to sell its subsidiary BASF Services Consult (Hamburg) to Tech Mahindra (Düsseldorf), a subsidiary of Tech Mahindra (Pune, India). BASF Services Holding is to...

Environmental

Qatar Petroleum and UOP sign natural gas research agreement

Qatar Petroleum (QP) and UOP, a Honeywell company, have signed a joint research agreement into process optimization of carbon dioxide (CO2) and sulfur removal from natural gas, the companies announced today. The agreement was signed by Qatar’s...











 
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