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Chemical Industry Weekly News Round-Up, Jan. 20
3:27 PM MST | January 20, 2012 | Vincent Valk
This Week on CW: PPG and H.B. Fuller both reported earnings increases, mostly due to higher sales. PPG’s fourth-quarter net income rose 5% to $216 million, while H.B. Fuller’s rose 20.5%, to $26.4 million. Celanese, however, cut its 2011 adjusted earnings outlook to $4.45/share, down 15 cts-25 cts from previous guidance. The cut implies fourth-quarter adjusted earnings of 56 cts/share, 31% lower than the Wall Street consensus before the cut. Ecolab will cut 500 jobs in an effort to reduce operating costs by $250 million/year by...
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