IHS Chemical Week
FINANCIAL

Chemical Industry Weekly News Round-Up, Feb. 10

1:39 PM MST | February 10, 2012 | Vincent Valk

This Week on CW: Indorama Ventures, a Thai chemicals concern, has announced plans to buy Old World Industries’ chemicals assets for $795 million. Old World operates the largest ethylene oxide/ethylene glycol plant in the U.S. The plant is in Clear Lake...


Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com
MORE FINANCIAL

IFF Adjusted Earnings Beat Estimates

International Flavors & Fragrances (IFF) fourth-quarter 2011 earnings fell 56% year-on-year, to $24.4 million, or 30 cts/share. The decline was due to a 44 cts/share charge related to a patent litigation settlement. Adjusted earnings, which exclude the...

S&P Raises Rockwood’s Credit Rating

Standard & Poor’s (S&P; New York) has raised Rockwood Holdings’ corporate credit rating to ‘BB+’ from ‘BB’ due to an improvement in the company’s leverage position and financial performance. Rockwood is...

Agrium Earnings Rise 43%

Agrium today reported fourth-quarter net earnings of $193 million, or $1.20/share, up 43% from the year-ago period. Excluding a $134 million loss from discontinued operations, fourth-quarter earnings totaled $327 million, or $2.04/share. Discontinued...

Sensient Technologies Earnings Rise 11%, Beat Estimates

Fourth-quarter earnings for Sensient Technologies rose 11% year-on-year, to $28.6 million, or 57 cts/share. Earnings narrowly beat analysts’ consensus of 56 cts/share, as reported by Thomson Reuters (New York). Revenues rose 0.3% year-on-year...

Chemical Finance Digest, Jan. 30-Feb. 3

Topping the headlines last week, Dow Chemical swung to a $20 million fourth-quarter loss on a tax charge. Excluding the charge, earnings totaled $289 million, or 25 cts/share. Earnings fell short of analysts’ estimates of 30 cts/share, and were also...

ACC's Economic Outlook for the Week Ended Feb. 3, 2012

MACROECONOMIC STATUS Our running tab remained steady at 17 out of 20 this week. Thus, we continue to post a green banner. Non-Farm Payroll Employment up by 243,000 Unemployment Rate down 0.2 percentage points to 8.3% Consumer Confidence down 3.7 points to...

Chilean Mining Concern Buys Stake in Molycorp

Molibdenos y Metales S.A. (Molymet; Santiago, Chile) has purchased a 12.5 million-share stake in Molycorp (Greenwood Village, CO) worth $390 million, Molycorp says. Molymet is the world’s largest processor of molybdenum and rhenium, both of which are...

Moody’s: Chemical Industry Set for Modest Growth; Europe a Risk

Moody’s Investors Service (New York) says that the global chemical industry will experience a “modestly better year in 2012,” largely due to lower raw materials prices, according to a new report. The biggest threat to the industry’s...

Cytec Fourth-Quarter Earnings Fall, but Beat Estimates

Cytec’s fourth-quarter earnings fell 15.4%, to $41.6 million, or 88 cts/share, on sales up 4.4%, to $731 million. However, adjusted earnings of 86 cts/share far outpaced analyst estimates of 47 cts/share, as reported by Thomson Reuters (New York). The...

Financial Archives »











 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa