Demand for Specialty Chemicals Buoyed by Industrial Environment - Research Report on LyondellBasell Industries, Flotek Industries, Albemarle, RPM International and Olin

Mon Mar 18, 2013 8:01am EDT

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NEW YORK,  March 18, 2013  /PRNewswire/ --

Today, Wall Street Source announced new research reports highlighting
LyondellBasell Industries NV (NYSE:LYB), Flotek Industries Inc (NYSE:FTK),
Albemarle Corporation (NYSE:ALB), RPM International Inc. (NYSE:RPM) and Olin
Corporation (NYSE:OLN). Today's readers may access these reports free of charge
- including full price targets, industry analysis and analyst ratings - via the
links below.

LyondellBasell Industries NV Research Report

LyondellBasell Industries announced that it had cut the use of heavy sour crude
oil from  Venezuela  by about 36 percent between 2009 and 2012 at its 268,000
barrel per day  Houston  refinery to accommodate new supplies of crude oil from 
Canada. The company is now spending  $50 million  to nearly triple its capacity
to run heavy Canadian crude at the refinery, to 175,000 bpd from 60,000 bpd. A
crude distillation unit and a coking unit in the refinery are being converted to
refine crude from  Canada's  tar sands fields, and are expected to finish
mid-April. The move comes as the company moves away from a 13-year partnership
with  Venezuela's  national oil company Petroleos de Venezuela SA that already
ended in 2006. In other news, the company announced that it may spend as much as
 $1 billion  through 2016 to boost output of chemicals and plastics to take
better advantage of low-cost U.S. natural gas. Management said new projects
costing  $900 million to $1 billion  will increase annual pretax earnings by 
$500 million to $600 million. The Full Research Report on LyondellBasell
Industries NV - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/d278_LYB]

--

Flotek Industries Inc Research Report

Flotek Industries announced its partnership with an affiliate of  Oman-based
Gulf Energy, LLC to construct an advanced oilfield chemistry production facility
and build a research and development organization, which management believes
would help address the growing need for advanced oilfield chemistry and analysis
in the  Middle East  and  North Africa. As part of the deal, Flotek will own 60
percent of two liability companies, a chemical production company that plans to
construct a production facility and a research and development laboratory that
will focus on the application of Flotek's leading oilfield chemistries to the
challenges of drilling, completion and production in the region. Meanwhile,
Flotek released its Q4 2012 results a day earlier, posting revenue of  $76.7
million  and earnings per share of  44 cents. The Full Research Report on Flotek
Industries Inc - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/f889_FTK]

--

Albemarle Corporation Research Report

Albemarle announced that its joint venture with Arab Potash Company, Jordan
Bromine Company, has successfully commissioned the first phase of its
earlier-announced expansion project, where bromine production capacity of the
site. The second phase of the expansion is set to double the current capacity of
bromine derivatives, hydrobromic acid, calcium bromide and sodium bromide, of
which will be commissioned in  May 2013. Meanwhile, Albemarle reported Q4 2012
earnings of  $1.17  a share compared with  $1.13  per share earned in the
year-ago quarter. Revenues were  $687.6 million  in the quarter, down 4 percent
from  $707.4 million  in the year-ago quarter. Sales were impacted by lower
metal surcharges in the Catalysts segment, more than offsetting volume growth. 
The Full Research Report on Albemarle Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free of
charge at: [http://www.WallStSource.com/r/full_research_report/a153_ALB]

--

RPM International Inc. Research Report

RPM International appointed  Salvatore D. Fazzolari  to its board of directors
earlier this year to replace  James A. Karman, who retired at the company's
annual meeting of shareholders on  October 4, 2012, after 50 years of service.
Fazzolari will serve on the audit committee as a Class II member of the RPM
board, with his term to expire in 2015. Meanwhile, the company saw its
second-quarter net income dip 17 percent as the maker of Rust-Oleum took a hit
on an investment in  India. RPM posted earnings of  $41.7 million, or  31 cents 
per share, down from  $49.9 million, or  38 cents  per share, in the same
quarter last year. Revenue meanwhile rose 11 percent to  $1.02 billion, beating
the expected  $997.7 million  by analysts. For full year 2013, the company
expects adjusted earnings of  $1.80 to $1.85  per share and revenue of  $4.08
billion to $4.16 billion. The Full Research Report on RPM International Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/be2e_RPM]

--

Olin Corporation Research Report

Olin's Winchester division won a  $14.5 million  contract to supply small
caliber ammunition to the U.S. Army, with an expected completion date of  August
30, 2014. Work on the order is to be performed at Winchester's operations in 
East Alton, Illinois. Meanwhile, the company reported total Q4 2012 sales of 
$587.6 million, up 32 percent year over year, and a profit in the recent quarter
of  $34.6 million, up 85 percent from the fourth quarter of 2011. For the full
year, Olin posted net income of$149.6 million on net sales of  $2.18 billion,
while shipments to military customers in 2012 were comparable to the prior year.
Forecast for 2013 will be net income in the range of  40 cents to 45 cents  per
diluted share. Chlor Alkali first quarter 2013 earnings are expected to decline
compared to the first quarter of 2012 due to lower volumes and pricing. The Full
Research Report on Olin Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/c1d2_OLN]

--

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