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Diversified Chemicals

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Pidilite Industries June-qtr profit rises

Friday, 29 Jul 2016 04:50am EDT

Pidilite Industries Ltd : June-quarter net profit 2.72 billion rupees versus 2.26 billion rupees last year . June-quarter total income from operations 14.89 billion rupees versus 13.91 billion rupees last year .

Solvay Q2 underlying EBITDA up 8 pct at 652 mln euros

Friday, 29 Jul 2016 01:00am EDT

Solvay SA : Q2 net income, Solvay share, on an IFRS basis was 185 million euros ($205.0 million) versus 138 million euros in 2015 . Q2 net sales totaled 2,946 million euros, down 6 pct . Q2 underlying EBITDA grew 8 pct at 652 million euros . Reaffirms its full year 2016 guidance of high single-digit underlying EBITDA growth and free cash flow in excess of 650 million euros .Says EBITDA growth will be underpinned by excellence programs and delivery of Cytec synergies..

Dow reports Q2 sales of $12 billion

Thursday, 28 Jul 2016 06:45am EDT

Dow Chemical Co : Dow reports second quarter results . Q2 sales $12 billion versus I/B/E/S view $11.24 billion . "Continue to see healthy demand in North America, led by the strength of the consumer" . "Continue to see favorable conditions and robust demand in our core consumer-led markets ... throughout the world" . "Measured recovery in Europe continues, despite heightened geopolitical uncertainties" ."Latin America is showing early signs of improvement from a low base".

Dow Chemical Q2 earnings per share on an operating basis $0.95

Thursday, 28 Jul 2016 06:45am EDT

Dow Chemical Co : Q2 earnings per share on an operating basis $0.95;‍​ Q2 earnings per share $2.61 on a reported basis . Q2 sales were $12.0 billion, down 7 percent . Agricultural Sciences reported second quarter sales of $1.6 billion, down from $1.7 billion . Performance Plastics reported second quarter sales of $4.7 billion, down from $4.8 billion . "The pace of economic growth remains uneven across the major geographies"; "Latin America is showing early signs of improvement from a low base" . Performance Materials & Chemicals reported second quarter sales of $2.3 billion, down from $3.2 billion .Q2 earnings per share view $0.85, revenue view $11.24 billion -- Thomson Reuters I/B/E/S.

PolyOne rpeorts Q2 EPS of $0.59

Wednesday, 27 Jul 2016 06:59am EDT

PolyOne Corp : Q2 revenue $862 million versus $887 million . Q2 earnings per share view $0.61, revenue view $878.1 million -- Thomson Reuters I/B/E/S . Q2 GAAP earnings per share $0.59 .Q2 adjusted earnings per share $0.63.

Mitsubishi Chemical Holdings says notice regarding reorganization of purified terephtharic acid business in India and China

Wednesday, 27 Jul 2016 04:56am EDT

Mitsubishi Chemical Holdings Corp <4188.T>: Says it resolved to transfer the equity interests that its consolidated subsidiary Mitsubishi Chemical Corporation (MCC) holds in MCC subsidiaries MCC PTA India Corp. Private Limited (MCPI) and Ningbo Mitsubishi Chemical Co., Ltd. (NMC), which engage in the purified terephtalic acid (PTA) business; and MCC Advanced Polymers Ningbo Co., Ltd. (MAP), which engages in the poly tetramethylene ether glycol (PTMG) business . Says MCC will convert its loans to MCPI into MCPI common shares, and increase MCPI capital share with MCC as underwriter by the share transfer date (scheduled for the end of October). This will increase the percentage of the MCPI common shares held by MCC to a maximum of 99.4 percent. After completion of the above capital increase, MCC will transfer all the shares except for a shareholding ratio of 9 percent to Chatterjee Management Company on the share transfer date.

Ashland reports prelim Q3 shr $1.95 from cont ops, expects Q4 sales of $520-$540 mln

Tuesday, 26 Jul 2016 05:00pm EDT

Ashland Inc : Ashland Inc. Reports preliminary financial results for third quarter of fiscal 2016 . Looking ahead to ASI's fiscal Q4, have forecast continued weakness in emerging regions . Sees Q4 sales are expected to be in range of approximately $520-$540 million . Sees expected EBITDA margins of 24-24.5 percent for q4 . Sees Q4 ebitda margins of 24-24.5 percent . For Q4, expect ashland performance materials's sales to be in range of $220-$240 million . Q3 adjusted earnings per share $1.95 from continuing operations . Q3 earnings per share $1.55 from continuing operations . Q3 sales $1.3 billion versus i/b/e/s view $1.32 billion . Q3 earnings per share view $2.04 -- Thomson Reuters I/B/E/S .Says "remain on track for separation".

Polyone acquires Gordon Composites and Polystrand

Tuesday, 26 Jul 2016 05:00pm EDT

Polyone Corp : Polyone acquires Gordon Composites and Polystrand . Purchase price for both businesses was $85.5 million. . Expects acquisitions to add $40 million to revenues and be accretive to earnings in 2017 .Purchase price includes all assets related to businesses, including intellectual property, trademarks and production assets.

Mitsubishi Chemical to sell off its Chinese, Indian operations that make a polyester feedstock - Nikkei

Tuesday, 26 Jul 2016 01:20pm EDT

: Mitsubishi Chemical Holdings will sell off its Chinese, Indian operations that make polyester feedstock in light of persistent glut of the acid - Nikkei . Mitsubishi Chemical will unload shares in Chinese unit to an oil refinery in Ningbo, Zhejiang province, and those in Indian unit to a U.S. fund - Nikkei . Mitsubishi Chemical's two transactions are expected to total 10 bln yen to 20 bln yen ($95.5 mln to $191 mln) - Nikkei .Mitsubishi Chemical will keep its PTA business in Indonesia, as well as one in South Korea - Nikkei.

FMC accelerates battery grade lithium hydroxide expansion with multi-year supply agreement

Monday, 25 Jul 2016 06:45am EDT

Press Release : Over next several years, fmc plans to further increase capacity of lithium hydroxide, raising co's annual output to at least 30,000 metric tons . Fmc corporation accelerates battery grade lithium hydroxide expansion following execution of multi-year supply agreement with major manufacturer of electric vehicles .Additional 4,000 metric ton expansion will come on line in 2017, raising company's total global lithium hydroxide capacity to 18,000 metric tons.

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