Diversified Chemicals

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Mitsubishi Chemical Holdings Corp raises consolidated full-year outlook for FY 2015

Wednesday, 26 Nov 2014 11:30pm EST

Mitsubishi Chemical Holdings Corp:Says the company increased the consolidated full-year outlook for revenue to 3,680,000 million yen from 3,530,000 million yen for FY ending March 2015.Operating profit forecast increased to 160,000 million yen from 136,000 million yen.Ordinary profit forecast increased to 153,000 million yen from 127,000 million yen.Net profit forecast increased to 47,000 million yen from 38,000 million yen.Earnings per share increased to 31.91 yen from 25.81 yen.FY 2015 revenues of 3,615.49 billion yen, net income of 52.70 billion yen – Thomson Reuters I/B/E/S.Comments the recent raw material price, trend of exchange and acquisition of Taiyo Nippon Sanso Corporation into subsidiary are the main reasons for the forecast.

Samsung Fine Chemicals to sell entire shares of SAMSUNG GENERAL CHEMICALS CO.,LTD.

Tuesday, 25 Nov 2014 07:03pm EST

Samsung Fine Chemicals Co Ltd:To sell entire 1,744,623 shares of SAMSUNG GENERAL CHEMICALS CO.,LTD. (target company), which is engaged in the manufacturing of pure terephthalic acid (PTA).Transaction price of 57,861,432,146 won.To hold 0 pct stake in the targe company, after the transaction.

Johnson Matthey PLC gives H2, FY 2015 guidance

Thursday, 20 Nov 2014 02:00am EST

Johnson Matthey PLC:Expects H2 2015 good underlying growth compared to the same period H2 2014.Expects FY 2015 group's performance to be slightly ahead of FY 2014.

Purchase agreements for assets of Hansa Group AG renewed at new conditions

Wednesday, 19 Nov 2014 12:55pm EST

Hansa Group AG:Says Management Board has concluded purchase agreements for assets of HANSA GROUP AG and its subsidiaries LUHNS GmbH, WASCHMITTELWERK GENTHIN GmbH and Chemische Fabrik WIBARCO GmbH with GEMINI Holding AG.Says parties renewed purchase agreements with partially amended terms.Says business operations of production sites will be continued by new owner.

Hansa Group AG says purchase agreements renewed and completed with changed conditions

Tuesday, 18 Nov 2014 06:56pm EST

Hansa Group AG:Says purchase agreements for assets of Hansa Group AG and its subsidiaries renewed and completed with changed conditions.Says Executive Board had completed purchase agreements for assets of Hansa Group and its subsidiaries Luhns GmbH, Washmittelwerk Genthin GmbH and Chemische Fabrik Wibarco GmbH to GEMINI Holding AG.

Ashland Inc elects William A. Wulfsohn as chairman and chief executive officer

Friday, 14 Nov 2014 08:00am EST

Ashland Inc:Says board has moved forward with its ongoing integrated succession and strategic plan by electing William A. Wulfsohn as the company's new chairman and chief executive officer, effective Jan. 1, 2015.Wulfsohn succeeds James J. O'Brien, who earlier this year announced plans to retire at the end of Dec. after serving 12 years as chairman and CEO.

Hansa Group AG says takeover agreement with Gemini Holding not yet fully effective

Thursday, 13 Nov 2014 03:30pm EST

Hansa Group AG:Says its creditors decide that Hansa should continue operations if it can cover its costs.Says that takeover agreement with Gemini Holding not yet fully effective.

Dow Chemical Co to reduce equity base in Kuwaiti Joint Ventures

Wednesday, 12 Nov 2014 02:10pm EST

Dow Chemical Co:Says with reference to the prior announcement of its intention to rationalize its investments in certain joint ventures.Dow will reconfigure and reduce its equity base in the MEGlobal and Greater EQUATE joint ventures, including The Kuwait Olefins Company (TKOC) and The Kuwait Styrene Company (TKSC), through a divestment of a portion of the Company's interests in these ventures.Expects such transaction(s) to be completed by mid-2015.While Dow will retain a substantial stake in these long-term partnerships, this effort will open opportunities for new investment in these and growing enterprises.

Dow Chemical Co announces sale of ANGUS Chemical Company

Wednesday, 12 Nov 2014 02:05pm EST

Dow Chemical Co:Announces that it has signed a definitive agreement under which ANGUS Chemical Company (ANGUS) will be sold to Golden Gate Capital for $1.215 billion.Transaction is expected to close during the first quarter of 2015, subject to completion of customary regulatory filings.Divestiture of ANGUS includes the business headquarters and R&D facility in Buffalo Grove, IL; manufacturing facilities; as well as the associated business, inventory, customer contracts, process technology, business know-how and certain intellectual property.

Dow Chemical Co declares dividend; announces new $5 bln tranche to share repurchase program, bringing total to $9.5 bln

Wednesday, 12 Nov 2014 07:30am EST

Dow Chemical Co:Declares 14 pct increase in the company's dividend, from $0.37 per share to $0.42 per share in the fourth quarter.Payable on Jan. 30, 2015.Says to shareholders of record on Dec. 31.This brings the company's annualized dividend to $1.68 per share.Company announces new $5 bln tranche to its share repurchase program, bringing the total program to $9.5 bln.

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