Diversified Chemicals

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TOMEN ELECTRONICS announces partial change to article of incorporation to enable full acquisition by Toyota Tsusho

Friday, 24 Oct 2014 02:30am EDT

TOMEN ELECTRONICS CORP:Received shareholders' approval to make partial change to its article of incorporation to enable Toyota Tsusho to wholly own TOMEN ELECTRONICS.Toyota Tsusho conducted a takeover bid for the shares of TOMEN ELECTRONICS, acquiring 9,677,708 shares in the company.As Toyota Tsusho intends to wholly own the company, TOMEN ELECTRONICS will make a change to its article of incorporation to issue Class A classified stock, with 1/6,000,000 share of Class A share to be exchanged with one share of TOMEN ELECTRONICS' common stock on Dec. 30.TOMEN ELECTRONICS' stock will be delisted from Tokyo Stock Exchange, effective Dec. 25.

BASF SE comments on FY 2014 and FY 2015 outlook

Thursday, 23 Oct 2014 08:00pm EDT

BASF SE:Says outlook 2014: continues to strive for slight increase in EBIT before special items in challenging environment.Says from today’s point of view, will not achieve its financial targets for FY 2015 (sales: 80 billion euros; EBITDA: 14 billion euros).Says growth rates for gross domestic product, industry and chemical production for 2010 to 2015 are lower than originally expected.Says for 2015, now expects sales and EBITDA to be in line with market expectations, for EBITDA, they are between 10 billion euros and 12 billion euros.FY 2015 EBITDA estimate 11,124 million euros - Thomson Reuters I/B/E/S.

Kemira maintains FY 2014 outlook-Reuters

Wednesday, 22 Oct 2014 01:52am EDT

Kemira Oyj:Maintains its FY 2014, expecting slight organic revenue growth and an operative earnings before interests, taxes, depreciation and amortization approximately flat-Reuters.

Mitsubishi Chemical Holdings Corp revises consolidated mid-year outlook for FY 2015

Wednesday, 22 Oct 2014 12:30am EDT

Mitsubishi Chemical Holdings Corp:Says the company lowered the consolidated mid-year outlook for revenue to 1,672,000 million yen from 1,720,000 million yen for FY ending March 2015.Operating profit forecast increased to 73,500 million yen from 56,500 million yen.Ordinary profit forecast increased to 76,000 million yen from 52,000 million yen.Net profit forecast increased to 33,000 million yen from 10,000 million yen.Earnings per share increased to 22.41 yen from 6.79 yen.Comments the extraordinary profit and costs reduction are the main reasons for the forecast.


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