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Diversified Chemicals

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

5:00pm 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

5:00pm 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

1:20pm 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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