Chemicals – Major Diversified
(DOW) Three More Industries Thriving From Record-Low Natural Gas Prices
by Mike Kapsch, Investment U Research Tuesday, January 24, 2012 Since hitting a high of $15.37 in December 2005, the price of natural gas has plunged to its lowest level in over a decade to $2.30. That’s an 85% drop. As Reuters recently reported, “The unrelenting surge in...
31Jan2012 | InvestmentU | 0 comments | Continued(EMN) Eastman Chemical to Acquire Solutia
As part of its expansion strategy, Eastman Chemical Company (EMN) announced its plans to acquire Solutia Inc. (SOA), a global leader in performance materials and specialty chemicals, for $3.4 billion in cash and stock. The transaction is expected to close in mid-2012. As per...
31Jan2012 | vitalstocks | 0 comments | Continued(CE) Celanese Corporation – Bull of the Day
Celanese Corporation (CE) reported adjusted earnings of $1.27 per share for the third quarter of 2011, beating the Zacks Consensus Estimate of $1.11. Quarterly revenues grew 20% year over year to $1.81 billion, primarily driven by higher pricing across all operating segments...
14Dec2011 | vitalstocks | 0 comments | Continued(DD) E. I. Du Pont de Nemours and Company and Base Resources In Titanium Sale Deal
E. I. Du Pont de Nemours and Company (DD) has signed a purchase agreement with Australia’s Base Resources to buy products from Base’s titanium mining project in Kenya. Under the deal DuPont is expected to purchase a minimum average of about 72% of annual rutile output from...
28Nov2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Expands Production Capacity
Eastman Chemical Company (EMN) has announced that it has completed the expansion of its facility for hydrogenated hydrocarbon resins located in Middelburg, Netherlands. This is the third expansion to its Regalite hydrogenated hydrocarbon resins. This expansion has increased the...
28Nov2011 | vitalstocks | 0 comments | Continued(CE) Celanese Acquires Ashland Assets
Celanese Corporation (CE) entered into an agreement to acquire polyvinyl acetate assets from Ashland Inc. (ASH), including two product lines, Vinac and Flexbond. The transaction is expected to close within 60 days, subject to satisfaction of closing conditions. Terms were not...
12Nov2011 | vitalstocks | 0 comments | Continued(SHW) Sherwin-Williams Third Quarter 2011 Earnings Preview
Sherwin-Williams Co. (SHW) will release its results for the third quarter of 2011 before the market opens on October 25, 2011. Sherwin-Williams reported net earnings of $1.58 per share in the second quarter of 2011 missing the Zacks Consensus Estimate of $1.77 per share. However,...
26Oct2011 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours Wins Kevlar Case
US chemical giant EI DuPont de Nemours & Co. (DD) has won a civil lawsuit for $919.9 million in the U.S. District Court for the Eastern District of Virginia in Richmond, Va., against Kolon Industries, with the jury finding that Kolon stole trade secrets and confidential information...
19Sep2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical on Expansion Spree
Eastman Chemical Company (EMN) expanded its Benzoflex plasticizer production line at the Estonia location for the second time. The move will boost the Benzoflex production capacity by 11,000 metric tons and is expected to be completed by the end of second-quarter 2012. Eastman...
15Sep2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Completes Sterling Buy
The plastics and chemicals maker Eastman Chemical Co. (EMN) announced that it has completed the acquisition of petrochemical company Sterling Chemicals Inc. for $100 million in cash. The deal was originally announced in June 2011. The deal is expected to be accretive to 2011...
11Aug2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Announces 2 For 1 Stock Split
The plastics and chemicals maker Eastman Chemical Co. (EMN) announced that it will increase the payout to its shareholders. The Kingsport-based company declared a 2-for-1 stock split and increased the quarterly cash dividend by 11%. Eastman announced that it will pay a dividend...
9Aug2011 | vitalstocks | 0 comments | Continued(DD) U.S. Trade Deficit Soars in May
The Trade Deficit rose in May to $50.23 billion from $43.66 billion in April. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 15.0%; worse than the $44.0 billion consensus expectation. On a year over year basis,...
5Aug2011 | vitalstocks | 0 comments | Continued(DD) U.S. Posts Needed Positive Labor Market Report
The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained...
28Jul2011 | vitalstocks | 0 comments | Continued(DD) July 28: Positive Labor Market Report – Economic Highlights
The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained...
28Jul2011 | vitalstocks | 0 comments | Continued(SHW) Sherwin Renews Credit Facility
The Sherwin-Williams Company (SHW) has recently entered into a 5-year $1.05 billion New Credit Agreement, with lenders including Bank of America Corporation (BAC) as an administrative agent, Wells Fargo & Company (WFC) as syndication agent and JPMorgan Chase & Co. (JPM)...
14Jul2011 | vitalstocks | 0 comments | Continued(DOW) The Dow Chemical Company in Joint Venture with Ube Industries
The largest U.S. chemicals manufacturer, The Dow Chemical Company (DOW) and Japanese chemical company Ube Industries Ltd. entered into a joint venture to capitalize on the growing demand for lithium-ion batteries and expand its alternative energy offerings. The Midland, MI-based...
8Jul2011 | vitalstocks | 0 comments | Continued(CE) Celanese to Increase Product Prices
Effective August 1, 2011, specialty materials company, Celanese Corporation’s (CE) subsidiary Celanese EVA Performance Polymers Inc., will increase the price of all grades of Ateva EVA by $0.08 per pound and all grades of LDPE by $0.06 per pound. Last month, Celanese reported...
8Jul2011 | vitalstocks | 0 comments | Continued(SHW) Sherwin Williams Analyst Maintains Neutral on Shares
We are maintaining our Neutral recommendation on Sherwin Williams Company (SHW) as it is recovering with improving domestic and international sales of automotive finishes, original equipment manufacturers’ product finishes, and protective and marine coatings. The Paint segment...
6Jul2011 | vitalstocks | 0 comments | Continued(APD) Air Products & Chemicals Lands Contract
The industrial gas company Air Products & Chemicals Inc. (APD) announced that it has been elected to supply its heat exchanger technology to Shell’s floating liquefied natural gas (LNG) project in Australia. According to Air Products, Shell’s project will use its...
4Jul2011 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical’s Trinseo Files for IPO
Trinseo SA, the plastics maker owned by The Dow Chemical Co. (DOW) and Bain Capital LLC has announced that it has filed for an initial public offering to raise up to $400 million for repaying loans and other corporate purposes. Trinseo was previously known as Styron Corp and...
29Jun2011 | vitalstocks | 0 comments | Continued(CE) Celanese Starts VAE’s Production
Celanese Corporation (CE) started production in its expanded vinyl acetate/ethylene (VAE) unit located at Nanjing Chemical Industrial Park in China. The capacity expansion leverages the company’s improved VAE technology. The expanded unit will address the growing demand for...
26Jun2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical to Buy Sterling Chemicals
Eastman Chemical Company (EMN) announced that it will acquire Sterling Chemicals Inc. (SCHI) for $100 million in cash in order to boost its plasticizer product line. The deal is expected to close in the third quarter of 2011. The transaction, which includes Sterling’s plasticizer...
23Jun2011 | vitalstocks | 0 comments | Continued(CE) Celanese Hikes Product Prices
Effective July 1, 2011, specialty materials company Celanese Corp. (CE) will increase the prices of acetic acid, Acetic Anhydride, MIBC and MIBK by $0.03/LB and that of Vinyl Acetate Monomer and Ethyl Acetate by $0.05/LB in the US, Canada and Mexico. A few days back, Celanese...
22Jun2011 | vitalstocks | 0 comments | Continued(APD) Air Products & Chemicals Launches New Mill
Air Products & Chemicals Inc. (APD) intends to launch its new PolarFit ultra-fine-grinding mill at PTX Canada in Toronto starting from June 21 to June 23. The new PolarFit ultra-fine-grinding mill offers advance technology while providing a cost-effective way to reduce hard-to-grind...
22Jun2011 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals Analyst Maintains Neutral on Shares
We maintain our Neutral recommendation on Air Products and Chemicals Inc. (APD) as it is well positioned to capitalize on the cyclical recovery in its core industrial end-markets. The company has sufficient capacity to meet the expected upturn in demand without incurring additional...
22Jun2011 | vitalstocks | 0 comments | Continued(SHW) U.S. Used Home Sales – Prices Fall
In May, Existing Home Sales ran at a seasonally adjusted annual rate of 4.81 million. That pace is 3.1% lower than in April, and 15.3% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was slightly...
21Jun2011 | vitalstocks | 0 comments | Continued(APD) Air Products & Chemicals Acquires Poly-Flow Engineering
The industrial gas company Air Products & Chemicals Inc. (APD) announced that it has acquired Poly-Flow Engineering (PFE), an Albuquerque, N.M., company that makes equipment for the semiconductor industry for an undisclosed amount. Poly-Flow makes chemical delivery and precision...
20Jun2011 | vitalstocks | 0 comments | Continued(DOW) The Dow Chemical Company Invests $10B in China
Chemical giant The Dow Chemical Company (DOW) plans to invest $10 billion in China. The $10 billion fund will cover a coal chemical project in the northern Chinese province of Shaanxi, where the chemical giant will join forces with Shenhua Group Corp. and the local government. During...
19Jun2011 | vitalstocks | 0 comments | Continued(SHW) Used Home Sales Down – Inventories Up
In April, Existing Home Sales ran at a seasonally adjusted annual rate of 5.05 million. That pace is 0.8% lower than in March, and 12.9% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was below...
28May2011 | vitalstocks | 0 comments | Continued(BASFY) BASF SE Rated Good Buy
ValuEngine.com Rates Chemical Giant BASF SE (BASFY,$BASFY) a Good Buy BASF SE (BASFY) is a chemical company. The Company operates in six segments: Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions and Oil & Gas. Chemicals segment offers...
25May2011 | valuengine | 0 comments | Continued