Clariant reports strong profitability on solid sales

05-Nov-2010 - Clariant announced sales of CHF 1.709 billion for the third quarter of 2010 compared to CHF 1.691 billion year on year. Sales growth in local currency amounted to 8%. Due to the appreciation of the Swiss Franc against most major currencies, sales growth in Swiss Francs was reduced to 1%. The ...

BP Returns to Profit in Third Quarter with Strong Operating Performance

03-Nov-2010 - BP announced that a strong operating performance across the group helped it return to profit in the third quarter of 2010 despite an additional pre-tax charge of $7.7 billion in respect of the Gulf of Mexico spill. Headline replacement cost profit for the third quarter was $1.8 billion, compared ...

GEA continues on successful path

Order intake up 20% on prior-year quarter

02-Nov-2010 - In the third quarter of 2010, GEA Group Aktiengesellschaft’s order intake increased by 19.8 percent compared with the previous year to EUR 1,153 million (Q3 2009: EUR 962 million), which represents year-on-year growth of 8.4 percent in the first nine months. The Company continues to expect a rise ...

Süd-Chemie reports marked upturn in business activity during first nine months of 2010

29-Oct-2010 - Süd-Chemie AG, Munich reported a positive performance for the first nine months of 2010. Following a weak start to the year, the specialty chemicals enterprise for catalysts and adsorbents recorded a marked upturn in business activity. Compared with the first three quarters of 2009, consolidated ...

Eastman to Sell Performance Polymers PET Business

29-Oct-2010 - Eastman Chemical Company announced it has entered into a definitive agreement with DAK Americas, LLC, to sell the PET business and related assets and technology of its Performance Polymers segment. The transaction is expected to close during the fourth quarter of 2010. The total cash proceeds of ...

Clariant announces final conclusions of its Global Asset Network Optimization (GANO) project

18-Oct-2010 - Clariant announced the final conclusions of its Global Asset Network Optimization (GANO) project which impact eight sites globally. The measures are part of the company's overall 2009/2010 restructuring program and will lead to a reduction of up to 100 positions worldwide. Implementation will be ...

Gerd Löbbert appointed Borealis Executive Vice President for Polyolefins

09-Sep-2010 - Borealis announced the move of Gerd Löbbert from his current position as Executive Vice President for Base Chemicals to the position of Executive Vice President for Polyolefins, effective October 1, 2010. Lorenzo Delorenzi, currently Executive Vice President for Polyolefins has decided to leave ...

Borealis announces changes in Film & Fibre and Moulding Business leadership

01-Sep-2010 - Borealis announced the promotion of Wim Roels, previously responsible for the Moulding business as Vice President, to Senior Vice President for the Business Unit Film & Fibre, effective August 1, 2010. Thierry Chevrier, coming from BASF, has been appointed his successor as Vice President Business ...

H&R WASAG AG posts record result for 1st half of 2010

17-Aug-2010 - H&R WASAG AG benefited considerably from the economic recovery in the 1st half of 2010 and is continuing on its growth path for the full year. While sales revenue climbed by over 60 per cent to €537.9 million, the company more than doubled its earnings per share to €0.88. EBITDA soared by 53.9% ...

Dow Corning reports sales and profits for second quarter of 2010

06-Aug-2010 - Dow Corning Corp. reported consolidated net income of $220.7 million for the second quarter of 2010, an increase of 91 percent from consolidated net income of $115.4 million reported for the second quarter of 2009. Adjusted net income for the second quarter of 2010 was $214.9 million and $115.5 ...