Hassan Ahmed News
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Dow Chemical Co., the largest U.S. chemical maker by sales, reported first-quarter profit that beat analysts’ estimates as corn-seed sales rose and lower raw- material costs boosted earnings from plastics.
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DuPont Co., the largest U.S. chemical company by market value, posted first-quarter earnings that exceeded analysts’ estimates as profit from crop seeds and pesticides hit a record and pigment demand began to recover.
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DuPont Co., the world’s biggest producer of titanium-dioxide pigment, is facing slimmer margins as prices in the $16.3 billion market are poised for the first two-year drop in a decade because of oversupply and weak demand.
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Dow Chemical Co., the chemical producer eliminating 2,400 jobs to cope with a slowing economy, reported better-than-expected third-quarter earnings as volumes rose and plastics output benefited from low-cost natural gas.
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Westlake Chemical Corp. withdrew its unsolicited $1.2 billion bid to buy Georgia Gulf Corp., North America’s largest maker of vinyl construction products, after the sweetened offer was rejected as too low.
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Westlake Chemical Corp., the U.S. plastics maker controlled by the Chao family, made a $1.03 billion unsolicited offer for Georgia Gulf Corp. to expand into vinyl construction products such as siding and window frames.
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Dow Chemical Co . and other ethylene producers will obtain higher prices as China Petrochemical Corp. cuts chemical output to bolster domestic fuel supplies, said an analyst at Alembic Global Advisors.
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Dow Chemical Co., the largest U.S. chemical maker by sales, said an arbitration panel ruled Kuwait must pay $2.16 billion in damages because it canceled a 2008 agreement to buy a stake in the company’s plastics business.
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Dow Chemical Co., the largest U.S. chemical maker by sales, said an arbitration panel ruled Kuwait must pay $2.16 billion in damages because it canceled a 2008 agreement to buy a stake in the company’s plastics business.
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DuPont Co., the world’s biggest maker of titanium dioxide pigment, will delay the start of a plant to make the whitening chemical by as much as a year because of weak demand.
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