Ecolab today confirmed that it expects first-quarter adjusted earnings to total $1.05–1.13/share, up 2–10% year on year (YOY) from $1.03/share in the year-ago quarter. The figure includes a negative impact of 5 cents/share from coronavirus disease 2019 (COVID-19).
Wacker Chemie (Munich, Germany) today confirmed its 2019 full-year results, including a net loss of €630 million ($700 million), the largest in the company’s history, on a polysilicon impairment charge of €760 million.
Asian Paints (Mumbai, India) says that in view of the lockdown due to the outbreak of coronavirus disease 2019 (COVID-19) in many states across the country, its operations in most locations have been disrupted.
Toyo Ink says the coronavirus disease 2019 (COVID-19) outbreak will “negatively impact its results for the period and operations, with China bearing the brunt of the fallout at this stage.” The company operates 10 bases and employs a workforce of 2,000 in China.
DIC Corp. (Tokyo, Japan) tells CW that it has restarted operations at most of its sites in China since February. Plants closed for longer than normal at the Lunar New Year due to coronavirus disease 2019 (COVID-19).
Leading Europe-based companies are taking measures to protect their employees from coronavirus disease 2019 (COVID-19). In Italy, the worst-affected European country, the government on Monday extended its emergency COVID-19 measures, which include travel restrictions and a ban on public gatherings, from northern Italy to include the entire country.
The market for emission-control catalysts was worth $13.6 billion in 2019, excluding the value of the precious metals that go into this market, and is expected to grow about 2%/year through 2024, according to a recent report by IHS Markit.
The worldwide market for chemicals used in the production of printed circuit boards (PCBs) and for semiconductor packaging materials declined to $22.9 billion in 2019 from $23.3 billion in 2018, according to a recent report by IHS Markit.
DuPont said today that executive chairman Edward Breen would return to the CEO role as it removed CEO Mark Doyle and CFO Jeanmarie Desmond from their positions.
The mood was generally upbeat at Specialty & Custom Chemicals America, held this week in Fort Worth, Texas.
The worldwide market for printing inks was worth $18.6 billion in 2018, and is set to grow at a compound annual rate of 1.3% during the period 2018–23, according to IHS Markit.
The American Chemistry Council (ACC) reported that its US specialty chemicals index declined by 0.4% in November 2019 versus the year-ago figure.
Socma president Jennifer Abril joins the podcast to discuss her career and the progression of women in the specialty chemicals industry. Live from Specialty & Custom Chemicals America in Fort Worth, Texas. Listen to the full episode.