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February (2024)
SI Group: Strategic Partnership with Liaoning Dingjide Petrochemical Co., Ltd Link...
SI Group has announced a long-term supply partnership with Liaoning Dingjide Petrochemical Co., Ltd. a Chinese-based manufacturer of additives and other specialty chemicals. Through the partnership, Dingjide will manufacture certain SI Group products in China as a co-producer. As a result of the supply agreement, SI Group will cease manufacturing operations at its Jinshan, China manufacturing facility and list the property and associated legal entity for sale.
August (2023)
Mitsui Chemicals: Groundbreaking for New TAFMER™ Plant in Singapore Link...
Mitsui Chemicals, Inc. held the groundbreaking ceremony for a new plant to produce the high-performance elastomer TAFMER™ at its Singapore-based wholly owned subsidiary Mitsui Elastomers Singapore Pte Ltd. TAFMER™ is used both as a soft molding material and as a resin modifier that dramatically improves resin properties. Its flexibility and lightness have resulted in TAFMER™ being used across a wide range of fields, including solar cell components, packaging materials, engineering plastic modifiers, sports shoes and automotive parts.
April (2023)
Flexsys: Cooperative R&D For Potential Alternatives to 6PPD Link...
Flexsys has announced the signing of a Cooperative Research and Development Agreement between FLEXSYS and the U.S. Department of Agriculture Agricultural Research Service (USDA-ARS) to explore potential alternatives for 6-para-phenylene-diamine (6PPD). With very little basic research having been performed in the past fifty years on 6PPD alternatives, there are no known, commercially viable replacements for 6PPD that exhibit equivalent or better passenger safety, tire performance and anti-degradation properties.
October (2022)
Mitsui Chemicals: To Produce Chemically Recycled Polyethylene Derived from Plastic Waste Link...
Mitsui Chemicals, Inc. has signed a memorandum of understanding with Shell Eastern Petroleum (Pte) Ltd, to agree on a supply of ethylene derived from plastic waste. In turn, Prime Polymer Co., Ltd. – part of the Mitsui Chemicals Group – will begin efforts toward the production of chemically recycled polyethylene derived from plastic waste via subsidiary Prime Evolue Singapore Pte. Ltd. International Sustainability and Carbon Certification, a globally applicable sustainability certification system, has issued Shell’s plastic-waste-derived ethylene ISCC PLUS certification, which finds wide use as a system for certifying biomass-based and recycled raw materials. This ethylene can then be used via the mass balance method – a trusted approach based on ISCC PLUS certification – to enable the creation of polyethylene that is derived from plastic waste while still providing the same properties as more conventional polyethylene. Prime Evolue Singapore will leverage this ethylene to supply plastic-waste-derived circular polyethylene as a new part of the Evolue™ lineup it manufactures and sells. Mitsui Chemicals and Prime Polymer are looking to achieve carbon neutrality by 2050 through a two-pronged approach that combines recycling with a biomass transition for chemicals and plastics. And the recycling of plastic waste is expected to be a crucial strategic element in the push for such a circular economy.
June (2022)
Everzinc: Aterian Combines US Zinc with EverZinc Forming World's Largest Zinc Speciality Company Link...
Aterian Investment Partners has combined US.ZINC and EverZinc, two of the largest global producers of zinc chemical products, to form a global zinc chemistry business. The combined company will operate under the EverZinc name, and will be headquartered in Houston, Texas.
November (2021)
SI Group: Global Rubber and Adhesive Additives Price Increases Link...
SI Group are increasing prices for its rubber and adhesive additives. Pricing for impacted products will increase by up to 25%, effective immediately or as contracts allow.The increases come as a result of significant inflationary pressures impacting the cost of materials, transportation and operations, as well as regional demand increases.
Flexsys: One Rock Capital Partners Completes Acquisition of Eastman's Tire Additives Business and Renames Company Flexsys Link...
One Rock Capital Partners, LLC has completed the acquisition of Eastman Chemical Company's tire additives business and ahs renamed the company Flexsys as a tribute to the legacy name of the business.
August (2021)
Eastman: 2021 Q2 Results Link...
Eastman: Strong demand recovery for AFP with 23% volume growth and 9% increase in selling prices due to raw material costs. Eastman has entered into a definitive agreement with an affiliate of One Rock Capital Partners to sell products and related assests of its tire additives business including Crystex™ insoluble sulfur and Santoflex™ antidegradants. The sale does not include Impera™ and other performance resins product lines. Revenue for the tire additives product line represented 14 percent of Additives & Functional Products segment revenue in 2020. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2021/2 | 2653.0 | 1924.0 | 37.9 | | | All Segments | adjEBIT | 2021/2 | 454.0 | 195.0 | 132.8 | | | All Segments | EBIT | 2021/2 | -56.0 | 54.0 | -203.7 | 1 | | All Segments | Net Margin | 2021/2 | -144.0 | 30.0 | -580.0 | | | Additives Functional Products | Sales Revenue | 2021/2 | 925.0 | 685.0 | 35.0 | 2 | | Additives Functional Products | adjEBIT | 2021/2 | 132.0 | 72.0 | 83.3 | | | Additives Functional Products | EBIT | 2021/2 | -368.0 | -56.0 | -557.1 | 3 |
April (2021)
Eastman: 2021 Q1 Results Link...
Eastman: AFP Segment: Recovery in transportation end markets excluding aviation. Higher raw material and distribution costs. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2021/1 | 2409.0 | 2241.0 | 7.5 | | | All Segments | adjEBIT | 2021/1 | 400.0 | 382.0 | 4.7 | | | All Segments | EBIT | 2021/1 | 389.0 | 368.0 | 5.7 | | | All Segments | Net Margin | 2021/1 | 277.0 | 258.0 | 7.4 | | | Additives Functional Products | Sales Revenue | 2021/1 | 871.0 | 822.0 | 6.0 | 1 | | Additives Functional Products | adjEBIT | 2021/1 | 137.0 | 149.0 | -8.1 | | | Additives Functional Products | EBIT | 2021/1 | 135.0 | 143.0 | -5.6 | |
January (2021)
Eastman: 2020 Q4 Results Link...
Eastman: AFP Segment: The decline in price was mostly due to lower raw material prices and competitive pressure in product lines constituting about one-third of AFP segment revenues (including adhesives and tire additives) that are under strategic review. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2020/4 | 2186.0 | 2205.0 | -.9 | | | All Segments | adjEBIT | 2020/4 | 329.0 | 279.0 | 17.9 | | | All Segments | EBIT | 2020/4 | 76.0 | 62.0 | 22.6 | | | All Segments | Net Margin | 2020/4 | 34.0 | 26.0 | 30.8 | | | Additives Functional Products | Sales Revenue | 2020/4 | 773.0 | 763.0 | 1.3 | 1 | | Additives Functional Products | adjEBIT | 2020/4 | 118.0 | 109.0 | 8.3 | |
ExxonMobil: Introduces Santoprene TPV™ with Improved Sustainability Link...
ExxonMobil has introduced new Santoprene™ integrated TPV system solutions improving performance and sustainability for automotive weatherstrip seals. The system solutions are enabled by two new TPV grades which, when used together, are designed to replace EPDM rubber. Santoprene™ R² TPV includes post-consumer recycled (PCR) material and Santoprene™ High Resilience (HR) TPV offers elastic recovery performance comparable to EPDM, which can be difficult to recycle. For other mechanical properties, both grades deliver a similar performance to EPDM. Up to now Santoprene™ TPV has been successful for static and less demanding semi-dynamic applications with EPDM being chosen for highly demanding semi-dynamic and dynamic seals. The new improved performance Santoprene™ HR TPV provides the possiblity for use in more dynamic applications as a replacement to EPDM.
TRADE: Indian Government Not Imposing Anti-Dumping Duty on Carbon Black Imports from China and Russia Link...
Following a sunset review of anti-dumping duties on 'Carbon Black for Rubber Applications' from China and Russia, the Indian Government has decided not to impose duties.
December (2020)
SI Group: Price Increase for Rubber and Adhesive Additives Link...
SI Group has announced a price increase for its rubber and adhesive additives. The price increases range from 15 to 20% and are effective immediately or as contracts allow. Dynamic market conditions for rubber and adhesive additives was cited at the reason for the price increases, allowing the company to continue providing high quality products with first-rate supply security to customers.
October (2020)
Eastman: 2020 Q3 Results Link...
Eastman: Strong recovery in Q3 2020 with asset utilisation rates increasing significantly. Cost reductions in Q3 were around $50 million YoY. Cost reductions continue including supply chain optimisation, digitisation and productivity improvements. AFP segment volumes increased 8% QoQ, pricing for tire additives were impacted YoY due to increased competition. Cost pass through contracts also contributed to lower selling prices. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2020/3 | 2122.0 | 2325.0 | -8.7 | | | All Segments | EBIT | 2020/3 | 243.0 | 367.0 | -33.8 | | | All Segments | Net Margin | 2020/3 | 165.0 | 267.0 | -38.2 | | | Additives Functional Products | Sales Revenue | 2020/3 | 742.0 | 832.0 | -10.8 | 1 | | Additives Functional Products | EBIT | 2020/3 | 107.0 | 144.0 | -25.7 | |
August (2020)
Eastman: 2020 Q2 Results Link...
Eastman: Increasing actions to structurally reduce costs by > $200MM by end 2022. Short-term cost management actions on track for approx. $150 MM savings in 2020. Leveraging diverse portfolio and innovation pipeline. Site optimisation (including closure and portfolio optimisation) in progress for AFP segment which is impacting some tire product lines. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2020/2 | 1924.0 | 2363.0 | -18.6 | | | All Segments | adjEBIT | 2020/2 | 195.0 | 389.0 | -49.9 | | | All Segments | EBIT | 2020/2 | 54.0 | 371.0 | -85.4 | | | All Segments | Net Margin | 2020/2 | 30.0 | 259.0 | -88.4 | | | Additives Functional Products | Sales Revenue | 2020/2 | 685.0 | 823.0 | -16.8 | 1 | | Additives Functional Products | adjEBIT | 2020/2 | 72.0 | 147.0 | -51.0 | |
May (2020)
Eastman: 2020 Q1 Results Link...
Eastman: Robust results in a challenging environment due to diverse market coverage. Prospects for Q2 sales revenue: highly impacted sectors (auto, tire, aviation) will be down about 40%, mixed impact sectors (construction, durables, electronics, industrial chemicals) will be down about 15% with resilient sectors (consumables, medical, food, personal care, water treatment, tabacco) at similar prior period levels. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2020/1 | 2241.0 | 2380.0 | -5.8 | 1 | | All Segments | EBIT | 2020/1 | 368.0 | 320.0 | 15.0 | | | All Segments | Net Margin | 2020/1 | 258.0 | 209.0 | 23.4 | | | Additives Functional Products | Sales Revenue | 2020/1 | 822.0 | 855.0 | -3.9 | 2 | | Additives Functional Products | EBIT | 2020/1 | 143.0 | 146.0 | -2.1 | |
February (2020)
Eastman: 2019 FY and Q4 Results Link...
Eastman: Additives & Functional Products (AFP) revenue decreased due to lower volumes, selling prices and unfavourable forex. EBIT decreased due to lowers sales volume, product mix and forex. 2020 outlook includes 1/3rd of AFP identified for improvement actions (further details to follow) as part of site and/or portfolio optimisation. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2019 | 9273.0 | 10151.0 | -8.6 | | | All Segments | adjEBIT | 2019 | 1389.0 | 1633.0 | -14.9 | | | All Segments | EBIT | 2019 | 1120.0 | 1552.0 | -27.8 | | | All Segments | Net Margin | 2019 | 759.0 | 1084.0 | -30.0 | | | Additives Functional Products | Sales Revenue | 2019 | 3273.0 | 3647.0 | -10.3 | 1 | | Additives Functional Products | adjEBIT | 2019 | 550.0 | 671.0 | -18.0 | | | Additives Functional Products | EBIT | 2019 | 496.0 | 639.0 | -22.4 | | | All Segments | Sales Revenue | 2019/4 | 2205.0 | 2376.0 | -7.2 | | | All Segments | adjEBIT | 2019/4 | 279.0 | 276.0 | 1.1 | | | All Segments | EBIT | 2019/4 | 62.0 | 135.0 | -54.1 | | | All Segments | Net Margin | 2019/4 | 26.0 | 35.0 | -25.7 | | | Additives Functional Products | Sales Revenue | 2019/4 | 763.0 | 851.0 | -10.3 | 2 | | Additives Functional Products | EBIT | 2019/4 | 59.0 | 85.0 | -30.6 | |
October (2019)
Eastman: 2019 Q3 Results Link...
Eastman: Third quarter global economic conditions deteriorated due to escalation of trade disputes. This has impacted the consumer and transportation segments. In the AFP segment, tire related pricing was impacted by competitive pricing pressures. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products (AFP) segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2019/3 | 2325.0 | 2547.0 | -8.7 | 1 | | All Segments | EBIT | 2019/3 | 367.0 | 517.0 | -29.0 | | | All Segments | Net Margin | 2019/3 | 267.0 | 412.0 | -35.2 | | | Additives Functional Products | Sales Revenue | 2019/3 | 832.0 | 915.0 | -9.1 | 2 | | Additives Functional Products | EBIT | 2019/3 | 144.0 | 186.0 | -22.6 | |
July (2019)
Eastman: 2019 Q2 Results Link...
Eastman continuing to experience challenging global economic conditions. Additional pricing pressure in the Functional Additives segment due to increased competition which is affecting the tire additives business. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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| All Segments | Sales Revenue | 2019/2 | 2363.0 | 2621.0 | -9.8 | 1 | | All Segments | EBIT | 2019/2 | 371.0 | 491.0 | -24.4 | | | All Segments | Net Margin | 2019/2 | 259.0 | 344.0 | -24.7 | | | Additives Functional Products | Sales Revenue | 2019/2 | 823.0 | 942.0 | -12.6 | 2 | | Additives Functional Products | EBIT | 2019/2 | 147.0 | 188.0 | -21.8 | 3 |
April (2019)
Eastman: 2019 Q1 Results Link...
Eastman: Challenging market conditions persist into Q1 2019 with similar outlook for Q2 2019. Eastman's strategy for innovation-driven growth is helping to provide resiliency moving forward. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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| All Segments | Sales Revenue | 2019/1 | 2380.0 | 2607.0 | -8.7 | 1 | | All Segments | EBIT | 2019/1 | 320.0 | 409.0 | -21.8 | | | All Segments | Net Margin | 2019/1 | 209.0 | 290.0 | -27.9 | | | Additives Functional Products | Sales Revenue | 2019/1 | 855.0 | 939.0 | -8.9 | 2 | | Additives Functional Products | EBIT | 2019/1 | 146.0 | 176.0 | -17.0 | |
February (2019)
Eastman: 2018 FY and Q4 Results Link...
Eastman: Challenging Q4 2018 conditions expected to persist into Q1 2019. Expected benefits in lower raw material costs as year progresses. Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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| All Segments | Sales Revenue | 2018 | 10151.0 | 9549.0 | 6.3 | 1 | | All Segments | EBIT | 2018 | 1552.0 | 1545.0 | .5 | 2 | | All Segments | Net Margin | 2018 | 1084.0 | 1474.0 | -26.5 | | | Additives Functional Products | Sales Revenue | 2018 | 3647.0 | 3343.0 | 9.1 | 3 | | Additives Functional Products | EBIT | 2018 | 639.0 | 646.0 | -1.1 | 4 | | All Segments | Sales Revenue | 2018/4 | 2376.0 | 2362.0 | .6 | 5 | | All Segments | EBIT | 2018/4 | 135.0 | 268.0 | -49.6 | 6 | | All Segments | Net Margin | 2018/4 | 35.0 | 581.0 | -94.0 | | | Additives Functional Products | Sales Revenue | 2018/4 | 851.0 | 854.0 | -.4 | | | Additives Functional Products | EBIT | 2018/4 | 85.0 | 149.0 | -43.0 | |
November (2018)
Evonik Industries: 2018 Q3 Results Link...
Evonik currently reports in four segments. The silica and silane activities reside in the Resource Efficiency segment. Rubber Chemical Consultants tracks the Resource Efficiency segment. Currency values reported in: Millions of EUR | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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| Resource Efficiency | Sales Revenue | 2018/3 | 1426.0 | 1359.0 | 4.9 | 1 | | Resource Efficiency | EBITDA | 2018/3 | 338.0 | 312.0 | 8.3 | | | Resource Efficiency | EBIT | 2018/3 | 261.0 | 226.0 | 15.5 | |
July (2018)
Eastman: 2018 Q2 Results Link...
Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2018/2 | 2621.0 | 2419.0 | 8.4 | 1 | | All Segments | EBIT | 2018/2 | 491.0 | 420.0 | 16.9 | | | All Segments | Net Margin | 2018/2 | 344.0 | 292.0 | 17.8 | | | Additives Functional Products | Sales Revenue | 2018/2 | 942.0 | 830.0 | 13.5 | 2 | | Additives Functional Products | EBIT | 2018/2 | 188.0 | 159.0 | 18.2 | 3 |
June (2018)
SI Group: Acquired by SK Capital Partners Link...
SK Capital Partners have made an agreement to acquire SI Group with an aim to combine with SK's Addivant business to create a global leader in the plastic, lubricant, oilfield and rubber additives segments.
May (2018)
Momentive Performance Materials Inc: 2018 Q1 Results Link...
Momentive Performance Materials Inc: Speciality Focus for Growth Strategy. Recently completed NXT silane expansion at Leverkusen, Germany is currently ramping up. Expansion will double current NXT capacity, NXT CAGR volume growth of 47% for 2011 to 2017. Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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| All Segments | Sales Revenue | 2018/1 | 657.0 | 544.0 | 20.8 | 1 | | All Segments | EBITDA | 2018/1 | 94.0 | 69.0 | 36.2 | 2 | | All Segments | EBIT | 2018/1 | 49.0 | -9.0 | 644.4 | | | All Segments | Net Margin | 2018/1 | 20.0 | -30.0 | 166.7 | | | Performance Additives | Sales Revenue | 2018/1 | 248.0 | 220.0 | 12.7 | 3 | | Performance Additives | EBITDA | 2018/1 | 54.0 | 47.0 | 14.9 | |
Eastman: Q1 Results Link...
Eastman: 2018 Q1 Tire Additive Sales Volumes Up Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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| All Segments | Sales Revenue | 2018/1 | 2607.0 | 2303.0 | 13.2 | | | All Segments | EBIT | 2018/1 | 409.0 | 397.0 | 3.0 | | | All Segments | Net Margin | 2018/1 | 290.0 | 278.0 | 4.3 | | | Additives Functional Products | Sales Revenue | 2018/1 | 939.0 | 773.0 | 21.5 | 1 | | Additives Functional Products | EBIT | 2018/1 | 176.0 | 152.0 | 15.8 | |
February (2018)
Eastman: 2017 Full Year and Q4 Results Link...
Eastman operate in four reporting segments. Rubber Chemical Consultants tracks Eastman's Additives & Functional Products segment which contains tire related materials (resins, antidegradants and sulphur) and also tracks the company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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| All Segments | Sales Revenue | 2017 | 9549.0 | 9008.0 | 6.0 | | | All Segments | EBIT | 2017 | 1545.0 | 1383.0 | 11.7 | | | All Segments | Net Margin | 2017 | 1474.0 | 854.0 | 72.6 | | | Additives Functional Products | Sales Revenue | 2017 | 3343.0 | 2979.0 | 12.2 | 1 | | Additives Functional Products | EBIT | 2017 | 646.0 | 601.0 | 7.5 | 2 | | All Segments | Sales Revenue | 2017/4 | 2362.0 | 2188.0 | 8.0 | | | All Segments | Net Margin | 2017/4 | 581.0 | 128.0 | 353.9 | | | All Segments | EBIT | 2017/4 | 268.0 | 273.0 | -1.8 | | | Additives Functional Products | Sales Revenue | 2017/4 | 854.0 | 720.0 | 18.6 | 3 | | Additives Functional Products | EBIT | 2017/4 | 149.0 | 120.0 | 24.2 | 4 |
2017 notes:Fourth quarter and twelve months include $112 million net costs for disruption, repairs and reconstruction of the coal gasification facility resulting from the 4 October 2017 incident.
September (2017)
Zinc Oxide LLC: Acquires Zochem Link...
DICKSON, TENNESSEE —Zinc Oxide LLC has announced the acquisition of Zochem, a subsidiary of American Zinc Recycling LLC . The combined company becomes the largest producer of zinc oxide in North America. Headquarters will reside at the Zinc Oxide LLC Dickson TN facility.
July (2017)
Eastman: Q2 Results Link...
Eastman operate in four reporting segments. The Additives & Functional Products segment contains tire related materials (resins, antidegradants and sulphur). Eastman: USD Millions | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2017/2 | 2419.0 | 2297.0 | 5.3 | | | All Segments | EBIT | 2017/2 | 420.0 | 376.0 | 11.7 | | | All Segments | Net Margin | 2017/2 | 292.0 | 257.0 | 13.6 | | | Additives Functional Products | Sales Revenue | 2017/2 | 830.0 | 770.0 | 7.8 | 1 | | Additives Functional Products | EBIT | 2017/2 | 159.0 | 168.0 | -5.4 | 2 |
1 SR increased due to higher sales volume and higher selling price for most product lines. 2 EBIT declined due to higher raw material prices and higher energy costs which more than offset volume and price.
May (2017)
Eastman: 2017 Q1 Results Link...
Eastman operate in four reporting segments. The Additives & Functional Products segment contains tire related materials (resins, antidegradants and sulphur). Eastman: USD Millions | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2017/1 | 2303.0 | 2236.0 | 3.0 | | | All Segments | EBIT | 2017/1 | 397.0 | 399.0 | -.5 | | | All Segments | Net Margin | 2017/1 | 278.0 | 251.0 | 10.8 | | | Additives Functional Products | Sales Revenue | 2017/1 | 773.0 | 737.0 | 4.9 | 1 | | Additives Functional Products | EBIT | 2017/1 | 152.0 | 153.0 | -.7 | 2 |
1 Increase due to increased volumes across segment. 2 Higher sales volumes offset by higher raw material and energy costs, lower selling prices and unfavourable currency rates.
January (2017)
Eastman: 2016 Full Year and Q4 Results Link...
Eastman: USD Millions | Segment | Parameter | Period | 2016 | 2015 | YoY, % | Notes |
|---|
| All Segments | Sales Revenue | 2016 | 9008.0 | 9648.0 | -6.6 | | | All Segments | Gross Margin | 2016 | 2350.0 | 2580.0 | -8.9 | | | All Segments | EBIT | 2016 | 1383.0 | 1384.0 | -0.1 | | | Additives Functional Products | Sales Revenue | 2016 | 2979.0 | 2368.0 | 25.8 | 1 | | Additives Functional Products | EBIT | 2016 | 601.0 | 462.0 | 30.1 | 2 | | All Segments | Sales Revenue | 2016/4 | 2188.0 | 2225.0 | -1.7 | | | All Segments | Gross Margin | 2016/4 | 505.0 | 509.0 | -0.8 | | | All Segments | EBIT | 2016/4 | 273.0 | 172.0 | 58.7 | | | Additives Functional Products | Sales Revenue | 2016/4 | 720.0 | 541.0 | 33.1 | | | Additives Functional Products | EBIT | 2016/4 | 120.0 | 97.0 | 23.7 | |
1 Tire 17% of sales. 2 Includes a 10 MM$ one-off restructuring charge. 2016 notes:Beginning Q1 2016 operations are reported in four segments versus five previously. Adhesive resins and speciality fluids have moved to the AFP segment from the previous Speciality Fluids and Intermediates segment.
November (2016)
Eastman Chemicals: 2016 Q3 Results Link...
All Segments: Sales revenue was 2287 MM USD representing a 7% reduction YOY with a net margin of 233 MM USD resulting from a 10% reduction YOY. QOQ sales revenue was flat with margin down 9%.
Adhesives, Functional Products (AFP): Sales revenue was 752 MM USD resulting from a YOY reduction of 5.3% and a QOQ reduction of 2.3%. EBIT was 160 MM USD which is a 9.1% drop YOY and a 4.8% drop QOQ. Sales revenue drop was mainly due to lower selling prices which was partially offset by higher sales volumes. Lower selling prices are attributable to reduced raw material prices and competitive market pressures, particularly in the Asia Pacific region. EBIT decrease was attributable to lower selling prices which reduced faster than raw material price reductions.
August (2016)
Eastman Chemicals: 2016 Q2 Results Link...
All Segments: Sales revenue at 2297 MM USD representing an 9% reduction YOY and a 3% gain QOQ with net margin at 257 MM USD representing a 14% reduction YOY and a 2% gain QOQ.
Adhesives, Functional Products (AFP): Based on the newly introduced segment reporting for 2016 the AFP segment had sales revenue of 770 MM USD with a YOY reduction of 7.2% and an EBIT of 168 MM USD representing a YOY reduction of 5.6%. QOQ sales gained by 4.5% and EBIT gained by 9.8%.
May (2016)
Eastman Chemicals: 2016 Q1 Results Link...
All Segments: Sales revenue at 2236 MM USD down 8% YOY and flat QOQ. Net margin at 251 MM USD up 46% YOY and 101% QOQ.
Additives, Functional Products Segment: Sales revenue at 737 MM USD, based on the new segment reporting (5 segments have been rationalised down to 4 with additional products added to this segment) YOY sales revenues have decreased 8.4% and margin has decreased 2.6%.
March (2016)
Eastman Chemicals: 2015 FY Results Link...
All Segments: Sales revenue was 9648 MM USD showing a 1% YOY growth, with net margin at 1384 MM USD showing a 13% YOY growth.
Additives, Functional Products Segment: Sales revenue was 2368 MM USD showing a 30% YOY growth with segment EBIT at 462 MM USD showing a 40% YOY growth. Growth figures are partially attributable to the full incoroporation of Taminco speciality amines and also reflect reduced earnings in 2014 due to restructuring charges and intangible asses impairment of the insoluble sulphur Crystex tradename.
September (2014)
Omnova Solutions: Price Increase for Wingstay® L Antioxidants Link...
VILLEJUST, FRANCE, September 16, 2014 (NYSE: OMN) – OMNOVA Solutions’ Specialty Ingredients business today announced a price increase of up to US$300 per metric ton for Wingstay® L antioxidants. This increase is effective October 1, 2014 for all global specialty markets. This action is necessitated by a global increase in the price of key raw materials and is in addition to all previously announced increases.
OMNOVA Solutions Inc. is a technology-based company with sales of $1.0 billion and a global workforce of approximately 2,300. OMNOVA is an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces for a variety of commercial, industrial and residential end uses.
Freudenberg Group: Chem-Trend expands global R&D, manufacturing and service Link...
Chem-Trend, a global leader in the development and production of high-performance release agents and casting lubricants, is increasing its global presence by expanding facilities in China, Brazil and India.
Valinhos Brazil: Chem-Trend is working in partnership on the development of a completely new administration, laboratory and manufacturing complex with its sister company SurTec, a global acting specialist for chemical surface treatment, also part of the Freudenberg Chemical Specialities business group.
Mysore India: The expansion project is in partnership with Chem-Trend’s sister companies OKS and Klüber Lubrication, both part of the Freudenberg Chemical Specialities business group, offering specialty lubricants and chemo-technical solutions for maintenance and repair.
Qingpu China: The $24 million investment is in partnership with Chem-Trend’s sister company Klüber Lubrication, also part of the Freudenberg Chemical Specialities business group. It will utilize the latest processing technology. The expansion includes a new R&D center that will enable the company to develop distinct product solutions for customers in the region, as well as areas for application testing and engineering, and special laboratories dedicated to release agents, process aids and lubricants.
April (2014)
Addivant : Opens Stage 1 of Gulf Stabilizers Industries Link...
Al Jubaïl, Saudi Arabia – US-based speciality additive supplier Addivant announced on 18 March the completion of the first phase of capacity expansions at Gulf Stabilizers Industries (GSI), the company’s joint venture in Al Jubaïl, Saudi Arabia. This is a response to the “rapid expansion of the Middle East polymer industry over the past two decades”. Once completed, the production capacity of its hindered phenolic antioxidants will double to 10,500 tonnes. GSI is a joint venture between Addivant and Zamil ChemPlast, one of Saudi Arabia's leading industrial manufacturing companies. “We have worked closely with our customers in the Middle East since 2001, when we were the first additive company to invest in the region,” said Peter Smith, Addivant CEO and GSI Chairman of the Board. Addivant, based in Connecticut, works in the field of polymer additives, and has a portfolio which includes rubber additives, polymer modifiers, and polymerisation inhibitors. It has 11 plants on five continents, as well as research, manufacturing and sales facilities around the globe. Zamil ChemPlast is one of the largest industrial companies in Saudi Arabia, and manufactures specialty chemicals, plastic processing and industrial rubber products.
Lanxess: Raises Prices For Rubber Chemicals Worldwide Link...
COLOGNE, Germany—Lanxess A.G. will raise its prices worldwide for its rubber chemicals, effective April 1, due to higher raw material prices and unfavorable exchange rates. Increases will range from 15 cents to $1 depending on the product and the region. The increase will impact all product lines including Vulkanox antidegradants, Vulkacit accelerators and specialty chemicals like bonding agents, retarders, plasticizers, zinc oxides and DBD based peptizers.
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