Westlake Chemical Corp
Trinseo Announces Its Repayment and Share Repurchase Plan
Trinseo’s cash and cash equivalents and inventories rose by 1.6% and 4.0%, respectively, in fiscal 1Q16 compared to fiscal 4Q15.
MeadWestvaco to spin off its specialty chemicals business
In January 2015, MeadWestvaco, announced that its board had approved the plan to spin off the specialty chemicals business from the rest of the company.
Trinseo Has Appointed Barry Niziolek as EVP and CFO
Trinseo (TSE) has a market cap of $2.1 billion and rose by 0.98% to close at $44.35 per share on May 23, 2016.
LyondellBasell and Suez Complete QCP Acquisition
On March 14, 2018, LyondellBasell (LYB) and Suez announced the completion of the Quality Circular Polymers (QCP) acquisition.
What Are LyondellBasell’s Global Rankings?
LyondellBasell (LYB) is the leading global producer of olefins and polyolefins.
Eastman Chemical Declares First-Quarter Dividend
In a press release on February 14, Eastman Chemical declared a dividend of $0.62.
Eastman Chemical Saw a Marginal Fall in Q3 2018
On October 25, Eastman Chemical (EMN) announced its third-quarter earnings results. EMN reported adjusted EPS of $2.34.
Eastman Chemical Expands Impera Resins Production
On May 28, Eastman Chemical stock fell 1.3% and closed at $67.89. On a year-to-date basis, the stock has fallen 6.1%.
Celanese: Lori Ryerkerk Is the New CEO
In a press release on April 8, Celanese (CE) announced changes in its top leadership. Lori Ryerkerk will succeed Rohr as the company’s CEO.
A. Schulman Announced a Convertible Special Stock Dividend
In a press on April 3, A. Schulman declared a quarterly dividend of $15.00 per share for the holders of its convertible special stock.
Eastman Chemical: New Client Order for Its Tritan Copolyester
In a press release on March 21, Eastman Chemical (EMN) announced that Tritan will collaborate with Skullcandy.
Celanese Increases Acetyl Intermediate Prices
In a press release on March 20, Celanese (CE) announced a price increase on several acetyl intermediate products.
DowDuPont Subsidiary Confirms Share BuyBack after Separation
In a press release on March 18, Dow announced that it had confirmed the adoption of its stock repurchase plan.
Celanese’s ATEVA EVA Polymers: Higher Price
In a press release on March 13, Celanese (CE) announced that it would increase the price of its ATEVA EVA polymers.
Westlake Chemical Reported Disappointing Q4 Earnings
On February 19, Westlake Chemical (WLK) announced its fourth-quarter earnings. The company reported an adjusted EPS of $0.95.
Celanese Announced Higher Acetyl Intermediates Prices
On February 20, Celanese (CE) announced higher prices for acetyl intermediate products.
LyondellBasell Declared Its First-Quarter Dividend
In a press release on February 22, LyondellBasell (LYB) announced its first-quarter dividend.
Eastman Chemical’s Cedroz Received EU Product Authorization
On February 20, Eastman Chemical (EMN) announced that Cedroz received authorization from the Regulatory Affairs Directorate in Malta.
LyondellBasell Bagged a New Order in India
In a press release on February 13, LyondellBasell (LYB) announced that it bagged a new client order in India.
Celanese to Increase Acetyl Intermediates Prices
On January 31, Celanese (CE) announced that it would increase acetyl intermediates prices. The price increase is effective immediately.
Celanese Appointed a New General Counsel
On January 17, Celanese (CE) announced that it appointed A. Lynne Puckett as the company’s senior vice president and general counsel.
LyondellBasell Takes a Leadership Role to End Plastic Waste
On January 16, LyondellBasell announced that along with Proctor & Gamble and Veolia, it will lead the global Alliance to End Plastic Waste.
A. Schulman Announces Dividend for the Convertible Special Stock
On January 4, A. Schulman, a subsidiary of LyondellBasell (LYB), announced a quarterly dividend for its convertible special stock.
Westlake Chemical Completed the Nakan Acquisition
On January 2, Westlake Chemical (WLK) announced that it completed the Nakan acquisition.
Celanese Completed the Next Polymers Acquisition
Celanese announced that it completed the acquisition of Next Polymers. The acquisition will likely help Celanese improve its footprint in India.
Celanese Increased VAM Prices in Asia outside China
On December 21, Celanese (CE) increased VAM (vinyl acetate monomer) prices. The price increase is only applicable to Asia outside China.
Eastman Chemical and Clariant’s Collaboration
On December 12, Eastman Chemical (EMN) announced that it entered into a collaboration with Clariant to distribute its Tamisolve NxG solvent.
Analyzing Eastman Chemical’s Dividend in the Fourth Quarter
Eastman Chemical’s (EMN) fourth-quarter ex-dividend date is around the corner. Eastman Chemical will trade ex-dividend on December 14.
Why Did Ashland Gain 11% in November?
In November, Ashland (ASH) was the biggest gainer among specialty chemical stocks. Ashland gained 11% in November.
Is Eastman Chemical Undervalued Compared to Its Peers?
As of November 28, Eastman Chemical was trading at a one-year forward PE multiple of 8.7x, which is below the two-year average of 10.5x.
Analyzing Eastman Chemical’s Free Cash Flow
In the past five years, Eastman Chemical has generated an average free cash flow of $871.20 million.
Eastman Chemical’s Debt-to-Equity Ratio Will Increase
At the end of the third quarter, Eastman Chemical’s total debt was $6.62 billion. The company’s debt increased after declining for three years.
Eastman’s Saflex Manufacturing Sites Attain IATF Quality
Eastman Chemical stock fell 6.6% and closed at $77.64 for the week that ending November 23. The stock underperformed FXZ, which fell 3.2%.
Westlake Chemical Announced Its Fourth-Quarter Dividend
On November 16, Westlake Chemical (WLK) announced the key dates for its fourth-quarter dividend.
Celanese Increases Prices of Ethyl Acetate in the Americas
On October 22, Celanese (CE) announced that it would be increasing the prices of ethyl acetate in the Americas region.
Celanese Acquires Next Polymers
On October 11, Celanese (CE) announced that it entered into a definitive agreement to acquire Next Polymers.
LyondellBasell Introduces New Purell Copolymer
In a press release on October 11, LyondellBasell discussed the launch of a new copolymer—Purell EP374M.
Celanese’s Short Interest at Highest Level in 2018: What That Means
The latest short interest report on August 31 indicates that Celanese’s (CE) short interest is at the lowest point since the beginning of 2018.
Celanese’s Free Cash Flow: Can It Help Reduce Its Debts?
At the end of the second quarter of 2018, CE generated free cash flow of $562 million.
Celanese’s Debt Trend in 2018: Where Is It Headed?
At the end of the second quarter of 2018, Celanese (CE) reported debt of ~$.3.6 billion.
LyondellBasell and Covestro to Start New Project in Maasvlakte
On September 4, LyondellBasell (LYB) and joint venture partner Covestro announced they had initiated a new project at their site in Maasvlakte-Rotterdam in the Netherlands.
Westlake Chemical Increased Its Quarterly Dividend
On August 17, Westlake Chemical (WLK) increased its quarterly dividend. Westlake Chemical will pay $0.25 per share.
Celanese Obtained Four New Patents for Its Sunett Sweetener
The news about new patents didn’t have a positive impact on Celanese stock. The stock declined 0.7% and closed at $115.69 for the week ending August 17.
Celanese Announces Price Increase on Acetyl Intermediate Prices
On August 9, Celanese (CE) announced a price hike for several acetyl intermediate products. The price hike is related to the Asia region.
How Praxair’s Surface Technologies Segment Performed in Q2
Praxair’s (PX) Surface Technologies segment was its smallest revenue contributor in Q2 2018.
LyondellBasell Gets New Client for Its PP and LPDE Technologies
On June 9, LyondellBasell (LYB) said it would be providing its leading PP and LPDE technologies to Indonesia-based PT Chandra Asri Perkasa.
Eastman Chemcial’s Tritan Gets New Client from Thailand
On July 12, Eastman Chemical (EMN) announced that it has a new order for its Tritan from Bangkok-based JCP Plastic.
Dow Chemical to Create Education Hub in Great Lakes Bay Region
Continued volatility in the stock market caused DowDupont stock to fall 1.1%. Its stock closed at $67.00 for the week ended June 22.
LyondellBasell Wants to Acquire Braskem Stake
On June 15, LyondellBasell (LYB) said that it’s in talks with Odebrecht for a potential deal to acquire the controlling stake of Braskem (BAK).
Dow Chemical’s Expansion Plans and New Investments
On June 14, Dow Chemical announced its expansion plans to meet growing end-market demand and applications.
Is Eastman Chemical Overvalued or Undervalued Compared to Peers?
As of June 12, Eastman Chemical (EMN) was trading at a one-year forward PE multiple of 12.3x.
Celanese Shuts Down Acetate Tow Facility in Ocotlan, Mexico
On June 6, Celanese (CE) announced that it had completed the shutdown of its acetate tow plant in Ocotlan, Mexico.
DuPont to Invest $400 Million to Increase Tyvek Capacity
DowDuPont (DWDP) announced that it plans to invest $400 million to increase the capacity of its Tyvek brand at its Luxembourg facility.
Ashland Stock Is at an All-Time High—What’s Driving It?
So far, Ashland (ASH) has seen strong growth in 2018, a continuation of its success story in 2017.
Dow Opened a New Sales Center in Toronto
On May 23, Dow Chemical expanded its presence in Canada with a new regional sales center in Toronto. The new center was inaugurated on May 24.
LyondellBasell Gets Approval for the A. Schulman Acquisition
On May 22, LyondellBasell got approval for the A. Schulman (SHLM) acquisition from the Chinese State Administration of Market Regulation.
What Caused LYB’s Refining Segment’s Earnings to Turn Positive?
LyondellBasell’s (LYB) Refining segment accounted for 23.1% of its total revenue in 4Q17 compared to 20.1% in 1Q18.
LyondellBasell’s 1Q18 Earnings Rise, Stock Gains Marginally
Chemical company LyondellBasell (LYB) announced its 1Q18 earnings on April 27, 2018.
Huntsman Completes Demilec Acquisition
On April 23, Huntsman (HUN) announced that it had completed the acquisition of Demilec, a leading manufacturer and distributor of spray polyurethane foam (SPF) insulation systems.
Celanese Hikes Prices in Asia
On April 27, Celanese (CE) announced product price increases in Asia. In this series, we’ll discuss this update and others in the chemical industry.
What LyondellBasell’s Short Interest Suggests
As of April 12, LyondellBasell’s (LYB) short interest had fallen since the beginning of 2018.
An Update on Celanese’s Latest Product Price Hikes
Celanese (CE) stock gained 4.2% and closed at $104.16 for the week ended April 13, 2018.
How Eastman Chemical Stock Has Performed in 2018
So far in 2018, Eastman Chemical (EMN) has outperformed most of its peers and also the broader market.
Why Bears Continue to Show Interest in Eastman Chemical
EMN’s short interest has risen since the beginning of 2018.
Will Eastman Chemical’s Debt Position Continue to Improve?
At the end of 2017, Eastman Chemical (EMN) reported debt of $6.54 billion compared to $6.59 billion in 2016.
How Worrisome Is LyondellBasell’s Interest Expense Increase?
In 2017, LyondellBasell (LYB) spent $467 million in the form of the interest, representing an increase of 45% on a YoY (year-over-year) basis.
LyondellBasell’s Short Interest Has Fallen in 2018—Why?
A February 28, 2018, short interest report shows that LyondellBasell’s (LYB) short interest has fallen since the beginning of 2018.
Tetrashield: Eastman Chemical’s Game Changer
Eastman Chemical (EMN) will demonstrate Tetrashield at the upcoming American Coatings Show in Indianapolis on April 10–12.
LyondellBasell’s A. Schulman Acquisition Gets FTC Approval
LyondellBasell entered into an agreement with A. Schulman on February 15. LyondellBasell is offering $2.25 billion in the all-cash deal.
Celanese and Blackstone End Their Joint Venture
On March 19, 2018, Celanese (CE) announced that it called off the joint venture with Blackstone (BX) to form a new acetate tow supplier.
How Olin Stock Has Fared in 2018 Year-to-Date
On a year-to-date basis, until March 19, 2018, OLN stock has fallen 15.5%.
Huntsman Acquired Demilec for $350 Million
On March 13, 2018, Huntsman (HUN) announced that it acquired Demilec. Huntsman will pay $350 million in cash for the acquisition.
Update on Eastman Chemical’s Higher Product Prices
On March 16, 2018, Eastman Chemical (EMN) announced price hikes for certain products. The price hikes will be effective on April 1, 2018.
Celanese: More Price Hikes for Acetyl Intermediates
On March 14, 2018, Celanese (CE) announced that it would increase the prices of a few acetyl intermediates products.
Celanese Announced a Product Price Increase
On March 9, 2018, Celanese (CE) announced that it would increase the price of an acetyl intermediate product.
Huntsman Corporation Raises Its Cash Dividend by 30%
On February 23, 2018, Huntsman Corporation (HUN) increased its quarterly dividend by 30.0%. Annually, its dividend equals $0.65 per share.
Update on Celanese’s Acetyl Intermediates Price Increase
Celanese (CE) stock gained 1.7% and closed at $103.95 for the week ended February 23, 2018.
Eastman Chemical Launches Insoluble Sulfur—Crystex Cure Pro
Eastman Chemical launches new insoluble sulfur On February 16, 2018, Eastman Chemical (EMN) announced the launch of Eastman Cure Pro, its next generation of insoluble sulfur. This new sulfur is a vulcanizing agent that has high thermal stability, superior dispersion, and enhanced flow. Cure Pro is expected to help tire manufacturers improve productivity and reduce costs. […]
Celanese Increases Low-Density Polyethylene Prices
On February 14, Celanese (CE) announced a price increase of $0.04 per pound for low-density polyethylene (or LDPE).
LyondellBasell Stock Fell despite Rise in 4Q17 Earnings
LyondellBasell (LYB) announced its 4Q17 earnings on February 2, 2018. It reported adjusted EPS (earnings per share) of $2.73 compared with analysts’ estimate of $2.55.
Celanese Increases Prices of Polymer Products
On January 24, 2018, Celanese (CE) announced price hikes for propylene-based short-fiber and long-fiber thermoplastic compounds and its polyamide-based polymer grades.
Eastman Chemical’s Demand for Tritan Continues to Grow in Asia
The demand for Eastman Chemical’s Tritan continues to grow.
MLP Rating Updates for Week Ended January 5
Suburban Propane Partners (SPH), the MLP involved in retail marketing and the distribution of propane, was upgraded by UBS last week, which ended on January 5, 2017.
Westlake Announces Optional Redemption of Senior Notes
On December 18, 2017, Westlake Chemical (WLK) announced that it had sent notices about the optional redemption of $688 million in senior notes.
Huntsman Gives Updates on Management Changes
On December 19, Huntsman (HUN) announced changes to its board.
Huntsman’s Rising Interest Coverage Ratio Improves Investor Confidence
At the end of 3Q17, Huntsman’s interest expense stood at $134 million as compared to $153 million in 3Q16.
Huntsman’s Debt-to-Equity Ratio Is Getting Stronger and Stronger
Huntsman’s (HUN) debt has been on a declining trend ever since it peaked at $5.2 billion in 2014.
Huntsman Repays Its Senior Term Loan
On December 4, 2017, Huntsman (HUN) announced that it would pay the remaining $511 million of its Term Loan B due in 2023.
How Chicago Bridge & Iron Classifies Its Business Operations
Chicago Bridge & Iron Company (CBI) currently has two operating groups catering to customers in the energy (XLE) infrastructure market.
How Strong Is DowDuPont’s Interest Coverage?
In 3Q17, DWDP’s interest expense was reported at $283 million as compared to the $220 million in 3Q16 on a proforma basis.
DowDuPont Stock Has Given Muted Performance since Listing
Dow Chemical and DuPont completed their merger on August 31, 2017. The newly merged entity, DowDuPont (DWDP), was listed on September 1, 2017.
How Celanese Stock Has Performed in 2017
As of October 10, 2017, Celanese stock has given a strong return of 35.8% so far in 2017, outperforming the broad-based SPDR S&P 500 (SPY).
Huntsman’s 3Q17 Expectations amid Hurricane Harvey Impact
Huntsman expects its Texas Gulf Coast facility to be fully operational once the engineering and safety checks are completed and there are available raw materials.
W.R. Grace’s Interest Coverage Improves: A Good Sign?
W.R. Grace’s (GRA) high debt level has resulted in higher interest expense for the company.
What PolyOne’s Dividend Yield Suggests
If PolyOne maintains its dividend rate, we can expect it to pay a dividend of $0.54 per share for fiscal 2017.
How Attractive Is Eastman Chemical’s Dividend Yield?
Eastman Chemical’s dividend payout has remained steady in the range of 28% to 32% from 2014 to 2016.
Huntsman’s Dividend Yield Falls as Its Stock Price Rises
Huntsman’s dividend yield Dividend yields are very important for long-term investors, as they fetch a steady income. Investors prefer companies with a strong dividend yield and growth. As Huntsman (HUN) has maintained its dividend rate, we can expect it to pay a fiscal 2017 dividend of $0.50 per share At this dividend rate, Huntsman’s dividend yield […]
Huntsman Keeps Its Quarterly Dividend Stable
Huntsman (HUN) has declared a 3Q17 dividend of $0.13 per share, and is expected to pay it on September 29, 2017.
Why Is Chemours’ Dividend Yield Low?
Since Chemours hasn’t increased its dividend rate since 4Q15, we can expect the company to pay a dividend of $0.12 for fiscal 2017.
Eastman Chemical Hiked Acids and Aldehydes Prices
On September 5, 2017, Eastman Chemical announced that it would hike acids and aldehydes prices. The price hikes will be effective on September 6, 2017.