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Commodity Chemicals

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PPG Industries Q3 earnings per share $1.52 from continuing operations

Thursday, 19 Oct 2017

Oct 19 (Reuters) - PPG Industries Inc :PPG reports third quarter 2017 financial results.Q3 earnings per share $1.52 from continuing operations.Q3 earnings per share view $1.52 -- Thomson Reuters I/B/E/S.PPG Industries Inc qtrly ‍net sales of approximately $3.8 billion, up more than 3 percent versus prior year​.Q3 revenue view $3.74 billion -- Thomson Reuters I/B/E/S.PPG Industries Inc - ‍expects recent natural disasters will unfavorably affect Q4 diluted earnings-per-share by up to $0.05​.PPG Industries Inc - ‍"looking ahead to q4, we expect moderate global economic growth to continue"​.PPG - ‍given after-effects from natural disasters, no longer expect notable decline in level of raw material cost inflation for remainder of this year​.PPG Industries Inc - "‍we continue to execute on our restructuring program" and remain on track to deliver full-year savings of more than $45 million​.PPG Industries Inc qtrly ‍shr attributable to PPG $2.36​.

Guangdong Silver Age Sci&Tech sees Q1 to Q3 of FY 2017 net profit could rise up to 10 pct

Monday, 16 Oct 2017

Oct 16(Reuters) - Guangdong Silver Age Sci&Tech Co Ltd <300221.SZ>:Sees Q1 to Q3 of FY 2017 net profit could rise up to 10 percent, or to be 148.3 million yuan to 163.1 million yuan .Says Q1 to Q3 of FY 2016 net profit was 148.3 million yuan .Says increased income from modified plastic business is the main reason for the forecast.

Recticel affected by supplies of non-conform TDI from BASF

Tuesday, 10 Oct 2017

Oct 10 (Reuters) - RECTICEL NV ::AFFECTED BY NON-CONFORMING TDI SUPPLIES BY BASF‍​.HAS TAKEN IMMEDIATE PRECAUTIONARY MEASURES IN AFFECTED SITES, WITH A TEMPORARY STOP IN PRODUCTION AND DELIVERIES‍​.RECTICEL IS COMMITTED TO LIMIT THE IMPACT FOR ITS CUSTOMERS TO THE MAXIMUM EXTENT POSSIBLE‍​.HAS BEEN NOTIFIED BY BASF THAT BETWEEN 25 AUG AND 29 SEPT POLLUTED TOLUENE DIISOCYANATE WAS SUPPLIED BY BASF PLANT.‍POLLUTED TOLUENE DIISOCYANATE ("TDI") HAS BEEN SUPPLIED BY BASF PLANT IN LUDWIGSHAFEN (GERMANY) TO FIVE RECTICEL SITES‍​.HAS INFORMED CUSTOMERS AFFECTED BY ISSUE, IS WORKING WITH BASF TO CONDUCT SAMPLE TESTING AND RISK ASSESSMENT ON THE NON- CONFORM TDI‍​.CONSEQUENCES OF THIS QUALITY ISSUE ARE EXPECTED TO BE RESOLVED IN DUE COURSE.PRODUCTION AND DELIVERIES PROGRESSIVELY RESUMING ALREADY IN THE COMING DAYS‍​.

-Eastman Chemical updates full-year 2017 earnings outlook

Monday, 9 Oct 2017

Oct 9 (Reuters) - Eastman Chemical Co :Updates full-year 2017 earnings expectations including preliminary expectations of impact of Kingsport operational incident.Says it expects to be toward high end of earlier projected range of 10-12 percent adjusted eps growth in 2017 excluding impact of Kingsport incident.Says ‍financial impact of recent hurricanes in U.S is expected to be neutral, with varying impacts by segment in 2017​.Says ‍"underlying business conditions in Q3 were strong across company and are expected to continue into Q4​".Says ‍on October 4, 2017, company had an operational incident in Kingsport site's coal gasification operations area​.Says ‍all areas of manufacturing facility at the Kingsport site are returning to normal operations except Coal Gasification Operation​.Says Kingsport incident is preliminarily​ ‍expected to impact operating earnings by between $50 and $100 million, mostly in Q4 2017.Says ‍there were no serious injuries, no impact to human health or environment operational incident in Kingsport site.

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