Nov 28 (Reuters) - Nikkei::MITSUBISHI CHEMICAL HOLDINGS UNIT PLANS TO RESTART U.K. PLANT, DOUBLE CAPACITY IN U.S. AND SHUTTER A CHINESE FACTORY- NIKKEI.
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.
Oct 2 (Reuters) - Rolfes Holdings Ltd ::COMPARED TO RESTATED RESULTS, FY REVENUE FROM CONTINUING OPERATIONS INCREASED BY 9.7 PCT TO R1,437 BILLION.COMPARED TO RESTATED RESULTS, FY NORMALISED HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS INCREASED BY 8.1 PCT TO 50,5 CENTS PER SHARE.FULL YEAR DIVIDEND DECLARED INCREASED BY 33.3 PCT TO 8 CENTS PER SHARE."ECONOMIC ENVIRONMENT ACROSS SOUTHERN AFRICA IS EXPECTED TO REMAIN CHALLENGING AND WILL INFLUENCE DEMAND FOR INDUSTRIAL CHEMICALS".SMALLER DIVISIONS THAT ARE NOT PROVIDING A "SATISFACTORY RETURN ON CAPITAL" ARE CURRENTLY UNDER STRATEGIC REVIEW.
DSM : Sees 2017 CAPEX to be between 500 million euros ($528 million) and 550 million euros - conference call . Says prices in the beginning of 2017 expected to be approximately equivalent to prices in the beginning of 2016 - conference call . Says expecting continued growth for 2017 including in the animal nutrition business - conference call . Says focusing on operational performance for 2016/2017 - conference call . Says does not anticipate higher prices at this moment - conference call . Says market conditions remain pretty solid - conference call . Expects to grow on nutrition business of about 3 to 4 percent for 2017 - conference call . Says bird flu situation expected to have no major impact on their business - conference call Further company coverage: [DSMN.AS] ($1 = 0.9474 euros) (Gdynia Newsroom) ((email@example.com; +48 58 772 0920;)).
Deepak Fertilisers and Petrochemicals Corp Ltd : Dec quarter net profit 466.2 million rupees . Dec quarter total income from operations 10.59 billion rupees . Net profit in Dec quarter last year was 227.4 million rupees as per Ind-AS; total income from operations was 11.08 billion rupees . Says volumes of technical ammonium nitrate were impacted due to balance invetory of cheap imports . Low purchasing power of farmers due to demonetisation during rabi sowing period impacted performance .Says the new NPK plant is ready for commercial production.
Toyota Tsusho Corp <8015.T>:Says it plans to transfer its entire domestic insurance agent business to wholly owned unit TOYOTA TSUSHO INSURANCE PARTNERS CORPORATION on July 1, 2017.
Nikkei: Toyota Tsusho plans to merge two wholly owned units Tomen Electronics and Toyota Tsusho Electronics - Nikkei . New company sees annual sales of around 460 billion yen, based on figures for the year ended in March - Nikkei .Merging two semiconductor trading houses will conclude major restructuring - Nikkei.
Ashland Inc:Provided an update on the previously announced plan to separate Ashland into two independent, publicly traded companies.That the separation process and timeline remain on track; the preparatory work for separation, including carve-out audit and creation of standalone operating entities, is proceeding on expected timetable.Expects to file a registration statement for the common stock of Valvoline with the Securities and Exchange Commission in mid-calendar year 2016.
Mitsubishi Chemical Holdings Corp:To take over all rights and obligations in existing corporation bonds management business in its units Mitsubishi Chemical Corporation and Mitsubishi Plastics, Inc., effective on March 28.