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Nutrición en la enfermedad respiratoria crónica
FOCUS is 610 pages long and prices start from €2500 for a single hard copy. Original Source: Ceresana, 8 Apr 2015 (http:// www.ceresana.com) © Ceresana 2015
MARKET REVIEWS Distribution strategies and adoption issues for green cosmetics According to research conducted by Organic Monitor, in spite of high consumer interest, most sustainable products have low market share. For instance, natural products represent just 3% of personal care product sales in Europe. Organic foods generate 4% of total food sales in North America; the market share of ethical textiles and green household cleaning products is even lower in these regions, below 2%. A major factor behind the low market share is that most green brands are focusing on specialist outlets. Few natural personal care products are in mass market retailers, whereas that channel generates more than a third of cosmetic and toiletry sales in the USA. Brands are advised to follow pioneers such as Green & Black's and Aveda in reaching out to mainstream consumers. Aveda has been successful in the natural personal care industry because of its distribution strategy. Aveda is positioned as a professional hair care brand in salons. Organic Monitor research shows it is the premier brand of natural personal care products, with distribution in > 7000 salons. Ecover has also taken up a similar position in the green household cleaning products market because of extensive distribution. Alverde of DM drugstores has also taken up high market share to become the leading private label of natural personal care products in Europe. When it comes to green cosmetic ingredients, supply instability, traceability and price volatility are factors hindering their adoption, according to Organic Monitor. However, more regulations are being put in place to encourage the use of green chemicals. For example, legislation is being introduced in 3 US states to ban the production and sale of personal care products with microplastic exfoliants due to their adverse effect on marine ecosystems.
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Unilever and L'Oreal are working on eliminating polyethylene beads in their formulations using alternatives derived from wood cellulose, corn, natural minerals and jojoba. Concerns about traceability and the wider price gap between synthetic and natural ingredients due to the recent drop in petroleum feedstock prices are expected to keep a mixed environment on the adoption of green chemicals. Original Source: Organic Monitor, 2015. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 29 Apr 2015, (Website: http://www.specialchem4cosmetics. com). Original Source: HPC, Household and Personal Care Today, May-Jun 2015, 10 (3), 6 (Website: http://hpc-today.teknoscienze.com) © Teknoscienze Srl 2015
COMPANY RESULTS Huntsman reports strong 1Q 2015 earnings in differentiated businesses Huntsman Corp has reported 1Q 2015 results with revenues of $2589 M and adjusted EBITDA of $285 M. EBITDA from differentiated businesses, which include MDI urethanes, performance products, advanced materials and textile effects, improved by approximately $30 M compared to 1Q 2014. Adjusted EBITDA was $329 M in 1Q 2014. The decrease was primarily attributable to an estimated adjusted EBITDA impact of approximately $60 M from a completed planned maintenance outage at Huntsman's PO/MTBE facility in Port Neches, TX, USA. The company experienced some delays in the restart of the facility during Apr 2015. The stronger US dollar also reduced adjusted EBITDA in 1Q 2015 by an estimated $17 M compared to the 1Q 2014 level. Net income attributable to Huntsman was $5 M in 1Q 2015 compared to net income of $54 M a year earlier. Original Source: Huntsman, 30 Apr 2015 (Website: http://www.huntsman.com/) © Huntsman International LLC 2015
Stepan reports 63% 1Q earnings growth For 1Q 2015, Stepan Co reported net income of $21.3 M, up 63% from $13.0 M the previous year. Higher
volumes and margins as well as actions taken in 2014 to improve product mix, reduce cost and improve efficiency all contributed to the improvement, the company said. Net sales declined 4% to $460.5 M from $477.4 M in 1Q 2014, with a 6% decline due to foreign currency effects because of the strength of the US dollar partially offset by improved volumes. Stepan's surfactants segment delivered record quarterly operating income of $33.8 million, up 84% year on year. Income in all four regions was higher, benefiting from operational improvements, an improved product and end-market mix, as well as falling raw material costs. Sales for the segment were $330.6 M, down 2% from 1Q 2014. Currency effects decreased sales by $21.2 M, but sales volumes rose 2%. Strong volume growth outside North America was partially offset by lower North American commodity laundry volumes. The quarter benefited from higher sales through distribution partners, an enhanced oil recovery pilot and growing volumes of the company's environmentally advantaged solvent for the agricultural market. For the rest of 2015, the company expects continued profit gains from improved operations and increased geographic presence particularly in the functional markets for surfactants. Underutilization of its North American anionic capacity remains 'an opportunity and a vulnerability' that will be addressed in 2015, Stepan said. Consumer product volumes are expected to increase in Latin America, supported by the planned plant acquisition in Brazil, ['Focus on Surfactants', Sep 2014], delayed from late 2014 but anticipated to close in 2Q 2015 at the time that the financial results were published. Original Source: Stepan Co, 28 Apr 2015 (Website: http://www.stepan.com) © Stepan Company 2015
Henkel reports good start to fiscal 2015 In 1Q 2015, Henkel's sales rose significantly by 12.7%, reaching a new quarterly high of €4430 M. Adjusted for positive foreign exchange effects of 5.8%, sales improved by 6.9%. Organically (ie, after adjusting for exchange rate and portfolio effects), sales rose by 3.6%. The Laundry & Home Care business unit recorded July 2015
FOCUS strong organic sales growth of 5.2%, while in Beauty Care a solid increase in organic sales of 2.1% was achieved. The Adhesive Technologies business unit posted a 3.3% improvement in organic sales. Henkel's adjusted operating profit improved by 14.1%, from €619 M to €707 M. Reported operating profit (EBIT) grew by 6.5%, from €608 M to €648 M. Adjusted net income for the quarter increased by 12.8% from €452 M to €510 M. Reported net income for the quarter rose by 5.7% from €456 M to €482 M. After deducting €12 M attributable to noncontrolling interests, net income increased to €470 M (1Q 2014: €449 M). Henkel's net financial position as of 31 Mar 2015 was €10 M. As of 31 Dec 2014, the net financial position was -€153 M. In Laundry & Home Care, sales increased by 13.2% to €1298 M in 1Q 2015 from €1147 M in 1Q 2014. Organic sales growth outperformed the relevant markets in 1Q 2015, with the strong increase mainly attributable to the emerging markets. Africa/ Middle East reported double-digit growth, Eastern Europe recorded very strong growth, while Latin America posted a solid performance. Sales growth in the mature markets was positive overall, due primarily to the positive performance in Western Europe and, in particular, strong growth in Germany. Sales in North America remained at the level of 1Q 2014. The business unit's adjusted operating profit increased by 16.7% to €222 M. Reported operating profit was €192 M compared to €196 M in 1Q 2014. Henkel's Beauty Care business unit posted further profitable growth in 1Q 2015. Organic sales growth was once again above that of the relevant markets, leading to market share increases. Nominally, sales increased by 9.9% to €940 M from €856 M in 1Q 2014. The business unit's successful development in the emerging markets continued with very strong organic sales growth. The Asia (excluding Japan), Africa/Middle East and Latin America regions registered double-digit growth, while Eastern Europe continued to show solid development. The situation in the mature markets was characterized by a persistently difficult market environment. As a result, sales remained slightly below the figure for 1Q 2014. While growth in July 2015
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North America was solid, sales in the mature markets of the Asia-Pacific region were below the level of 1Q 2014. Beauty Care's adjusted operating profit rose by 11.4% versus 1Q 2014 and reached €150 M. Reported operating profit grew by 17.0% to €133 M. Original Source: Henkel AG & Co KGaA, 7 May 2015, (Website: http://www.henkel.com) © Henkel AG & Co KGaA 2015
Novozymes’ interim report for 1Q 2015 Novozymes' sales to the household care industry reached DKR 1127 M (c €151 M) in 1Q 2015, down by 2% organically but up by 4% in DKR compared with DKR 1080 M in 1Q 2014. Sales growth was hampered by a tough comparison and challenging markets, especially in the Americas. Sales in Latin America were soft, and the North American market continued to be impacted by the dynamic consumer market with trading-down and strong competition among detergent producers. The dynamic US market has led to a desire by some customers to focus on formulation cost reduction, which has had a negative impact on demand for enzyme solutions. Sales in other markets continued to benefit from customers' interest in optimizing detergent formulations to enhance wash performance and sustainability. Original Source: Novozymes, 23 Apr 2015 (Website: http://www.novozymes.com) © Novozymes 2015
Cargill buys OPXBIO’s fermentation technology Cargill, a large supplier of carbohydrates and other biotech offerings, has acquired Colorado, USA-based OPX Biotechnologies' (OPXBIO) proprietary EDGE (Efficiency Directed Genome Engineering) fermentation-based processes and systems. These technologies are used to produce biobased chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrochemicals and personal care products [see also 'Focus on Surfactants', Mar 2013]. EDGE was used by OPX to manufacture acrylic acid in collaboration with Dow Chemical and Evonik [ibid, Jul 2012]. Cargill's acquisition further expands its presence in commercial fermentation products outside of food and feed. OPXBIO will support the transition to Cargill but will close down once the transition is finished. Original Source: Cargill, 2015. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 4 May 2015, (Website: http://www.specialchem4cosmetics. com). Original Source: Speciality Chemicals, May 2015, 35 (5), 6 (Website: http://www. specchemonline.com) © Quartz Chemicals Ltd 2015
BASF expands its capacity for speciality amines in Ludwigshafen
Procter & Gamble Co (P&G), headquartered in Cincinnati, announced that it would cut 3000 to 6000 jobs globally over the next two years amid criticism it might not be enough. The overall cuts are 25-30% of office jobs. The news came in the course of the company's 3Q FY 2014 report on 23 Apr 2015.
BASF is significantly expanding its production capacity for about 20 speciality amines at its Verbund site in Ludwigshafen. To this end, the company will invest a double-digit million euro amount in expanding current production facilities, which will be gradually brought on stream by early 2017. With this investment, BASF strengthens its worldwide amine production network with plants in Ludwigshafen and Schwarzheide (Germany), in Antwerp (Belgium), in Geismar (Louisiana, USA) and in Nanjing (China). Last year, BASF announced the construction of a new plant for the manufacturing of speciality amines at its Nanjing site, with start-up planned for 2015 ['Focus on Surfactants', May 2014].
REF Original Source: BioSpace, 27 Apr 2015, (Website: http://www.biospace.com)
Original Source: BASF, 4 Mar 2015, (Website: http://www.basf.com/) © BASF 2015
COMPANY NEWS Procter & Gamble to axe up to 6000 office jobs worldwide
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MARKET REVIEWS Distribution strategies and adoption issues for green cosmetics According to research conducted by Organic Monitor, in spite of high consumer interest, most sustainable products have low market share. For instance, natural products represent just 3% of personal care product sales in Europe. Organic foods generate 4% of total food sales in North America; the market share of ethical textiles and green household cleaning products is even lower in these regions, below 2%. A major factor behind the low market share is that most green brands are focusing on specialist outlets. Few natural personal care products are in mass market retailers, whereas that channel generates more than a third of cosmetic and toiletry sales in the USA. Brands are advised to follow pioneers such as Green & Black's and Aveda in reaching out to mainstream consumers. Aveda has been successful in the natural personal care industry because of its distribution strategy. Aveda is positioned as a professional hair care brand in salons. Organic Monitor research shows it is the premier brand of natural personal care products, with distribution in > 7000 salons. Ecover has also taken up a similar position in the green household cleaning products market because of extensive distribution. Alverde of DM drugstores has also taken up high market share to become the leading private label of natural personal care products in Europe. When it comes to green cosmetic ingredients, supply instability, traceability and price volatility are factors hindering their adoption, according to Organic Monitor. However, more regulations are being put in place to encourage the use of green chemicals. For example, legislation is being introduced in 3 US states to ban the production and sale of personal care products with microplastic exfoliants due to their adverse effect on marine ecosystems.
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Unilever and L'Oreal are working on eliminating polyethylene beads in their formulations using alternatives derived from wood cellulose, corn, natural minerals and jojoba. Concerns about traceability and the wider price gap between synthetic and natural ingredients due to the recent drop in petroleum feedstock prices are expected to keep a mixed environment on the adoption of green chemicals. Original Source: Organic Monitor, 2015. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 29 Apr 2015, (Website: http://www.specialchem4cosmetics. com). Original Source: HPC, Household and Personal Care Today, May-Jun 2015, 10 (3), 6 (Website: http://hpc-today.teknoscienze.com) © Teknoscienze Srl 2015
COMPANY RESULTS Huntsman reports strong 1Q 2015 earnings in differentiated businesses Huntsman Corp has reported 1Q 2015 results with revenues of $2589 M and adjusted EBITDA of $285 M. EBITDA from differentiated businesses, which include MDI urethanes, performance products, advanced materials and textile effects, improved by approximately $30 M compared to 1Q 2014. Adjusted EBITDA was $329 M in 1Q 2014. The decrease was primarily attributable to an estimated adjusted EBITDA impact of approximately $60 M from a completed planned maintenance outage at Huntsman's PO/MTBE facility in Port Neches, TX, USA. The company experienced some delays in the restart of the facility during Apr 2015. The stronger US dollar also reduced adjusted EBITDA in 1Q 2015 by an estimated $17 M compared to the 1Q 2014 level. Net income attributable to Huntsman was $5 M in 1Q 2015 compared to net income of $54 M a year earlier. Original Source: Huntsman, 30 Apr 2015 (Website: http://www.huntsman.com/) © Huntsman International LLC 2015
Stepan reports 63% 1Q earnings growth For 1Q 2015, Stepan Co reported net income of $21.3 M, up 63% from $13.0 M the previous year. Higher
volumes and margins as well as actions taken in 2014 to improve product mix, reduce cost and improve efficiency all contributed to the improvement, the company said. Net sales declined 4% to $460.5 M from $477.4 M in 1Q 2014, with a 6% decline due to foreign currency effects because of the strength of the US dollar partially offset by improved volumes. Stepan's surfactants segment delivered record quarterly operating income of $33.8 million, up 84% year on year. Income in all four regions was higher, benefiting from operational improvements, an improved product and end-market mix, as well as falling raw material costs. Sales for the segment were $330.6 M, down 2% from 1Q 2014. Currency effects decreased sales by $21.2 M, but sales volumes rose 2%. Strong volume growth outside North America was partially offset by lower North American commodity laundry volumes. The quarter benefited from higher sales through distribution partners, an enhanced oil recovery pilot and growing volumes of the company's environmentally advantaged solvent for the agricultural market. For the rest of 2015, the company expects continued profit gains from improved operations and increased geographic presence particularly in the functional markets for surfactants. Underutilization of its North American anionic capacity remains 'an opportunity and a vulnerability' that will be addressed in 2015, Stepan said. Consumer product volumes are expected to increase in Latin America, supported by the planned plant acquisition in Brazil, ['Focus on Surfactants', Sep 2014], delayed from late 2014 but anticipated to close in 2Q 2015 at the time that the financial results were published. Original Source: Stepan Co, 28 Apr 2015 (Website: http://www.stepan.com) © Stepan Company 2015
Henkel reports good start to fiscal 2015 In 1Q 2015, Henkel's sales rose significantly by 12.7%, reaching a new quarterly high of €4430 M. Adjusted for positive foreign exchange effects of 5.8%, sales improved by 6.9%. Organically (ie, after adjusting for exchange rate and portfolio effects), sales rose by 3.6%. The Laundry & Home Care business unit recorded July 2015
FOCUS strong organic sales growth of 5.2%, while in Beauty Care a solid increase in organic sales of 2.1% was achieved. The Adhesive Technologies business unit posted a 3.3% improvement in organic sales. Henkel's adjusted operating profit improved by 14.1%, from €619 M to €707 M. Reported operating profit (EBIT) grew by 6.5%, from €608 M to €648 M. Adjusted net income for the quarter increased by 12.8% from €452 M to €510 M. Reported net income for the quarter rose by 5.7% from €456 M to €482 M. After deducting €12 M attributable to noncontrolling interests, net income increased to €470 M (1Q 2014: €449 M). Henkel's net financial position as of 31 Mar 2015 was €10 M. As of 31 Dec 2014, the net financial position was -€153 M. In Laundry & Home Care, sales increased by 13.2% to €1298 M in 1Q 2015 from €1147 M in 1Q 2014. Organic sales growth outperformed the relevant markets in 1Q 2015, with the strong increase mainly attributable to the emerging markets. Africa/ Middle East reported double-digit growth, Eastern Europe recorded very strong growth, while Latin America posted a solid performance. Sales growth in the mature markets was positive overall, due primarily to the positive performance in Western Europe and, in particular, strong growth in Germany. Sales in North America remained at the level of 1Q 2014. The business unit's adjusted operating profit increased by 16.7% to €222 M. Reported operating profit was €192 M compared to €196 M in 1Q 2014. Henkel's Beauty Care business unit posted further profitable growth in 1Q 2015. Organic sales growth was once again above that of the relevant markets, leading to market share increases. Nominally, sales increased by 9.9% to €940 M from €856 M in 1Q 2014. The business unit's successful development in the emerging markets continued with very strong organic sales growth. The Asia (excluding Japan), Africa/Middle East and Latin America regions registered double-digit growth, while Eastern Europe continued to show solid development. The situation in the mature markets was characterized by a persistently difficult market environment. As a result, sales remained slightly below the figure for 1Q 2014. While growth in July 2015
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North America was solid, sales in the mature markets of the Asia-Pacific region were below the level of 1Q 2014. Beauty Care's adjusted operating profit rose by 11.4% versus 1Q 2014 and reached €150 M. Reported operating profit grew by 17.0% to €133 M. Original Source: Henkel AG & Co KGaA, 7 May 2015, (Website: http://www.henkel.com) © Henkel AG & Co KGaA 2015
Novozymes’ interim report for 1Q 2015 Novozymes' sales to the household care industry reached DKR 1127 M (c €151 M) in 1Q 2015, down by 2% organically but up by 4% in DKR compared with DKR 1080 M in 1Q 2014. Sales growth was hampered by a tough comparison and challenging markets, especially in the Americas. Sales in Latin America were soft, and the North American market continued to be impacted by the dynamic consumer market with trading-down and strong competition among detergent producers. The dynamic US market has led to a desire by some customers to focus on formulation cost reduction, which has had a negative impact on demand for enzyme solutions. Sales in other markets continued to benefit from customers' interest in optimizing detergent formulations to enhance wash performance and sustainability. Original Source: Novozymes, 23 Apr 2015 (Website: http://www.novozymes.com) © Novozymes 2015
Cargill buys OPXBIO’s fermentation technology Cargill, a large supplier of carbohydrates and other biotech offerings, has acquired Colorado, USA-based OPX Biotechnologies' (OPXBIO) proprietary EDGE (Efficiency Directed Genome Engineering) fermentation-based processes and systems. These technologies are used to produce biobased chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrochemicals and personal care products [see also 'Focus on Surfactants', Mar 2013]. EDGE was used by OPX to manufacture acrylic acid in collaboration with Dow Chemical and Evonik [ibid, Jul 2012]. Cargill's acquisition further expands its presence in commercial fermentation products outside of food and feed. OPXBIO will support the transition to Cargill but will close down once the transition is finished. Original Source: Cargill, 2015. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 4 May 2015, (Website: http://www.specialchem4cosmetics. com). Original Source: Speciality Chemicals, May 2015, 35 (5), 6 (Website: http://www. specchemonline.com) © Quartz Chemicals Ltd 2015
BASF expands its capacity for speciality amines in Ludwigshafen
Procter & Gamble Co (P&G), headquartered in Cincinnati, announced that it would cut 3000 to 6000 jobs globally over the next two years amid criticism it might not be enough. The overall cuts are 25-30% of office jobs. The news came in the course of the company's 3Q FY 2014 report on 23 Apr 2015.
BASF is significantly expanding its production capacity for about 20 speciality amines at its Verbund site in Ludwigshafen. To this end, the company will invest a double-digit million euro amount in expanding current production facilities, which will be gradually brought on stream by early 2017. With this investment, BASF strengthens its worldwide amine production network with plants in Ludwigshafen and Schwarzheide (Germany), in Antwerp (Belgium), in Geismar (Louisiana, USA) and in Nanjing (China). Last year, BASF announced the construction of a new plant for the manufacturing of speciality amines at its Nanjing site, with start-up planned for 2015 ['Focus on Surfactants', May 2014].
REF Original Source: BioSpace, 27 Apr 2015, (Website: http://www.biospace.com)
Original Source: BASF, 4 Mar 2015, (Website: http://www.basf.com/) © BASF 2015
COMPANY NEWS Procter & Gamble to axe up to 6000 office jobs worldwide
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