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Azelis Personal Care UK adds new ranges
FOCUS versus $21.1 M in 3Q 2015. Sales were on a par with 3Q 2015 at $445 M, although total company sales volume increased by 2% for 3Q 2016. Surfactant sales were flat year on year at $290 M, with global surfactant volumes also flat, but operating income decreased by 5% versus the previous year to $20.7 M. Most of this decrease was attributable to lower sales volumes in Latin American and Europe. North American surfactant operating income improved on higher volumes. Polymer operating income was $27.1 M, a 10% increase versus the prior year. This was mostly attributable to higher volume, which was up 11% year on year. The effect of foreign currency translation had an immaterial impact on net income versus the previous year. During Jan-Sep 2016, the company's reported net income was a record $75.9 M, a 20% increase versus $63.1 M for the same period in 2015. Adjusted net income was a record $84.1 M, a 35% increase year on year from $62.4 M in 2015. Total company sales volume increased by 8% for the first nine months of 2016. The effect of foreign currency translation negatively impacted net income by $2.3 M. On 17 Oct 2016, the board of directors of Stepan declared a 7.9% increase in the company's quarterly cash dividend on its common stock to $0.205/share. The dividend is payable on 15 Dec 2016, to common stockholders of record on 30 Nov 2016. The increase marks the forty-ninth consecutive year in which the quarterly dividend rate on the company's common stock has increased. Original Source: Stepan Company, 2016. Found on PR Newswire, 18 Oct 2016, (Website: http://www.prnewswire.com)
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Procter & Gamble exceeds expectations Procter & Gamble has unexpectedly increased its profits at the start of its new business year as its savings programme pays off. Net profits were up 4% from $2.6 bn to $2.71 bn in the latest quarter. Adjusted earnings per share were up from 93 cts to $1.03. Analysts had expected 97 cts. Sales were flat at $16.52 bn because of exchange rate effects but still beat market expectations of $16.49 bn. Organic growth was 3%. The company has confirmed its outlook for the 2016/2017 business year. Earnings per share should be up by a mid-single-digit percentage; full-year sales should grow around 1%. The company has divested unprofitable sectors in order to focus more on core brands. Original Source: Chemie Aktuell, 25 Oct 2016, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2016. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 25 Oct 2016, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2016
COMPANY NEWS Solvay increases targets for period to 2018
Unilever increased its sales by 3.4% at constant exchange rates in 3Q 2016. The consumer goods company was able to compensate for lower sales with higher prices. After adjusting for acquisitions, divestments and exchange rate effects, sales were up 3.2%. After adjusting for adverse currency effects of 3.4%, sales were flat at €13.4 bn. Sales in emerging markets were up 5.6% (8.4% in 2015). Adjusted sales in industrialized countries were flat (they grew 2.1% a year earlier).
Solvay announced on 29 Sep 2016 that it is increasing its targets for the period to 2018. It is aiming at annual growth in EBITDA of between 5% and 10% due to programmes that should generate an extra €450 M. The group wants to have cumulated free cash flow of more than €2.4 bn for 20162018. Solvay is to strengthen its Advanced Materials division (sales of €4.5 bn in 2015) through increased contracts and extra production capacity. The consolidation of Cytec should contribute to cash flow from 2016 with savings of €150 M expected by 2018, 50% above the target set when Cytec was acquired ['Focus on Surfactants', Feb 2016].
Original Source: Chemie Aktuell, 13 Oct 2016, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2016
Original Source: Chimie Pharma Hebdo, 3 Oct 2016, (775), (Website: http://www.industrie. com/chimie) (in French) © ETAI Information 2016
Unilever props up sales with price increases
December 2016
Innospec expands partnership with Eigenmann & Veronelli for surfactant range Innospec has announced the expansion of its partnership with Eigenmann & Veronelli in Turkey. The new agreement gives Eigenmann & Veronelli the opportunity to represent Innospec's legacy products, including their flagship Sulfate-Free Iselux surfactant range and Pureact Taurate surfactants along with their Activsoft, Activemol, Condicare, Dispersun, Finsolv, Natrlquest and Rhesperse product ranges. Original Source: Innospec, 2016. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 5 Oct 2016, (Website: http://www.specialchem4cosmetics.com)
Air Products names new distributor for additives Sea-Land Chemical has been appointed as the US distributor of Air Products' surfactants in Colorado, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota and South Dakota, thus replacing Harcros Chemicals effective 1 Nov 2016. The products serve as functional additives in cleaning, metalworking and related uses. Original Source: ICIS Chemical Business, 1016 Oct 2016, 290 (12), 6 (Website: http:// www.icis.com) © Reed Business Information Limited 2016
Azelis Personal Care UK adds new ranges Azelis Personal Care in the UK announces agreements with a number of new world class manufacturers, bringing an exciting selection of new quality products to its portfolio of speciality chemicals and raw materials. Among the additional companies is Sino Lion, which claims to supply the first truly 'green' surfactants, offering mildness, excellent biodegradability and an improved skin feel. Sino Lion active ingredients include skin lighteners, advanced anti-microbial/anti-dandruff technologies, sensory agents and super mild sulfate-free surfactants. Another new addition, Temix is one of Europe's premier manufacturers of esters, emulsifiers and surfactants from renewable sources for use across cosmetic applications. Original source: Azelis, 13 Oct 2016, (Website: http://www.azelis.com) © Azelis 2016
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Procter & Gamble exceeds expectations Procter & Gamble has unexpectedly increased its profits at the start of its new business year as its savings programme pays off. Net profits were up 4% from $2.6 bn to $2.71 bn in the latest quarter. Adjusted earnings per share were up from 93 cts to $1.03. Analysts had expected 97 cts. Sales were flat at $16.52 bn because of exchange rate effects but still beat market expectations of $16.49 bn. Organic growth was 3%. The company has confirmed its outlook for the 2016/2017 business year. Earnings per share should be up by a mid-single-digit percentage; full-year sales should grow around 1%. The company has divested unprofitable sectors in order to focus more on core brands. Original Source: Chemie Aktuell, 25 Oct 2016, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2016. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 25 Oct 2016, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2016
COMPANY NEWS Solvay increases targets for period to 2018
Unilever increased its sales by 3.4% at constant exchange rates in 3Q 2016. The consumer goods company was able to compensate for lower sales with higher prices. After adjusting for acquisitions, divestments and exchange rate effects, sales were up 3.2%. After adjusting for adverse currency effects of 3.4%, sales were flat at €13.4 bn. Sales in emerging markets were up 5.6% (8.4% in 2015). Adjusted sales in industrialized countries were flat (they grew 2.1% a year earlier).
Solvay announced on 29 Sep 2016 that it is increasing its targets for the period to 2018. It is aiming at annual growth in EBITDA of between 5% and 10% due to programmes that should generate an extra €450 M. The group wants to have cumulated free cash flow of more than €2.4 bn for 20162018. Solvay is to strengthen its Advanced Materials division (sales of €4.5 bn in 2015) through increased contracts and extra production capacity. The consolidation of Cytec should contribute to cash flow from 2016 with savings of €150 M expected by 2018, 50% above the target set when Cytec was acquired ['Focus on Surfactants', Feb 2016].
Original Source: Chemie Aktuell, 13 Oct 2016, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2016
Original Source: Chimie Pharma Hebdo, 3 Oct 2016, (775), (Website: http://www.industrie. com/chimie) (in French) © ETAI Information 2016
Unilever props up sales with price increases
December 2016
Innospec expands partnership with Eigenmann & Veronelli for surfactant range Innospec has announced the expansion of its partnership with Eigenmann & Veronelli in Turkey. The new agreement gives Eigenmann & Veronelli the opportunity to represent Innospec's legacy products, including their flagship Sulfate-Free Iselux surfactant range and Pureact Taurate surfactants along with their Activsoft, Activemol, Condicare, Dispersun, Finsolv, Natrlquest and Rhesperse product ranges. Original Source: Innospec, 2016. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 5 Oct 2016, (Website: http://www.specialchem4cosmetics.com)
Air Products names new distributor for additives Sea-Land Chemical has been appointed as the US distributor of Air Products' surfactants in Colorado, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota and South Dakota, thus replacing Harcros Chemicals effective 1 Nov 2016. The products serve as functional additives in cleaning, metalworking and related uses. Original Source: ICIS Chemical Business, 1016 Oct 2016, 290 (12), 6 (Website: http:// www.icis.com) © Reed Business Information Limited 2016
Azelis Personal Care UK adds new ranges Azelis Personal Care in the UK announces agreements with a number of new world class manufacturers, bringing an exciting selection of new quality products to its portfolio of speciality chemicals and raw materials. Among the additional companies is Sino Lion, which claims to supply the first truly 'green' surfactants, offering mildness, excellent biodegradability and an improved skin feel. Sino Lion active ingredients include skin lighteners, advanced anti-microbial/anti-dandruff technologies, sensory agents and super mild sulfate-free surfactants. Another new addition, Temix is one of Europe's premier manufacturers of esters, emulsifiers and surfactants from renewable sources for use across cosmetic applications. Original source: Azelis, 13 Oct 2016, (Website: http://www.azelis.com) © Azelis 2016
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