- Email: [email protected]
Süd-Chemie rejects offer
FOCUS increased from DKR 750-859 M to DKR 800-900 M. Dagbladet Borsen, 11 Aug 2005 (Website: http://www.borsen.dk) (in Danish) & Novozymes 2Q & 1H 2005 results, 11 Aug 2005 (Novozymes A/S, Krogshoejvej 36, Bagsvaerd 2880, Denmark. Website: http://www.novozymes.com)
Avecia-spinout Reaxa starts solo trading Reaxa, a specialist in catalyst technology that has spun out from the UK speciality chemical firm Avecia, has begun trading as a separate unit. Its primary technologies include EnCat encapsulated catalysts and QuadraPure organic and precious metal scavenger resins. The two technologies may benefit the pharmaceuticals industry, which utilises immobilised precious metal catalysts and is concerned in new methods of recovering metal contaminants from products and process waste. Reaxa claims the technologies can help minimise contamination and clean-up costs while boosting the amount of expensive materials that are recycled and reused. TCE (formerly The Chemical Engineer), Aug 2005, (770), 6 & Chemical Engineering Progress, Aug 2005, 101 (8), 11
ON
C ATA LY S T S
2004. During 2Q 2005, the company’s total cost of metals sold was $99.5 M ($48.9 M in 2Q 2004). The 2Q 2005 sales include 26,000 ounces of PGMs from catalyst recycling, including 11,000 ounces of palladium, 12,000 ounces of platinum and 3000 ounces of rhodium, and 109,600 ounces of palladium delivered out of the inventory received in the 2003 Norilsk Nickel transaction. The results of 1H ended Jun 2005 are included in the report. Revenues increased 49% to $125.4 M for 2Q 2005 ($84.2 M in 2Q 2004). The $41.2 M increase was driven by an increase of about $31.5 M in mine production revenues due to an increase in the quantity of metals sold, 161,000 ounces during 2Q 2005 (90,000 ounces in 2Q 2004). For 1H 2005, revenues increased by 37% to $252.8 M ($184.9 M in 1H 2004). Stillwater Mining Co is the only US producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. Stillwater Mining 2Q and 1H 2005 results, 9 Aug 2005 (Stillwater Mining Co, 536, East Pike Avenue, PO Box 1330, Columbus, MT 59019, USA. Tel: +1 406 322 8700. Fax: +1 406 322 9985. Website: http://www.stillwatermining.com)
Süd-Chemie rejects offer Stillwater Mining reports 2Q 2005 results Stillwater Mining Co reported a net loss of $60,000 on revenue of $125.4 M for 2Q ended Jun 2005 (net income of $13.5 M on revenue of $84.2 M for 2Q ended Jun 2004). For 1H ended Jun 2005, net loss was $1.8 M on revenue of $252.8 M (net income of $27.4 M on revenue of $184.9 M in 1H ended Jun 2004). During 2Q 2005, the company produced a total of 139,000 ounces of palladium and platinum (148,000 ounces of palladium and platinum in 2Q 2004). PGM production at the Stillwater Mine decreased 9% to about 99,000 ounces during 2Q 2005 (109,000 ounces in 2Q 2004). At the East Boulder Mine, 2Q 2005 production was about 40,000 ounces. When platinum and palladium sales for 2Q 2005 are averaged together, the company’s combined realised price for mine production was $472/ounce, about 4% lower than the corresponding realization for 2Q
OCTOBER 2005
The managing and supervisory boards of Süd-Chemie have recommended shareholders to reject an offer by One Equity Partners because they consider the price too low and because OEP would not guarantee their independence. Chemical and Engineering News, 8 Aug 2005, 83 (32), 18 & European Chemical News, 8 Aug 2005, 83 (2159), 7 & Chemical Week, 10 Aug 2005, 167 (26), 14 & Chimie Pharma Hebdo, 29 Aug 2005, (308), 3 (in French)
Süd-Chemie increases sales and profits Süd-Chemie had sales up 10% in 1H 2005 at €464.1 M and after-tax profits up 44% at €10.1 M. Good results from catalysts and foundry products contributed. Handelsblatt Wirtschafts- und Finanzzeitung, 9 Aug 2005, 32 (152), 11 (in German)
Süd-Chemie reviewed Süd-Chemie is a global leader in the supply of catalysts, adsorbents, and
additives. The company’s current sales are €862 M but this is to rise to €1.2 bn by the end of the decade. This will be achieved by organic growth. Any growth from acquisitions will be additional to this. SüdChemie’s portfolio includes products ranging from catalysts for the refining, petrochemical, chemical industries and for environmental protection, rheological products for paints and coatings, to functional packaging, electronic products, and nanomaterials. The Asia/Pacific region and the Middle East are regarded as the main areas of opportunity for future growth. SüdChemie recently invested in the formation of Süd-Chemie Liaohe Catalyst Company Ltd. This supplies catalysts mostly for the fertilizers industry and for methanol production. Chemical Week, 10 Aug 2005, 167 (26), 25-27 (Website: http://www.chemweek.com)
Synthetech reports 1Q fiscal 2006 results Synthetech Inc announced financial results for 1Q ended Jun 2005. Revenue for 1Q 2005-2006 was $1.2 M (-56% from $2.7 M in 1Q 20042005). Net loss for 1Q 2005-2006 was $1.1 M (net loss of $412,000 in 1Q 2004-2005). International sales, mainly to Europe, were $692,000 for 1Q 2005-2006 ($198,000 in 1Q 20042005). R&D expenses for 1Q 20052006 were $192,000 ($126,000 in 1Q 2004-2005). The Condensed Statements of Operations unaudited of Synthetech for 1Q ended Jun 2004 and 2005 are included in a table. Synthetech Inc is a fine chemicals company specialising in organic synthesis, biocatalysis, and chiral technologies. Synthetech 1Q 2005-2006 results, 2 Aug 2005 (Synthetech Inc, 1290, Industrial Way, Albany, OR 97321, USA. Tel: +1 541 967 6575. Fax: +1 541 967 9424. E-mail: [email protected]. Website: http://www.synthetech.com)
UOP reorganises catalyst business UOP is forming a new strategic business unit which will combine its Catalysts, Adsorbents, and Specialties businesses. It will include the company’s six wholly-owned manufacturing plants and coordinate
5
Avecia-spinout Reaxa starts solo trading Reaxa, a specialist in catalyst technology that has spun out from the UK speciality chemical firm Avecia, has begun trading as a separate unit. Its primary technologies include EnCat encapsulated catalysts and QuadraPure organic and precious metal scavenger resins. The two technologies may benefit the pharmaceuticals industry, which utilises immobilised precious metal catalysts and is concerned in new methods of recovering metal contaminants from products and process waste. Reaxa claims the technologies can help minimise contamination and clean-up costs while boosting the amount of expensive materials that are recycled and reused. TCE (formerly The Chemical Engineer), Aug 2005, (770), 6 & Chemical Engineering Progress, Aug 2005, 101 (8), 11
ON
C ATA LY S T S
2004. During 2Q 2005, the company’s total cost of metals sold was $99.5 M ($48.9 M in 2Q 2004). The 2Q 2005 sales include 26,000 ounces of PGMs from catalyst recycling, including 11,000 ounces of palladium, 12,000 ounces of platinum and 3000 ounces of rhodium, and 109,600 ounces of palladium delivered out of the inventory received in the 2003 Norilsk Nickel transaction. The results of 1H ended Jun 2005 are included in the report. Revenues increased 49% to $125.4 M for 2Q 2005 ($84.2 M in 2Q 2004). The $41.2 M increase was driven by an increase of about $31.5 M in mine production revenues due to an increase in the quantity of metals sold, 161,000 ounces during 2Q 2005 (90,000 ounces in 2Q 2004). For 1H 2005, revenues increased by 37% to $252.8 M ($184.9 M in 1H 2004). Stillwater Mining Co is the only US producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. Stillwater Mining 2Q and 1H 2005 results, 9 Aug 2005 (Stillwater Mining Co, 536, East Pike Avenue, PO Box 1330, Columbus, MT 59019, USA. Tel: +1 406 322 8700. Fax: +1 406 322 9985. Website: http://www.stillwatermining.com)
Süd-Chemie rejects offer Stillwater Mining reports 2Q 2005 results Stillwater Mining Co reported a net loss of $60,000 on revenue of $125.4 M for 2Q ended Jun 2005 (net income of $13.5 M on revenue of $84.2 M for 2Q ended Jun 2004). For 1H ended Jun 2005, net loss was $1.8 M on revenue of $252.8 M (net income of $27.4 M on revenue of $184.9 M in 1H ended Jun 2004). During 2Q 2005, the company produced a total of 139,000 ounces of palladium and platinum (148,000 ounces of palladium and platinum in 2Q 2004). PGM production at the Stillwater Mine decreased 9% to about 99,000 ounces during 2Q 2005 (109,000 ounces in 2Q 2004). At the East Boulder Mine, 2Q 2005 production was about 40,000 ounces. When platinum and palladium sales for 2Q 2005 are averaged together, the company’s combined realised price for mine production was $472/ounce, about 4% lower than the corresponding realization for 2Q
OCTOBER 2005
The managing and supervisory boards of Süd-Chemie have recommended shareholders to reject an offer by One Equity Partners because they consider the price too low and because OEP would not guarantee their independence. Chemical and Engineering News, 8 Aug 2005, 83 (32), 18 & European Chemical News, 8 Aug 2005, 83 (2159), 7 & Chemical Week, 10 Aug 2005, 167 (26), 14 & Chimie Pharma Hebdo, 29 Aug 2005, (308), 3 (in French)
Süd-Chemie increases sales and profits Süd-Chemie had sales up 10% in 1H 2005 at €464.1 M and after-tax profits up 44% at €10.1 M. Good results from catalysts and foundry products contributed. Handelsblatt Wirtschafts- und Finanzzeitung, 9 Aug 2005, 32 (152), 11 (in German)
Süd-Chemie reviewed Süd-Chemie is a global leader in the supply of catalysts, adsorbents, and
additives. The company’s current sales are €862 M but this is to rise to €1.2 bn by the end of the decade. This will be achieved by organic growth. Any growth from acquisitions will be additional to this. SüdChemie’s portfolio includes products ranging from catalysts for the refining, petrochemical, chemical industries and for environmental protection, rheological products for paints and coatings, to functional packaging, electronic products, and nanomaterials. The Asia/Pacific region and the Middle East are regarded as the main areas of opportunity for future growth. SüdChemie recently invested in the formation of Süd-Chemie Liaohe Catalyst Company Ltd. This supplies catalysts mostly for the fertilizers industry and for methanol production. Chemical Week, 10 Aug 2005, 167 (26), 25-27 (Website: http://www.chemweek.com)
Synthetech reports 1Q fiscal 2006 results Synthetech Inc announced financial results for 1Q ended Jun 2005. Revenue for 1Q 2005-2006 was $1.2 M (-56% from $2.7 M in 1Q 20042005). Net loss for 1Q 2005-2006 was $1.1 M (net loss of $412,000 in 1Q 2004-2005). International sales, mainly to Europe, were $692,000 for 1Q 2005-2006 ($198,000 in 1Q 20042005). R&D expenses for 1Q 20052006 were $192,000 ($126,000 in 1Q 2004-2005). The Condensed Statements of Operations unaudited of Synthetech for 1Q ended Jun 2004 and 2005 are included in a table. Synthetech Inc is a fine chemicals company specialising in organic synthesis, biocatalysis, and chiral technologies. Synthetech 1Q 2005-2006 results, 2 Aug 2005 (Synthetech Inc, 1290, Industrial Way, Albany, OR 97321, USA. Tel: +1 541 967 6575. Fax: +1 541 967 9424. E-mail: [email protected]. Website: http://www.synthetech.com)
UOP reorganises catalyst business UOP is forming a new strategic business unit which will combine its Catalysts, Adsorbents, and Specialties businesses. It will include the company’s six wholly-owned manufacturing plants and coordinate
5