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Materials and Metals Chemicals

  • Oversupplied conditions may improve between 2020 and 2022, said Agrium Chief Executive Officer Chuck Magro, speaking at an investor conference in British Columbia on Wednesday. Agrium Inc and Potash Corp plan to merge by mid-2017 to cut costs and better compete. Germany's K+ S AG will ramp up production at its new Western Canada mine this year, while EuroChem...

  • Jan 26- Canada's Potash Corp of Saskatchewan Inc forecast a less profitable year on Thursday than analysts expect, and reported a surprisingly big drop in quarterly profit as a deep slump continued in the oversupplied fertilizer sector. Potash Corp said it expected earnings of 35 cents to 55 cents per share in 2017, including costs related to its pending...

  • Potash Corp and rival Agrium Inc announced in September a plan to merge, combining Potash Corp's fertilizer capacity, the world's largest, and Agrium's farm retail network, North America's biggest. Agrium's chief executive said on Wednesday that the merger had received regulatory approval from Russia and Brazil but was awaiting approval from the United...

  • FRANKFURT, Jan 25- Buyout group SK Capital has put Swiss chemicals company Archroma up for sale in a move that could potentially fetch 1.5 billion Swiss francs, people close to the matter said. The investor has asked Evercore and HSBC to find a buyer for a minority or majority stake in the company which it acquired from Switzerland's Clariant in 2013..

  • Stocks to Watch: January 24, 2017

    DuPont, Verizon, and Yahoo stocks are making headlines this Tuesday morning on Wall Street.

  • The world's No. 1 retailer Wal-Mart Stores Inc said last week it would create about 10,000 jobs in the United States this year, as President Donald Trump puts pressure on companies to hire more U.S. workers. Companies such as General Motors Co and Amazon.com Inc have also announced plans to add jobs in the United States. German drug and chemical maker Bayer AG, which...

  • DAVOS, Switzerland, Jan 19- Asset management giant BlackRock and chemical major Dow Chemical praised Saudi Arabia on Thursday as the kingdom said it was pressing ahead with reforms and investments beyond oil. It is as good as anywhere we invest, including the United States, "Dow Chemical Chief Executive Andrew Liveris told a panel devoted to Saudi Arabia at the...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • RIYADH, Jan 19- Saudi Basic Industries Corp remains upbeat on a proposed petrochemical venture in the United States with Exxon Mobil and a preliminary investment decision could be made within months, SABIC's chief executive said on Thursday. SABIC chief executive Yousef al-Benyan told Reuters on Thursday that he would travel to the United States at the end of...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • SEOUL, Jan 19- Lotte Chemical Corp is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth. It was also forced to halt production for around 18 months until last summer to fix a technical issue at an integrated refining-petrochemical complex in Singapore that had cost...

  • SEOUL, Jan 19- South Korea's Lotte Chemical Corp said on Thursday it had submitted a letter of intent earlier this month to acquire Singapore petrochemical company Jurong Aromatics Corp. Lotte Chemical said in a filing to the stock exchange in South Korea that it had been short-listed on Jan. 10 to acquire the Singapore firm, adding that details had not been...

  • SEOUL, Jan 19- South Korea's Lotte Chemical Corp said on Thursday it had submitted a letter of intent earlier this month to acquire Singapore petrochemical company Jurong Aromatics Corp.

  • Kinder Morgan said natural gas transport volumes fell 2 percent in the quarter, however it expects future natural gas infrastructure to grow due to higher demand from gas-fired power generators, exports to Mexico and growth in the U.S. petrochemical industry. The company reported a net profit attributable to shareholders of $170 million, or 8 cents per share,...

  • Monsanto DeKalb brand hybrid corn is loaded into a Case IH planter in a field in Princeton, Ill., April 18, 2016.

    After meeting with President-elect Donald Trump, Bayer and Monsanto pledged jobs and investment, but is this spending new?

  • *Refinery outages hit crude demand just as OPEC cuts production. The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries and non- OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.

  • 2017 a year of expectation for Russian foreign relations: PhosAgro CEO

    PhosAgro CEO Andrey Guryev discusses Russia's relationship with global superpowers China and the U.S.

  • 2017 should be better for us: PhosAgro CEO

    PhosAgro CEO Andrey Guryev discusses the prospects for his company in the coming year.