Industry News

Granges AB on Thursday reported profit of SEK114m, or diluted EPS of SEK1.53, for the second quarter 2016. This was in comparison with profit of SEK115m, or diluted EPS of SEK1.54, in Q2 of 2015.. Net sales for the quarter totalled SEK1, 442 m, down by 4.2% as compared with SEK1, 506 m in Q2 2015, reportedly as a result of lower aluminium prices."/>
Gränges posts profit of SEK114m in Q2 2016
Granges AB on Thursday reported profit of SEK114m, or diluted EPS of SEK1.53, for the second quarter 2016. This was in comparison with profit of SEK115m, or diluted EPS of SEK1.54, in Q2 of 2015.. Net sales for the quarter totalled SEK1, 442 m, down by 4.2% as compared with SEK1, 506 m in Q2 2015, reportedly as a result of lower aluminium prices."/>
Gränges posts profit of SEK114m in Q2 2016
Air Products announces USD0.86 per share dividend for quarter
Jaiprakash Power Ventures..."/>
Jaypee Group in talks to sell stake in power transmission unit [Mint, New Delhi]
Corporate myopia crimps CSR scope [Mint, New Delhi]
JSW Energy Ltd on Thursday said it has withdrawn its plan to acquire a majority stake in power producer Monnet Power Co. Ltd after the lenders to the latter rejected the offer. JSW Energy, which has acquired three power plants from struggling peers in the last one year, had entered into an agreement with iron producer Monnet Ispat& Energy Ltd to acquire a majority stake in its subsidiary Monnet Power Co. in July 2015. The two companies had not..."/>
Lenders to Monnet Power reject JSW Energy's acquisition offer [Mint, New Delhi]
Cairn India Ltd chairman Navin Agarwal on Thursday said his company expects to merge with parent Vedanta Ltd by the end of March, even as Life Insurance Corp. of India, a key shareholder in both companies, is yet to give its approval for the merger. Last June, Vedanta Ltd, the flagship firm of Vedanta Resources Plc, decided to merge with its unit Cairn India. The company wanted to complete the merger by June."/>
Cairn India expects merger with Vedanta by March-end [Mint, New Delhi]
PPG Industries has reached an agreement for Mexico-based company Vitro S.A.B. de C.V. to purchase the flat glass operations in the United States for about $750 million. Wichita Falls plant manager Bill Haley told the Times Record News Thursday afternoon that the local facility won't see any "curtailment in production or employment" as a result of the transaction and there could be an opportunity for growth by the operation folding into Vitro."/>
UPDATE: Mexico-based Vitro to buy PPG glass operations [Times Record News, Wichita Falls, Texas]
Commercial Vehicle Group on Wednesday said it will close its plant in Monona, idling more than 100 people. The New Albany, Ohio, company shut down a plant in Edgewood in late May, eliminating about 80 jobs."/>
Monona plant closes, latest in round of Iowa manufacturing job losses [The Gazette, Cedar Rapids, Iowa]
Alcoa's Wenatchee Works. Looking at the world aluminum market, with the glut of the metal on the market and low prices, it's tough to imagine the plant with 65- year-old technology will restart. The Alcoa Working Group has been talking to civic leaders from Longview and The Dalles about how they handled the..."/>
Common Ground | Group studying future with or without Alcoa [The Wenatchee World, Wash.]
US Chemical Maker Stepan to Acquire Facilities in Brazil
Ball Corp.' s Ball Aerospace unit acquired specialised engineering cyber firm Wavefront Technologies earlier this year to further strengthen and diversify its business portfolio, the company said. Terms of the deal were not disclosed. Wavefront Technologies develops animation software."/>
Ball Aerospace to Move Acquired Animation Software Team to Larger DC-Area Location
M and A Navigator: Deal pipeline –22 July
PPG Industries Inc. ended a more than 130- year run as a flat glass manufacturer Thursday as it agreed to sell that part of its operation to a Mexican company for $750 million. PPG, which was founded in 1883 as Pittsburgh Plate Glass, called the divestiture "the end of an historic era" as it focuses on producing paint and coatings."/>
PPG sells flat glass division, ending 'historic' era in Pittsburgh [The Pittsburgh Tribune-Review]
Sensient Technologies Corporation reported diluted earnings per share from continuing operations of 55 cents in this year’ s second quarter compared to 64 cents in last year’ s second quarter. Revenue was $360.8 million in this year’ s second quarter, an increase of 4.3% compared to $346.0 million in the comparable period last year. Operating income was $43.7 million in the second quarter of 2016 compared to $45.1 million in last year’ s second quarter."/>
Sensient Technologies Corporation Reports Results for the Quarter Ended June 30, 2016
Nucor beat expectations with an 87 percent rise in second-quarter earnings compared with last year, helped by lower costs and improving steel prices. The steel giant reported net earnings of 73 cents per share, eclipsing the 70 cents expected by analysts tracked by Zacks Investment Research. Nucor posted total profits attributable to stockholders of $233.8 million in the second quarter, compared with $124.8 million, or 39 cents per share, a year ago."/>
Nucor profits rise 87 percent, beat expectations [The Charlotte Observer]
Lydian International Limited is pleased to announce that the Board of Directors of the Company has approved the terms of a proposed non-brokered private placement of ordinary shares of the Company to the European Bank for Reconstruction and Development."/>
Lydian Announces Proposed Investment by the European Bank for Reconstruction and Development
Agrium Inc. plans to release their second quarter earnings results on Wednesday, August 3, 2016 after markets close. The Company plans to host a conference call the following day, Thursday, August 4, 2016 at 8:00 a.m. MDT. A webcast of the conference call including the presentation slides and dial in numbers can be accessed by visiting Agrium's website at www.agrium.com."/>
Agrium Announces Release Dates for Second Quarter 2016 Results and Conference Call
Thompson Creek Metals Company Inc., has scheduled a conference call/webcast for analysts and investors to discuss its second quarter 2016 financial results on Tuesday, August 9, 2016 at 11:00 a.m. ET. A news release will be issued after markets close on Monday, August 8, 2016.. To participate in the call, please dial 1 427-7450 or 1 231-8191. A live audio webcast of the conference call will be available at http://bit.ly/29SuZKF and..."/>
Thompson Creek Schedules Second Quarter 2016 Financial Results Conference Call/Webcast on August 9, 2016
Thompson Creek Metals Company Inc., has scheduled a conference call/webcast for analysts and investors to discuss its second quarter 2016 financial results on Tuesday, August 9, 2016 at 11:00 a.m. ET. A news release will be issued after markets close on Monday, August 8, 2016.. To participate in the call, please dial 1 427-7450 or 1 231-8191. A live audio webcast of the conference call will be available at http://bit.ly/29SuZKF and..."/>
Thompson Creek Schedules Second Quarter 2016 Financial Results Conference Call/Webcast on August 9, 2016
Sensient Technologies Corporation has declared a regular quarterly cash dividend on its common stock of $0.27 per share. The cash dividend will be paid on September 1, 2016, to shareholders of record on August 5, 2016.. Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances."/>
Sensient Declares Dividend

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