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Ashland advances strategic $60MM network optimization
Globenewswire· 2025-07-08 21:00
Core Insights - Ashland Inc. is implementing a $60 million manufacturing network optimization plan to enhance operational consistency and profitability, which includes closing its Parlin, New Jersey facility and transferring hydroxyethyl cellulose (HEC) production to Hopewell, Virginia [1][2] - The company is also consolidating its microbial protection production from Chatham, New Jersey to Freetown, Massachusetts, aiming to improve cost efficiency across its manufacturing sites [1][2] - The optimization plan is expected to strengthen core technologies, including vinyl pyrrolidone and derivatives (VP&D) and HEC, with the Hopewell facility receiving increased investments to expand capacity [2][3] Manufacturing Strategy - The completion of the HEC plans is a vital component of Ashland's overall savings initiative, with the newly consolidated HEC network capable of supporting demand in the United States, Europe, and China [2] - Ashland is focused on identifying and accelerating productivity within its plant network to drive savings beyond the $60 million target [2][3] - The company emphasizes a strategic approach to innovation and organic growth, allowing for cost-effective repurposing of assets while maintaining operational efficiency [5] Investment and Growth - Significant investments have been made in various regions, including Ireland, the United States, Brazil, and China, to enhance capabilities in injectables, tablet coatings, and microbial protection [3] - Ashland is also in the process of building a tablet coating plant in India, further expanding its global footprint [3] - The company showcased new patented technologies during a recent Innovation Day, aimed at unlocking new markets with differentiated performance [4]
Cabot Corporation to Announce Third Quarter 2025 Operating Results
Globenewswire· 2025-07-08 20:41
BOSTON, July 08, 2025 (GLOBE NEWSWIRE) -- Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the third quarter of fiscal 2025 on Monday, August 4, 2025, after market close. The Company will host a conference call and live webcast to review the third quarter results beginning at 8:00 am (ET) on Tuesday, August 5, 2025. The call will be webcast by Notified and may be accessed at Cabot’s website at https://cabotog.gcs-web.com/. If you are unable to participate during the l ...
Corteva Q2 Preview: Potential Benefit From Positive Biofuel Policy In Brazil
Seeking Alpha· 2025-07-08 17:35
I assigned a ‘ buy’ rating to Corteva (NYSE: CTVA ) in November 2024, highlighting its low commodity and raw material costs. Since then, the stock price has surged by more than 30% and significantly outperformed the S&P 500 Index (Analyst’s Disclosure:I/we have a beneficial long position in the shares of CTVA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I h ...
Dow to Close Down 3 Upstream European Assets Amid Regional Headwinds
ZACKS· 2025-07-08 14:56
Key Takeaways DOW will close three upstream assets in Germany and the U.K. by the end of 2027. The move aims to lower exposure to merchant sales and cut energy-intensive operations. DOW expects $200M EBITDA by 2029, with $500M in cash costs over four years.Dow Inc. (DOW) recently announced that its board of directors has approved the closure of several facilities across its global operations. This is part of Dow’s continued implementation of the European asset actions outlined in April 2025. This includes ...
Avient To Hold Second Quarter 2025 Conference Call
Prnewswire· 2025-07-07 21:55
Group 1 - Avient Corporation plans to release its second quarter 2025 earnings on August 1, 2025, before the market opens [1] - A webcast with a slide presentation will be hosted at 8:00 a.m. Eastern Time on the same day [1] - Participants in the conference call must pre-register to receive the dial-in number and personal PIN for the Q&A session [2] Group 2 - A recording of the webcast and the slide presentation will be available on the company's investor website immediately after the conference call and will remain accessible for one year [3] - Avient Corporation focuses on being an innovator of materials solutions, aiming to help customers succeed while promoting sustainability [4] - The company employs over 9,000 employees globally, leveraging their collective strength to innovate solutions that address customer challenges and capitalize on market opportunities [4]
Shell Lowers Q2'25 Guidance for Integrated Gas & Chemicals Divisions
ZACKS· 2025-07-07 14:46
Core Insights - Shell plc has provided an update on its second-quarter outlook for its integrated gas division and LNG production, indicating expectations of weaker results compared to the previous quarter [1][5] Integrated Gas Division - Shell has lowered its production guidance for the integrated gas division to a range of 900,000-940,000 barrels of oil equivalent per day (boe/d), down from the previously announced range of 890,000-950,000 boe/d [2][10] - LNG production guidance has also been revised to an expected range of 6.4-6.8 million metric tons, compared to the earlier range of 6.3-6.9 million tons [2][10] - Weaker gas trading results are anticipated compared to the first quarter [2][10] Marketing Division - In the marketing division, Shell expects second-quarter sales volumes to increase, with anticipated sales volumes in the range of 2.6-3 million barrels per day (bpd), slightly lower than prior expectations of 2.6-3.1 million bpd [3] Chemicals Division - The chemicals division is expected to incur a loss in the second quarter, with a utilization rate projected between 68% and 72%, significantly down from 81% in the first quarter [4] - Unplanned maintenance at the Monaca plant has negatively impacted chemical utilization [4] Overall Expectations - Shell anticipates weaker results in the second quarter, particularly in the Integrated Gas and Chemicals & Products divisions [5] - The company expects exploration well write-offs in the upstream division to be approximately $200 million [5]
New Strong Sell Stocks for July 7th
ZACKS· 2025-07-07 11:46
Group 1: Company Performance - Arkema (ARKAY) has seen a downward revision of its current year earnings estimate by approximately 17.2% over the last 60 days [1] - American Airlines (AAL) has experienced a 9.4% downward revision in its current year earnings estimate over the past 60 days [2] - Americold Realty Trust (COLD) has had its current year earnings estimate revised downward by 5.9% in the last 60 days [3] Group 2: Industry Insights - Arkema operates in the manufacturing and marketing of vinyl products, industrial chemicals, and performance products [1] - American Airlines provides scheduled air transportation services for passengers and cargo across various regions including the United States and Latin America [2] - Americold Realty Trust is a real estate investment trust focused on temperature-controlled warehouses in multiple countries [3]
Dow will shut down three upstream European assets in response to structural challenges in the region
Prnewswire· 2025-07-07 10:00
Core Viewpoint - Dow is taking proactive measures to shut down three upstream assets in Europe to optimize its operations and improve profitability in response to challenging market conditions [1][2][7]. Group 1: Asset Shutdown Details - The shutdown will involve three specific assets: Böhlen Cracker, Schkopau CAV, and Barry Siloxane, with shutdowns expected between mid-2026 and 4Q27 [6][7]. - The total cash outlay for these actions is estimated at approximately $500 million over four years [3][6]. - The company anticipates an Operating EBITDA uplift beginning in 2026, reaching 50% of the target of approximately $200 million by the end of 2027, with full delivery by 2029 [3][7]. Group 2: Financial Implications - Dow expects to incur charges ranging from $630 million to $790 million, which includes both non-cash items and cash items related to the shutdown [4]. - The company aims to enhance profitability and cash flow through more than $6 billion in near-term cash support [2]. Group 3: Workforce Impact - Approximately 800 roles will be impacted by the asset shutdowns, in addition to a previously announced workforce reduction of about 1,500 roles globally [5].
“智行合一”看贵阳
贵安超级计算中心 贵阳奥体之晨。王万贵 摄 百花湖公园。 曹经建 摄 甲秀楼夜色。徐庆一 摄 黔灵毓秀,筑韵焕新。 贵阳因城在贵山之阳而得名,又称"筑城"。古代这里盛产竹子,所以用"竹"的谐音"筑"来命名。竹子那 坚韧不拔、自强不息的性格,恰似贵阳在发展道路上的生动写照。 爽爽的贵阳,避暑的天堂。延绵百里的环城林带,穿城而过的"母亲河"南明河,星罗棋布的山水公园, 绘就了一幅碧水绕青山、人在画中游的绝美生态画卷。 贵阳在生态文明建设领域成绩斐然,共获批4个国家生态文明建设示范区。2024年,贵阳空气质量排名 在全国168个重点城市中,首次位列第四。 发展的脉搏与山水生态建设同频共振。贵阳作为省会城市、贵安新区作为国家级新区,"强省会"行动取 得跨越式成就—— 2024年,贵阳市生产总值5777.41亿元,比上年增长6.0%;贵阳市2024年末常住人口超660万人,比上年 末增加约20万人,人口增量位居全国前列。贵安新区生产总值连续七个季度保持20%以上增速,在国家 级新区中位居前列。 作为贵州省发展的核心引擎,贵阳正以竹子般虚怀若谷的开放姿态,有节有序地规划布局,在产业升 级、政策支持、社会服务等领域呈现全方 ...
Sociedad Química y Minera de Chile (SQM) Earnings Call Presentation
2025-07-04 13:32
Financial Performance - SQM's Last Twelve Months (LTM) revenues reached US$4.5 billion[6] - The company's LTM Adjusted EBITDA stood at US$1.4 billion[6] - SQM's LTM Adjusted EBITDA Margin was 32%[6] - The Net Financial Debt (NFD) to Adjusted EBITDA ratio was 1.6x as of March 31, 2025[6,8] - First Quarter 2025 revenues were US$1,037 million, a decrease of 4% year-on-year[17] Business Segments - Lithium and derivatives LTM revenue was $2,197 million and gross profit was $517 million[23] - Iodine and derivatives LTM revenue was US$983 million and gross profit was US$525 million[29] - Specialty Plant Nutrition LTM revenue was US$946 million and gross profit was US$161 million[39] - Potassium LTM revenue was US$250 million and gross profit was US$33 million[46] - Industrial Chemicals LTM revenue was US$75 million and gross profit was US$30 million[53] Market Position and Outlook - SQM holds approximately 17% of the global lithium chemical market share[23,24] - The company anticipates the global lithium market to grow by approximately 17% in 2025[23] - SQM has approximately 37% of global Iodine market share[34] - SQM has approximately 41% of global KNO3 market share[44] - SQM has approximately 32% of global Industrial Chemicals market share[56]