Latest news with #chemical
Yahoo
15 hours ago
- Business
- Yahoo
China to lead worldwide MDI capacity additions through to 2030
China is anticipated to add an MDI [methylene diphenyl diisocyanate] production capacity of 0.80 million tonnes per annum (mtpa) between 2025 and 2030. The capacity additions in the country are from two planned projects: the Wanhua Chemical Fujian Company Fuzhou MDI plant, and the Xinjiang Heshan Juli Chemical Yantai MDI plant – each with a capacity of 0.40 mtpa. Located in Fujian and Shandong provinces respectively, the two are expected to commence operations in 2025 and 2027. China is poised to lead global MDI capacity additions by 2030, mainly due to its massive manufacturing sector that relies heavily on MDI for industrial applications. MDI is a critical chemical intermediate essential for the manufacture of polyurethanes, a highly versatile polymer with extensive applications in numerous industries such as construction, refrigeration and electronics. The remaining capacity additions in the world are likely to be added from two projects under construction, one in the US and one in Vietnam. The capacity addition in the US is expected to be from a planned project in Louisiana, the BASF Geismar MDI plant 2, expected to come online in 2026 with an annual production capacity of 0.30 mtpa. BASF SE holds a 100% equity stake in the project and is also its designated operator. In Vietnam, the capacity addition is anticipated from the Tosoh Vietnam Polyurethane Vung Tau MDI plant based in Ba Ria Vung Tau province, which is expected to commence operations in 2026 with a capacity of 0.13 mtpa. Tosoh Vietnam Polyurethane Co Ltd is the proposed operator of this project. Further details of global MDI capacity and capex analysis can be found in GlobalData's new report: Methylene Diphenyl Diisocyanate (MDI) Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2030. "China to lead worldwide MDI capacity additions through to 2030" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Dow Inc. (DOW): Good News About Industrial Economy Isn't Helping, Says Jim Cramer
We recently published . Dow Inc. (NYSE:DOW) is one of the stocks Jim Cramer recently discussed. Dow Inc. (NYSE:DOW) is one of the largest chemical companies in America. The firm's shares have lost 35% year-to-date, primarily on the back of a massive 26% selloff in April after President Trump announced his Liberation Day tariffs. Dow Inc. (NYSE:DOW)'s shares suffered another setback in July after they dipped by 17.5% after the firm's latest earnings report, which saw the firm guide third quarter sales at $10.2 billion, which was lower than analyst estimates of $10.6 billion. Dow Inc. (NYSE:DOW) also slashed its dividend, and here's what Cramer said about the firm after the disastrous earnings report: 'But then, Dow Chemicals, just, Dow, no longer Dow Chemicals. The chemicals are bad. The plastic is bad. So Jim Fitterling had to cut the dividend. I had said that this could happen. I didn't want it. But it's lower for longer, for three years, it's a very unusual negative cycle. And I've got to tell you, for all the good news we hear about the industrial economy, it's not helping. Previously, the CNBC TV host commented on Dow Inc. (NYSE:DOW)'s dividend yield: '9%, see I looked at that today. There were a bunch of guys who cut the price targets. I said to myself, wow, 9%… I have to take a pass because it means that there's something awry.' While we acknowledge the potential of DOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Trump tariffs weigh on Brazil chemical exporters, spark order cancellations
By Ana Mano SAO PAULO (Reuters) -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1. Since Trump's announcement, export orders have been canceled for certain resins and compounds used to make fertilizers, which Brazil supplies to the U.S. agriculture sector, Andre Cordeiro, head of Brazilian chemical lobby Abiquim, said on Friday. "Fundamentally, these decisions are being made because the bet is that he will actually apply the tariff," Cordeiro said. One company in Brazil had all its contracts for exports to the U.S. canceled, Cordeiro said, adding that other businesses have seen some of their contracts canceled. There are also cases where sellers had secured export financing for the order, which was later revoked. He declined to name the affected exporters. Losses associated with the tariffs go beyond direct exports, as almost every industry uses chemicals in manufacturing processes, from oil to steel, from machinery to production of agricultural commodities, he said. "No one produces coffee, even grains, without some kind of chemical product in the process." Cordeiro added that chemical companies are losing export business and also local sales to clients that export goods into the U.S. market. Brazilian plywood exporters, for example, use chemicals for bonding and themselves have faced U.S. order cancellations, he said. Orange juice makers, which sent 42% of their exports to the U.S. last year, also use chemical preservatives. Brazilian companies like Braskem have operations in the U.S. and could be affected. Dow Chemical, which has 10 plants in Brazil and sizeable exports of silicon metal for processing in the U.S., is also at risk. Braskem and Dow did not immediately comment. Exxon Mobil, which declined to comment, operates in Brazil and serves clients in various industries. Tariffs are unjustified because Brazil's chemical sector runs a $7.9 billion trade deficit with the U.S., Abiquim said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Trump tariffs weigh on Brazil chemical exporters, spark order cancellations
By Ana Mano SAO PAULO (Reuters) -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1. Since Trump's announcement, export orders have been canceled for certain resins and compounds used to make fertilizers, which Brazil supplies to the U.S. agriculture sector, Andre Cordeiro, head of Brazilian chemical lobby Abiquim, said on Friday. "Fundamentally, these decisions are being made because the bet is that he will actually apply the tariff," Cordeiro said. One company in Brazil had all its contracts for exports to the U.S. canceled, Cordeiro said, adding that other businesses have seen some of their contracts canceled. There are also cases where sellers had secured export financing for the order, which was later revoked. He declined to name the affected exporters. Losses associated with the tariffs go beyond direct exports, as almost every industry uses chemicals in manufacturing processes, from oil to steel, from machinery to production of agricultural commodities, he said. "No one produces coffee, even grains, without some kind of chemical product in the process." Cordeiro added that chemical companies are losing export business and also local sales to clients that export goods into the U.S. market. Brazilian plywood exporters, for example, use chemicals for bonding and themselves have faced U.S. order cancellations, he said. Orange juice makers, which sent 42% of their exports to the U.S. last year, also use chemical preservatives. Brazilian companies like Braskem have operations in the U.S. and could be affected. Dow Chemical, which has 10 plants in Brazil and sizeable exports of silicon metal for processing in the U.S., is also at risk. Braskem and Dow did not immediately comment. Exxon Mobil, which declined to comment, operates in Brazil and serves clients in various industries. Tariffs are unjustified because Brazil's chemical sector runs a $7.9 billion trade deficit with the U.S., Abiquim said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Dow Cuts Dividend In Half As Losses Mount And Tariffs Amplify Industry Pain
Dow Inc. (NYSE:DOW) shares plummeted Thursday after the chemical manufacturer posted a larger-than-expected loss in the second quarter and cut its dividend in half. The company cited persistent macroeconomic pressure, margin compression, and global trade disruptions as reasons for the cutback. The company reported an adjusted loss of 42 cents per share, wider than Wall Street's projected 12-cent loss, according to consensus estimates. Revenue fell 7% year over year to $10.104 billion, missing the $10.252 billion estimate. Dow posted a GAAP net loss of $801 million for the quarter, while operating EBIT swung to a loss of $21 million from $819 million in the same period a year cash flow from continuing operations was negative $470 million, a decline of $1.3 billion from the prior year, driven by lower earnings and seasonal working capital needs. Sales declined across all operating segments. Packaging & Specialty Plastics revenue fell 9% to $5.03 billion, driven by weaker downstream polymer prices. Industrial Intermediates & Infrastructure revenue declined 6% to $2.78 billion, weighed down by soft demand in construction and mobility. Performance Materials & Coatings revenue dropped 5% to $2.13 billion, though operating profit improved slightly from the year-ago quarter due to lower input costs and seasonal strength in silicones. Overall volume decreased 1% year over year, as gains in the U.S. and Canada were offset by declines across Europe, the Middle East, Africa, and India. Local prices fell 7% from the same period last year and 3% sequentially. Dividend View more earnings on DOW Dow's board approved a 50% reduction in its quarterly dividend to 35 cents per share, down from 70 cents. The payout is scheduled for September 12 to shareholders of record as of August 29. The company said the adjustment reflects a more balanced capital allocation approach and aims to preserve financial flexibility amid industry-wide earnings pressure. 'This quarter, Team Dow advanced several aggressive actions in response to the lower-for-longer earnings environment that our industry is facing, amplified by recent trade and tariff uncertainties,' commented Jim Fitterling, Dow chair and CEO. 'We are delivering near-term cash support and earnings growth levers that we expect will total more than $6 billion by 2026. We are also focused on improving margins and optimizing our global portfolio, as seen in our recent European asset actions.' Fitterling added that while Dow's strategic actions are helping mitigate industry volatility, a wave of low-cost exports from new market entrants is distorting competitive dynamics globally. He said the situation calls for broader industry coordination and potential regulatory intervention to restore market balance. Outlook Fitterling stated that Dow's near-term growth projects will become fully operational in the third quarter. These, along with the company's longer-term investments, are expected to expand Dow's presence in higher-value applications and less trade-sensitive end markets. Dow expects third-quarter 2025 net sales of approximately $10.2 billion versus the consensus of $10.599 billion. Packaging & Specialty Plastics: Sales up 1%–3% quarter-over-quarter (Q/Q) on stronger integrated margins and Poly-7 ramp-up, offset by maintenance. Industrial Intermediates & Infrastructure: Sales up 1% to down 1% Q/Q, with volume gains and reduced maintenance partly offset by lower spreads. Performance Materials & Coatings: Sales down 2%–4% Q/Q due to seasonal demand declines and margin pressure in upstream siloxanes. Company-wide, ongoing cost reductions continue, with depreciation forecast at $725 million, net interest at $175 million, and the operational tax rate at –40% to –60%. Price Action: At last check Thursday, DOW shares were trading lower by 9.29% to $27.55 premarket. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? DOW (DOW): Free Stock Analysis Report This article Dow Cuts Dividend In Half As Losses Mount And Tariffs Amplify Industry Pain originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
