March 27, 2002 |
Despite a steady stream of positive economic reports, a KPMG L.L.P. survey released yesterday found that the chemical industry does not expect its recovery until next year. In the survey of 38 senior executives and industry analysts at a conference this month, 44 percent said their business would begin improving in the first half of next year. An additional 14 percent said a recovery would not occur until the second half of 2003. "These results indicate we still have a way to go before a genuine recovery is under way in the chemical sector," said Ken Stern, global executive partner for chemicals at KPMG, an accounting and tax firm.
March 23, 1986 |
For the chemical industry nationally, and for most of the large chemical producers with headquarters in this region, 1985 was a year of disappointing financial performance. Earnings fell 22 percent for the Du Pont Co., 32 percent for Hercules Inc. and 18 percent for Rohm & Haas Co. Pennwalt Corp. finished the year with a loss. Though the the economy generally was considered to be in a period of recovery, profits for all U.S. chemical manufacturers fell 18 percent. But after a tough year, the sixth in a row for the industry, chemical companies finally may be on the verge of better times.
October 22, 2008 |
There are lessons for other sectors of the economy in the Wall Street chaos. For example, commonsense regulations reduce risk and protect the public. But the chemical industry today resembles nothing more than Lehman Bros. circa 1999. Since Sept. 11, 2001, industry titans such as Dow and DuPont have lobbied against requirements that they use safer chemicals at 7,000 high-risk chemical plants identified by the Department of Homeland Security. These facilities use and store highly toxic, volatile chemicals such as sulfur dioxide and chlorine gas. A terrorist attack or accident at one of them could form a toxic cloud capable of injuring or killing more than a million people.
May 6, 1986 |
Rohm and Haas, the Philadelphia-based specialty chemical company, will hold open houses at its local plants to try to improve both the company's and chemical industry's image. Vincent L. Gregory Jr., Rohm and Haas' chairman and chief executive officer, said polls conducted by the chemical industry show "the public ranks chemical companies somewhere near the Mafia. " "In South Philadelphia, the chemical industry would be ranked below the Mafia," Gregory told shareholders during Rohm and Haas' annual meeting at the Walnut Street Theatre, 825 Walnut St. Gregory said there is a public perception that the bad things that chemical companies do outweigh any benefits.
March 17, 1986 |
As part of an attempt to establish a detailed emergency response plan for Lower Gwynedd, township officials have discussed an emergency preparedness program developed by chemical-industry officials. The discussion came after a presentation by a representative of Rohm & Haas, which operates a chemical plant in Spring House. Marshall Purvis of Rohm & Haas said the Community Awareness and Emergency Response (CAER) was a program designed to integrate other emergency plans as well as to provide outreach services to the community, including providing information on chemicals and other emergency plans.
May 13, 1988 |
In the 1967 movie "The Graduate," actor Dustin Hoffman was advised by a middle-aged businessman where to find his fortune: "Plastics!" That same year, Arco joined with a chemical company to use a newly patented process for producing propylene oxide, one of the chemical building blocks for a myriad of plastic products. Yesterday, Arco Chemical, a seven-month-old corporate spinoff of parent Arco, made its first report to shareholders at its new world headquarters in Newtown Square, and related its growing fortunes in the plastics chemical industry.
January 25, 1995 |
Rohm & Haas Co. yesterday reported record sales and earnings for 1994, coming back from "frustrating results in 1993," said J. Lawrence Wilson, the chairman and chief executive. Last year was a good one throughout the chemical industry, Wilson said. He predicted higher earnings this year, "if world economies continue to grow and raw-material costs do not continue to escalate. " The company also cited better productivity and smoothly running manufacturing operations as factors.
March 28, 2013
Georg W. Claussen, 100, who was the longest-serving chief executive officer at Nivea skin-cream producer Beiersdorf A.G., died last Thursday in his hometown of Hamburg surrounded by his family, Beiersdorf said. He was the grand-nephew of Oscar Troplowitz, who invented Nivea in 1911, it said. Mr. Claussen joined Beiersdorf's management board in 1954 and was CEO from 1957 until 1979. Nivea, which Troplowitz developed from the discovery of water-and-oil emulsifier Eucerit, is Hamburg-based Beiersdorf's biggest source of revenue.
February 3, 1987 |
Revenues and net income shot up for Chemical Leaman Corp. in the fourth quarter and for all of 1986 as a result of an unusually strong increase in the volume of shipments, plus the trucking firm's aggressive marketing and improved service, company officials said. Chemical Leaman of Lionville, Chester County, a specialist in bulk- commodity trucking, also said it was helped by the acquisition of many of the assets and business of Coastal Tank Lines of Akron, Ohio, in the second quarter of 1986.
June 7, 1987 |
J. Lawrence Wilson, vice chairman of Rohm & Haas Co., noticed late last year that his sales department received an unusual order. For the first time since the Japanese launched their assault on the U.S. auto market, a carmaker in Japan is buying a particular plastic from his Philadelphia-based company. As a result, Rohm & Haas now exports acrylic molding powder to Japan. The material is used in making taillights for cars that are shipped back to the United States. For Wilson, that order reflects a satisfying turnaround in the competitive position of Rohm & Haas.