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A German court in Munich said on Thursday that industrial gases group Linde AG did not have to ask its shareholders for approval of its planned merger with U.S peer Praxair at a general meeting. It rejected ...
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FWB:LIN) today announced it has signed a long-term agreement to supply oxygen to Fulcrum BioEnergy’s Sierra BioFuels Plant in Storey County, Nevada. Praxair will build two vacuum pressure swing adsorption (VPSA) plants at the facility, which is under construction and expected to start up operations in early 2020. "Praxair is proud to partner with Fulcrum at its Sierra waste to fuels plant in Nevada,” said Armando Botello, West Region vice president of Praxair’s U.S. industrial gases business.
FWB:LIN) has reached an agreement with Phillips 66 (PSX) to supply high-purity hydrogen to the company’s Sweeny Refinery located in Old Ocean, Texas, starting in early 2021. Praxair will extend its 310-mile U.S. Gulf Coast hydrogen pipeline system, which currently runs from Freeport, Texas to Lake Charles, Louisiana, to connect with the Sweeny Refinery. The new SMR will supply Phillip’s Sweeny Refinery, as well as meet the hydrogen demands of new customers.
FWB:LIN) today announced it will increase nitrogen capacity at its facility under construction in Pyeongtaek, South Korea to meet growing demand at Samsung’s semiconductor manufacturing complex. The overall project, first announced in early 2018, is Praxair’s largest investment ever. Praxair is undertaking a multi-phase project to build several hydrogen and high-purity air separation plants, as well as multiple purifiers and an extensive pipeline system to supply atmospheric, process and various specialty gases to Samsung.
Praxair, Inc., a wholly-owned subsidiary of Linde plc , the leading global producer of liquid hydrogen, today announced that it has commenced construction of its fifth liquid hydrogen plant in the U.S., adding geographic and source diversification.
DowDuPont (DWDP) reported Q3 2018 revenues of $20.12 billion, an increase of 10.0% over its pro forma revenues of $18.29 billion in Q3 2017. Analysts expected DWDP to report revenues of ~$20.21 billion. The revenue growth is significant considering the divestitures that Dow Chemical and DuPont made to facilitate the merger.
FWB:LIN) today announced it has signed a long-term agreement to supply ultra-high purity nitrogen to Samsung’s world-class semiconductor facility in Hwaseong, South Korea. This is the fifth plant Praxair will build at this site to help enable Samsung to meet increased global semiconductor demand. The plant will supply Samsung’s facility with high purity nitrogen and is expected to start up in late 2019.
Praxair, Inc., a wholly-owned subsidiary of Linde plc , has initiated construction on a project to double production capacity at its Mims, Florida air separation plant.
Air Products and Chemicals (APD) is expected to report revenues of $2.31 billion in the fourth quarter of the fiscal year, which represents a ~4.9% increase from to the fourth quarter of 2017, when it reported revenues of $2.20 billion. Can APD keep up its upward trend for the fourth quarter?
Praxair, Inc., a wholly-owned subsidiary of Linde plc (NYSE:LIN and FWB:LIN), today announced it will supply oxygen and other industrial gases to Shanghai Huayi, one of the largest chemical companies in China, at its new complex in Qinzhou, China. Praxair will build, own and operate three air separation units that will supply up to 7,500 tons per day (TPD) of oxygen and 5,000 TPD of nitrogen to the site. The new plants will start up in the second half of 2020 and the complex is expected to be Praxair’s largest investment in China to-date.
International Flavors and Fragrances (IFF) is expected to report an adjusted EPS of $1.54 in the third quarter—an increase of ~4.8% over its adjusted EPS of $1.47 in the third quarter of 2017. International Flavors and Fragrances’ adjusted EPS growth is expected to be driven by higher revenues, a better effective tax rate, and the expected increase in other income. International Flavors and Fragrances’ SG&A expenses for third-quarter are expected to be at $148.71, which represents 16.6% of the expected revenues.
The 13F filings on June 30 indicated that institutional investors own 70.8% of DowDuPont’s (DWDP) outstanding shares. A total of 1,922 institutions hold DowDuPont. Among the institutions, 814 increased their positions on DowDuPont, 878 reduced their positions, and 230 maintained their positions. Although more institutions sold DowDuPont, institutions bought more than the number of shares sold.
DowDuPont's Q3 Earnings: What Can Investors Expect? Dow Chemical and DuPont have divested several businesses to facilitate the merger. DowDuPont’s projected revenue growth is expected to be driven by improvements in all of its reporting segments.
On October 24, W.R. Grace (GRA) announced its regular quarterly dividend. GRA declared a dividend of $0.24 per share, implying dividend growth of 14.30% on a year-over-year basis.
LyondellBasell (LYB) is expected to report an adjusted EPS of $2.69 in the third quarter, which implies an 11.6% increase on a YoY (year-over-year) basis. In the third quarter of 2017, LyondellBasell reported an adjusted EPS of $2.41. LyondellBasell’s projected adjusted EPS growth is expected to be driven by higher revenue growth, share repurchases, improved SG&A (selling, general, and administrative) expenses as a percentage of sales and an improved cost of goods sold as a percentage of sales.
Praxair, Inc. (PX) has been recognized by Forbes magazine as one of the World’s Best Employers for 2018. “Our global work force is our most valuable asset as they serve our customers and the communities in which we operate,” said David Strauss, vice president and chief human resources officer for Praxair. To create the list, Forbes retained Statista to analyze more than 430,000 recommendations from 2,000 companies worldwide.
Moody's Investors Service said today that Praxair Inc.'s announced clearance from the US Federal Trade Commission ("FTC") to complete its proposed merger with German industrial gas company Linde. Headquartered in Danbury, Conn., Praxair is a leading global supplier of industrial gases. Praxair generated $11.9 billion of revenue and about $4 billion of EBITDA (including our standard analytical adjustments) for the twelve months ended 30 June 2018.
On October 22, the FTC (Federal Trade Commission) provided conditional approval of the merger of Praxair (PX) and Linde AG. It said the two companies can’t combine their commercial operations until certain US-based assets are divested. Linde is expected to complete the divestiture by January 29, 2019.