Novozymes’ interim report for 1Q 2014: Household Care

Novozymes’ interim report for 1Q 2014: Household Care

F O C U S is designed as a defoaming wetting agent for waterborne systems and as a dispersing agent for organic and inorganic pigments. The Olfine pro...

66KB Sizes 0 Downloads 128 Views

F O C U S is designed as a defoaming wetting agent for waterborne systems and as a dispersing agent for organic and inorganic pigments. The Olfine products have applications in paints, inks, printing machines, metal surface treatment, pigments and dyes, and adhesives. Nissin Chemical is to manufacture the products in Japan and Shin-Etsu MicroSi will fulfil sales, distribution and applications support in the USA. Original Source: Shin-Etsu MicroSi, 2014. Found on Marketwired, 9 May 2014, (Website: http://marketwired.com)

ENVIRONMENT P&G detergents to go phosphate-free Aiming to conserve phosphate reserves, Proctor & Gamble (P&G) has declared that it will stop using phosphates in its detergents, including Ariel and Tide, in two years, replacing them with zeolites. According to the group head of P&G’s fabric and homecare division, the company will have eliminated around 0.5 M tonnes/y of phosphates consumption by the time its detergents have been redeveloped. He stated that P&G has been steadily decreasing phosphate use since 2005. Phosphate mines are projected to be exhausted by the end of the 21st century, and prospective reserves could be exhausted in 400 years; however, global demand for phosphate-based fertilizers continues to rise. Detergents account for 12% of current demand for phosphates. Elevated phosphate product costs and concerns over eutrophication in rivers are further reasons spurring the discontinuation of phosphate use. Original Source: TCE (formerly The Chemical Engineer), Mar 2014, (873), 7 (Website: http://www.tcetoday.com) © Institution of Chemical Engineers 2014

P&G, Colgate commit to no deforestation in palm oil supply chain Procter & Gamble (P&G) has declared a commitment to no deforestation in its palm oil supply chain. P&G’s specific commitments include establishing traceability of palm oil and palm kernel oil (PKO) to supplier mills by 31 Dec 2015, 6

O N

S U R FA C TA N T S

ensuring no deforestation in the palm supply chain to plantations by 2020, and working with suppliers (including smallholders), industry peers, NGOs, academic experts and other stakeholders to promote consistent industry standards and practices for sustainable palm oil sourcing. P&G requires suppliers to submit plans by 31 Dec 2015 that demonstrate how they will ensure no deforestation in the supply chain for their mills by 2020. For PKO, it will begin investing in and working with small farmers, with the aim of improving their practices to ensure no deforestation in the supply chain by 2020. The company also commits to continue supporting universal human rights as outlined in P&G’s existing Sustainability Guidelines for Suppliers, to support the rights of indigenous people and to report annually on progress towards achieving its goals. Colgate-Palmolive has also recently released its palm oil sourcing policy, committing to sustainably sourced palm oil with zero deforestation. The company plans to fully implement its policy by 2020. Deforestation is reckoned to be responsible for about 10% of global warming emissions. Original Source: Procter & Gamble, 2014. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 22 Apr 2014, (Website: http://www.specialchem4cosmetics.com). Original Source: Union of Concerned Scientists, 2014. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 7 Apr 2014, (Website: http://www.specialchem4cosmetics.com)

Unilever to use 15% less plastic in Dove body wash bottles New technology in bottle manufacturing for its Dove Body Wash range of products could enable Unilever to save 275 tonnes/y of plastic in Europe. The new bottles will contain at least 15% less plastic by utilizing a process, based on MuCell extrusion technology, developed by Unilever, ALPLA and MuCell Extrusion. New bottles produced using the technology will remain 100% recyclable. The technology will be deployed first in Europe across the Dove body wash range, before rolling the technology out. Up to 33 M Dove body wash bottles were sold across Europe in 2013. A full roll-out across all Unilever product and packaging

formats could save up to 27,000 tonnes/y of plastic. Original Source: Unilever, 2014. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 25 Apr 2014, (Website: http://www.specialchem4cosmetics.com). Original Source: Plastics and Rubber Weekly, 23 Apr 2014, (Website: http://www.prw.com) © Crain Communications Inc 2014

COMPANY RESULTS Huntsman releases 1Q 2014 results In 1Q 2014 Huntsman Corp posted net income attributable to the company of $54 M, compared to a net loss of $24 M in 1Q 2013, while quarterly revenues were $2755 M, up from $2702 M. Adjusted EBITDA was $329 M compared to $220 M in 1Q 2013, an improvement of 50%. Total capital expenditures were $107 M. Revenues in Huntsman’s Performance Products division were $765 M in 1Q 2014, up 6% compared to 1Q 2013 due to higher sales volumes and higher selling prices, partially offset by the mix effect of more toll business. Sales volumes increased primarily due to the impact of the scheduled maintenance on its Port Neches olefins and ethylene oxide facilities in 1Q 2013, as well as improved demand for amines and maleic anhydride. Average selling prices increased 6%, notably for maleic anhydride and surfactants, in response to higher raw materials costs. Adjusted EBITDA increased by 119% to $118 M. Original Source: Huntsman, website: http://www.huntsman.com/ (29 Apr 2014) © Huntsman International LLC 2014

Novozymes’ interim report for 1Q 2014: Household Care Novozymes’ sales to the Household Care sector (36% of total sales) were DKR 1.08 bn (c €145 M) in 1Q 2014, up by 7% (10% in local currencies) from DKK 1.01 bn in 1Q 2013. Sales growth continued to be driven by customers’ interest in optimizing detergent formulations to enhance wash performance, enable lowtemperature washing and replace chemicals. Emerging markets were a JULY 2014

F O C U S significant contributor to the global sales growth. Original Source: Novozymes, website: http://www.novozymes.com (24 Apr 2014) © Novozymes 2014

Colgate announces 1Q 2014 results Colgate-Palmolive Co reported worldwide net sales of $4325 M in 1Q 2014, even with 1Q 2013. Global unit volume grew 5.0%, pricing increased 1.5% and foreign exchange was negative 6.5%. Organic sales grew 6.5% helped in particular by doubledigit growth in emerging countries. Net income was $388 M, down from $460 M in 1Q 2013, due to restructuring costs and the strong fall in value of the Venezuelan currency (Bolivar). Gross profit margin was 58.4% versus 58.3% in 1Q 2013. Operating profit decreased 15% to $634 M compared to $742 M in 1Q 2013. In North America, ColgatePalmolive’s reported net sales increased 2.5% in 1Q 2014. Unit volume increased 4.5% with 1.0% lower pricing and 1.0% negative foreign exchange. Organic sales also increased by 3.5%. Operating profit was $216 M in 1Q 2014, even with 1Q 2013. Net sales in Latin America decreased 5.0% in 1Q 2014. Unit volume increased 4.5% with 6.5% higher pricing and 16.0% negative foreign exchange. Volume gains were led by Venezuela, Brazil, Mexico and Colombia. Organic sales for Latin America increased 11.0%. Operating profit decreased 7% to $290 M, due in part to the Venezuelan currency situation. Colgate’s reported net sales in Europe/South Pacific increased 2.0% in 1Q 2014. Unit volume increased 3.5% with 2.5% lower pricing and 1.0% positive foreign exchange. Volume gains were led by Australia, Poland, France and the UK. Organic sales for Europe/South Pacific increased 1.5%. Operating profit increased 9% to $217 M, primarily due to an increase in gross profit as a result of cost savings. In Asia, reported net sales increased 2.5% during 1Q 2014. Unit volume increased 7.0%, with 0.5% higher pricing and 5.0% negative foreign exchange. Volume gains were led by the Greater China region, India, the Philippines and Malaysia. Organic sales for Asia increased 7.5%. Operating profit increased 4% to $193 JULY 2014

O N

S U R FA C TA N T S

M boosted by cost savings and pricing. The company’s reported net sales in Africa/Eurasia decreased 0.5% during 1Q 2014. Unit volume increased 9.5% with 0.5% higher pricing and 10.5% negative foreign exchange. Volume gains were led by Turkey, Russia, the Central Asia/Caucasus region and South Africa. Organic sales for Africa/Eurasia increased 10.0%. Operating profit in the region decreased 5% to $59 M, affected by higher raw and packaging material costs. Original Source: Colgate, website: http://www.colgate.co.uk/ (25 Apr 2014) © Colgate Palmolive 2014. Original Source: Handelsblatt Wirtschafts- und Finanzzeitung, 25 Apr 2014, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2014

and industrial product ingredients from biomass via its proprietary hybrid ozonolysis process, has begun manufacturing product ingredients using a pilot reactor and is in discussions with several prospective customers and partners in the fragrances and flavours, and cosmetics industries. In addition to new proprietary ingredients, P2’s products will include vegetable-based equivalents of chemical ingredients previously only available from petrochemical sources and will be suitable for direct substitution for such ingredients in customer products. Original Source: Connecticut Innovations, 2014. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 7 Apr 2014, (Website: http://www.specialchem4cosmetics.com)

Procter & Gamble’s profits more than expected

University of Leeds research centre to develop advanced chemical products

Procter & Gamble (P&G) had profits up in its 3Q (period ended 31 Mar 2014) thanks to savings and a focus on expensive branded products. Net profits were up year on year from $2.57 bn to $2.61 bn, though net sales were flat at $20.56 bn. The company sees itself on course for achieving its full-year targets. It is looking to increase sales by 3-4% (organically), and earnings per share by 5-7%.

A total of 50 new research students will be funded by the University of Leeds’ £7 M Centre for Doctoral Training (CDT) in Complex Particulate Products and Processes. The first batch of 10 doctorate students are set to start in Oct 2014. Half of the funding will be covered by the UK government, with the remainder supported by academic and industrial partners such as Procter & Gamble, Syngenta, Infineum, Glaxo-SmithKline, Pfizer and AstraZeneca. Research will focus on microencapsulation, which would enable controlled release and preservation of active ingredients such as pesticides and cleaning products.

Original Source: Chemie Aktuell, 23 Apr 2014, (Website: http://www.maerkte-weltweit.de) (in German) © MBM Martin Brueckner Medien GmbH 2014

COMPANY NEWS CI invests in P2 Science Connecticut Innovations (CI) has made a $500,000 investment in P2 Science Inc of New Haven, CT, USA, through its Eli Whitney Equity Fund. This investment was part of a $1 M Series A funding round also involving Elm Street Ventures. In 2013, CI provided P2 Science with a $500,000 seed investment [Focus on Surfactants, Sep 2013] and earlier provided pre-seed funding. P2 Science, a speciality chemical company dedicated to producing high-value, high-margin consumer

Original Source: Chemical Weekly, 8 Apr 2014, 173 (Website: http://www.chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2014

Dolomite, Sphere Fluidics partner to deliver world-leading droplet-based technology Sphere Fluidics and The Dolomite Centre Ltd have signed an exclusive distributor agreement for Sphere Fluidics’ trademarked range of unique biochips, surfactants and other specialist chemicals for picodroplet applications. These will be promoted and sold via Dolomite’s worldwide sales channels. Original Source: BioSpace, 1 May 2014, (Website: http://www.biospace.com)

7