The Bayer Group experienced growth in sales but a decline in earnings during the second quarter of 2024. Each division delivered strong performances within their respective industries, enabling the company to reaffirm its 2024 outlook. CEO Bill Anderson highlighted that…
Westlake Chemical Partners LP (NYSE: WLKP) (“the Partnership”) has announced its financial results for the second quarter of 2024, reporting a net income attributable to the Partnership of $14.4 million, or $0.41 per limited partner unit. This marks an increase…
Cognite, a global leader in Data and AI for industry, has announced the appointment of Bill Hendricks as President of Cognite Americas. This move aims to accelerate Cognite’s growth and strengthen its leadership in Industrial Data Operations and AI with…
Woodside has announced a binding agreement to acquire OCI Clean Ammonia Holding B.V., along with its lower carbon ammonia project in Beaumont, Texas, for approximately $2.35 billion in cash. The project, currently under construction, is set to begin producing ammonia…
Origin Materials (NASDAQ: ORGN, ORGNW), a technology company dedicated to advancing sustainable materials, has announced significant engineering and design innovations in the production of tethered PET caps—the first of their kind. These caps are designed to comply with the EU…
Harrington, a leading distributor of industrial flow control products in the U.S., has announced the acquisition of Cortrol Process Systems. The financial details of the private transaction were not disclosed. Established in 1971, Cortrol offers a diverse range of high-quality,…
Lumen Technologies (NYSE: LUMN) has reached a major agreement with Corning Incorporated (NYSE: GLW) for a large supply of next-generation optical cable. This new fiber-dense cable will more than double Lumen’s U.S. intercity fiber mileage, significantly boosting capacity for major…
Mirion (NYSE: MIR), a global provider of radiation detection, measurement, analysis, and monitoring solutions across the medical, nuclear, defense, and research sectors, has released its financial results for the second quarter ending June 30, 2024. “Our Q2 results met our…
LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today reported its financial results for the second quarter ending June 30, 2024. Key highlights include: Mark Behrman, LSB Industries’ President and CEO, remarked, “Our second quarter was marked by a…
Evonik has reported a significant increase in earnings for the second quarter of 2024, despite ongoing economic challenges. The final figures, confirmed on July 15, show a 28% rise in adjusted EBITDA, reaching €578 million compared to the previous year.…
Borouge Plc, a leading petrochemicals firm known for its innovative polyolefins and technology solutions, has announced a 33% year-on-year (YoY) increase in net profit for the second quarter, reaching $308 million. This growth was driven by higher sales and cost…
Corteva, Inc. (NYSE: CTVA) announced today that David Johnson has been appointed as the new Executive Vice President and Chief Financial Officer (CFO), effective September 16, 2024. Johnson will be based at Corteva’s headquarters in Indianapolis and joins from Atkore,…