The Dow Chemical Company (NYSE:DOW)‘s Singapore unit has formed a joint venture with India’s Voltas Ltd to carry out waste water treatment. The formed joint venture will stand to compete with VA Tech Wabag Ltd and Thermax ltd in the area of water treatment. The waste water treatment methodologies are increasingly becoming significant in the Indian market and as per NexusNovus, a consultancy firm, the market growth rate is anticipated at the rate of 15% untill 2018 in India. The Dow Chemical Company (NYSE:DOW) stock opened at $48.88 in last session, and closed at $49.46, while the day range of DOW stock is $48.88-$49.56.The stock showed a positive weekly performance of 4.74%.
Chemical company Huntsman Corporation (NYSE:HUN) declared that it expects the European Commission to conduct an in-depth investigation (phase II) on its previously announced buyout of Rockwood Holdings Performance Additives and Titanium Dioxide (TiO2) Pigments businesses. Huntsman Corporation reported EPS in 0.529. Huntsman Corporation (NYSE:HUN) stock opened at $24.59, in last session and closed at $24.30, by gained 0.50%.The 52 week range was $16.02-$24.92.Company’s market capitalization is $5.88 billion.
Rentech, Inc. (NASDAQ:RTK) , the diversified chemicals manufacture seems to be digging in its heels in the ongoing battle of wits with Lone Star Value Management, LLC and Engaged Capital, LLC. This becomes clear when one dissects the statement released by the company board in response to the press note released by the two investment firms in which it clarified its stand and point the finger of blame at the investment firms. Rentech, Inc. (NASDAQ:RTK) stock gained 1.05% and finished the last session at $1.93.The EPS of the stock remained -0.06.Company’s market capitalization is $437.76 million.
Sociedad Quimica y Minera de Chile S.A. (“SQM”) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings for the twelve months ended December 31, 2013 of US$467.1 million (US$1.77 per ADR), a decrease from US$649.2 million (US$2.47 per ADR) for the twelve months ended December 31, 2012. Gross Margin reached US$721.5 million (32.7% of revenues) for the twelve months ended December 31, 2013; a decrease compared to US$1,028.6 million (42.3% of revenues) for the twelve months ended December 31, 2012. Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) stock opened the session at $30.69, and closed the session at $31.54.The 52 week range of the SQM stock remained $22.50-$57.00 and the day range was $30.63-$32.11.