Millennium says profit rose sharply in the first quarter

Article Abstract:

Millennium Chemicals Inc. said its profits for the 2000 first-quarter nearly tripled. The company posted $25 million in net income for the period, compared to $9 million in the same period in 1999.

Millennium Chemicals Inc., MCH

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ICI's planned sale stalled by regulator. (Imperial Chemical Industries PLC)

Article Abstract:

United States Federal Trade Commission objects to United Kingdom's chemical giant Imperial Chemical Industries PLC's plan to sell some of its chemical businesses to NL Industries Inc. and Du Pont Co. The transaction involves sale of Imperial Chemical's worldwide titanium dioxide business estimated at $1 billion. The regulatory agency's objection to the sale has delayed the transaction for the past 18 months.

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Inorganic Dye and Pigment Manufacturing, Inorganic pigments, Titanium Pigments, Management, Laws, regulations and rules, Mergers, acquisitions and divestments, Acquisitions and mergers, United States. Federal Trade Commission, E.I. du Pont de Nemours and Co., Imperial Chemical Industries PLC, Titanium industry, DD, NL Industries Inc., NL

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Lyondell, Millennium Chemicals hit by a dramatic slump in the industry

Article Abstract:

Lyondell Chemical Co. posted a loss for the 1999 second-quarter that was higher-than-expected. Millennium Chemicals Inc. also posted drastically lower financial results. Lyondell posted a $42 million loss (39.4 million euros) for the period. This included an extraordinary charge of $31 million. During the same period in 1998, Lyondell reported $29 million in net income.

Comment:

Posts loss for 1999 second-quarter that was higher-than-expected

Lyondell Chemical Co.

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