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W. R. Grace & Co. (NYSE: GRA) has received a $60 per share acquisition proposal from 40 North Management, which the Board unanimously deems significantly undervalued. Despite pandemic impacts, the company reports strong fundamentals and improving demand trends. Grace's Board, in collaboration with financial advisors, is reviewing options to enhance shareholder value while maintaining focus on long-term strategies and key investments aimed at growth. The Board remains open to value-maximizing opportunities.
W. R. Grace & Co. (NYSE:GRA) has licensed its UNIPOL® PP Process Technology to PT Pertamina Rosneft Pengolahan dan Petrokimia (PRPP) for a new facility in Tuban, Indonesia. The project will feature two production lines, each with a capacity of 580KTA, totaling 1160KTA of polypropylene. The agreement includes a long-term catalyst supply contract and a software license for process control. This partnership aims to meet the growing demand for high-value polypropylene products in the region, leveraging Grace's advanced catalyst systems and technologies.
W. R. Grace & Co. (NYSE:GRA) will participate in the virtual Baird Global Industrial Conference on November 11, 2020. The presentation, led by CEO Hudson La Force and VP Jeremy Rohen, will be accessible via investor.grace.com. Grace, a global leader in specialty chemicals, operates two key segments: Catalysts Technologies and Materials Technologies, employing approximately 4,000 people across over 60 countries. The company emphasizes innovation to enhance customer products and processes.
W. R. Grace & Co. (NYSE:GRA) announced participation in the Morgan Stanley Virtual Global Chemicals, Agriculture, and Packaging Conference on November 10, 2020. Senior Vice President and CFO Bill Dockman and Vice President of Investor Relations Jeremy Rohen will represent the company. The investor presentation will be accessible on the company’s investor relations website on the conference day. Grace specializes in innovative chemical solutions and operates in over 60 countries, emphasizing its commitment to technology and customer service.
W. R. Grace & Co. (NYSE:GRA) has declared a quarterly cash dividend of $0.30 per common share. This dividend is set to be paid on December 9, 2020, to shareholders of record by the close of business on November 18, 2020. Grace is recognized as a leading global specialty chemical company, operating two main segments: Catalysts Technologies and Materials Technologies, with a workforce of approximately 4,000 employees across over 60 countries.
W. R. Grace & Co. (GRA) reported Q3 2020 net sales of $419.4 million, down 10.9% year-over-year. Diluted EPS dropped to $0.11, an 86.3% decline, while adjusted EPS was $0.56, down 42.9%. The company faced challenges from COVID-19 affecting fuel demand and Hurricane Laura impacting production. However, they achieved a gross margin improvement of 880 bps sequentially. The firm anticipates Q4 2020 adjusted EPS of $0.84 to $0.88, supported by a sales growth of 10%-13% and further margin increases.
W. R. Grace & Co. (NYSE:GRA) has licensed its UNIPOL® PP Process Technology to Dongguan Grand Resource Science & Technology Co. Ltd. (DGR) for a new facility in Guangdong, China, aimed at producing 600 KTA of polypropylene by 2023. This licensing follows a long-standing partnership that began in 2016. The collaboration includes a long-term catalyst supply agreement, enhancing DGR's capability to offer diverse polypropylene products. Grace’s advanced technology is expected to strengthen DGR’s production efficiency and meet rising demand for non-phthalate resins in the Chinese market.
W. R. Grace & Co. (NYSE:GRA) is set to release its third quarter financial results on October 28, 2020, at 6:00 a.m. ET, followed by a conference call at 9:00 a.m. ET. Key executives will discuss the results and engage in a Q&A session with analysts. Investors can access the live webcast via the company's website or by phone. An audio replay will be available for one week post-event. Grace operates globally in specialty chemicals, with approximately 4,000 employees, focusing on Catalysts Technologies and Materials Technologies.
W. R. Grace & Co. (NYSE: GRA) announced the successful launch of a new polypropylene production line by its licensee, Braskem, in La Porte, TX. Grace's UNIPOL® PP process technology, utilized in this facility, is noted for its efficiency and cost-effectiveness, providing a competitive edge in the North American polypropylene industry. Braskem's investment in Grace's advanced process control software further enhances operational performance. Grace maintains its position as a leading supplier of polyolefin catalyst technology, supporting Braskem with ongoing onsite assistance during the startup phase.
