Oil hikes will affect this year's profit levels

Robinson, Simon
August 2006
ICIS Chemical Business;8/14/2006, Vol. 1 Issue 31, p14
Trade Publication
The article discusses the impact of energy costs and raw materials prices on the chemical industry in 2006. According to Eastman Chemical chairman and chief executive Brian Ferguson, they anticipate high and volatile raw material and energy costs, particularly for paraxylene and propane. Dow Chemical blames elevated feedstock and energy costs for its 16% drop in second quarter earnings before interest and tax.


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