Sinopec plans where to invest profits next

Tan, Florence
April 2007
ICIS Chemical Business;4/16/2007, Vol. 2 Issue 62, p6
Trade Publication
The article reports on the financial performance and investment plans of Chinese energy major Sinopec. The company posted a 20.6% year-on-year rise in its 2006 chemicals operating profit as a result of strong demand. Higher sales volumes and prices boosted the operating profit of its chemicals segment to yuan 17.2 billion. In 2007, the company plans to produce 6.45 million tonnes of ethylene and 19.13 million tonnes of synthetic resin, rubber and fibres.


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