TITLE

Hexion income takes fall

AUTHOR(S)
Kamalick, Joe
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in the operating income of thermoset-resins maker Hexion Specialty Chemicals, in part because of the cost of feedstock. Hexion said sales-related costs were $1.2bn, up by 16%. Raw material prices make up about 85% of the company's sales-related costs. Hexion's results also included a $37m gain on the sale of noncore assets, which was another component in the drop in income.
ACCESSION #
25424544

 

Related Articles

  • Hexion Specialty Chemicals reports fourth quarter and fiscal year 2007 results.  // Paintindia;Mar2008, Vol. 58 Issue 3, p188 

    The article reports on the results posted by Hexion Specialty Chemicals Inc. for the fourth quarter and fiscal year ending December 31, 2007. According to it, operating income for the quarter was $21 million while net loss was $63 million. It says that the $16 million raw material inflation...

  • Petrochina results hit by raw materials price hikes. Lazell, Mark // ICIS Chemical Business;3/27/2006, Vol. 1 Issue 12, p14 

    The article reports on the decline in the operating profit of Petrochina's chemicals and marketing division in 2005. The decline was driven by the increase in raw materials prices and increased depreciation and expense charges. However, the company reported an increase in the production of its...

  • Restructuring State-owned Enterprises of a State Government of India: Problems, Prospects, and Lessons Learnt. Bose, Suvendu // Vikalpa: The Journal for Decision Makers;Jul-Sep2011, Vol. 36 Issue 3, p47 

    Poor performance has become a regular feature of the state-owned manufacturing enterprises in spite of their having experienced workforce, old brand reputation, etc. Most of them have fallen into a vicious cycle due to their prolonged poor performance. The problem starts with the poor working...

  • Underwriting the German Indemnity.  // New Republic;10/1/19, Vol. 20 Issue 256, p248 

    Comments on need for working capital, food and machinery and raw materials in France. Speculation on the possibility of utilizing the one extensive negotiable asset of the country as a basis for American credits; Importance of the German indemnity credits as an asset that will not float in the...

  • Current Cost Accounting -- academic exercise, management tool or tax avoidance gimmick?  // Management Services;Oct80, Vol. 24 Issue 10, p25 

    For most of the last decade managements, along with many others, have been wrestling with the problems created by the most prolonged outbreak of inflation that anyone can remember in the Great Britain. The problems for manufacturing industry are particularly severe. On the one hand the growing...

  • Michelin '13 earnings up, sales drop.  // Tire Business;2/17/2014, Vol. 31 Issue 23, p3 

    The article reports that low raw material costs and improved efficiency help in improving the operating income of Group Michelin SA, tire manufacturer. It mentions that the negative currency exchange does not affect the earning of the company. It mentions that the company forecast on the sales...

  • Windy phones.  // Management Services;Nov92, Vol. 36 Issue 11, p40 

    The first wind-powered payphone appeared on trial recently. British Rail Telecommunications installed it on an unmanned rail crossing in Shropshire hoping, no doubt, to avoid the attentions of vandals to which the device looks remarkably prone. This is a modified GPT 5000 series intelligent card...

  • A new way of raising capital. Wooller, Jeff // Accountancy;Jan1977, Vol. 88 Issue 1001, p83 

    The article presents suggestions for raising working capital against raw materials and finished goods. The traditional methods like increasing equity, retain profits, extending supplier credit, borrowing funds are used to raise capital, but all these have its own shortcomings. It is suggested...

  • THE INVENTORY BALANCING ACT. Hillman, Gideon // Supply Chain Europe;May/Jun2012, Vol. 21 Issue 3, p10 

    The article focuses on inventory management in business by balancing inventory with working capital and customer service goals. It is stated that sales want large volumes of inventory; finance want the inventory minimized to reduce working capital; and operations want sufficient raw material....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics