TITLE

Stronger Economy Boosts Profits; Caution on Second Half

AUTHOR(S)
Walsh, Kerri; Alperowicz, Natasha
PUB. DATE
August 2010
SOURCE
Chemical Week;8/2/2010, Vol. 172 Issue 18, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that majority of players in the chemical sector in Europe have enjoyed higher 2010 second-quarter sales and earnings, but they predict growth to slowdown in the second half of the year. The total net income of BASF quadrupled, to 1.2 billion euros, on sales up 30%, to 16.2 billion euros. Bayer's MaterialScience division posted a 47% increase in sales, to 2.7 billion euros. For AkzoNobel, second-quarter Ebitda totaled 614 million euros, up 21% from the same period in 2009.
ACCESSION #
52963082

 

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