in this issue
EnviroTech :: Catalysts and Licensing
Honeywell's chemicals unit reports a 6% drop in fourth-quarter earnings
10:12 AM MST | January 25, 2013 | Rebecca Coons
Honeywell's performance materials and technologies (PMT) unit reported a 6% drop in fourth-quarter profit, to $210.0 million, on lower margins, lower sales by Honeywell's UOP catalysts subsidiary, unfavorable raw material costs, resins and chemicals production, and challenging end-market conditions. PMT sales were up 8.0%, to $1.43 billion, on 2.0% organic growth and the acquisition Thomas Russell, a plant components maker serving the gas processing industry. Petrochemical and refining catalyst volumes were lower, although Advanced Materials sales were up...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee