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EnviroTech :: Climate Change
Weekly Round-Up, January 29: Earnings Rebound
1:16 PM MST | January 29, 2010 | Vincent Valk and Alex Scott
U.S. diversified chemical firms saw relatively strong earnings in the fourth-quarter of 2009. DuPont, Praxair, and Air Products saw profits of $402 million, $340 million, and $252 million, respectively, in the final quarter of last year. U.S. specialties firms also saw profits rebound, with Ashland swinging to a profit and Sherwin-Williams posting a 30% rise in income. India's Tata Chemicals posted a rise in its third-quarter profits, as well. Not all firms bounced back, though. Wacker Chemie reported fourth-quarter 2009 earnings of $127 million, down from the...
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