Arkema's Fourth-Quarter Losses Narrow

Arkema’s fourth-quarter losses narrowed to €20 million, from €72 million, on sales down 9%, to about €1.1 billion. Volumes increased 8%, but prices fell 13% compared to the year-ago period when caustic soda prices and raw material costs remained very high. In PVC, imports in Europe of products from the United States put pressure on prices. Recurring operating income was €14 million, compared to a €19-million loss. EBITDA jumped 74%, to €82 million because of an increase in volumes over the same quarter of the previous year and...

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