in this issue
World News and Views :: Top of the News
GPCA 2008: Financial Crisis Dents Chemicals Profitability and Valuations
1:24 PM MST | December 4, 2008
The global financial meltdown has taken a toll on chemical valuations and profitability, according to an industry analyst. “The last couple of months have been rough,” Hassan Ahmed, managing director and global sector head/chemicals research at HSBC. “There have been cracks in profitability and valuation.” Chemical makers in HSBC’s coverage universe are down 45% on average in 2008, and an HSBC index that tracks profitability of 18 different commodity chemicals shows that industry profitability has fallen below re-investment levels in...
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