GPCA 2008: Financial Crisis Dents Chemicals Profitability and Valuations

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?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers