in this issue
Markets :: Basic Chemicals :: Petrochemicals :: Butadiene
Higher Butadiene Selling Prices Lift TPC Group's Profits
8:21 AM MDT | April 27, 2012 | Lindsey Bewley
TPC Group reported first-quarter net income of $18.0 million, up 58% from the year-ago quarter, on higher butadiene selling prices. Sales rose 9%, to $606 million, driven by higher average unit selling prices. “The contract price of butadiene increased 49% during the first quarter of 2012 and had a positive impact of $17 million,” the company says. “We performed well against a strong prior year quarter, despite the challenges of lower feedstock volume from the abnormally high concentration of ethylene plant outages and the continued...
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