Earnings Rise at Methanex

Methanex says fourth-quarter net income nearly tripled from the year-ago quarter, to $64 million, on increased sales volumes and steady methanol demand. Revenue was up 22%, to $696 million. “Methanol demand and pricing has been relatively stable. For 2011, we are also pleased to have reported record sales volumes and significantly higher earnings, as a result of a healthy methanol pricing environment and higher production due to the start up of the Egypt and Medicine Hat plants over the past year,” says Bruce Aitken, president and CEO of...

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