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People & Business :: Companies
Chemical Industry Weekly News Round-Up, Oct. 28
3:08 PM MDT | October 28, 2011 | Vincent Valk
This Week on CW: Third-quarter earnings at chemical firms were mostly strong despite the weak economy. U.S. basic and diversified firms generally experienced rising sales and profits, though some cut earnings forecasts. In Europe, third-quarter sales rose, but higher revenues squeezed margins. Most companies acknowledged that they were experiencing some slowdown due to the soft economy. BASF, for its part, beat estimates and still sees full-year growth in global chemicals production. The company’s revenues grew in all regions. LyondellBasell, which reported...
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