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Evonik’s First-Quarter Chemical Sales and Profits Rise

8:05 AM MDT | May 19, 2008 | Kerri Walsh

Evonik’s chemicals business reported first-quarter operating income up 15%, to €300 million ($467 million), on sales up 11%, to €2.9 billion. Unfavorable currency exchange rates and a “sharp hike” in raw material costs were more than offset by...

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