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Versalis to reach 'break-even' by the end of 2013

10:03 AM MDT | March 14, 2013 | Francinia Protti-Alvarez

Eni's petrochemical subsidiary, Versalis (San Donato Milanese, Italy) expects to reach a "break-even" profitability level by the end of 2013 as a result of further rationalization, and integration, regardless of any improvements in the economic environment, Paolo Scaroni, CEO of Eni said during an analyst conference held in London today. "[The group] is committed to the expansion of its emerging markets activities through strategic partnerships and will continue to promote initiatives to improve the efficiency of its plants and processes"...

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