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Regions :: Eastern Europe :: Russia
Weekly Round Up, April 30: Lyondell Emerges, Victorious?
April 30, 2010 | Vincent Valk
After 15 months in Chapter 11, LyondellBasell has emerged from bankruptcy. The company has slashed its debt obligations and is focused on costs, CEO Jim Gallogly tells CW. It plans to list on the New York Stock Exchange later this year. More first-quarter earnings came in this week, and the news was generally good. Dow and DuPont, along with most diversified firms, rebounded strongly from weak first-quarters last year. Specialty firms reported strong earnings, too, as volumes continue to improve. Russian fertilizers maker UralChem is walking away from a planned...
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