IHS Chemical Week

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Dynea's Profits Fall on Lower Volumes and Selling Prices

3:35 AM MST | March 11, 2010 | Kerri Walsh

Dynea reported a €46-million loss for full-year 2009, compared to earnings of €5.6 million including special items in both years. Operating results dropped 83%, to €3.9 million excluding charges. Sales fell 40%, to €527 million because of a 17% fall in volumes and lower selling prices, Dynea says.  “We expect to see a slight improvement in market demand in Europe following the recovery in the latter half of 2009," says CEO Roger Carlstedt. "In Asia and Oceania, market growth is estimated to be back on levels preceding the...

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