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Arkema cuts 2013 Ebitda projection

3:19 PM MST | January 8, 2014 | Ian Young

Arkema has cut its full-year 2013 Ebitda projection to about €900 million, from a forecast of €920 million announced by the company last November. The revised Ebitda figure would likely equate to a full-year Ebitda margin of almost 15%, the company says. The company cites a longer-than-expected commissioning period for new investments at Lacq, France that hurt the performance of Arkema's thiochemicals business. The investments are intended to adapt the company's production plants at Lacq following the end of operations at Total's gas field there. The...

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