Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Asian Chemical Companies Report Higher Profits and Sales
7:26 AM MST | November 18, 2011 | —Deepti Ramesh and Ian Young
Most major Asian chemical manufacturers reported higher profits and sales for the quarter ended September 30, 2011. Companies say the strong financial performance was mainly a result of improving demand and higher selling prices. SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) and LG Chem have, however, recorded falls in profits. Reliance Industries posted a 16% increase in net profits for its fiscal second quarter ended September 30, compared with the year-ago quarter, to Rs57 billion ($1.14 billion), on sales up 35%, to Rs807.9...
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