Asian Chemical Companies Report Mixed Financial Results

Leading Asian chemical companies reported mixed financial results for the quarter or the full year ended December 31, 2011. LG Chem (Seoul) and SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok) reported falls in profits but SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy; and PTT Global Chemical (Bangkok) reported a rise in profits. LG Chem reported a 13% decline in net profits for the fourth quarter of 2011, compared with the same period of 2010, to won381.8 billion ($342 million) on sales up...

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