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Chemical Week Magazine :: Business & Finance :: United States/Americas

Improving Demand Lifts Fourth Quarter Specialty Profits

3:10 PM MST | February 28, 2011 | —CW Editorial Staff

Ghasemi: Growth in all business units. Earnings were strong at specialty chemicals firms in the fourth quarter as volumes continued to improve across most segments. Increases in raw material costs and weakness in construction negatively impacted some businesses, however. Rockwood Holdings reported net income of $109.6 million, compared to $10.8 million in the same year-ago period. The most recent quarter included a $76.5 million (97 cts/share) tax benefit related to the sale of its AlphaGary plastic compounding business to Mexichem. Excluding special items...

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