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Chemical Week Magazine :: Viewpoint
Emerging Strength in 2008?
2:01 PM MST | January 22, 2008 | Robert Westervelt Robw@Chemweek.Com
Efforts by U.S. chemical makers to increase exposure to China and other emerging markets appear to be helping them cope with weakness at home. PPG Industries reported a 30% year-over-year earnings gain last week, and notched 5% volume growth, the strongest quarterly volume gain in three years (p. 8). PPG’s fourth-quarter volumes in Asia surged nearly 15%, offsetting weakness in Europe and the U.S. DuPont recently raised its outlook because of stronger fourth-quarter business results, despite a slower U.S. economy. Eastman says its results will include the...
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