IHS Chemical Week

Chemical Week Magazine :: Viewpoint

Profit Recovery

8:26 AM MDT | October 8, 2010 | Robert Westervelt

Chemical industry profits are up sharply in 2010, and companies are making the case that recovery can be sustained. AkzoNobel, DSM, Lubrizol and Rhodia each laid out ambitious mid-term earnings and revenue growth targets over the past two weeks. At recent investor conferences Eastman Chemical said it would exceed 2010 estimates, and DuPont said it remains well-positioned to capture global growth and meet its profit targets. Producers are pushing back against qualms that earnings recovery is an anomaly driven by favorable inventory or raw material swings that will...

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