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Chemical Week Magazine :: Viewpoint
5:49 AM MST | January 27, 2012
Early earnings reports confirm the weak end to 2011. Volumes fell in the fourth quarter, but revenues and earnings were decent thanks to strong pricing (p. 9, 12). DuPont reported a 10% year-over-year drop in volumes, with demand dragged down by weakness in electronics and destocking in polymer markets. Markets in Asia and Europe were also depressed as customers limited orders and drew down inventory. DuPont volumes fell 1% in the U.S. and Canada, 13% in the Europe, Mideast and Africa (EMEA) region, 23% in Asia Pacific, and 3% in Latin America. The U.S. was...
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