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Chemical Industry Weekly News Round-Up, March 2
3:04 PM MST | March 2, 2012 | Vincent Valk
This Week on CW: Some late earnings trickled in this week, and the news was mixed, though leaning negative. DSM’s fourth-quarter profits fell 43% due to flagging economic growth in Europe. Meanwhile, Ecolab’s net income declined 32% on charges related to the Nalco merger. German chemical industry group VCI says that country’s chemicals output will be flat this year. This represents a cut from the group’s previous forecast of 1% output growth. The weak forecast comes due to a weak economy, especially in Western Europe. ...
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