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Chemical Finance Digest, Mar. 12-16
11:03 AM MDT | March 20, 2012 | Vincent Valk
Topping the headlines last week, Wacker Chemie reported higher volumes and sales for 2011, but lower Ebitda and net income. The company also expects a further Ebitda decline for this year due to weak polysilicon demand. In other earnings news, Braskem swung to a loss on declining thermoplastic resin demand and unfavorable exchange rates, while Nova’s profit rose 22% year-on-year, and Ube cut its earnings and sales forecasts. In M&A news, private equity firm Quantam Kapital is planning to acquire BASF’s printing inks business in the Netherlands for...
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