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Chemical Industry Weekly News Round-Up, Dec. 9
3:30 PM MST | December 9, 2011 | Vincent Valk
This Week on CW: Output growth in German chemical industry is expected to slow to 1% during 2012, according to industry association VCI (Frankfurt). The slowdown was widely predicated and related to the EU debt crisis. DuPont cut its fourth-quarter earnings outlook to a range of 29-37 cts/share on lower demand and inventory destocking by customers. Destocking has been influenced by weakening demand in consumer electronics, and continued softness in construction. Meanwhile, 3M affirmed its full-year 2011 guidance and said it expects earnings of $6.25-$6.50/share...
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