Solvay reports record operating results of €1.2 bln for 2007

19-Feb-08
Solvay has reported record operating results of €1.2 bln for 2007 across all its sectors - chemicals, plastics and pharmaceuticals. This marks an improvement of 9% over results of 2006. The plastics sector showed improvement due to robust performance of specialty polymers and vinyls division. Sales in the plastics sector increased by 4% in 2007 to €3950 mln and REBIT increased by 8% to €441 mln despite the unfavourable effects of the dollar and yen exchange rates. Unfavourable dollar and yen rates affected specialty polymers. Volume growth of 8% was recorded in 2007 for specialty plastics, and over 10% for high-performance polymers. Solvay's Vinyls division improved as compared to the excellent levels achieved over these past three years, mainly due to overall better spreads, almost 5% growth in worldwide demand and a reinforced competitive position. Demand in Europe remained good despite seasonal slowdown at the end of 2007.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Reclamax single step plastic recycling machine

Reclamax single step plastic recycling machine