Pharma Industry
Industry: Email Alert RSS FeedAkzo, Rhodia Announce Strong Results.(Brief Article)(Statistical Data Included)
Chemical Market Reporter, May, 2000 by MILMO, SEAN
AKZO NOBEL'S chemicals business has posted the best quarterly performance in its history. During the first quarter, its sales rose 15 percent to [epsilon]1.1 billion ($1 billion), and its operating income climbed 13 percent to [epsilon]126 million. The company's volume sales went up 4 percent and its selling prices rose 3 percent, helping it to achieve a sales margin of 11 percent.
Higher earnings were returned by the businesses in base chemicals, surface chemistry and functional chemicals. "Strong growth in the Western economies and an apparent turnaround in the economic climate of most of Asia are enabling the chemicals activities to reap the benefits of active portfolio realignment," according to Fritz Froehlich, Akzo Nobel's chief financial...
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