Despite sales growth the Slovnaft Group ended with a loss in 2011
Net sales of the Slovnaft Group in the past year increased year-on-year by 35 per cent up to EUR 4.73 billion.
Financial results
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BASF in 2011
BASF significantly surpassed the record levels of 2010 in sales and earnings, and thus again earned a high premium on its cost of capital in 2011.
Borealis in 2011
Borealis, a leading provider of chemical and innovative plastics solutions, recorded a net profit of EUR 507 million in 2011, compared to EUR 333 million in 2010.
Weak results for LyondellBasell Industries
LyondellBasell Industries announced a net loss for the fourth quarter 2011 of $218 million, or $0.38 per share.
Gerresheimer achieves growth in the 2011 financial year
Gerresheimer AG, one of the leading global packaging partners to the pharma and healthcare industry, has closed the 2011 financial year with strong growth in revenues and profits.
Good year for Bayer but plastics division suffers
Bayer has reported a 58% hike in its Q4 net profit, despite difficult market conditions, and said it expects future growth for its healthcare and farming science divisions during 2009. However, the company revealed a disappointing drop in earnings for its material science business, which includes plastics and sealants.
BASF confirms outlook for 2008 and presents longterm financial goal
At an analyst conference held in London, BASF has confirmed its outlook for 2008 despite signs of weakening growth in the chemical industry. For the current year, the company has revised its expectations for growth in global chemical production from 2.8 percent to 2.4 percent. For 2008, BASF is now assuming an average oil price (Brent) of $120 per barrel and an average exchange rate of $1.55 per euro.
Agreements between Rhodia and Lyondell
Rhodia and Lyondell sign definitive agreements for the sale of their isocyanates businesses to Perstorp.
