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Major polymer makers report decline in revenues in Q2

August 01/2012

MOSCOW (MRC) -- The following several major global polymer producers have reported reduced profits or even losses on their second quarter results:BASF, Dow ChemicalIneos, SABIC, PetroRabighSipchem

As it was mentioned earlier by MRC, in the chemical and plastics segments BASF reported a significant decline in earnings in Q2 for some basic products on lower margins and the scheduled maintenance shutdown of several plants.

Producers cited disappointing global demand, higher feedstock costs and reduced production as some of the main reasons for their weaker results.

BASF is the world"s leading chemical company. BASF offers a comprehensive product line and market expertise ranging from commodities to engineering and high-performance materials in thermoplastics, foams and urethanes.

The Dow Chemical Company, commonly referred to as Dow, is an American multinational chemical corporation. Dow Chemical is a provider of plastics, chemicals, and agricultural products. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.

INEOS Group Limited is a privately owned multinational chemicals company headquartered in Rolle, Switzerland. Ineos manufactures and distributes a wide range of petrochemicals, specialty chemicals and oil products, including  ethylene, polyethylene, polyisobutylene, polypropylene and other aromatics, polystyrene, polyvinyl chloride, propene, propylene glycol, propylene oxide, PVC compounds, styrene-acrylonitrile resin, sulphur chemicals, VCM biodiesel and vinyls.

SABIC is a major producer of the key polyolefins PE (Polyethylene) and PP (Polypropylene).  It also produces PVC, polyester and polysterene.

Rabigh Refining & Petrochemical Company (Petro Rabigh) is a Saudi Arabia-based company which produces and markets refined hydrocarbon and petrochemicals.

Saudi International Petrochemical Company (Sipchem) manufactures and markets methanol, butanediol, tetrahydrofuran, acetic acid, acetic anhydride, vinyl acetate monomer, as well as carbon monoxide through its various affiliates.
Author:Margaret Volkova
Tags:PVC, PP, PS, PE, ethylene, BASF, Dow, Ineos Polyolefins, Sabic.
Category:General News
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