03 August 1998 00:00 [Source: ICB Americas]DSM recorded a 22 percent rise in sales to Fl 7.5 billion ($3.7 billion) in the first half of the year. Operating profit rose 23 percent to Fl 787 million. The merger with Gist-brocades accounted for 18 percentage points of the sales increase and 13 percent of the profit rise.
PERSTORP is taking over the industrial phenolic resin business of Raschig GmbH of Germany in an exchange agreement under which Raschig will acquire PerstorpÕs phenolic molding compound business, including a plant near Paris.
TICONA, the technical polymers business of Hoechst, has begun building a 30,000-ton-per-year cyclo-olefin co-polymer plant at Oberhausen, Germany. When the plant starts up in mid-2000, it will be the first commercial unit for the new class of polymer.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Asian Chemical Connections