BASF leads ICIS Top 100 Chemical Companies

14 September 2009 09:58  [Source: ICIS news]

LONDON (ICIS news)--ICIS has published its annual listing of the top 100 companies in chemicals, the market intelligence service for the global chemical and energy industries said on Monday.

The rankings, by sales, include the leading producers of a host of chemicals intimately linked to the global economy. Data are included on profits, employees, assets, and capital and research spending.

“The results, spanning the global chemical industry, reflect a strong start to the year, followed by a collapse in the third and fourth quarters, triggered by the global financial and economic crisis that began in the US,” said Joseph Chang, global editor of ICIS Chemical Business.

German major BASF led the pack, as it did in 2007, with $87.8bn in sales in 2008. US-based ExxonMobil eclipsed US major Dow Chemical for the number two spot with $58.1bn in sales compared with Dow’s $57.5bn, which placed it third in the rankings.

The crisis made its mark on the 2008 figures, most notably on net profit. Out of the ICIS Top 100 Companies, 23 posted net losses in 2008. Overall profits tumbled 53% year over year.

“Troubles in construction and automotive, key end-use sectors for chemicals, hit many players hard. Indeed, the link between chemicals, houses and cars would be exposed in 2008 like never before,” said Nigel Davis, editor of ICIS' Insight column.

The crisis continues to impact the chemical market, and 2009 will likely show further earnings declines, ICIS said.

A PDF of the ICIS Top 100 Chemical Companies is available for download at ICIS connect. You must have an account at ICIS.com or register on ICIS connect to access the data.

See the article and analysis of the ICIS Top 100 here.

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By: Staff Reporter
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