19 March 2010 02:33 [Source: ICIS news]
SINGAPORE (ICIS news)--US-based PolyOne expects its sales to exceed $600m (€438m) in the first quarter of 2010, up about 30% from the same period last year, on the back of improving demand, the polymer materials and services company said late on Thursday.
The projected sales figure would also be 10% higher than the $552.2m recorded in the fourth quarter of 2009, the company said.
“For the first quarter of 2010 we expect to report the best mix of earnings in PolyOne’s history, overcoming near break-even results from our ?xml:namespace>
Newlin said there was still “trough-like conditions” in the housing and chlor-alkali sectors and any recovery in these segments would provide an upside to earnings.
He cited that raw material inflation could pose a challenge in expanding margins.
($1 = €0.73)
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