11 June 2010 15:52 [Source: ICIS news]
LEVERKUSEN, Germany (ICIS news)--German major Bayer MaterialScience is anticipating a continued recovery in its markets and is targeting a sales increase of some 20% on a currency and portfolio adjusted basis in 2010, a company executive said on Friday.
Speaking at the Pre-K plastics conference in ?xml:namespace>
"Our high-tech materials business had a successful start to 2010 and we are confident of future development," said Thomas.
First quarter sales grew by 36% to €2.22bn (€2.66bn) from the same period a year earlier, and were also up 9.9% over the fourth quarter of 2009. EBITDA before special items had rallied to €287m from a €116m loss during the corresponding quarter the year before.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections