25 October 2010 16:47 [Source: ICIS news]
While raw material costs in the Americas and Asia fell around mid-year, European costs held firm, company officials said on a conference call with investors.
“We are concerned about the European situation,” said chief executive Joseph Gingo, referring to the recent strikes that have affected various industries in France.
“Any disruption causes a ripple effect. ... If it is sustained over a long period of time, I’m convinced it will have an effect across all of Europe,” he said.
Gingo spoke on a conference call for fiscal fourth-quarter earnings. Earlier Monday, A Schulman reported that it more than doubled its fourth-quarter net income to $11.7m.
The compounder said nylon supply was loosening around the world, but noted that TiO2 remained tight.
“We’re taking every step we can to make sure we have a steady flow of TiO2, but we think for the remainder of the calendar year, TiO2 will be tight on pricing,” Gingo said.
To discuss issues facing the chemical industry go to ICIS connect
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