15 March 2011 15:02 [Source: ICIS news]
LONDON (ICIS)--Air Liquide will see demand weakening in the aftermath of the earthquake which hit ?xml:namespace>
The investment bank highlighted the short and long-term implications the recent earthquake, tsunami and ongoing nuclear crisis in
Air Liquide has been identified as having the largest group sales in
“Should the current events in Japan lead to a migration away from nuclear power in favour of other forms of clean energy, then we would see Air Liquide and [German gases and technology firm] Linde as key beneficiaries over the longer-term,” analysts from JP Morgan Cazenove said.
According to reports,
Japanese competitors Shin-Etsu Chemical and Sumco Corp have both made announcements of production shutdowns. JP Morgan analysts highlight this will have a short-lived effect.
According to the semiconductor research team, the risk of interruptions to Japanese production component manufacturers may impact further downstream, and lead to lower end-product production in the electronics chain.
“The Acrylics market is already tight and cannot easily accommodate a further reduction in supply. On the other hand, the PVC market remains weak, and any positive inflection point in global operating rates would be contrary to current expectations.” JP Morgan said.
By Tanzeel Akhtar
+44 20 8652 3214
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