Argentina January chemical production rises 3.4% year on year

24 February 2012 22:27  [Source: ICIS news]

HOUSTON (ICIS)--Argentina’s January chemical production rose by 3.4% year on year, industry sources said on Friday.

The increase was caused mostly by pharmaceuticals, one of the few sectors that did not report year-on-year declines.

Production of basic chemical products was down by 4.5% in January compared with the same month of the previous year, said Argentina’s Statistics Institute (INDEC). The institute does not provide tonnage figures for production.

Production of industrial gases was down in January by 7.2% year on year, the group said.

Production of plastic raw materials and synthetic rubber was down by 4.6% in January compared with the same month of 2011.

Agrochemicals production was down by 16.8% in January, while production of pharmaceutical products was up by 24.7% year on year.

Production of detergents, soaps and personal products rose in January by 3.5% compared with the same month of 2011.

Meanwhile, plastic products and rubber tyres production combined rose by 0.4% in January year on year. Rubber tyre production declined by 7.9%, while January production of plastic products was up by 1.9% year on year, INDEC said.

By: George Martin
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