Europe top stories - weekly summary

19 March 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 18 March 2012.

Gurit plans to maintain operational EBIT margin of 8-10% in 2012
Gurit plans to maintain an operational earnings before interest and tax (EBIT) margin of 8-10% in 2012, the Swiss composite materials maker said on Friday.

Europe LDPE tight on production issues, high prices may rise further
Production problems in the low density polyethylene (LDPE) sector in Europe have led to tight supply and higher prices this month which may increase further in April, market sources said on Thursday.

Wacker expects challenging 2012 for polysilicon business
Wacker Chemie expects its polysilicon business to have a “challenging” 2012, due to the turbulent global photovoltaic market, the German chemical firm’s CEO said on Wednesday.

Europe chlorine production at two-year low, caustic stocks up
Manufacturing constraints in Europe’s chlor-vinyl markets have reduced chlorine production in February to a two-year low, while caustic soda stocks have increased on greater availability and softer demand, industry body Euro Chlor and market sources said on Tuesday.

OECD: Positive outlook for member economies, slowdown in China
Indicators for the economies of Organisation for Economic Co-operation and Development (OECD) member countries are pointing to a “positive change in momentum”, with China and Brazil the only nations that could see a slowdown, the organisation said on Monday.

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By: Franco Capaldo
+44 (0)20 8652 3214

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