Europe top stories – weekly summary

14 May 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 11 May 2012.

Borealis base chems exceed expectations in Q1
Borealis’s base chemicals business outperformed expectations in the first quarter of 2012 despite difficult market conditions and a drop in net profit, the Austria-based company's CEO Mark Garrett said on Friday.

Arkema expects stronger Q2 despite difficult market conditions
Arkema expects stronger growth in the second quarter of 2012 compared to the first quarter, despite continuing difficult market conditions, the French chemical maker said on Thursday.

Technology gives us a solid base for growth – LANXESS CEO
LANXESS’s focus on developing its technology will provide a solid platform for future growth, the group’s CEO, Axel Heitmann, said on Wednesday.

Dutch DSM Q1 net profit falls 13% to €145m, sales dip 2%
Dutch producer DSM on Tuesday reported a 13% year-on-year decline in its first-quarter net profit to €145m ($188m) as net sales slipped by 2% to €2.29bn.

Romania's Oltchim reports Q1 net loss of €18.8m as sales fall
Romanian chemical producer Oltchim reported a net loss of New Lei 82.8m ($24.6m, €18.8m) for the first quarter of 2012, compared with a net loss of New Lei 2.64m in the same period last year, as sales tumbled 45%, the company said on Monday.

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By: Staff Reporter
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