15 July 2013 09:00 [Source: ICIS news]
LONDON (ICIS)--Germany-based Brenntag once again leads the annual ICIS Top 100 Chemical Distributors listing ranked by 2012 sales, ICIS Chemical Business (ICB) magazine unveiled on Monday.
Brenntag, which also topped the ranking last year, reported $12.8bn in sales in 2012.
US-based Univar was second in the list with $10.3bn in revenues, while Germany-based Helm took third spot at around $7bn in sales with US-based Nexeo Solutions in fourth with sales of $4.1bn.
“Each year we strive to compile the most comprehensive list of global chemical distributors – a critical link in the supply chain for buyers and sellers of chemicals. This year, we received a record number of entries,” said Joseph Chang, global editor of ICB.
The ICIS Top 100 Chemical Distributors is a global ranking based on total sales. Separately, it also lists leaders in key geographies such as North America, ?xml:namespace>
The listing also goes beyond the Top 100 companies by sales. This year ICB provides details on 213 chemical distributors around the world.
A new feature this year includes data on sales from trading activities as opposed to traditional distribution.
ICB defines full-line or traditional distribution as taking possession/title of the product from a supplier into inventory, typically storing it in a warehouse, and then transporting it to customers.
In contrast, trading involves acting as an agent for the supplier, negotiating sales to customers and taking a commission on sales – what is known as agency or indent sales.
“Whether involved in traditional distribution, trading, or a combination of both, the firms in the ICIS Top 100 Chemical Distributors provide an incredibly diverse set of products and services available globally and across certain regions,” said Chang.
“We owe special thanks to the major chemical distributor associations that made this worldwide listing possible - the US-based National Association of Chemical Distributors (NACD), the
“Chemical distributors have continued to grow despite challenging macroeconomic conditions in many regions. This shows just how vibrant and innovative this sector has been in dealing with the downturn,” said Will Beacham, deputy editor of ICB.
Currency conversions to US dollars for the ranking were based on year-end 2012 exchange rates.
The ICIS Top 100 Chemical Distributors ranking is available for download here.
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