09 September 2013 09:00 [Source: ICIS news]
LONDON (ICIS)--ICIS Chemical Business magazine presents the annual ICIS Top 100 Chemical Companies, a global listing of sector leaders ranked by 2012 sales, sponsored by global investment bank The Valence Group.
Topping the list once again is Germany’s BASF with $95.1bn in sales, followed by China’s Sinopec at #2 with $64.9bn and US-based ExxonMobil Chemical at #3 with $60.9bn in sales. US-based Dow Chemical with $56.8bn in sales comes in at #4, followed by Saudi Arabia-based SABIC at #5 with $50.4bn in sales.
Currency conversions to US dollars for the ranking were based on year-end 2012 exchange rates.
The ICIS Top 100 Chemical Companies had combined sales of $1.39 trillion in 2012, essentially flat versus the $1.40 trillion in 2011.
“2012 was a challenging year for the chemical industry – both in terms of top-line growth and profitability. But the ICIS Top 100 Chemical Companies listing reflects the emergence of global leaders, with the top five based in key geographic markets,” said Joseph Chang, Global Editor of ICIS.
“The chemical operations of China’s Sinopec have grown significantly over the past 10 years, lifting the company from 29th in the ICIS rankings in 2002 to the #2 slot for 2012,” said Nigel Davis, ICIS Insight Editor.
“Saudi Arabia’s SABIC has moved from the 14th position to #5 in the same period,” he added.
The 23 September issue of ICIS Chemical Business will break out the geographic leaders in North America, Latin America, Europe, Asia, and the Middle East & Africa.
And in the issue of 30 September, we reveal the ICIS Company of the Year based on financial metrics.
The ICIS Top 100 Chemical Companies ranking is available for download as a PDF here.
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