Asian Chemical Connections
It was a struggle for many of the regional leaders to record organic sales growth in 2012. Those that made major strides were vaulted by mergers and acquisitions (M&A).
In North America, this included Ecolab, which shot up to the #7 slot with a 74% gain in sales to $11.8bn (€9.0bn). In Latin America, Mexichem saw revenues jump 34% to $4.9bn, solidifying its #3 position. Both companies are poised for further gains in 2013 as they continue to make acquisitions.
INSIGHT: Transitory downdraft for global petrochemicals
That does not mean US producers cannot maintain fat margins – they may just be somewhat leaner."
VIDEO: ICIS special report - impact of lower crude oil prices