Canadian chemicals post solid gains in 1979
In: Chemical & Engineering News Archive, Jg. 58 (1980-02-25), S. 14-14
Online
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Zugriff:
All of Canada's four largest publicly reporting chemical companies—Canadian Industries Ltd. (CIL), Celanese Canada, Du Pont Canada, and Union Carbide Canada—were in pretty good shape at the end of 1979. Big new plants and a favorable feedstock situation have made Canada a significant contender in world petrochemical markets; exports are booming. Sales and earnings reached record heights. But there's some concern that business will level off in 1980. Combined fourth-quarter sales for the four companies amounted to nearly $743 million (Canadian), a 23% increase from fourth-quarter 1978. Combined earnings, excluding extraordinary items, rose to $51.4 million, 178% higher than in the 1978 period. For all of 1979, sales increased 26% from 1978 levels, to $2.8 billion. Net income totaled $174 million, a 175% gain. Profit margins, overall, increased by a factor of about 2.2. CIL fourth-quarter sales were $219 million, a 20% increase from the like period in 1978. Ordinary net income came to $7.0 million ...
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Canadian chemicals post solid gains in 1979
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Autor/in / Beteiligte Person: | Worthy, Ward |
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Zeitschrift: | Chemical & Engineering News Archive, Jg. 58 (1980-02-25), S. 14-14 |
Veröffentlichung: | American Chemical Society (ACS), 1980 |
Medientyp: | unknown |
ISSN: | 2157-4936 (print) ; 0009-2347 (print) |
DOI: | 10.1021/cen-v058n008.p014 |
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