Perstorp Reports Strong Second Quarter

Chemical News: Perstorp Reports Strong Second Quarter

https://www.chemnet.com Jul 30,2010
Strong global recovery at the start of the year continued into the second quarter, with almost all markets and product segments reporting very favourable volume trends.

Net sales rose by 19% to SEK 7,428 million (corresponding period last year SEK 6,268 m), despite negative currency effects of 12%. Volumes rose 21% and prices 10%, partly driven by rising raw material prices.

The operating earnings before depreciation and write-down developed very positively and amounted to SEK 927 million (432 m). This is mainly due to extra volumes while keeping costs under control.

Evolution in market segmentation and in innovative solutions continues. Perstorp sold its first turbo charger formalin plant over the period, and successfully launched the world’s first renewable Penta. Later this year the company plans to introduce a new specialty polyol, customized for the PVC segment.
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