2005 Chemical Industry Figures

Facts & Figures Of The Chemical Industry. ‘The story of the turnaround in the chemical industry may have begun in 2004, but it didn’t end there. Many of the elements in that story continued into 2005. Higher pricing and cost cutting to offset rising raw material and energy costs, increased production, and growing world trade are all continuing chapters. As in 2004, probably the most important factor in advancing chemical fortunes last year was the industry’s ability to raise prices enough to offset higher costs. Cost/price squeezes that were onerous in the first three years of the decade seem to have disappeared, giving chemical companies higher sales, earnings, and profitability. Many firms directed their improved earnings at increased spending on R&D and new plants and equipment.’

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Tags: Chemical Industry

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