fabriziof
Forumer storico
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Obbligazioni societarie Monitor bond Chimica Europa
- Creatore Discussione lorenzo63
- Data di Inizio
lorenzo63
Age quod Agis
Akzo
Akzo leader mondiale vernici etc.
AMSTERDAM (Dow Jones)--The chief executive of Netherlands-based chemicals company AkzoNobel NV (AKZA.AE) Friday said 2010 will be a challenging year marked by the company's battle to counter cost inflation in low-growth regions while investing in emerging markets.
"2009 was an extremely tough year and 2010 is likely to be another challenging year and we need to maintain our focus on customers, costs and cash and adopt different agendas for low and high growth areas," Hans Wijers said in his annual New Year speech.
Wijers said it would be essential to fight cost inflation in low-growth regions such as North America and Europe while it will invest in growth in emerging markets such as Asia and Brazil.
Wijers said early December 2009 that the two traditional dominant markets, the U.S. and European Union, have matured and stabilized, but they will grow at a slower rate in future while growth rates will accelerate in emerging market.
"For India, we see in the next 10 years the same growth potential we saw in China in the past 10 years," Wijers said last year. China is the company's second-largest market after the U.S. "In these countries we see average annual paint consumption growing from one to two liters of paint per head of the population to eight to nine liters per year. On the billion-plus population numbers of these countries, that's huge," he said.
An Akzo Nobel spokesperson told Dow Jones Newswires the company will give additional details on its investments when it reports fourth-quarter results Feb. 18.
"Although we have a more aggressive growth plan for Asia and Brazil, this does not exclude investments or takeovers in Europe and the U.S.," the spokesman said. He added there still are areas in the mature markets where it has no presence.
The chief executive added that the world pre-2008 will not come back in a hurry as "the economy and the world itself has structurally changed."
Akzo leader mondiale vernici etc.
AMSTERDAM (Dow Jones)--The chief executive of Netherlands-based chemicals company AkzoNobel NV (AKZA.AE) Friday said 2010 will be a challenging year marked by the company's battle to counter cost inflation in low-growth regions while investing in emerging markets.
"2009 was an extremely tough year and 2010 is likely to be another challenging year and we need to maintain our focus on customers, costs and cash and adopt different agendas for low and high growth areas," Hans Wijers said in his annual New Year speech.
Wijers said it would be essential to fight cost inflation in low-growth regions such as North America and Europe while it will invest in growth in emerging markets such as Asia and Brazil.
Wijers said early December 2009 that the two traditional dominant markets, the U.S. and European Union, have matured and stabilized, but they will grow at a slower rate in future while growth rates will accelerate in emerging market.
"For India, we see in the next 10 years the same growth potential we saw in China in the past 10 years," Wijers said last year. China is the company's second-largest market after the U.S. "In these countries we see average annual paint consumption growing from one to two liters of paint per head of the population to eight to nine liters per year. On the billion-plus population numbers of these countries, that's huge," he said.
An Akzo Nobel spokesperson told Dow Jones Newswires the company will give additional details on its investments when it reports fourth-quarter results Feb. 18.
"Although we have a more aggressive growth plan for Asia and Brazil, this does not exclude investments or takeovers in Europe and the U.S.," the spokesman said. He added there still are areas in the mature markets where it has no presence.
The chief executive added that the world pre-2008 will not come back in a hurry as "the economy and the world itself has structurally changed."
lorenzo63
Age quod Agis
Cognis opens new affiliate in Malaysia
07 Jan 2010 - On January 1, 2010, Cognis opened an affiliate in Selangor, Malaysia. Cognis Malaysia Sdn. Bhd. is a wholly owned subsidiary of the Cognis Group. The aim is to accelerate the group’s growth in the region by improving the level of service it offers to customers there. The decision to open an affiliate in Malaysia reflects the country’s strategic importance to Cognis.
The Asia-Pacific region is now Cognis’ third biggest market after Europe and North America, so it was a logical step for the company to devote more resources to its operations in this region. The founding of a dedicated Malaysian affiliate is in keeping with the company’s focus on high-growth markets driven by the wellness and sustainability trends. It represents a significant milestone in Cognis’ activities in the Malaysian market, which has experienced rapid growth in recent years. Cognis Malaysia will employ technical and commercial managers to work on behalf of all three of the company’s strategic business units – Care Chemicals, Nutrition & Health, and Functional Products.
Jimmy Lau, Legal Representative of Cognis Malaysia, comments: "We believe that Malaysia and the whole Asia-Pacific region has significant growth potential that is fully in line with Cognis’ strategy. By opening an affiliate in Malaysia, we want to gain a deeper understanding of the local market and be closer to our customers. We aim to double Cognis’ sales in Malaysia over the next five years by helping our customers to gain the competitive edge they need to succeed..
Peccato nn averlo preso a 40 il suo bond .....
07 Jan 2010 - On January 1, 2010, Cognis opened an affiliate in Selangor, Malaysia. Cognis Malaysia Sdn. Bhd. is a wholly owned subsidiary of the Cognis Group. The aim is to accelerate the group’s growth in the region by improving the level of service it offers to customers there. The decision to open an affiliate in Malaysia reflects the country’s strategic importance to Cognis.
The Asia-Pacific region is now Cognis’ third biggest market after Europe and North America, so it was a logical step for the company to devote more resources to its operations in this region. The founding of a dedicated Malaysian affiliate is in keeping with the company’s focus on high-growth markets driven by the wellness and sustainability trends. It represents a significant milestone in Cognis’ activities in the Malaysian market, which has experienced rapid growth in recent years. Cognis Malaysia will employ technical and commercial managers to work on behalf of all three of the company’s strategic business units – Care Chemicals, Nutrition & Health, and Functional Products.
Jimmy Lau, Legal Representative of Cognis Malaysia, comments: "We believe that Malaysia and the whole Asia-Pacific region has significant growth potential that is fully in line with Cognis’ strategy. By opening an affiliate in Malaysia, we want to gain a deeper understanding of the local market and be closer to our customers. We aim to double Cognis’ sales in Malaysia over the next five years by helping our customers to gain the competitive edge they need to succeed..
Peccato nn averlo preso a 40 il suo bond .....
lorenzo63
Age quod Agis
Lanxess Sells Interest In China Joint Venture, US Site
German chemicals company Lanxess AG (LXS.XE) said Tuesday it will streamline its global production network by selling off its interest in a joint venture in China as well as a U.S.-based site.
The measures should save around EUR360 million by the year 2012, Lanxess said in a press release.
Lanxess is selling its 55%-holding in Lanxess Yaxing (Weifang) Chemicals Company Ltd. to its Chinese partner. Financial details of the transaction weren't disclosed.
Lanxess said its U.S. unit Lanxess Corporation sold the infrastructure and technical service operations in Bushy Park, South Carolina to investor Cooper River Partners, LLC. for $10 million. Lanxess's rubber chemicals unit will still produce at the site, after signing a long-term leasing and service agreement with Cooper River.
German chemicals company Lanxess AG (LXS.XE) said Tuesday it will streamline its global production network by selling off its interest in a joint venture in China as well as a U.S.-based site.
The measures should save around EUR360 million by the year 2012, Lanxess said in a press release.
Lanxess is selling its 55%-holding in Lanxess Yaxing (Weifang) Chemicals Company Ltd. to its Chinese partner. Financial details of the transaction weren't disclosed.
Lanxess said its U.S. unit Lanxess Corporation sold the infrastructure and technical service operations in Bushy Park, South Carolina to investor Cooper River Partners, LLC. for $10 million. Lanxess's rubber chemicals unit will still produce at the site, after signing a long-term leasing and service agreement with Cooper River.
Kylix
Forumer attivo
Ottima, ma la paghi 112,38...ti vale la pena ( rend.3,46%)?
Imark
Forumer storico
Quoto Kylix, e accorpo il 3d al monitor della chimica seguito da Lorenzo, così se vengono fuori novità o vuoi buttare un'occhio a qualche prezzo, di lì ti viene più facile...
Imark
Forumer storico
110,83 - 112,87 last 111,45 ieri OTC... prezzi analoghi sui mercati tedeschi retail...
Imark
Forumer storico
Fitch coglie l'occasione dell'inizio dell'attività di realizzazione di un nuovo impianto produttivo di Lanxess in Estremo oriente (inizialmente posticipato per effetto della crisi, il progetto è tornato operativo ed incide sul capex di L negli anni a venire) per riaffermarne il rating e fare il punto sulla situazione della metrica finanziaria.
Una situazione piuttosto solida, con un leverage basso (indicato da Fitch a quota 1,9x) ed in progressiva riduzione negli anni a venire, liquidità consistente e nessuna scadenza debitoria nel 2010
Fitch: Lanxess Ratings Unaffected by Acceleration of Butyl Rubber Project
18 Jan 2010 10:14 AM (EST)
Fitch Ratings-London/Frankfurt-18 January 2010: Fitch Ratings says today that Lanxess AG's (Lanxess) announcement that the construction of a butyl rubber (BTR) plant in Singapore has been brought forward by one year will have no impact on the Germany-based chemicals group's ratings.
Lanxess has a Long-term Issuer Default Rating (IDR) and senior unsecured rating of 'BBB'. The company's Short-term IDR is 'F3', and the Outlook on the Long-term IDR is Stable. Lanxess announced earlier today that it is bringing forward the construction of its 100,000 tonnes per annum (tpa) BTR plant on Jurong Island, Singapore. The severity of the chemicals downturn in 2009 had led the group to defer the initial construction of the project by two years, with production planned to commence in 2014.
Production is now scheduled to start in 2013, after a construction period spanning 2010-2012, with peak capex spending in 2011/12. The EUR400m investment will be Lanxess' largest to date.
Fitch believes that, in combination with the package of measures implemented by Lanxess in response to the downturn, the stabilisation in market conditions in the chemicals sector should yield sufficient headroom to finance the project without materially impacting the group's credit profile.
As of 30 September 2009, Lanxess' liquidity was strong and supported by cash and cash equivalent positions of EUR873m and a fully available EUR1.4bn revolving credit facility maturing in 2014. Net debt/LTM EBITDA was 1.9x and scheduled debt repayments are minimal until 2011. Fitch expects net leverage to peak at FYE09 around 30 September 2009 levels, and to gradually decline in the following years, albeit at a lower pace than anticipated prior to the resumption of the BTR project.
Lanxess' decision is motivated by the stabilisation of demand and resumption of growth in the BTR market in H209 with strong capacity utilisation rates at its Canadian and Belgium sites. The group is the world's second-largest producer of halobutyl rubber (HBR), a premium butyl rubber grade with primary high tech applications in performance tyres which accounted for 80% of Lanxess' BTR output in 2008.
HBR mid-to long-term demand fundamentals are strong and driven by markets in Asia. The location and competitive supply conditions of the Singapore site could result in a positive shift in Lanxess' cost position and business risk profile.
Fitch's EMEA chemicals outlook, published on 18 December 2009, notes that 2010 will be marked by a modest increase in demand for chemical products from the record low base of 2009, and that recovery will be fragile with significant regional disparity in growth trends. The report, entitled "EMEA Chemicals 2010 Outlook: Negative but Stabilising", is available at FitchResearch.
Una situazione piuttosto solida, con un leverage basso (indicato da Fitch a quota 1,9x) ed in progressiva riduzione negli anni a venire, liquidità consistente e nessuna scadenza debitoria nel 2010
Fitch: Lanxess Ratings Unaffected by Acceleration of Butyl Rubber Project
18 Jan 2010 10:14 AM (EST)
Fitch Ratings-London/Frankfurt-18 January 2010: Fitch Ratings says today that Lanxess AG's (Lanxess) announcement that the construction of a butyl rubber (BTR) plant in Singapore has been brought forward by one year will have no impact on the Germany-based chemicals group's ratings.
Lanxess has a Long-term Issuer Default Rating (IDR) and senior unsecured rating of 'BBB'. The company's Short-term IDR is 'F3', and the Outlook on the Long-term IDR is Stable. Lanxess announced earlier today that it is bringing forward the construction of its 100,000 tonnes per annum (tpa) BTR plant on Jurong Island, Singapore. The severity of the chemicals downturn in 2009 had led the group to defer the initial construction of the project by two years, with production planned to commence in 2014.
Production is now scheduled to start in 2013, after a construction period spanning 2010-2012, with peak capex spending in 2011/12. The EUR400m investment will be Lanxess' largest to date.
Fitch believes that, in combination with the package of measures implemented by Lanxess in response to the downturn, the stabilisation in market conditions in the chemicals sector should yield sufficient headroom to finance the project without materially impacting the group's credit profile.
As of 30 September 2009, Lanxess' liquidity was strong and supported by cash and cash equivalent positions of EUR873m and a fully available EUR1.4bn revolving credit facility maturing in 2014. Net debt/LTM EBITDA was 1.9x and scheduled debt repayments are minimal until 2011. Fitch expects net leverage to peak at FYE09 around 30 September 2009 levels, and to gradually decline in the following years, albeit at a lower pace than anticipated prior to the resumption of the BTR project.
Lanxess' decision is motivated by the stabilisation of demand and resumption of growth in the BTR market in H209 with strong capacity utilisation rates at its Canadian and Belgium sites. The group is the world's second-largest producer of halobutyl rubber (HBR), a premium butyl rubber grade with primary high tech applications in performance tyres which accounted for 80% of Lanxess' BTR output in 2008.
HBR mid-to long-term demand fundamentals are strong and driven by markets in Asia. The location and competitive supply conditions of the Singapore site could result in a positive shift in Lanxess' cost position and business risk profile.
Fitch's EMEA chemicals outlook, published on 18 December 2009, notes that 2010 will be marked by a modest increase in demand for chemical products from the record low base of 2009, and that recovery will be fragile with significant regional disparity in growth trends. The report, entitled "EMEA Chemicals 2010 Outlook: Negative but Stabilising", is available at FitchResearch.
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