 Home > Chemicals Industry > China Chemical > Strong growth momentum, a large number of chemical materials companies disclose their 2021 results

Strong growth momentum, a large number of chemical materials companies disclose their 2021 results

 Last Update: 2022-05-01
 Source: Internet
 Author: User

Tags

naoh chemical

belief network

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

[ Hot Focus on Chemical Machinery and Equipment Network ] After the year, chemical and new material companies will be busy in 2021 performance disclosure
.
Previously, a number of chemical companies have taken the lead in releasing their annual financial reports
.
Recently, BASF, Covestro, Arkema and others have successively announced their financial reports for 2021, and many companies are optimistic about the industry outlook for 2022
.

Chemical machinery and equipment network hotspots focus on chemical machinery and equipment

BASF: Group net profit to increase by 118% in 2021

BASF achieves a strong and successful performance in 2021
.
Among them, the group's sales in 2021 will reach 78.
6 billion euros, an increase of 33% compared with 2020; the EBIT before special items is 7.
8 billion euros (an increase of 118%); in addition, the price of products will increase by 25%, and the sales volume will increase by 11%
.
The Group's positive profit performance was mainly driven by the Chemicals Business Area and the Materials Business Area
.
The Surface Technology business area and the Industrial Solutions business area also contributed to the strong recovery
.

BASF expects to achieve sales of between 74 billion euros and 77 billion euros in 2022
.
Global industrial production is expected to grow by 3.
8% and chemical production by 3.
5% due to the large order backlog in the industrial sector
.
In addition, carbon dioxide emissions for the full year of 2022 are expected to be between 19.
6 million and 20.
6 million tons
.

　　Arkema: Group sales up 25.
9% in 2021

　　Arkema Group's sales in 2021 will be 9.
5 billion euros, an increase of 25.
9% compared to 2020
.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 1,727 million euros, an increase of 46.
1% compared to 2020, against the backdrop of operational disruptions and high raw material and energy costs
.
In addition, sales volume increased by 7.
3%, largely driven by strong demand for sustainable solutions with high technology content, especially in the fields of batteries, 3D printing, consumer products and greener coatings
.

　　Group earnings before interest, tax, depreciation and amortization (EBITDA) are expected to grow strongly in the first quarter of 2022, driven by growth in advanced materials and coatings solutions
.
Arkema aims to achieve this year: EBITDA for Specialty Materials is comparable to the record high of 2021 in a constant business area
.

　　Covestro: Full-year net profit more than tripled year-on-year to 1.
6 billion euros

　　In 2021, Covestro's core business volume increased by 10% year-on-year, mainly due to additional sales from the resins and functional materials business (RFM) acquired from DSM
.
Group sales rose by 48.
5% to EUR 15.
9 billion (previous year: EUR 10.
7 billion), supported by higher selling prices, especially supported by strong demand
.
Both the Group's two business segments have achieved growth, and the new structure has successfully started.
In fiscal 2021, the core business sales of the functional materials segment increased by 0.
3% year-on-year, and the core business sales of the solutions and specialty chemicals segment increased by 26% year-on-year
.

　　Covestro expects EBITDA in the first quarter of 2022 to be between EUR 750 million and EUR 850 million
.
EBITDA will reach between EUR 2.
5 billion and EUR 3 billion in fiscal 2022, and its GHG emissions will increase to between 5.
6 million and 6.
1 million tons of CO2 equivalent (end 2021: 5.
2 million tons), mainly due to less favorable outsourcing The composition of electricity and the increase in production
.

　　Huntsman: Full-year net profit of $1.
104 billion

　　As the business transformation continues, Huntsman has become a differentiated chemical company, and its existing businesses have achieved historical results in 2021
.
The group achieved revenue of US$8.
453 billion and net profit of US$1.
104 billion
.
In the fourth quarter of 2021, revenue in the Polyurethanes segment increased year-on-year, driven by higher average selling prices and volumes of MDI products
.
In the second quarter of this year, the Group's MDI separation project in Geismar, Louisiana will be completed, which will further expand the differentiated polyurethane business in the Americas
.

　　Solvay: 17% organic growth in net sales for the full year

　　Solvay's strong sales volume and price increases will lead to double-digit growth in sales and EBITDA in 2021
.
Full-year 2021 net sales will grow organically by 17% to EUR 10.
1 billion; underlying EBITDA will increase by 27% to a new record of EUR 2,356 million
.
The 2022 EBITDA range is expected to achieve mid-single-digit organic growth, with an estimated free cash flow of EUR 650 million
.

　　Note: This article is organized and published by Plastic Machinery Network ( and the data and data are all from the annual financial reports of the above-mentioned companies

plastic robot

　　Original title: Strong growth | A large number of chemical materials companies disclose their 2021 performance

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.