Sluggish PVC Market Pulls Down Geon Earnings

Sluggish PVC Market Pulls Down Geon Earnings

Geon (Cleveland, Ohio, USA) cited a depressed polyvinyl chloride (PVC) market as the principal reason for the firm's lower second quarter 1998 earnings. Earnings will be 20-25 cents/share less than anticipated, according to the company. PVC exports to the Far East have dwindled to almost nothin...

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Veröffentlicht in:Chemical week 1998-06, Vol.160 (24), p.12-12
1. Verfasser: Adams, Jarret
Format: Magazinearticle
Sprache:eng
Schlagworte:
Polyvinyl chloride
Vinyl polymers
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Zusammenfassung:Geon (Cleveland, Ohio, USA) cited a depressed polyvinyl chloride (PVC) market as the principal reason for the firm's lower second quarter 1998 earnings. Earnings will be 20-25 cents/share less than anticipated, according to the company. PVC exports to the Far East have dwindled to almost nothing since the region's economic crisis began. PVC prices in North America have declined by approx25% since the beginning of 1998. Geon, the second largest producer of PVC in the US and Canada, has suffered accordingly.
ISSN:0009-272X
2163-3126