More than halfway through 2018, leading domestic and foreign chemical companies have released their second quarterly performance reports for 2018. From the current growth in corporate sales, the industry is in a booming period, consistent with the previous announcements from companies.
Industry giant BASF revealed that sales and revenues both increased slightly in the second quarter. As shown in the above chart, BASF generated sales of 16.8 billion euros in the second quarter. In the performance report submitted, BASF said that chemicals, oil and gas The high selling price of the products drove the sales of BASF. It is understood that in the first half of 2018, the chemical business sales increased by 3% to 8.4 billion euros.
Similarly, the increase in sales prices also helped Covestro achieve good performance in the second quarter. Sales increased by 10.4% year-on-year to 3.9 billion euros. Sales of coatings, adhesives and specialty chemicals increased 4.1%. Reached 629 million euros.
Eastman also saw a certain increase in the second quarter, with sales revenue of 2.621 billion US dollars, an increase of 20 million US dollars. Eastman relies on sales growth, especially sales of additives and other businesses.
The WACKER Group was raised in price, especially for organic silicon products and chemical sales. In the second quarter, WACKER sales reached 1.33 billion euros, an increase of 110 million euros.
The strong development of the chemical business has helped these international companies achieve better results. In looking forward to the full year of 2018, the companies also said that customer demand is relatively strong, and the sales volume in 2018 will exceed the 2017 value. In addition, these companies have also invested and built. China is an important location for companies in the industry. China is already the world's largest chemical market, accounting for about 40% of the market.
Guangdong has become the 'blessest land' of many chemical companies. ExxonMobil said that world-class petrochemical projects will be located in Huizhou, Guangdong. ExxonMobil plans to invest billions of dollars to build a leading technology and the highest safety standards in Huizhou. And the chemical complex with the best operational experience; BASF announced that its third largest base in the world will be located in Guangdong, the total investment of the project will reach 10 billion US dollars, is expected to be completed around 2030. WACKER also said in an interview recently that China continues to Enhanced intellectual property protection and a more attractive investment environment have given them the confidence to further increase their production capacity.
Improve the global layout, strengthen the industrial chain, in spite of the adverse effects caused by exchange rate factors, while Outlook 2018 annual results of companies who have also said that the situation will be similar to the first half of the second half, full-year results will continue to grow .