This year selected the global chemical 50 list of Chinese chemical enterprises from the original 2 to 4, of which, Wanhua Chemical became the first half of the performance growth ' Dark horse '.
Thanks to the growth of chemical prices and sales, the first half of the world's major chemical giants have generally been good. As of August 7, nearly 2/3 of the 50 chemical enterprises in the global chemical industry in 2018 have reported a semi-annual performance report.
Perennial entrenched in the top 50 BASF AG (BASF SE, hereinafter called BASF), the first time by the new world's largest chemical enterprise Dow DuPont AG (Dow DuPont Co, hereinafter referred to as Dow du Pont) catch-up.
In the first half, Dow DuPont's sales in the same period of 45.7 billion U.S. dollars, an increase of about 10% per cent, the operating income tax depreciation amortization before the profit of 10.6 billion U.S. dollars, the year-on-year growth of about 15%.
Over the same period, BASF sales of 38.26 billion U.S. dollars, an increase of 0.9% per cent, the pre-tax profit of 5.61 billion U.S. dollars, a year-on-year increase of 3.3%.
Dow DuPont's first-half performance grew, thanks to an increase in the volume of major markets in the two quarter. Compared with the same period last year, Dow DuPont's two-quarter market volume rose 10%, and the United States, Canada and the Asia-Pacific region achieved double-digit growth.
Among them, agricultural output was increased by 20%, and the sales of materials science and specialty products increased by 10% and 4% respectively.
In the first half, Dow DuPont's product prices grew by an average of about 4%, leading to a 1/4 increase in sales in the agricultural sector, a 18% increase in materials science, and a 10% per cent increase in sales in the specialty products sector.
In the two quarter of this year, Dow DuPont's earnings have exceeded Wall Street analysts ' forecasts for four consecutive quarters.
BASF's performance also benefited from the growth of functional materials, chemical prices and sales, but the adverse exchange rate associated with the dollar affected sales in all business areas.
In the first half, BASF's oil and gas and chemicals business receipts continued to rise, but there was a sharp downward trend in agricultural operations and functional materials. This August, BASF will complete its acquisition of the main business of seed and non-selective herbicides under the Bayer Corporation (Bayer).
The business is worth about 1.26 billion dollars, when 4,500 new employees will join BASF. The takeover, which complements BASF's strategy for existing crop protection operations, biotech operations and digital applications, means it will further lay seed business.
In addition, BASF is considering merging the oil and gas business with the operations of the DEA Deutsche Erdoel AG and its subsidiaries. In addition to the above two chemical giants, most of the reported monthly sales of chemical giants in the growth rate of 7% to 10%. Koth AG (Covestro) in the first half of the sales of 8.71 billion U.S. dollars, an increase of 7.9% per cent, operating income tax depreciation amortization before the profit of 2.29 billion U.S. dollars, an increase of 20.9%.
The biggest reason for its business growth was a 2.2% per cent year-on-year increase in sales. Wanhua Chemical Group Co., Ltd. (600309.SH, hereinafter called Wanhua Chemical) has become the biggest ' black horse ' for performance growth.
In the first half, Wanhua chemical business income of 30.054 billion yuan (equivalent to 4.385 billion U.S. dollars), an increase of 23%, to achieve the parent net profit of 6.949 billion yuan (equivalent to 1.014 billion U.S. dollars), the year-on-year increase of 42.9%. Wanhua Chemical also entered the global Chemical 50 strong list (based on 2017-year performance rankings), ranked 43rd. The global chemical 50 list is published in July each year by the American Chemical Society (Journal of the American Chemical) Journal of Chemistry and Engineering news.
China's chemical industry, which has been selected this year, has increased from 2 to 4 from its original home. The other three selected Chinese enterprises are China Petrochemical Group, Taiwan Formosa Plastics Group and China Chemical Group Corporation (hereinafter called Middle Chemical).
Among them, the Chinese chemical industry is because of the acquisition last year ranked 30 of the first Tatsu Group (Syngenta) and the new selected. June 30, China Chemical Chairman Ren announced the retirement, the Chinese group (hereinafter called the Chinese) Chairman Ning Gaoning concurrently chairman of the Chinese chemical industry. This is considered by the industry and the Sino-chemical merger close to achieve.
If the merger of the two groups is successful, the two sides will break 770 billion yuan (about 110 billion U.S. dollars), which is expected to replace Dow DuPont as the world's largest chemical enterprise. Dow DuPont first-half performance-BASF | Top of global chemical giants