The specialty chemicals company LANXESS AG adjusted its earnings forecast for the business year 2009 after having a significantly better-than-expected fourth quarter, according to preliminary unaudited results. LANXESS now expects to achieve EBITDA pre exceptionals of EUR 450-470 ...

LA SEDA DE BARCELONA has signed a Project Finance for 371 million euros with a long term 15 year financing for its facilitiy in Sines, a Portuguese town in the south of Lisbon. The Project Finance for the chemical Corporation’s PTA plant is led by the Portugese bank Caixa Geral, ...

Business is being hit by the worldwide financial crisis. In the year’s first nine months, sales fell by 22.8 % to 1,364.0 million euros, while pretax earnings were at minus 26.9 million euros. Krones is targeting a break-even result in the year’s final quarter. Krones AG, the world’s ...

The figures at Krones, the world’s market leader for beverage filling and packaging technology, were hit by the cyclical downtrend in the first half of 2009. Thanks to its eminently sound financial and balance-sheet structure, however, Krones is able to cope significantly better with ...

Sales down 19% in local currencies and 24% in CHF on weak demand Operating loss before exceptionals of CHF 13 million due to low capacity utilization and inventory devaluations Cash flow from operations up to CHF 156 million from CHF – 6 million in Q1, 2008 due to strong ...

Global recession hits performance in 2009’s first quarter – Krones proposes 0.60 euros-per-share dividend for 2008Krones AG, the world’s market leader for beverage filling and packaging technology, had another highly successful year in 2008. At 2,381.4 million euros, consolidated ...

LyondellBasell Industries today announced that LyondellBasell Industries AF S.C.A. has been voluntarily added to Lyondell Chemical Company's reorganization filing under Chapter 11 of the U.S. Bankruptcy Code to protect the European holding company against claims by certain financial ...

LyondellBasell today announced that it has increased its fixed-cost reduction target to $700 million by year-end 2010. The new target is part of a total performance improvement plan of $1.3 billion, which also encompasses variable and energy cost reductions, as well as revenue ...

Krones AG, the world’s market leader for beverage filling and packaging equipment, has yet again turned in a very good result for the 2008 business year, as demonstrated by the provisional figures involved. Consolidated sales were up by 10.5 % over the previous year, to reach 2,381.4 ...

Key figures for 2008 compared with 2007: Operating cash flow (EBITDA) : EUR 31.8 million (+ 40%) Recurrent Operating cash flow (REBITDA) : EUR 26.4 million (+ 16%) Net Financial Debt : EUR 34.3 million (minus EUR 16.3 million) Ratio Net Financial Debt ...