PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Bayer Announces Q2 Figures

Monday, August 10, 2009

Comment | More

The Bayer Group (Leverkusen, Germany) announced that results for the second quarter of 2009 were improved, but still below second quarter 2008. Group sales fell by 5.9% to EUR 8,009 million.

The MaterialScience group was the only one to see a loss, dropping by 30.2% compared to Q2 2008 to EUR 1,830 million. Sales of polyurethanes had the steepest decline at 38.6% after adjustments. Polycarbonates fell by 32.3%, and the coatings, adhesives, and specialties unit declined by 29.3%. According to the company, a decision has been made to permanently shut down certain capacities for polyurethanes; coatings, adhesives, and specialties; and basic chemicals by the end of the year.

Bayer’s HealthCare group saw a rise in Q2 sales by 8.3%, and CropScience was up by 2.7%.

Overall, net income for the company was down 7.3% year-on-year. Gross cash flow fell by 5.6%; however, net cash flow climbed by 57.4%.

   

Tagged categories: Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


Atlantic Design, Inc.
POWER ON WITH ADI!

The most air flow possible… In the smallest package imaginable… For a price you won’t believe! 866.Call.ADI


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


Jessup Manufacturing Company
More Traction for Extreme Marine Conditions

Jessup Safety Track® 3800 Military Grade peel-and-stick non-skid tapes and treads provide extra slip resistance for decks. MIL-PRF-24467C Type XI, Black & Gray.


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    U.S. Zinc
    Logistics. Rely On U.S.

    Whether via rail, truck, sea or air, you can trust our logistics services to deliver the product you need on time, every time.


    Sherwin-Williams
    Sherwin-Williams Protective & Marine Coatings

    With 4,000 distribution points and 3,700+ years of experience, Sherwin-Williams delivers the products, support and expertise you need, right where you need it.


    NLB Corporation
    Rotating water jets increase coverage

    NLB lance has rotating water jets (40,000 psi), widening the spray pattern to cover more area. Features air-driven swivel with dual triggers to enhance safety.

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker

     
    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
     

    © Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com