Mexichem high profits partially offset by fluorine underperformance
Published: Wednesday, 30 April 2014
Vertically integrated fluorine and chlorine chemicals producer expects a positive 2014 for its business after recording high profits in its chlorine vinyl business and concluding new contracts with major fluorspar customers.
Mexichem has recorded profits
above initial expectations for the first quarter 2014, but saw
its fluorine business continue to decline.
In Q1 2014, the company posted net
sales of $1.3bn and net income of $49m, up 9% and 16%
year-on-year (y-o-y), respectively.
The company’s growth-driving businesses were