Higher volumes drive sales / Price hikes planned
Price hikes for polyamide products are very likely (Photo: Ems)
In the third quarter of 2021, polyamide specialist Ems (Domat / Switzerland; www.ems-group.com) reached or even partially exceeded sales and earnings figures from 2019. The company said this was mainly due to higher sales volumes triggered by “massive government stimulus measures” in markets such as the US. Compared to 2020, the figures were almost a third higher, as expected.

In each case, revenues of high-performance plastics increased a little more than those of the significantly smaller specialities division, which lagged slightly behind 2019’s figures. However, there are also increasing signs in Switzerland that one must prepare for a slowdown in the economy – although Ems only recently announced millions in investments (see Plasteurope.com of 25.10.2021).

In the July-September period, Ems reported sales of high-performance plastics at CHF 470m (EUR 444m), which was above the Q3 2019 figure of CHF 460m but noticeably less than in the initial two quarters, with the first at CHF 507m versus CHF 530m in the 2019 period, and the second at CHF 532m, up from CHF 486m two years ago. Specialities sales in the third quarter of this year slipped to CHF 56m from CHF 60m in Q3 2019. For the first half of this year, Ems reported group EBIT of CHF 321m compared to CHF 316m two years ago and noted that its previous optimistic forecasts remain unchanged on this basis.

The global economic slowdown, according to Ems, was largely caused by disruptions in international supply chains, which are now curtailing production in a wide range of sectors, and the car industry continues to suffer under the microchip shortage. Added to this are the skyrocketing energy costs, to which the Swiss company also intends to respond with price increases. In May this year, Ems raised prices significantly for base polymers and compounds made of polyamide 6 and 6.6 (see Plasteurope.com of 07.05.2021).
04.11.2021 Plasteurope.com [248922-0]
Published on 04.11.2021
Ems-Chemie: Höhere Absatzmengen treiben Q3-Umsatz nach obenGerman version of this article...

© 2001-2022 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2022 by Plasteurope.com, Bad Homburg
Date of print: 27.06.2022 17:49:59   (Ref: 207901470)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp