Bayer says MaterialScience division here to stay

By Anthony Clark
PLASTICS & RUBBER WEEKLY

Published: March 1, 2013 2:05 pm ET
Updated: March 1, 2013 2:08 pm ET

Image By: Bayer AG Marijn Dekkers

Related to this story

Topics Materials
Companies & Associations Bayer MaterialScience LLC

LEVERKUSEN, GERMANY — Marijn Dekkers, chairman of Bayer AG, confirmed at the company's financial results conference that its MaterialScience division will remain part of the firm's portfolio.

He told his audience that there are efficiency programs in place that will help improve the division's overall performance and increase its profit margin.

"Sales of this subgroup rose by 3 percent compared with 2011 to 11.5 billion euros ($14.9 billion)," Dekkers said. "[Profit] before special items increased by nearly 7 percent to 1.3 billion euros ($1.68 billion). Overall, earnings at MaterialScience were hampered by the rise in raw material and energy costs, which we were unable to pass on in full to our customers."

For 2013 MaterialScience is planning a slight increase in sales on a currency- and portfolio-adjusted basis to around 12 billion euros ($15.6 billion). The division is also expected to achieve a volume-driven expansion beyond the growth rate of the global economy.

Bayer intends to implement efficiency measures to help offset commoditization of the business, the company said. Those efforts "should contribute 1.5 percentage points to the [profit] margin before special items by 2015," the company said.


Comments

Bayer says MaterialScience division here to stay

By Anthony Clark
PLASTICS & RUBBER WEEKLY

Published: March 1, 2013 2:05 pm ET
Updated: March 1, 2013 2:08 pm ET

Post Your Comments


Back to story


More stories

Image

Patents the springboard for Aussie company to play on global stage

December 22, 2014 4:19 pm ET

Obtaining patents on its technology is helping an Australian manufacturer of compostable and biodegradable plastic resins becoming a leading player...    More

Image

Swedish compounder makes first North American plastics acquisition

December 22, 2014 10:19 am ET

Swedish rubber compounder Hexpol AB has made its first North American plastics acquisition, buying the plastics compounding business of RheTech Inc....    More

China's Jinming honored as global partner by ExxonMobil

December 22, 2014 12:08 pm ET

Guangdong Jinming Machinery Co. Ltd. has been recognized as a global strategic development partner by ExxonMobil Chemical Co.    More

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company head...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events