Skip to main content
Sister Publication Links
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH India
  • UTECH Middle East
  • UTECH Southeast Asia
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
May 06, 2009 12:00 AM

Arch Chemicals sees Q1 sales drop by 15%

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More

    Norwalk, Connecticut -- Arch Chemicals said 5 May that its sales for the first quarter of 2009 were $293.7 million, compared to $347.1 million for Q1 2008. Higher pricing and the favourable impact of Arch's purchase of Advantis were "more than offset by lower volumes and unfavourable foreign exchange," said the company.

    Segment operating income was $9.1 million in 2009 compared to $12.2 million in 2008.

    "Despite the very challenging global market conditions, we are pleased with our first quarter results, which exceeded our expectations. These results were driven principally by our water products and performance urethanes businesses, where we benefited both from price increases and from ongoing margin-improvement plans," commented Arch Chemicals' chairman, president and ceo Michael Campbell.

    Personal care and industrial biocides met Arch's expectations through a favorable product mix and cost-control initiatives, which offset lower demand, but the company's wood protection and industrial coatings businesses experienced lower demand due to "continued weakness in the global housing and construction markets," said Campbell.

    In Arch's Performance Products division, sales were $44.7 million ($53.5 million Q1 2008) and operating income $2.7 million ($0.3 million Q1 2008). Arch said its sales in performance urethanes decreased by $8.0 million to $41 million. "Pricing was significantly lower than the first quarter 2008 due to competitive pressures in the polyol and glycol markets resulting from declining raw material costs," the company commented.

    Meanwhile, said Arch, volumes were slightly lower than for Q1 2008, due to the US economic downturn. Operating results improved by $2.3 million due to improved margins from favorable raw material costs, principally propylene.

    "

    Recommended for You
    green sustainable lightbulb idea istock 800
    Designing PU structures with biodegradability in mind could improve end-of-life waste management
    2019, istock, spray foam, spf, generic, 800.jpg
    Leadership change coming at SPFA as executive director announces retirement
    co2 greenhouse gas istock 800
    BASF set to sell BDO and polyTHF with lower carbon footprint
    Latest Issue
    november 2023
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe