Kumho Petrochemical SR earnings hit by butadiene prices

Seoul – Kumho Petrochemical has achieved a 16.4% year-on-year rise in third quarter sales to KRW540bn (€351 million), the company announced 2 Nov.

Profits for the three months to 30 Sept declined, due mainly to slow pass-through of higher butadiene costs in product prices, the Korean company reported.

According to Kumho Petrochemical, the period saw a sharp increase in the butadiene prices “due to troubles and regular maintenance in the region.”

The situation then eased towards the end of the quarter, as a downward price-trend took hold on…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with