Chemical & Engineering News,
May 8, 1995

Copyright © 1995 by the American Chemical Society.

Almost every chemical producer increased sales last year

                                                                                          Operating return on chemical assets(c)
                                                                                   Chemical assets as % of total assets       |
                                                                    Identifiable chemical assets ($ millions)        |        |
                                                                               Operating profit margin(b)  |         |        |
                                                    Chemical operating profits as % of total profits  |    |         |        |
                                                                          Change from 1993       |    |    |         |        |
                                          Chemical operating profits(a) ($ millions)    |        |    |    |         |        |
                                          Industry classification                |      |        |    |    |         |        |
                   Chemical sales as % of total sales        |                   |      |        |    |    |         |        |
                               Change from 1993    |         |                   |      |        |    |    |         |        |
       Chemical sales 1994 ($ millions)      |     |         |                   |      |        |    |    |         |        |
Rank 1993                           |        |     |         |                   |      |        |    |    |         |        |
Rank  |                             |        |     |         |                   |      |        |    |    |         |        |
1994  |                             |        |     |         |                   |      |        |    |    |         |        |
  |   |                             |        |     |         |                   |      |        |    |    |         |        |
  1   1 DuPont                   $16,845.0  8.0% 42.8% Diversified           $2,703.0 260.4%  60.9% 16.0% $14,060.0 38.1% 19.2% 
  2   2 Dow Chemical              14,055.0  12.2  70.2 Basic chemicals        1,797.0  132.5   76.6  12.8  13,288.0  50.1  13.5 
  3   3 Exxon                     10,963.0   9.4   9.6 Petroleum              1,262.0   97.8   16.0  11.5   8,778.0  10.0  14.4 
  4   4 Hoechst Celanese           7,027.0  10.7  90.2 Basic chemicals          692.0   23.4  158.0   9.8        na    na    na 
  5   5 Monsanto                   5,939.0   5.1  71.8 Basic chemicals          780.0    6.7   84.5  13.1   5,535.0  62.3  14.1 
  6   6 General Electric(d)        5,681.0  12.7   9.5 Diversified              967.0   15.9   10.0  17.0   8,628.0   4.4  11.2 
  7   7 Union Carbide              4,865.0   4.8 100.0 Basic chemicals          551.0   85.5  100.0  11.3   4,809.0  95.6  11.5 
  8   8 Occidental Petroleum       4,681.0  15.2  49.7 Petroleum                368.0  100.0   56.4   7.9   5,935.0  33.0   6.2 
  9  12 Amoco                      4,662.0  23.6  15.4 Petroleum                684.0  113.1   26.2  14.7   4,375.0  14.9  15.6 
 10  10 Eastman Chemical           4,329.0  10.9 100.0 Basic chemicals          636.0   33.6  100.0  14.7   4,375.0 100.0  14.5 
 11   9 BASF                       4,285.0   6.2  77.5 Basic chemicals             na     na     na    na        na    na    na 
 12  14 Mobil                      4,195.0  18.7   6.2 Petroleum                 82.0  228.0    2.0   2.0   3,672.0   8.8   2.2 
 13  11 Shell Oil                  4,075.0   5.2  18.8 Petroleum                303.0   -7.6   34.4   7.4   4,520.0  17.1   6.7 
 14  13 ICI Americas               4,004.0   6.5 100.0 Basic chemicals             na     na     na    na        na    na    na 
 15  15 Rohm and Haas              3,534.0   8.1 100.0 Basic chemicals          487.0   82.4  100.0  13.8   3,461.0  89.6  14.1 
 16  16 Arco Chemical              3,423.0   7.2 100.0 Basic chemicals          475.0   11.8  100.0  13.9   3,737.0 100.0  12.7 
 17  30 Huntsman Chemical          3,400.0  83.8 100.0 Basic chemicals             na     na     na    na        na    na    na 
 18  20 AlliedSignal(d)            3,272.0  17.2  25.5 Diversified              409.0   32.4   35.5  12.5   2,562.0  22.6  16.0 
 19  19 W.R. Grace                 3,218.2  11.1  63.2 Specialty chemicals      338.0  -13.8   57.6  10.5   2,364.0  37.9  14.3 
 20  18 Air Products(e)            3,150.3   8.4  90.4 Basic chemicals          528.5   26.7  108.7  16.8   4,010.7  79.6  13.2 
 21  21 Chevron                    3,065.0  13.2   8.7 Petroleum                322.0   43.1   10.9  10.5   2,403.0   7.0  13.4 
 22  26 Akzo-Nobel(d)              2,989.0  18.2 100.0 Basic chemicals          249.9   19.1  100.0   8.4        na    na    na 
 23  22 Ashland Oil(e)             2,885.0  11.6  27.9 Petroleum                125.0   15.7   34.1   4.3        na    na    na 
 24  25 Phillips Petroleum(d)      2,793.0  -4.3  22.9 Petroleum                323.0  185.8   25.7  11.6   2,071.0  18.1  15.6 
 25  23 Ciba-Geigy                 2,751.0   9.2  57.2 Specialty chemicals         na     na     na    na        na    na    na 
 26  24 Praxair                    2,711.0  11.2 100.0 Basic chemicals          447.0   31.1  100.0  16.5   3,520.0 100.0  12.7 
 27  54 Hanson                     2,697.7 180.9  28.9 Diversified              346.9   91.2   32.8  12.9        na    na    na 
 28  27 Rhone-Poulenc              2,300.0   4.5 100.0 Specialty chemicals         na     na     na    na        na    na    na 
 29  28 Dow Corning                2,204.6   7.9 100.0 Specialty chemicals      318.9   35.2  100.0  14.5   4,093.2 100.0   7.8 
 30  33 National Starch            2,100.0  16.1 100.0 Specialty chemicals      295.8    2.9  100.0  14.1   2,029.0 100.0  14.6 
 31  34 Great Lakes Chemical       2,065.0  15.2 100.0 Specialty chemicals      435.9    5.0  100.0  21.1   2,111.5 100.0  20.6 
 32  31 Hercules                   2,026.0   9.9  71.8 Basic chemicals          345.0   36.9   82.3  17.0   1,495.0  70.5  23.1 
 33  32 FMC                        1,927.3   4.9  48.1 Machinery                273.3   38.6   59.8  14.2   1,638.2  48.9  16.7 
 34  39 Lyondell Petrochemical     1,783.0  34.5  46.2 Petroleum products       413.0  624.6   97.4  23.2     925.0  55.6  44.6 
 35  35 Elf Atochem                1,600.0  -5.9 100.0 Basic chemicals             na     na     na    na        na    na    na 
 36  36 Lubrizol                   1,598.9   4.8 100.0 Specialty chemicals      223.2   17.5  100.0  14.0   1,394.4 100.0  16.0 
 37  42 Solvay America             1,450.0  20.8 100.0 Basic chemicals             na     na     na    na        na    na    na 
 38  58 IMC Global(f)              1,441.5  60.7 100.0 Agrochemicals            167.3  324.6  100.0  11.6   2,778.3 100.0   6.0 
 39  40 Morton International(f)    1,369.6   7.5  48.1 Specialty chemicals      193.6   43.0   54.1  14.1   1,370.2  55.6  14.1 
 40  38 Nalco Chemical             1,345.6  -3.2 100.0 Specialty chemicals      174.7  -33.5  100.0  13.0   1,282.2 100.0  13.6 
 41  41 Witco                      1,338.1   8.6  60.1 Specialty chemicals      127.0   17.4   62.8   9.5   1,101.5  57.4  11.5 
 42  44 International Flavors      1,315.2  10.7 100.0 Specialty chemicals         na     na     na    na        na    na    na 
 43  45 PPG Industries             1,296.0  12.7  20.5 Glass products           227.0   64.5   23.6  17.5   1,117.0  19.0  20.3 
 44  43 Cabot(e)                   1,241.1   4.1  73.9 Basic chemicals          165.9   11.3   90.0  13.4   1,172.2  72.5  14.2 
 45  52 Geon                       1,208.6  24.3 100.0 Basic chemicals          102.1  321.9  100.0   8.4     791.7 100.0  12.9 
 46  46 Olin                       1,195.0   7.0  45.0 Basic chemicals             na     na     na    na   1,037.0  51.1     0 
 47  57 CF Industries              1,182.9  30.6 100.0 Agrochemicals            156.3    def  100.0  13.2   1,113.9 100.0  14.0 
 48  59 Farmland Industries(g)     1,172.9  31.4  17.6 Agricultural supplies    126.0  157.7   81.3  10.7     357.2  18.5  35.3 
 49  61 BF Goodrich                1,148.9  19.3  52.2 Basic chemicals          110.8   94.4   61.7   9.6     908.6  36.8  12.2 
 50  49 Henkel                     1,120.9   9.4 100.0 Specialty chemicals         na     na     na    na        na    na    na 
 51  63 Arcadian Partners          1,101.5  37.8 100.0 Agrochemicals            144.1  109.4  100.0  13.1   1,048.7 100.0  13.7  
 52  50 Cytec                      1,101.3  13.5 100.0 Basic chemicals           68.5  218.6  100.0   6.2   1,199.4 100.0   5.7 
 53  51 H. B. Fuller(h)            1,097.4  12.5 100.0 Specialty chemicals       65.9   23.2  100.0   6.0     742.6 100.0   8.9 
 54   - Albemarle                  1,080.9  19.6 100.0 Specialty chemicals       94.0   93.0  100.0   8.7   1,139.2 100.0   8.3 
 55  29 Ethyl                      1,019.0 -47.4 100.0 Basic chemicals          167.7    0.1  100.0  16.5   1,030.4 100.0  16.3 
 56  55 Engelhard                    978.5   7.5  41.0 Diversified              168.9   23.4   82.1  17.3     885.1  61.4  19.1 
 57  66 Georgia Gulf                 955.3  24.2 100.0 Basic chemicals          230.2  108.3  100.0  24.1     508.4 100.0  45.3 
 58  56 Uniroyal Chemical            946.5   4.3 100.0 Specialty chemicals      114.8    4.6  100.0  12.1   1,056.0 100.0  10.9 
 59  65 Aristech                     945.4  19.9 100.0 Basic chemicals             na     na     na    na        na    na    na 
 60  60 Wellman                      936.1  11.2 100.0 Basic chemicals          121.7   59.3  100.0  13.0   1,040.6 100.0  11.7 
 61  62 CBI Industries               907.3   9.8  48.0 Construction             127.6   13.3   79.5  14.1   1,238.9  61.7  10.3 
 62  64 Fina                         888.7  12.0  26.0 Petroleum                171.2  183.4   94.6  19.3     420.9  16.9  40.7 
 63  68 NL Industries                770.1  10.5  86.7 Basic chemicals           80.5  123.0   72.3  10.5     950.2  81.7   8.5 
 64  70 Freeport-McMoRan             730.4  17.9  36.8 Agrochemicals            123.8    def   33.4  16.9   1,083.4  24.8  11.4 
 65  67 Vista Chemicals(f)           725.4   3.5 100.0 Basic chemicals             na     na     na    na        na    na    na 
 66  69 Betz Laboratories            708.3   3.4 100.0 Specialty chemicals      117.5   16.0  100.0  16.6     555.5 100.0  21.2 
 67  72 Loctite                      703.6  14.9 100.0 Specialty chemicals      113.9   18.4  100.0  16.2     669.1 100.0  17.0 
 68  76 Sterling Chemical            700.8  35.1 100.0 Basic chemicals           47.8  210.4  100.0   6.8     575.1 100.0   8.3 
 69  71 Sigma-Aldrich                686.3  11.9  80.6 Specialty chemicals      149.4    0.6   87.7  21.8     746.9  87.7  20.0 
 70  84 Borden Chemicals             657.8  51.8 100.0 Basic chemicals          190.4 1,053.9  100.0  28.9     542.9 100.0  35.1 
 71  73 Kerr-McGee                   639.0  14.9  19.1 Petroleum                 92.0   31.4   37.6  14.4     735.0  19.9  12.5 
 72  74 Intl. Specialty Products     600.0   9.4 100.0 Specialty chemicals       99.2   52.4  100.0  16.5   1,251.0 100.0   7.9 
 73  77 Union Camp                   575.9  11.0  17.0 Diversified               67.2   37.4   24.5  11.7     437.7   9.2  15.4 
 74  75 GenCorp                      569.0   9.6  32.7 Rubber products           51.0    8.5   47.2   9.0     321.0  22.1  15.9 
 75   - Degussa                      560.0  16.4  27.3 Specialty chemicals         na     na     na    na        na    na    na 
 76  79 Huls America                 552.0  10.4 100.0 Specialty chemicals         na     na     na    na        na    na    na 
 77  85 Rexene                       537.9  25.3 100.0 Basic chemicals           75.1  417.9  100.0  14.0     506.9 100.0  14.8 
 78  80 Aluminum Co. of America      502.7   5.1   5.1 Nonferrous metals           na     na     na    na        na    na    na 
 79  81 Unocal                       484.0   5.2   6.1 Petroleum                 81.0   24.6   27.6  16.7     372.0   4.0  21.8 
 80  82 Ferro                        483.9   7.8  40.5 Specialty materials       13.7  -42.4   15.6   2.8     278.2  34.7   4.9 
 81  83 Stepan                       443.9   1.2 100.0 Specialty chemicals       22.5   14.8  100.0   5.1     324.9 100.0   6.9 
 82  86 Lonza                        440.0   4.8 100.0 Specialty chemicals         na     na     na    na        na    na    na 
 83  88 Mallinckrodt                 436.9  10.5  22.5 Health care products      61.7   34.4   21.5  14.1     574.9  23.6  10.7 
 84  78 Merck                        422.2 -17.3   2.8 Drugs                       na     na     na    na        na    na    na 
 85  90 Vulcan Materials             410.5   8.9  32.8 Nonmetallic minerals         0 -100.0      0     0     389.5  33.0     0 
 86   - OSi Specialties              400.7  12.6 100.0 Specialty chemicals       51.8   82.4  100.0  12.9     423.0 100.0  12.2 
 87  87 Crompton & Knowles           393.6  -3.4  66.7 Specialty chemicals       60.8  -10.7   64.4  15.4     313.5  74.1  19.4 
 88  89 Sun Co.                      379.0  -2.5   3.9 Petroleum                   na     na     na    na        na    na    na 
 89  97 Terra Industries             366.8  60.2  22.0 Agrochemicals             91.0  217.1   78.9  24.8   1,060.4  62.8   8.6 
 90  91 Petrolite(i)                 344.8   3.7  93.4 Specialty chemicals       26.2  -11.8   88.8   7.6     260.9  82.9  10.0 
 91  95 Georgia-Pacific              334.0  25.1   2.6 Wood products               na     na     na    na        na    na    na 
 92  93 First Mississippi(f)         325.0  14.0  64.0 Agrochemicals             55.1   46.2  111.3  17.0     177.5  47.0  31.0 
 93  92 Mississippi Chemical         309.4   7.0 100.0 Farm cooperative          26.9   18.5  100.0   8.7     298.4 100.0   9.0 
 94  96 Terra Nitrogen               300.3  15.6 100.0 Agrochemicals             87.6   65.3  100.0  29.2        na    na    na 
 95  94 Calgon Carbon                274.2   1.8 100.0 Basic chemicals           25.0  -24.2  100.0   9.1     343.5 100.0   7.3 
 96  98 Nova                         249.3  17.9 100.0 Basic chemicals             na     na     na    na        na    na    na 
 97  99 Cambrex Corp.                241.6  22.5 100.0 Specialty chemicals       20.9   25.9  100.0   8.7     360.5 100.0   5.8 
 98   - Sequa                        240.2  11.8  16.9 Diversified               43.3   20.9  108.8  18.0     149.4   9.1  29.0 
 99   - Harris Chemical(j)           198.3 -11.4  43.7 Basic chemicals             na     na     na    na        na    na    na 
100 100 Quaker Chemical              194.7  -0.2 100.0 Specialty chemicals       19.5   17.5  100.0  10.0     127.2  74.7 15.3

a Operating profit is sales less administrative expenses and cost of sales.
b Chemical operating profit as a percentage of sales. 
c Chemical operating profit as a percentage of identifiable chemical assets.
d Chemical sales include significant amounts of nonchemical products. 
e Fiscal year ended Sept. 30. 
f Fiscal year ended June 30.
g Fiscal year ended Aug. 31. 
h Fiscal year ended Nov. 30. 
i Fiscal year ended Oct. 31. 
j Fiscal year ended March 26. 
na=not available. 
def=deficit.

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