C&EN: COVERSTORY - COUNTING PENNIES - TABLE 2

February 3, 2003
Volume 81, Number 5
CENEAR 81 5 pp. 17-21
ISSN 0009-2347

PLANTS & EQUIPMENT

Major U.S. chemical firms will eke out a spending increase in 2003

TOTAL WORLDWIDE

PLANNED ACTUAL PLANNED CHANGE

$ MILLIONS 1997 1998 1999 2000 2001 2002^a 2002^b 2003^c 2001–02^d 2002–03^e

Air Products^f $870 $771 $889 $768 $708 $708 $628 $650 –11.3% 3.5%

Albemarle 85 71 78 52 50 55 38 43 –24.0 13.2

Cabot^f,g 163 187 166 137 122 200 146 150 19.7 2.7

Cambrex 36 43 31 39 43 45 43 53 0.0 23.3

Crompton^h 50 67 132 155 137 115 100 115 –27.0 15.0

Cytec Industries 91 104 77 77 64 74 60 100 –6.3 66.7

Dow Chemicalⁱ 1,198 1,546 1,412 1,349 1,587 1,600 1,600 1,300 0.8 –18.8

Eastman Chemical 749 500 292 226 234 292 258 320 10.3 24.0

Ethyl 44 23 14 14 10 na 15 15 50.0 0.0

H.B. Fuller 69 62 56 49 31 43 36 40 16.1 11.1

W.R. Grace 259 101 83 65 63 90 90 105 42.9 16.7

Great Lakes^j 133 161 119 157 166 95 73 77 –56.0 5.5

Hercules 119 157 196 187 63 60 43 57 –31.7 32.6

IMC Global 244 368 248 118 123 140 140 140 13.8 0.0

Lubrizol 101 93 65 86 66 85 65 95 –1.5 46.2

PPG Industries 466 487 490 561 291 300 250 300 –14.1 20.0

Rohm and Haas 254 229 323 391 401 na 395 350 –1.5 –11.4

Solutia 165 158 257 221 94 na 70 70 –25.5 0.0

3M 1,406 1,430 1,039 1,115 980 1,000 800 900 –18.4 12.5

TOTAL $6,502 $6,558 $5,967 $5,767 $5,233
$4,850

$4,880
–7.3% 0.6%

ANNUAL CHANGE –2.4% 0.9% –9.0% –3.4% –9.3% –7.3% 0.6% -- --

a January 2002 estimates. b January 2003 estimates. c Budget for 2003. d From 2001 actual to January 2003 estimate. e From January 2003 estimate to 2003 budget. f Fiscal year ends Sept. 30. g Beginning in 2000, excludes Cabot Microelectronics and liquefied natural gas business. h Figures reflect acquisition of Witco in September 1999. i Beginning in 2001, includes Union Carbide, acquired February 2001. j From 2002, excludes Osca Energy Services and Fine Chemicals. na = not available.

BACK TO STORY

Top

TOTAL WORLDWIDE
						PLANNED	ACTUAL	PLANNED	CHANGE
$ MILLIONS	1997	1998	1999	2000	2001	2002^a	2002^b	2003^c	2001–02^d	2002–03^e
Air Products^f	$870	$771	$889	$768	$708	$708	$628	$650	–11.3%	3.5%
Albemarle	85	71	78	52	50	55	38	43	–24.0	13.2
Cabot^f,g	163	187	166	137	122	200	146	150	19.7	2.7
Cambrex	36	43	31	39	43	45	43	53	0.0	23.3
Crompton^h	50	67	132	155	137	115	100	115	–27.0	15.0
Cytec Industries	91	104	77	77	64	74	60	100	–6.3	66.7
Dow Chemicalⁱ	1,198	1,546	1,412	1,349	1,587	1,600	1,600	1,300	0.8	–18.8
Eastman Chemical	749	500	292	226	234	292	258	320	10.3	24.0
Ethyl	44	23	14	14	10	na	15	15	50.0	0.0
H.B. Fuller	69	62	56	49	31	43	36	40	16.1	11.1
W.R. Grace	259	101	83	65	63	90	90	105	42.9	16.7
Great Lakes^j	133	161	119	157	166	95	73	77	–56.0	5.5
Hercules	119	157	196	187	63	60	43	57	–31.7	32.6
IMC Global	244	368	248	118	123	140	140	140	13.8	0.0
Lubrizol	101	93	65	86	66	85	65	95	–1.5	46.2
PPG Industries	466	487	490	561	291	300	250	300	–14.1	20.0
Rohm and Haas	254	229	323	391	401	na	395	350	–1.5	–11.4
Solutia	165	158	257	221	94	na	70	70	–25.5	0.0
3M	1,406	1,430	1,039	1,115	980	1,000	800	900	–18.4	12.5
TOTAL	$6,502	$6,558	$5,967	$5,767	$5,233		$4,850	$4,880	–7.3%	0.6%
ANNUAL CHANGE	–2.4%	0.9%	–9.0%	–3.4%	–9.3%		–7.3%	0.6%	--	--
a January 2002 estimates. b January 2003 estimates. c Budget for 2003. d From 2001 actual to January 2003 estimate. e From January 2003 estimate to 2003 budget. f Fiscal year ends Sept. 30. g Beginning in 2000, excludes Cabot Microelectronics and liquefied natural gas business. h Figures reflect acquisition of Witco in September 1999. i Beginning in 2001, includes Union Carbide, acquired February 2001. j From 2002, excludes Osca Energy Services and Fine Chemicals. na = not available.