Abstract
Even as chemical industry sales slow, earnings decline, and profitability wanes, industry capital spending is headed for double-digit increases in 1997, according to C&EN's annual survey of significant chemical producers. All but one of 19 major companies C&EN just polled plan to increase worldwide capital spending in 1997 an average of 10% from 1996, to $7.2 billion. Dow Chemical, the largest U.S. chemical producer, was unable to supply a capital spending figure at this time. However, of the 18 large-and medium-sized chemical companies that could supply 1997 spending projections, 12 said they plan at least double-digit increases, ranging from 11 to 143%. The rest plan more modest increases, no increases, or significant decreases from 1996 capital spending. All 19 companies estimate that their plant and equipment spending this year increased an average of 5% from 1995 to a total of nearly $8 billion. The last time spending levels for the group of companies was ...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
