NEW YORK and LONDON, September 15 /PRNewswire/ -- ICIS Chemical Business magazine has unveiled the ICIS Top 100 Chemical Companies, featuring the world's top chemical players ranked by annual sales.
According to the ICIS Top 100 listing of chemical company financial performance, published in the September 15 issue of ICIS Chemical Business, sector sales rose by 11% in 2007 in local currency terms and 18% when converted to US dollars.
Operating profits across the sector climbed by more than 12%. The average operating margin increase was 6%.
"Riding the rollercoaster of soaring energy and commodity prices, global chemical industry players performed remarkably well in 2007," said Nigel Davis, Insight Editor at ICIS.