Readers last week were most interested in Wacker’s quarterly financial results: “Wacker Chemie AG recently announced that it finished the first quarter of 2022 with new highs in sales and earnings, generating sales of almost €2.1 billion (approximately $2.2 billion) in the reporting quarter. This represents a 53% increase compared to the same period last year (23% compared to the preceding quarter), with higher prices and positive product mix effects as the main growth drivers. Exchange-rate effects stemming from a stronger U.S. dollar year over year also increased sales somewhat.
“Wacker has raised its sales forecast for full-year 2022. Despite the significant risks to the global economy—due in particular to the impact of the war in Ukraine but also to the ongoing coronavirus pandemic—the company expects to continue on its growth trajectory in 2022. The company now forecasts group sales to come in at around €7.5 billion (~ $7.9 billion) for the year.”
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Top 5 News that Sticks for May 8-14
- Wacker Achieves Record Sales in 2022 First Quarter
- Bates Joins Advanced Adhesives
- Henkel to Invest in Sustainable Packaging Innovation Fund
- Arkema Obtains Certification for Bio-Based Materials
- Arkema Sees 30% Group Sales Increase in 2022 First Quarter
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media channels.