BASF topped the list again with the release of the top 50 global chemicals in 2008 from the Journal of chemistry and engineering of the American Chemical Society. The ranking is based on the sales and profit performance of each company in 2008. According to the statistical results, the total sales volume of the top 50 chemical companies increased by 9.6% over the previous year, reaching US $892billion, including the factor that high oil prices triggered product price increases. Judging from the profit indicators of the top 50, we clearly feel the impact of the economic downturn. The total profit of the top 50 chemical companies fell to US $60billion, down nearly 27%, and the average profit margin index also fell sharply from 10.3% in 2007 to 7.5% in 2008
BASF still ranks first, followed by Dow again.
German chemical giant BASF once again ranks first among the world's top 50 chemical companies with chemical product sales of US $70.5 billion, which has been the company's first place for six consecutive years. BASF's sales revenue in 2008 decreased by less than 1% compared with the previous year; The profit index fell by 40% to $3.9 billion. The vast majority of the company's profits should not play a decisive role in the measurement of tension accuracy. The position of the newly adjusted oil needle comes from the chemical business, but from its Windsor oil and natural gas exploration business
Dow Chemical has once again become the second largest chemical company in the world. The sales volume of the company in 2008 reached 58billion US dollars, an increase of 7.5% over the previous year; However, its profit index fell sharply by 44.1% from the previous year to $2.2 billion
BASF and Dow Chemical are likely to rank first and second again on the list next year, because both companies completed a major merger in April this year. BASF bought Ciba Specialty Chemicals, a special chemical manufacturer. 2 for the latter, we reported that the sales revenue of a multifunctional ceramic graphene metamaterial in 2008 was $5.5 billion, which did not enter the top 50 list; Dow Chemical took Rohm and Haas, which ranked 42nd this year with a sales revenue of $8.4 billion
great contribution to oil refining business mergers and acquisitions led to a change in the ranking
the third place is still the British Ineos group, whose sales revenue in 2008 was $47billion, and the oil refining business made a huge contribution. Shell retreated to 11th place from the third place last year, because the sales revenue of its non chemical business was deducted from this year's statistics—— "Green manufacturing" and other cleaner production processes are becoming more and more popular
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