Functional Chemicals key developments 2014
- Revenue growth was driven by strong market positions and use of existing assets, despite challenging market circumstances, mainly in Europe. Trading conditions in Asia and the Americas were more positive
- Significant financial improvements were delivered through dedicated efforts to improve both fixed and variable cost positions. Increased production levels at our Ningbo multi-site in China supported production for the Ethylene Amines, Organic Peroxides, Performance Additives and Chelates and Micronutrients businesses
- We modernized and are expanding our Organic Peroxides facility in Mons, Belgium
- We successfully commercialized our StimWell product range for oilfield and gas industries
- In Mexico, investment in our Los Reyes site is helping PVC producers to improve safety and product quality through patented continuous initiator dosing (CiD) technology
- In line with the strategic focus on five main chemical platforms, we restructured Functional Chemicals into an Ethylene and Sulfur Derivatives business (China), and a Polymer Chemistry business (US), effective January 1, 2015
Chemical platform
Polymer chemistry and Ethylene oxide network
Some of our customers
- Air Products (EA)
- Fenzi (SD)
- FMC Corporation (performance additives)
- Formosa (OP/OMS)
- Henkel (SD, PA, EA, chelates)
- Proctor and Gamble
- (P&G) (salt)
- Sabic (OP)
- Yara (chelates)
Top raw materials
- Ethylene
- Acid chlorides, Chloroformates
- Polymer emulsions
- Ammonia, HCN
- Sulfur
Key cost drivers
- Ethylene
- Energy
- Sulfur
- Salt
Revenue in € millions
Geo-mix revenue by destination in %
Key brands
