Despite the headwinds blowing in the sector, many European chemicals manufacturers manage to hold their own. euros).
The results of French Arkema have more than doubled (329 million euros) between January and March.
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However, chemicals are undoubtedly one of the sectors most affected by the collateral damage of the war in Ukraine, starting with the soaring prices of gas and electricity, but also of raw materials and transport.
Some prices have even doubled in a short time (for European gas or transport).
But Solvay and Arkema managed to significantly increase their selling prices (+31.5% for Arkema in the first quarter).
This allows them to offset the surge in inflation.
Sectors shut down
“The situation is quite unprecedented and we have no choice but to pass on the cost increases
, explains…
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