LONDON and NEW YORK, September 18, 2018 /PRNewswire/ --
China-based Wanhua Chemical has been named the ICIS Company of the Year, based on 2017 financial metrics.
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The ICIS Company of the Year analysis is based on year-on-year growth in sales, profits and margins for the leading global chemical producers, also taking into account the absolute level of returns at the operating and at the net level relative to sales and total assets.
"We congratulate Wanhua Chemical, the first China-based company to receive this accolade. With strong profitability in polyurethanes intermediates, the company has been able to buck the negative trend in the overall Chinese equity market," said Joseph Chang, Global Editor of ICIS Chemical Business.
"The company has been growing fast and has ambitious plans to increase production in China and the US. In 2017, Wanhua produced sales growth of 73% to $8.01bn while operating profits of 2.61bn were up by 200%. Net profits rose significantly and the company's returns on sales and assets were much higher," said Nigel Davis, ICIS Insight Editor.
The ICIS Company of the Year is the 3rd part in the ICIS Top 100 Chemical Companies series, which comprises the Top 100 listing as Part 1 published in the August 31 issue, and the Regional Leaders as Part 2 published in the September 7 issue of ICIS Chemical Business magazine.
Click here to download the ICIS Top 100 Chemical Companies listing, along with the ICIS Company of the Year article, and the Regional Leaders.
About ICIS
ICIS Chemical Business is part of ICIS.
ICIS is the world's largest petrochemical market information provider, with divisions spanning energy and fertilizers. Our aim is to give companies in global commodities markets a competitive advantage by delivering valuable information and analytics tools which enable our customers to identify and react to opportunities in markets which are constantly evolving. We have more than 30 years' of experience in providing pricing intelligence and news, forecast data, market analytics and independent consulting to buyers, sellers and analysts.
With a global staff of more than 600, ICIS has employees based in London, Houston, New York, Singapore, Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS' team of journalists is engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information, part of RELX Group.
About Reed Business Information
Reed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation, where we help customers make key strategic decisions every day. RBI is part of RELX Group, a global provider of information and analytics for professional customers across industries.
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About RELX Group
RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs about 30,000 people of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX
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Media Contact:
For editorial enquiries, contact:
Joseph Chang
Global Editor
ICIS Chemical Business
T: +1-212-791-4224
joseph.chang@icis.com
SOURCE ICIS
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