LONDON and NEW YORK, September 5, 2017 /PRNewswire/ --
ICIS Chemical Business magazine has published its annual ICIS Top 100 Chemical Companies, a global listing of producers ranked by 2016 sales.
The ICIS Top 100 Chemical Companies ranking, sponsored by U.S. Chemicals, a Maroon Group company, is available for download as a PDF at http://www.icis.com/pages/icis-top-100-chemical-companies .
Germany's BASF again maintains its position as the world's leading chemical company with $60.1bn in sales in 2016, followed by China's Sinopec at #2 with $48.3bn and US-based Dow Chemical closely behind at #3 with $48.2bn. Saudi Arabia's SABIC stays at the #4 slot with $35.4bn in sales, while INEOS jumps up to #5 with $32.9bn in revenues.
Currency conversions to US dollars for the ranking were based on year-end 2016 exchange rates, or rates at the end of the company's fiscal year.
It was a mixed performance in terms of sales in 2016, with a number of the ICIS Top 100 Chemical Companies experiencing sales declines spurred by lower crude oil prices as well as portfolio changes.
"While top line growth was challenging in 2016, chemical companies did far better in increasing operating profits and net income," said Joseph Chang, Global Editor of ICIS Chemical Business. "On the M&A front, with a number of mega deals closing and expected to close through the rest of 2017 and 2018, there should be a significant shift in future rankings."
The Top 100 listing illustrates the ways in which companies have reacted to continued relatively subdued chemicals demand growth globally and a volatile raw material costs and product price environment, noted Nigel Davis, ICIS Insight Editor.
"For the full year, volume growth was not always achieved, and certainly not at the level that many companies might have wished for," he said.
The ICIS Top 100 Chemical Companies series of special reports runs over three consecutive weekly issues.
The September 8 issue of ICIS Chemical Business will feature the geographic leaders in North America, Latin America, Europe, Asia, and the Middle East & Africa.
The September 15 issue will highlight the ICIS Company of the Year based on financial metrics.
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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.
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 approximately 30,000 people, of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately £33.3bn/€36.3bn/$43.1bn.
About Maroon Group
Maroon Group continues to be one of the fastest growing specialty chemical and ingredient distributors in North America. Based in Avon, Ohio in the US, Maroon Group thrives on creating success for customers by forming partnerships with global manufacturers and supplying world-class products and value-add service offerings. Maroon Group operating companies include Addipel, Cadence Chemical, CNX Distribution, DB Becker, Lincoln Fine Ingredients, Maroon, Polyram USA and U.S. Chemicals. The Company continues to aggressively explore opportunities to expand via organic growth and strategic acquisitions. Additional information about Maroon Group and each of our companies can be found at http://www.maroongroupllc.com.
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