Commission shall, wherever possible,use European standards. The powerto adopt delegated acts is conferredon the Commission subject to theconditions laid down in this Article.Member States shall not prohibit,restrict or impede the makingavailable on the market of detergents,and/or of surfactants for detergents,which comply with the requirementsof this Regulation, on grounds thatare dealt with in this Regulation. TheCommission shall make publiclyavailable the list of national measuresreferred to in paragraphs 3 and 4.Article 16 is replaced. Member Statesshall lay down the rules on penaltiesapplicable to infringements of thisRegulation and shall take allmeasures necessary to ensure thatthey are implemented. ThisRegulation is now in force and isbinding in its entirety and directlyapplicable in all Member States.
Original Source: Official Journal of the EuropeanUnion L Legislation, 30 Mar 2012, 55 (L94), 16-21(Website: http://eur-lex.europa.eu/JOIndex.do) © European Union 2012
COMPANYRESULTS
Huntsman reports record earnings in1Q 2012
Huntsman reported 1Q ended Mar2012 results with revenues of $2913M, 9% higher than in 1Q 2011. Netincome attributable to HuntsmanCorp increased to $163 M for 1Q2012 compared to $62 M in 1Q 2011.Adjusted EBITDA improved 31% to$397 M during 1Q 2012. Thecompany’s Performance Productsdivision posted revenues of $807 M in1Q 2012 ($804 M in 1Q 2011) withthe small increase primarily due tohigher sales volumes partially offsetby lower average selling prices. Salesvolumes increased primarily due tothe consolidation of the maleicanhydride joint venture with Sasol inGermany, partially offset by lowerdemand for amines and surfactants,Huntsman reports. Average sellingprices decreased primarily due to thesales mix, competitive marketpressure for certain amines and inresponse to lower raw material costsfor certain products. Adjusted
EBITDA for the division fell 22% to$90 M, primarily due to lowercontribution margins and highermanufacturing and SG&A costs.
Original Source: Huntsman Corp, 10003 WoodlochForest Drive, The Woodlands, TX 77380, USA, tel: +1281 719 6000, website: http://www.huntsman.com (1 May 2012) © Huntsman International LLC 2012
Novozymes 1Q 2012: Household CareEnzyme sales
In 1Q 2012 Novozymes reported aturnover of DKR 2.73 bn (€368 M).This was an increase of 2% over 1Q2012 but was down by 1% whencurrency effects were excluded. EBITof DKR 680 M was higher than theforecast of DKR 670 M. HouseholdCare Enzymes 1Q sales increased by10% in DKR to DKR 913 M from DKR830 M in 1Q 2011. The solid salesgrowth was driven by a continuedincrease in enzyme penetrationacross detergent tiers to enhancewash performance, enable lowtemperature washing and replacetraditional chemicals in detergentformulations. Sales of HouseholdCare enzymes to the emergingmarkets continued to be a significantdriver of growth.
Original Source: Novozymes A/S, Krogshojvej 36,2880 Bagsvaerd, Denmark, tel: +45 4446 0000, fax:+45 4446 9999, e-mail: [email protected],website: http://www.novozymes.com (25 Apr 2012)© Novozymes 2012
Unilever 1Q 2012 results boosted byemerging markets
For its 1Q ended Mar 2012, UnileverPLC’s turnover increased by 11.9% to€12.1 bn. Underlying sales growthwas 8.4% (compared with the 6.4%predicted by analysts), with emergingmarkets up 11.9% and developedmarkets up 4.2%; all categoriescontributed to growth in 1Q 2012.Underlying volume growth was 3.5%,while pricing was up 4.7% for 1Q2012. For 1Q 2012 turnover frompersonal care was €4260 M and fromhome care €2198 M. Geographicalturnover for 1Q 2012 was: €4823 Mfrom Asia/AMET/RUB; €4091 M fromThe Americas; and €3230 M fromEurope. Business conditions remaindifficult; high raw material costs are aparticular burden. The company islooking for a slight rise in profits in 1H2012.
In a similar vein, the company’sIndia subsidiary Hindustan Unilever(HUL) has surpassed marketexpectations by posting 24% highernet profit at Rup 6.87 bn (c €96 M) ona 22% increase in net sales at Rup56.6 bn for its fiscal 4Q ended Mar2012 (net profit of Rup 5.52 bn on netsales of Rup 46.56 bn in 4Q endedMar 2011). The increase in profit isattributed to the strong volume growthof 10% besides exceptional gains ofRup 290 M. During 4Q 2011-2012,sales of HUL’s soaps and detergentsbusiness, which accounts for 48% ofits revenue, increased by 28% whilesales of personal care products,which accounts for 30% of turnover,increased by 17%. The company’sskin care and hair care productsrecorded double-digit growths in 4Q2011-2012.
Original Source: Business Standard, 2 May 2012, 14(259), I.2 (Website: http://www.business-standard.com/) © Business Standard Ltd 2012.Marketwire, 25 Apr 2012, (Website:http://www.marketwire.com)
Colgate-Palmolive makes more 1Qprofit
Toothpaste and household cleanerscompany Colgate-Palmolive had netprofits of $593 M in 1Q 2012,compared with $576 M a year earlier.Sales were up 5% at $4.2 bn; organicsales growth was 6.5% led by double-digit growth in emerging markets. Thecompany was able to increase salesvolumes (+3.5%) and pass on higherraw material costs via pricingincreases (+3.5%). The Sanexacquisition [Focus on Surfactants,May 2011] contributed 1.5% to salesand volume growth. Latin Americaaccounted for the largest share ofcompany sales in the quarter at 28%of the total, followed by GreaterAsia/Africa at 21%, Europe/SouthPacific 20% and North America 18%.
Original Source: Handelsblatt Wirtschafts- undFinanzzeitung, 27 Apr 2012, (83), 33 (Website:http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2012.Original Source: Colgate-Palmolive Co, 300, ParkAvenue, New York, NY 10022, USA, tel: +1 212 3102000, website: http://www.colgate-palmolive.com (26Apr 2012) © Colgate-Palmolive Company 2012
Procter & Gamble earns less
Procter & Gamble is being hit by highraw material prices and the companyhas reduced its forecast for the
JULY 2012 5
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