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Article: HOECHST CELANESE REPORTS FIRST QUARTER FINANCIAL RESULTS
- Article from:
- PR Newswire
- Article date:
- May 6, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SOMERVILLE, N.J., May 6 /PRNewswire/ -- Hoechst Celanese Corporation today reported first-quarter net earnings of $53 million compared with $72 million for the same period last year. Net sales for the quarter were $1.75 billion compared with $1.88 billion for the first quarter of 1995.
"Our first quarter earnings declined as a result of a slowing economy that drove down prices for our commodity chemicals and volumes for some of our fibers, resins and film businesses," said Thomas F. Kennedy, president and chief executive officer. "Our technical polymers, technical fibers and cellulose acetate businesses performed well as did several of our specialty chemicals ...
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Article: Fuisz Signs Letter of Intent With Hoechst Celanese.
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May 28, 1996 ;
700+ words
... ... Germany, under which Hoechst Celanese will be the exclusive ... Fuisz Technologies. Hoechst Celanese Corporation, with ... Group of Germany, Hoechst Celanese holds leading positions ... chemicals, fibers and technical polymers. The Hoechst Group ...
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