Basell pursues R&D in chemical catalysis

• Publisher: Elsevier Science
• Year: 2009
• Weight: 59 KB
• Volume: 2009
• Category: Article
• ISSN: 1351-4180
• DOI: 10.1016/s1351-4180(09)70166-7

✦ Synopsis

despite the fact that fourth-quarter sales will fall below those in the same period in 2007: the balance sheet is strong and debt is falling at an impressive rate. Work in its environmental technology arm will be increasingly led by legislative changes in the future, rather than the economy. A closer look at the company, however, and the investment case begins to unravel. The weak pound is underpinning the on-guidance performance, and one of Johnson Matthey's main industries, automotives, is suffering terribly, and without any end in sight. The company's shares have lost nearly 50% of their value in the past 12 months.