Novozymes Inc solid 1Q 2011 sales, earnings and cash flow

• Book ID: 104390704
• Publisher: Elsevier Science
• Year: 2011
• Weight: 72 KB
• Volume: 2011
• Category: Article
• ISSN: 1351-4210
• DOI: 10.1016/s1351-4210(11)70214-1

✦ Synopsis

market for surfactants is Brazil. According to consultancy Frost & Sullivan, Brazil's anionic surfactants market was estimated at $788 M (€541 M) in 2010, up 5.8% year on year, driven by the personal care sector. The market is expected to grow by more than 5%/y to $1.1 bn by 2017. Another factor behind the price gain is the growing use of agricultural crops for biofuel production.