Palm & lauric oil price outlook for 2010 with special reference to India
- Book ID
- 104390366
- Publisher
- Elsevier Science
- Year
- 2010
- Weight
- 62 KB
- Volume
- 2010
- Category
- Article
- ISSN
- 1351-4210
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✦ Synopsis
America and Europe, with growth not only in consumer laundry and cleaning but also in sales of functional surfactants used in housing, oilfield and agricultural products, indicating a recovery in these market sectors. However, net income for the quarter fell 13%, which Stepan attributes to lower margins in Europe and higher production, admin and research expenses. The last two items are directly related to its investment in growth opportunities. Admin expenses were higher due to the recent acquisitions. Research expenses rose as the company has increased headcount to support product innovation, and because of the higher regulatory workload entailed by the European REACH product registration initiative, an issue of current relevance to all in the chemicals industry.