BASF and AkzoNobel downgrade earnings expectations
BASF SE said on Monday (June 27) that BASF expects the overall profitability of the chemical industry to decline. This forecast is basically in line with the warning issued by BASF’s rival Akzo Nobel on Monday.
BASF expects the sales growth of the company in 2011 to be significantly higher than the 2010 revenue of 814 million euros.
The further increase in the cost of raw materials and the lack of market demand led AkzoNobel to announce its fiscal year profit forecast on Monday (June 27). Akzo Nobel took the lead on the day and the stock recently fell by 10.4%. AkzoNobel's profit warning also weighed on BASF's drop of 1.1%.
Product name: Acetylated Distarch Adipate
Storage method: cool, ventilated and sealed in a dry place
Net weight: 25kg
Shelf life: 12 months
Product advantages
E1422 can be used as thickener, stabilizer and coagulant.
1. High stability under acid, alkali and salt conditions
2. Good gloss, smooth and fine, without drawing
3. Water retention, strong freeze-thaw property
4. Low gelatinization temperature, stable viscosity, strong thickening, low dosage and low cost.
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