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Several chemical giants' 2021 annual financial reports are freshly released

 Last Update: 2022-03-07
 Source: Internet
 Author: User

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[ Hot Focus on Chemical Machinery and Equipment Network ] At present, the Spring Festival holiday has ended, and major enterprises have been busy with resuming work and production recently, and will continue to sprint towards the goals of the new year
.
Recently, global chemical giants such as LG Chem, Dow, and DuPont have successively announced their financial reports for the fourth quarter and full year of 2021.
Many companies have achieved new highs in performance and delivered satisfactory answers for the past 2021
.

Chemical machinery and equipment network hotspots focus on chemical machinery and equipment giants

LG Chem

In 2021, LG Chem's performance will reach a record high, with the company achieving sales of 42.
6547 trillion won (about 35.
5 billion US dollars), a year-on-year increase of 41.
9%; operating profit of 5.
255 trillion won (about 4.
4 billion US dollars), a year-on-year increase of 178.
4%
.
Among them, sales in the fourth quarter were 10.
9487 trillion won (about 9.
1 billion US dollars), a year-on-year increase of 23.
0%; operating profit was 748.
4 billion won (about 600 million US dollars), a year-on-year increase of 521.
2%
.

　　LG Chem's 2022 target sales (excluding LG New Energy) are 27 trillion won (about 22.
4 billion U.
S.
dollars), an increase of 4% year-on-year
.
Among them, it will accelerate investment in three new growth engines centered on environmental protection materials, battery materials, and global innovative new drugs
.
Through strengthening petrochemical high value-added products, expanding cathode materials and separator business, promoting the business of biosimilars in Japan and the sales business of medical beauty products in China, we will achieve sustainable growth in the company's performance
.

　　Dow

　　In 2021, Dow achieved full-year sales of $55 billion and operating EBIT of $9.
5 billion, increased margins in all operating segments, operating cash flow of $7.
1 billion, and annual return on capital of more than 22%
.
Among them, the company's net sales in the fourth quarter were 14.
4 billion US dollars, a year-on-year increase of 34%; operating earnings before interest and taxes (EBIT) was 2.
3 billion US dollars, an increase of 1.
2 billion US dollars
.

Sexual interest

　　It is worth mentioning that Dow has achieved asset decarbonization plans while increasing earnings, enabling the company to continue to achieve more than $3 billion in underlying earnings growth, while enhancing its dominant position in sustainable development
.
In 2022, Dow will also further advance key sustainability programs while meeting growing customer demand for low-carbon and circular economy solutions
.

　　DuPont

　　DuPont will achieve net sales of $16.
7 billion in 2021, operating EBITDA of $4.
2 billion, a year-over-year increase of 21%, and full-year adjusted EPS of $4.
30
.
In the fourth quarter of last year, the company achieved net sales of $4.
3 billion and operating EBITDA of $973 million
.

Sexual interest

　　Continued strong demand from key end markets such as electronics and water treatment was one of the key factors behind DuPont's strong fourth quarter financial performance
.
The company's Electronics and Industrial business segment achieved net sales of $5.
6 billion for the full year and reported a 19 percent growth rate, primarily driven by volume growth
.
Increased net sales by 10% for the quarter through the July 1, 2021 acquisition of Laird Performance Materials
.

　　Eastman

　　Compared to 2020 consolidated financial results, Eastman's 2021 growth across all businesses will drive a 24% increase in sales revenue; strong revenue growth is driven by a 15% increase in selling price and an 8% increase in volume/product mix
.
In the fourth quarter of 2021, the company's specialty materials business volume/product mix increased by 8%, mainly due to innovation and market development initiatives and strong demand for specialty plastics in end markets
.
In addition, selling prices rose 7%, mainly due to double-digit growth in specialty plastics prices driven by higher raw material, energy and distribution prices
.

　　Eastman set records for full-year sales revenue and adjusted EPS in 2021, demonstrating the strength of the company's innovative growth model
.
In 2022, Eastman's revenue is expected to grow further, with adjusted EPS of between $9.
50 and $10, and operating cash flow expected to exceed $1.
6 billion
.

　　SABIC

　　Driven by its excellent operating capabilities and the increase in average product prices, SABIC achieved continuous growth in sales and sales in the fourth quarter of last year, bringing the past 2021 to a successful conclusion
.
Q4 sales totaled 51.
28 billion riyals ($13.
67 billion), an increase of 17% from the previous quarter and a year-on-year increase of 56%
.
Q4 net income was 4.
93 billion riyals ($1.
32 billion), a year-on-year increase of 119%
.

　　In the fourth quarter of 2021, SABIC will continue to work with Saudi Aramco to create value by focusing on shared synergies
.
SABIC has created a value of $468 million between Aramco's completion of the acquisition of 70% of SABIC and the end of 2021
.
In addition, another highlight of the quarter was a massive 16% increase in SABIC's brand value to $4.
67 billion
.

　　Looking into the future, the sustainable economic strategy of developing new energy and new materials has become a firm pace in the global petrochemical market
.
Driven by innovation and market development in the chemical industry, end-market demand is expected to remain strong going forward
.

　　Note: This article is organized and released by Plastic Machinery Network ( and the information comes from the above-mentioned companies

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　　Original title: A number of chemical giants ' 2021 annual financial reports are freshly released

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