I’ll at least share with you what we’re doing in epoxy if you were to think about the equivalent operating rates, all of our resin production facilities, we’re running below 50% there in order to preserve value. And remember, our recession case said that we could move the whole company down to that level.
Meghmani Finechem Q2 profit up 2-fold at Rs 91.56 cr
Chemicals maker Meghmani Finechem Ltd MFL on Thursday posted an almost two-fold jump in its consolidated net profit at Rs 91.56 crore for the second quarter of 2022-23 on robust income.The company had clocked a net profit of Rs 47 crore in the same quarter of the previous fiscal,
Red-Hot European Inflation Hits A New Record, Rising By Double Digits For The First Time. In the flash inflation release for September, Euro area headline HICP inflation rose 82bp to a record 10.0% (technically 9.96%), well above the median forecast of 9.7% and marks the fifth straight month the result has exceeded consensus.
Multi-national companies have always had the option to move their primary production hubs as markets and costs shift, but what about small and medium enterprises?
Hurricane Ian strengthened to a Category 3 storm early Tuesday morning, making it the second major hurricane of the Atlantic hurricane season. Ian hit the western half of Cuba overnight Monday with winds just over 100 mph and extremely heavy rainfall.
After last month’s jarring 12.6% tumble, which sent the SAAR to the lowest level since Jan 2016, US new home sales were expected to slide again if at a far more moderate pace
Comments confirmed that the mood is dismal and turning uglier by the day: “Although U.S. housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” says Craig J. Lazzara, Managing Director at S&P DJI.