Issue Date: May 25, 2009
Catalyst For Change
LAST YEAR was a stellar year for the German catalyst and adsorbent maker Süd-Chemie. Capping off five years of growth, sales reached $1.8 billion and operating earnings hit $172 million. Those results helped finance research into new markets such as biocatalysts and syngas catalysts.
But as 2009 began, Süd-Chemie finally fell victim to the economic downturn. In the first quarter, the firm's revenue dropped 3% compared with the year-ago quarter and operating earnings plummeted by . . .
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