International. The British chemical company Croda International, recorded between January and December 2011, a profit (before taxes) of US $ 383 million, exceeding the expectations of analysts who placed profits at US $ 374 million.
So far this year this trend has continued, as trade in January and exposure to growing economies in Asia and Latin America gave confidence to the industry and the future outlook.
Croda International supplies products to such renowned companies as Estee Lauder, L'Oreal and Syngenta; it is also listed on the FTSE 250 of the London Stock Exchange, where it has recorded significant gains despite the crisis. In 2011 it had an increase in its income close to 7%..
There has also been speculation about the possible sale of Croda to larger partners such as DOW Chemicals, something denied by its managers, who emphasize that on the contrary, they seek to buy other companies with a turnover between US $ 16 and 79 million.
"We haven't received any offers, nor do we want them to take care of us," said Sean Christie, Croda's chief financial officer, who clarified that "we were looking to make these acquisitions through our divisions, we're more interested in smart technology rather than giant chemical companies."
