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Long-term outlook positive for plasticizer and flexible vinyl business
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ExxonMobil Chemical Co
: 17 December, 2004 (Company News) |
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The American plasticizer and flexible vinyl (or PVC-polyvinyl chloride) business segment continues to face ongoing economic and market challenges. However, the outlook for these products is sustainable in the long term. That is the key message participants heard at the inaugural ExxonMobil Chemical Plasticizer Symposium in November 2004. |
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The American plasticizer and flexible vinyl (or PVC-polyvinyl chloride) business segment continues to face ongoing economic and market challenges. However, the outlook for these products is sustainable in the long term. That is the key message participants heard at the inaugural ExxonMobil Chemical Plasticizer Symposium in November 2004.
A primary focus of the symposium, which took place in Houston, Texas, USA, was the impact of current economic and market pressures on the viability and sustainability of the American flexible PVC business. Key topics covered feedstock volatility, the increase in finished product imports and pressure on profitability. Participants were reassured that despite slow growth and continued economic and regulatory challenges the business would have a viable future by adapting to market changes and by supporting product innovation.
'The American plasticizer and flexible PVC business continue to face numerous challenges. However, despite these pressures, we are convinced that it is sustainable in the long term,' said Robert C. Davis, Global Oxo Business Unit vice president, ExxonMobil Chemical Company. 'We are here to reinforce ExxonMobil Chemical's commitment to the plasticizer business. Our objective is to provide customers with product options that meet their needs through our demonstrated capability in terms of product slate and supply, as well as technical and customer service.'
Telling insights into the prospects for the flexible PVC business were provided by representatives from organizations such as Chemical Market Associates, Chemical Market Resources, Probe Economics, Teknor Apex, The Vinyl Institute and event organizer ExxonMobil Chemical.
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