Home / Knowledge / News / Textiles / Net income rises 7.34% in FY15 at LyondellBasell
Net income rises 7.34% in FY15 at LyondellBasell
Feb '16
LyondellBasell, a US based chemicals' company serving various industries including textiles, reported a rise of 7.34 per cent in its net income to $4.4 billion in fiscal 2015, ending on December 31, as compared to $4.1 billion in the previous fiscal, according to a press statement released by the company.

Diluted earnings per share for the fiscal 2015 were reported to be $9.60 per share, a rise of 1.6 per cent as compared to $8 per share in fiscal 2014.

Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) were $7.5 billion in this period as compared to $7.05 billion in the previous fiscal.

Commenting on the results, Bob Patel, CEO of LyondellBasell said, “During 2015, LyondellBasell generated record earnings, advanced our growth program and continued returning cash to shareholders at an industry-leading rate.  Our company posted strong results with record performance from our Olefins and Polyolefins – Europe, Asia and International, intermediates and derivatives and technology segments.”

“We are confident that our industry position and our continued focus on cost and operating discipline will serve us well under a variety of market conditions.  While near term industry performance will partially hinge on the direction of raw material costs and subsequent price responses, our growth positions remain advantaged, product demand continues to be good and our expansions are generating incremental earnings,” he added.

“During 2016, we plan to complete an 800 million pound ethylene expansion project, complete engineering for our one billion pound propylene oxide plant and finalise our polyethylene expansion plans,” he informed. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Textiles | On 29th Jun 2017

Vietnam’s textile & garment exports cross $10bn till May

Vietnam earned $10... billion from textile and garment exports in the ...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Interviews View All

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search