Rise in chemical companies' debt

Published: 2-Mar-2001


Over half of all chemical companies in the UK increased their levels of debt in 2000, research by Plimsoll has found. In an analysis of 1000 companies, the research found that 94% had some form of debt last year, in most cases financing losses in an attempt to keep afloat and remain in the marketplace. Companies are also investing in order to remain competitive and believe that spending on assets will lead to longer term profitability.

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