Heavy industry bothered high raw materials price

Heavy industry bothered high raw materials price

As companies release their results for the first quarter, executives are warning that rising raw materials prices, particularly oil, are now a problem.
High oil and commodities prices are starting to dent the profitability of the world’s largest industrial and consumer goods companies, with businesses from Procter & Gamble in the US to BASF in Europe warning of a strong headwind.
Commodities prices “remain stubbornly high”, Jean-Marc Huët, chief financial officer at Unilever, the world’s second largest consumer goods company, said. Thomas Falk, chief executive of Kimberly-Clark, the maker of Huggies nappies, added: “Most oil-based costs are tracking a little higher than we expected.”
2012 with the construction development of the railway industry, crusher industry demand is also increasing. At any time, the cement production will maintain a rapid growth, environmental protection and management pressures remain strong. Wei East Machinery has been committed to the development of highly efficient energy-saving crusher equipment, production of the , , , crusher, vibrating screen, crushing and screening equipment, play in the cement production process an extremely important role
Brent crude prices averaged $118.5 a barrel in the first quarter of the year, the second highest quarterly average, below only the March-June period of 2008. Oil rose above $120 a barrel yesterday after hitting a peak of $128 in March.
The cost of oil, which feeds into petrochemicals and plastics, was up 10 per cent on average between January and March compared with the first quarter of a year ago on the back of supply disruptions and geopolitical fears about Iran.
As low economic level and low energy efficiency, despite the global support to a variety of energy saving and environmental protection industry development policies are rolled out, a number of enterprises engaged in this field still feel a great resistance. To take up a place in the energy saving and environmental protection, we depend on policy support alone is clearly not enough. State regulations will significantly reduce the energy intensity, carbon dioxide emissions. And strengthening the policies and measures to adapt to the socialist market economy requires long-term mechanism of energy saving.
Industrial and consumer goods companies have raised prices several times in the past year to counter rising oil and other commodities prices. But some said in conference calls with investors after releasing first-quarter results they were struggling to recover full cost increases due to weak economic growth and high un¬employment in western countries.