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The Canbide Corporation is a multi-national, publicly traded, U.S.-based, manufacturing company with annual sales nearing $10 billion. It explains that Canbide is one of the pioneers of the petrochemical industry and is the acknowledged technology leader in several market sectors. It shows how they also benefit from large licensing royalty fees for those technologies. This paper looks at the chemical industry at large in order to understand why Canbide manages to be so successful in its market place.
From the Paper:"In addition, chemicals and plastics buyers are reporting price declines, as industry sources report global demand will continue to slip until 2006. Many buyers in Purchasing agree that Chemical prices are dropping due to a slowing in Asia. Others report that capacity coming on line in Asia is lowering demand for U.S. exports, which brings domestic prices down. Buyers have been stockpiling materials, creating an inventory surplus and a dip in demand. Many companies continue to push price increases to offset high crude oil prices, but buyers are not accepting many of the industry increases. Prices remain above 2004 levels, however, buyers are working through an inventory glut right now."
Cite this Essay:
Canbide Corporation (2006, March 08) Retrieved September 22, 2019, from https://www.academon.com/essay/canbide-corporation-64385/
"Canbide Corporation" 08 March 2006. Web. 22 September. 2019. <https://www.academon.com/essay/canbide-corporation-64385/>