Honeywell Specialty Materials reported second-quarter profits up 43%, to $214 million, compared with the same period last year. The company cites higher sales volumes, cost controls, and productivity improvements, partially offset by higher raw material costs and the absence of year-ago labor cost-cutting. Sales rose 20%, to $1.3 billion, on improved global markets, petrochemical catalyst demand, and higher selling prices in its resins and chemicals business.
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