Clariant posts net loss despite sales growth in developing economies
Published: Friday, 02 May 2014
Net losses for the Swiss chemicals producer show the negative impact of unfavourable currency exchange on geographically diversified businesses. Recent divestments and unfavourable weather also impacted on the company’s profits, but will help Clariant reduce costs in 2014.
Swiss speciality chemicals producer,
Clariant, has posted a net loss in the first quarter of
this year despite sales growth in local currencies.
In Q1 2014, the company, which produces TiO2-based pigments,
bentonite and aluminosilicate-based absorbents, phosphate-based
flame retardants and lithium batteries, posted a net loss of
Swiss francs (SFr)...