Clariant’s sales growth in Q2 partially affected by foreign currency exchange
Published: Tuesday, 05 August 2014
Despite a slightly lower net income in Q2 due to negative currency exchange rates, the global chemical manufacturer posted solid growth in its products sales, including lithium batteries, adsorbents, catalysts and pigments, which are important end-uses for many industrial minerals.
Swiss chemical producer Clariant SA has recorded a drop in
profits in Q2 despite solid growth in sales volumes, due to
persisting unfavourable foreign currency exchange rates,
especially in the emerging economies.
The company posted a 6% sales growth in local currencies,
but unfavourable development of the US dollar, Japanese...