Ciba's Textile Effects see good growth in chemicals business, Q3
07 Nov '05
4 min read
Overall, the Company noted an improving pattern of sales as the quarter progressed, with September stronger than both July and August. Sales for the third quarter were CHF 1.9 billion, up 4 percent in Swiss francs and 2 percent in local currencies, when the acquisition effect of Raisio Chemicals is excluded.
This effect relates to the consolidation of this acquisition into the Ciba Specialty Chemicals results in the third quarter of 2004, where four months of Raisio Chemicals sales were included. Sales including the acquisition effect were up 1 percent in Swiss francs and down 1 percent in local currencies.
Asia remained the growth driver, with South America also showing good growth and Europe and NAFTA mostly flat. The currency effect for the period was positive by 2 percent over the same period in 2004.
Leading global chemical company Ciba Specialty Chemicals is dedicated to producing high-value effects for its customers' products. Company create effects that improve the quality of life – adding performance, protection, color and strength to textiles, plastics, paper, automobiles, buildings, home and personal care products and much more.
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