Higher Volumes Drive Clariant’s Growth for First Nine Months of 2016
MUTTENZ, Switzerland – Specialty chemicals company Clariant announced sales for the first nine months of 2016 at CHF 4,299 billion compared to CHF 4,281 billion in 2015. This corresponds to 2% growth in local currency, driven by higher volumes.
Growth was strongest in Latin America, where sales grew by 7% in local currency. In the Middle East and Africa, year-on-year sales were up 3% in local currency. North America saw a decline of 3%, stemming from a lower demand in Catalysis and Natural Resources, while Asia grew at 4%, supported by a pick-up in China. Europe saw a stable 1% growth rate, driven by volume increases.