The company’s sales amounted to €15.7 billion, down by €6.2 billion compared with the prior-year period. The decline was reportedly due to considerably lower prices, primarily in the materials, chemicals, and surface technologies segments.
The group said this new position will focus on overseeing the company’s expansion in the Asia Pacific region, with particular emphasis on China and India.
The company said the launch of its new plant is an important milestone to better serve specialty additives customers in North America, and it complements its existing full-scale plants.
Since its founding in 2007, EcoVadis has grown to become the world’s largest and most trusted provider of business sustainability ratings, creating a global network of more than 100,000 rated companies.
This facility will reportedly enable its team of technical specialists to drive innovation and push the boundaries through formulating and testing coatings and cementitious systems for its customers.
The reason for the claim is alleged damages amounting up to €1 billion in relation to infringements of competition law on the ethylene purchasing market.