Cognis posts first half sales rise
Specialty chemicals company Cognis has posted higher sales for the first six months of 2008. Sales for its core businesses totalled €1.5 billion by 7% compared with the same period in 2007. On an organic basis, sales grew by 12%.
The company’s Care Chemicals division recorded strong sales growth of 10.2% to €860 million.
CEO, Antonio Trius, said: “In spite of the tough general market conditions, all our core business areas strengthened their position and recorded increased sales. Our successful efforts to optimise our processing and manufacturing costs, and more especially the sale of our Pulcra and Oleochemicals businesses, represent major steps forward for Cognis in terms of its strategic direction and prospects for further profitable growth.”
