News

Cognis achieves increased profits in the face of current trends

14/03/2003

Cognis, the speciality chemicals producer, has reported a satisfactory year for 2002, after its profits increased 3.1% to Eur393 million ($421.7 million) and its sales remained level at Eur3.1 billion.

 

The German company’s European market provided a 3.1% increase in sales to Eur1.7 billion, yet dollar-dominated regions experienced a severe downturn. In North America sales fell 5% to Eur835 million, in Latin America by 6.2% to Eur174 million and in the Asia-Pacific region by 0.8% to Eur388 million.

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