News

Sales slip at Cognis spin-off

29/11/2007

German chemical company Cognis has posted lower sales at its wholly-owned subsidiary Pulcra Chemicals due to weaker demand for leather chemicals in North America and southern Europe.

Despite achieving high growth in the Asia-Pacific region, Pulcra Chemicals, which was formerly the company’s Process Chemicals SBU and which was spun off into an independent company on July 1 this year, reported a 3.4% drop in sales to €187 million, due to lower sales in its leather and the textiles segments in North America, and a fall in leather chemical sales in southern Europe.

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