31 October 1997 18:18 [Source: ICIS news]
LONDON (CNI)--French industrial and medical gases group Air Liquide Friday announced first nine months consolidated sales of FF27.82bn ($4.69bn), up 12.1% on the corresponding period of last year.
New gas contracts, a new acquisition by its chemicals and sundries division plus favourable exchange rate movements were largely responsible for the improved performance, explained Air Liquide.
Gas sales were up 13.1% at FF20.47bn due to new supply contracts through pipelines in Europe, and to growth in North America and Asia. North American growth was also a factor in the 11.1% rise to FF3.07bn in the welding division's sales. The chemicals division registered an impressive 19% rise in sales to FF3.36bn, due in particular to the acquisition of Schülke & Mayer, a leading supplier in Germany of products used in hospital disinfection.
In direct contrast with the chemicals division, however, was the engineering and construction business which suffered a 19.5% decline in sales from FF1.14bn to FF917m.
Air Liquide concluded its brief statement on January-September sales figures by forecasting that the "monetary adjustments which have occurred since July in Southeast Asia should not have any effect on the group's growth in 1997".
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|