15 February 2008 08:53 [Source: ICIS news]
SINGAPORE (ICIS news)--French chemicals manufacturer Arkema reported a 4% increase in full-year sales for 2007 to €5.68bn ($8.3bn), on higher growth volumes and the development of its business in Asia, projects in North America and the launch of new products in Europe, it said on Friday.
The 4% increase in revenues did not reflect the effect of the decline of the US dollar versus the euro, which negatively impacted it by 2.6%, the company added.
Higher raw material and energy values led to a 1.7% increase in sales prices across Arkema’s three business units, while the acquisition of Coatex and the divestment of its amines and urea formaldehyde resin businesses in the ?xml:namespace>
($1 = €0.68)
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