Arkema's full-year sales rise 4% in 2007

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 US had a negative impact on sales of 1.2%.

 

($1 = €0.68)

By: Arujnee J Ram
+65 6780 4359

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