09 July 2010 18:06 [Source: ICIS news]
TORONTO (ICIS news)--The speed of the economic recovery in the first half of 2010 has surprised Swiss specialty chemicals producer EMS Chemie, chief executive Magdalena Martullo-Blocher said on Friday.
In fact, the company was not able to meet all customer demand. EMS Chemie’s order books were full and it was expanding production capacity, Martullo-Blocher said but did not disclose details.Importantly, first-half sales reflected real end demand, rather than just restocking of depleted warehouses after the crisis, she in a webcast media briefing after the company’s first-half 2010 results presentation.
She noted surging demand from the automotive and consumer electronics sectors, and added: “People are optimistic, especially in ?xml:namespace>
Swiss industry commentators noted that
($1 = Swfr1.05, €1 = Swfr1.34)
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