Polymers business Covestro’s second quarter group sales declined by 6.9 per cent year-on-year to €3 billion ($3.3 billion) as a result of a fall in selling price levels caused by lower raw material prices.
Swiss chemical firm Clariant has announced an eight per cent drop in sales from continuing operations in its second quarter results from CHF1.41 billion ($1.45bn) compared to CHF1.5bn ($1.58bn) last year. The company attributed this to flat growth in its local businesses.
An R&D investment in exess of €20 million ($21.9m) in 2014 has led to an improvement in the financial results of Italian machinery maker Sacmi Imola, which has posted consolidated sales for 2015 of more than €1.2 billion ($1.3bn).
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