IHS Chemical Week

People & Business :: Earnings/Finance

Tessenderlo Group swings to loss

6:51 AM MST | November 15, 2012 | Sotirios Frantzanas

Tessenderlo Group (Brussels) reported net losses of €40.2 million ($51.3 million) in the third quarter of 2012, compared with €16.2 million in net profits in the third quarter of 2011. The net losses in the third quarter were due to a nonrecurring charge of €46 million, consisting primarily of a €35.1-million loss on the divestment of the company's pharmaceutical ingredients activities Farchemia (Treviglio, Italy) and Calaire Chimie (Calais, France) to International Chemical Investors Group (Frankfurt), a private industrial...

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