IHS Chemical Week

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Switzerland (609)


SWITZERLAND

Strong Swiss franc weighs on Clariant's second-quarter results, earnings soar in local currencies
Clariant says that its second-quarter net income dropped to 56 million Swiss francs in the second quarter from SF74 million in the corresponding period of last year. Ebitda before exceptional items slipped 1% year-on-year (YOY), to SF211 million in the second...

DSM and Evonik to develop algae-based omega-3 fatty acids for animal nutrition
DSM's nutritional products segment (Kaiseraugst, Switzerland) and Evonik's nutrition and care arm (Essen, Germany) on Wednesday announced that they have entered into a joint development agreement for algae-based omega-3 fatty acid products for animal...

Monsanto: $2-billion breakup fee payable if Syngenta deal blocked on any antitrust grounds
A Monsanto spokeswoman has confirmed to Reuters that the $2-billion breakup fee offered to Syngenta if antitrust regulators blocks US firm’s proposed acquisition would apply to any antitrust concerns “horizontal,”...

Sika reports higher sales and profits, to open several factories
Sika on Friday reported a 5.6% rise in sales in the first six months, to 2.63 billion Swiss francs ($2.73 billion), in constant exchange rates (CER) but a 1.2% decline in Swiss francs. The strength of the Swiss franc was more than compensated by volume...

Syngenta reports lower sales and earnings, confirms margin targets
Syngenta (Basel), the leading agricultural chemicals player, on Thursday reported first-half 2015 integrated sales of $7.6 billion, a 3% increase at constant exchange rates (CER). Second-quarter integrated sales were up 7% at CER, to $3.46 billion. Actual...

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