Ciba warns of declining volumes in fourth quarter as profit declines at nine months

摘要

Ciba, the Swiss speciality chemicals firm, which is under offer by BASF, said weakening demand from automotive and construction industries in the first nine months of this year led to poorer sales at its coating effects business in Europe and the Americas. Unit sales for the nine month period to 30 September declined 7% in Swiss francs to CHF1.3BN (EUR858.5m/l.lbn), despite growth in Asia, particularly in coatings and electronic materials.