High raw material costs impact Ciba results
Swiss specialty chemicals company Ciba has reported higher sales for 2005, but results were impacted by increased raw material and energy prices.
Sales rose 6% to CHF7.4 billion ($5.8 billion), reflecting sales price increases, strong growth in Asia Pacific and the acquisition of Raisio Chemicals.
Asia Pacific now represents 29% of the company’s sales. Sales growth in both mainland
The company’s Textile Effects recovered in second half. 2005 sales were at a similar level to 2004 at CHF1.3 billion, with very strong growth in Asia Pacific, particularly