Industrial Chemicals’ revenue was adversely impacted by caustic price pressure and lower volumes. Lower volumes were caused by interruptions in the manufacturing and supply chain in Rotterdam during Q4. MCA continued to perform at the strong levels of 2013, showing robust growth in China. Full-year revenue was down by 5 percent, with volumes down 2 percent and prices 3 percent.
Revenue in Q4 was 11 percent lower compared with the previous year, primarily due to the Rotterdam interruptions.