Specialty Chemicals – Overview
- Revenue flat in Q3, due to favorable currency effects, offset by the divestment of the Paper Chemicals business and adverse price/mix
- Operating income up 4 percent due to benefits from further increased production at the new Frankfurt plant, lower costs and operational efficiencies throughout the business
- ROS increased to 13.2 percent (2014: 12.6 percent). ROI increased to 17.2 percent (2014: 11.1 percent)
Revenue was flat due to favorable currency effects offsetting the impact of the divested Paper Chemicals business and adverse price/ mix in several segments, mostly due to lower oil prices. Volumes overall were flat. Growth in some segments compensated for lower demand in oil drilling segments, which mainly impacted Surface Chemistry and Functional Chemicals. North America and Europe continued to show a positive trend in some selected segments, while growth in China and Russia was subdued.
Although the recent incident at the port in Tianjin, China, did not affect us directly, it did result in severe logistical constraints.
Operating income was up 4 percent supported by the benefits from further increased production at the new Frankfurt plant, lower costs and operational efficiencies throughout the business.