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Mining, oil help lift Clariant sales

Swiss speciality chemicals company Clariant has lifted sales by 3% to 3.27 billion Swiss francs (US$3.29 billion) in the first nine months of 2019, citing significant uplift in its catalysis and natural resources divisions including a “notable expansion in oil and mining services”.
Mining, oil help lift Clariant sales Mining, oil help lift Clariant sales Mining, oil help lift Clariant sales Mining, oil help lift Clariant sales Mining, oil help lift Clariant sales

Staff reporter

Natural resources business area sales rose 4% to US$962 million for the 2019 period.

Clariant said its oil and mining services business had double-digit sales growth, while functional minerals was slower and additives dipped. It said oil and mining continued to expand in the September quarter, but sales in functional minerals decreased slightly due to a weak automotive sector and the Additives business "retreated significantly".

"Our nine months results reflect the resilience and quality of our continuing businesses, in particular in light of the worsening economic environment in the third quarter," Clariant executive chairman Hariolf Kottmann said.