Speciality chemicals company Ciba has reported a continued growth in sales for its third quarter. Overall, sales rose 7% in Swiss francs; 4% in local currencies. Growth was particularly strong in Asia Pacific, with an increase of 9% in local currencies, while China registered a 14% growth in sales over 2005 figures.
“We have achieved further good improvements in performance this quarter, with efficiency gains across the company leading to higher profit margins,” said chairman of the board and ceo, Armin Meyer. “The implementation of our strategy to focus on our three core businesses, Plastic Additives, Coating Effects and Water & Paper Treatment, is progressing well. The performance in the third quarter keeps us on track to achieve our full year targets.”