EMS-GRIVORY
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For the EMS Group with its activities in the fields of Performance Polymers, Fine Chemicals and Engineering and companies amalgamated within EMS-CHEMIE HOLDING AG, development of sales and income in the first six months of 2002 slightly exceeded expectations, but remained clearly below the strong first half of the previous year. This can be attributed to the weaker economy on the one hand and to the stronger Swiss franc on the other.