EMS-GRIVORY
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EMS Group:
- Strong development of business
- High raw material prices
- Unfavourable exchange rates
Course of business January - September 2010
EMS Group:
- Strong development of business
- High raw material prices
- Unfavourable exchange rates
Course of business January - September 2010
With its companies combined in the EMS-CHEMIE HOLDING AG and with global
activities in the business areas of Performance Polymers and Fine Chemicals /
Engineering, the EMS Group achieved net sales to the amount of CHF 1'226 million
(866) in the first nine months of 2010. This is 41.6% higher compared to the previous
year. Accordingly, net sales for the 3rd quarter of 2010 again exceeded the pre-crisis
levels of 2007.
Continuing positive economic developments, new business realised and market shares
gained, led to a very pleasing sales situation for EMS. Asian sales markets showed
particularly successful development.
The positive effect of the good business development on result is being increasingly
burdened by massively increased raw materials costs and a strong Swiss Franc.
In order to satisfy increasing customer demands in this and the coming year, EMS is
investing more than CHF 100 million in the expansion of production capacity. A
comprehensive acceleration programme has been initiated in order to make this new
capacity available as soon as possible. As a result, the new production line for hightemperature
polymers, originally planned for the 1st quarter of 2011, will now already
start operations on October 20, 2010. Further production lines are under construction
and will start production in the first half of 2011.
For the whole year 2010, EMS continues to expect considerably higher net sales and a
significantly higher net operating income (EBIT) than in the previous year.