Wesel, Germany -- Specialty chemicals group Altana increased its sales in the first half of 2014 by 11% to EUR985m ($1.3bn) the company said in its half year financial report.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were reported as EUR212m, an increase of 19% on the first half of 2013.
Altana AG ceo Matthias Wolfgruber said the EBITDA margin increase was “mainly” due to the acquisition of Rockwood's rheology business.
According to an Altana press release, the BYK additives and instruments division, with its sales hike of 30% to EUR436m, saw the strongest growth within the group to the end of June, 2014. BYK supplies additives for PU coating systems and PU plastic systems.
The report continued: “With an increase in sales of 21%, Altana posted by far the strongest growth in the Americas region mainly driven by the acquisition of Rockwood's rheology business.
“Adjusted for acquisition and exchange rate effects, sales in this region grew by 4% and European business was also positively influenced by acquisitions,” he added.
European sales, by far the largest market for Altana, were up 9% in the first half of this year compared to the first half of 2013. According to the report, business in Europe returned to growth with a 3% sales increase while Asia’s contribution to the company’s growth was 6%.
As previously reported at UTECH-polyurethane.com, Evonik added the BYK range of foam stabilisers to its portfolio in 2010.