Essen, Germany -- Polyurethane additive company Evonik saw performance polymers sales increase by 2% in 2013 at EUR1.8m (US$2.4m) compared to the year before, according to the company's end of year financial report.
The company, which as reported floated on the Frankfurt and Luxembourg exchanges in 2013, largely retained its share of the coatings and additives market over 2013. Sales in the segment amounted to EUR1.6m - 0.6% less than during 2012.
Evonik reported a 13% sales drop in its advanced intermediates segment compared to 2012. Net sales stood at EUR2.6m. The company blamed a “significant reduction in selling prices", especially for butadiene the company said.
According to the report, there was an increase in demand for binders and, although Evonik saw the composites business start off weak in 2013, the company said sales picked up in the second half.
Almost a quarter (24%) of the company’s business in 2013 was generated outside its German homeland - where sales dropped 2%, the company said.
Markets in Asia-Pacific and North America accounted for 18% of total sales each, while the European market (excluding Germany) accounted for 31% of Evonik’s net income – 4% lower than the year before said the company.
Central and South American markets yielded 6% of the company’s net 2013 sales figure.
XE currency conversion: 11 March