CEO Jan Secher said: 'High demand was seen across all major resins and coatings segments. The sector in general experienced availability constraints across all raw material platforms. Global construction showed high growth rate, while automotive demand stagnated in Q2, as semiconductor shortage continued to negatively impact light vehicle production. Price increases for all product platforms continued in the second quarter.'
The company said that price rises for its Penta polyols had a significant positive impact on the numbers in the half.
In the second quarter, it introduced a range of Pro-Environment products to the market. 'These are traceable on mass balance and designed to be inserted into our customers' existing formulations with the benefit of a lower carbon footprint,' the company said.
Currency conversion: XE.com