Rhodia Silcea has reported a 16% drop in net sales volume during 2009 to 635 million euros, with the first half of the year marked by the global crisis and ensuing de-stocking in the automotive and several other sectors.
By the second half, however, volumes began to recover, says Rhodia, driven by demand in emerging markets and the dynamics of the automotive industry. During the fourth quarter of 2009, the business was able to report sequential volume recovery due to an improved business trend in all segments. Volumes increased by 19% compared to the final quarter of 2008, to 177 million euros.
Looking ahead, Rhodia says Silcea should continue to benefit from sustained demand momentum from the auto-emission control and low-energy tyre markets. Overall, Rhodia expects to grow volumes and increase margins. (Tyres & Accessories)