Industry News

Economic Crisis Burdens Growth Course of ALTANA in 2008

Sales and earnings decline slightly as fourth quarter overshadows full year results

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The specialty chemicals group ALTANA recorded a slight decline in sales and earnings for the business year 2008. “As of the fourth quarter of 2008, the far-reaching economic crisis has also had a significantly negative impact on our business,“ stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG, at the company’s press conference in Wesel. Despite its robust business model, which covers many industries, customers and regions, Dr. Wolfgruber continued, ALTANA, too, had been caught in the maels...

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