Ciba capacity utilization above 80% as sales grow

Omnexus - Dec 11, 2002

BASEL, SWITZERLAND, Dec. 11 -- Ciba AG's capacity utilisation is running at slightly over 80 percent as the Swiss-based firm continues to see sales growth in local currencies, its chief executive and chairman told Reuters. "I would say visibility is still rather low, but what I can confirm is that the trading volumes we saw in the first nine months -- slightly higher in local currency terms - is continuing and there is no change in the trend," Armin Meyer said in an interview on Tuesday. Sales of its products that range from detergent whiteners to the pigments that make Ferraris red were growing around five percent in local currency terms in Asia and around one percent in Europe -- with strong demand in...

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