Home » Business » Manufacturing
Henkel's sales rise despite downturn
By Fu Chenghao |
March 9, 2010, Tuesday
|
Print Edition
Print Edition
HENKEL, the German cosmetics-to-glue maker, reported a 7.3 percent growth in Asia-Pacific sales last year despite the effects of the global economic crisis.
Sales in the region climbed to 1.66 billion euros (US$2.26 billion), Henkel China President Faruk Arig said at a media briefing yesterday in Shanghai. The company, which makes Loctite adhesives, Schwarzkopf shampoo and Persil detergent, last month said global sales fell 3.9 percent last year.
Sales on the Chinese mainland and Hong Kong totaled 572 million euros last year, according to Jason Wang, chief financial officer of Henkel China. He didn't give a comparative figure.
Arig said that "2009 saw the slump in industries such as transportation, machinery, electronics and retail where Henkel operates globally."
He said that compared with the consumer goods sector, the industrial sector was hit harder by the recession last year, for example major customers in the adhesives division reduced their orders.
But Asia still expanded, which he called a "strong performance," because stimulus measures were rolled out early by governments.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
