Rhein Chemie boss expects stronger 2004

By Patrick Raleigh, ERJ On-line news editor

Mannheim, Germany-Rhein Chemie Rheinau GmbH is anticipating sales growth of around 5 percent in this year, after a decline in 2003, according to Dr. Anno Borkowsky, managing director of the Mannheim-based speciality additives supplier.

Last year, Rhein Chemie’s net sales fell 8.8 percent to around Euro278 million, though Borkowsky put this down to portfolio streamlining and the strength of the euro against the dollar. Excluding these factors, sales were about level with 2002, he said.

Rhein Chemie, posted operating earnings (EBITDA),…

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