Paris – Société Internationale de Plantations d’Hévéas (SIPH) has posted double-digit growth in year-to-date sales – reflecting a steep rise in natural rubber prices compared to last year.
For the three months to 30 Sept, the Michelin-owned company achieved an 18.4% rise in sales to €89.2 million compared to the same quarter last year.
Of that amount, €84.2 million related to sales of natural rubber, SIPH reported 15 Nov. This, it said, was 20.9% higher than in last year’s third quarter.
For the first nine months of this…