ZURICH Oct 31 Swiss speciality chemicals maker
Clariant on Thursday reported a larger-than-expected
fall in net income for the third quarter, citing a deterioration
of the global economy.
Clariant, whose products put colour into plastics, said
third quarter net profit fell to 49 million Swiss francs, from
81 million a year ago.
Analysts polled by Reuters had forecast net profit after
minorities of 53.6 million francs on average..
The chemical industry's dependence on highly cyclical
machinery makers, car manufacturers and builders makes it
especially vulnerable to economic downturns.
(Reporting by Catherine Bosley)