Jean Marc Dublanc said ” Thanks to our leadership in methionine, especially liquid methionine and to our development in specialties reinforced by our remarkable add-on of Nutriad, we implemented our ‘two-pillar’ strategy and delivered steady growth in sales volume of liquid methionine and achieved strong growth in revenue and gross profit for specialty business.
But, the increase of more than 20% in the price of crude oil together with pressure on methionine prices had a significant impact on our financial performance. For the fourth quarter in 2018, we will continue to execute our operational efficiency enhancement plan to make sure that we can offer the most cost-efficient products to customers and to improve our competitiveness and profitability in general.”