China Plant Shutdowns Hurt Helm Results
HELM AG, the Hamburg, Germany-based chemical company, reported its full-year 2017 crop protection results were impacted by environmental regulations in China, which triggered supply shortages.
The company said its Crop Protection business was faced with markets exhibiting weak growth momentum overall in 2017. “Supply bottlenecks also occurred, caused by the shutdown of production facilities in China on grounds of environmental and safety regulations. HELM welcomes these moves towards stricter environmental standards,” it said.
HELM Crop Protection said revenue was roughly on a par with the prior year at EUR 262 million ($307 million), compared with EUR 260 million ($304 million) in 2016.
The company’s main sales markets are Europe and North and South America.
Source: HELM AG