Poor agrochem demand drags down BTP

09 December 1998

Poor agrochem demand drags down BTP

WEAK demand for agrochemical intermediates was one of the factors that left BTP facing a 9% fall to £22.9 million in its pre-tax profits for the six months to the end of September.

A series of problems at a US-based insecticide business, Nipa Hardwicke, produced a £6m fall in profits.

The difficulties included wet weather caused by the El Niño weather system, destocking by customers and increased competition from India.

BTP is primarily a chemical company which concentrates on supplying the pharmaceutical industry.

• The Times 09/12/98 page 27, page 28 (Tempus)
  
• The Independent 09/12/98 page 21
  
• Financial Times 09/12/98 page 24
  
• The Daily Telegraph 09/12/98 page 28 (Questor), page 29