Textile enzymes sales for bleaching denim fall at Novozymes
14 Aug '08
4 min read
Sales of detergent enzymes rose by 15% in LCY and 12% in DKK in the first half of 2008. Growth was seen in all geographical areas and within both new and old products.
Detergent producers continue to increase enzyme dosages for both improved washing performance and additional functionalities in their detergents.
Sales of detergent enzymes are also positively affected by ongoing marginal substitution of enzymes for other detergent ingredients. Seen in isolation, sales in the second quarter increased by 16% in LCY and 13% in DKK compared to 2007.
Continued high growth in sales of enzymes for fuel ethanol. Sales of technical enzymes rose by 19% in LCY and 7% in DKK in the first half of 2008. The acquisitions in India contributed approximately 1 percentage point.
The primary growth driver remained sales of enzymes for bioethanol production, which outperformed the North American bioethanol market as a result of a small increase in Novozymes' market share. Growth calculated in DKK is reduced by the unfavorable exchange rate movement for the USD.
Sales of textile enzymes for bleaching denim fell in the period, as a result of the continued strong fashion trend in favor of darker denims. Sales of enzymes for textile mill applications developed positively, though on a small scale.
Overall, the textile industry is currently under pressure, with declining growth as a result. In the second quarter of 2008, sales rose by 22% in LCY and 9% in DKK compared to the same period in 2007.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
