No consumer slump for Croda

Croda International, the company that makes chemicals for the cosmetics, healthcare and home care industries, saw its profits rise by 40 per cent in the first quarter of the year, it said yesterday, despite struggling with the higher cost of raw materials.

The strong performance came courtesy of robust demand for consumer care and industrial products across all its major geographies, Croda said, adding that it was upbeat about its prospects for the rest of the year.

Croda, whose customers include sun-care company Nivea, said: "We have implementedfurther price increases where necessary in April."