Dynea’s balance sheet remains strong despite difficult market and raw material conditions in 2008
Dynea, the world-leading supplier of adhesion and surfacing solutions, was performing according to plan during the first three quarters of 2008. However, the last months of the year were strongly impacted by lower demand from the market and a rapid decline in raw material prices.Global economic growth ceased during the latter part of the year. Generally, the construction and automotive industries are extremely sensitive to changes in macro-economic trends, and as Dynea is an important supplierto customers in both of these industries demand for adhesives was negatively affected.Sales