Domestic issues, energy shortages and a devastating natural disaster made business conditions exceptionally difficult in 2010. Adjusting for the PTA divestment in 2009, revenue increased 27 percent, with the Soda Ash and Polyester businesses being very strong performers. Both businesses recorded their highest ever sales volumes. Volume growth and margin improvements resulted in an increased bottom line result.
Revenue growth in Q4 was 49 percent compared with last year. The growth was a result of higher prices in all businesses and improved volumes in polyester, life sciences and the deco business. Soda ash was impacted by the shortage of gas, but we were able to maintain our leadership position in the market.