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Surface Chemistry

Our Surface Chemistry business continued to perform well, albeit slightly below the exceptionally strong level of last year. Demand for Agro, Oilfield, and other performance applications remained healthy, while some weakness has emerged in the consumer-related applications. Key fat and oil input costs increased again in the quarter and unfavorable currency effects also dampened margin. Thus, margin management actions remain in the forefront. We continue to execute on our growth agenda and we acquired innovative plant-based technology from Integrated Botanical Technologies LLC (IBT) in June.

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