In early June xxxx, the price of Toluene Diisocyanate (TDI) began a downward trend, dropping by x.xx due to subdued demand and stable supplies. The demand for TDI was sluggish from the downstream Polyurethane industries. The car sales in Germany fell by x.xx in May xxxx. Consequently, the consumption of Polyurethane foam fell from the Automotive sector, and orders diminished for PU component TDI.
The orders for TDI were sluggish from adhesive industries. In the first quarter of xxxx, the Tesa Business Segment witnessed an anticipated x.xx year-on-year decline in organic sales, notably in the Electronics division across Asia and North America. However, the Automotive division experienced modest growth, attributed to the popularity of adhesive tape solutions for displays and smart surfaces. Despite market challenges, Tesa expresses confidence in the potential for significant improvement across all business divisions and their respective markets, especially in the Hx...
