Sales reached $645M in Q2 2011 as compared to $534M in Q2 2010 while net income fell nearly 22% to $185M from 237M in the corresponding period the year before. It blamed unrealised derivative gains for the decline.

Production rose 3.5% in Q2.

"Despite the social and political challenges faced during the last months and some exceptional one-time costs, Alba showed a strong resilience," said Laurent Schmitt, Alba's ceo in a statement.

Overall, Alba sees strong demand continuing in Asia despite Japan's earthquake and increased demand in the Middle East and North Africa region being driven by investments in infrastructure, said the statement.

It has managed to secure its raw materials requirements for 2011, it added.