Home / Knowledge / News / Textiles / Clariant re-affirms group outlook 2012
Clariant re-affirms group outlook 2012
28
Mar '12
The Annual General Meeting of Clariant AG, a world leader in specialty chemicals, took place on 27 March 2012 in Basel and approved all agenda items. It was attended by 560 shareholders or proxies, representing 132`215`758 shares or 44.7% of Clariant's total share capital.

The AGM approved the annual report and annual accounts for 2011 with 99.9 percent of votes, discharged the corporate bodies of the company with 98.1 percent of votes, and voted for the allocation of the available net profit to the free reserves with 99.8 percent. With 76.8 percent of votes, it also approved on a consultative basis the company's compensation policy.

With 99.7 percent of votes, the General Meeting followed the Board of Director's proposal to repay the par value of CHF 0.30 per registered share, instead of distributing an ordinary dividend. The share capital will therefore be reduced as well as the par value of each registered share by CHF 0.30 to CHF 3.70.

With 65.6 percent of votes, shareholders also waived the restriction of the voting rights limit of 10 percent of the share capital for each shareholder.

Rudolf Wehrli succeeded Jürg Witmer as Chairman of the Board of Directors, as both Witmer and Klaus Jenny retired from the Board.

In his outlook, CEO Hariolf Kottmann confirmed the already announced expectations for 2012. An accurate forecast for 2012 is difficult to make, given the current level of economic uncertainty. In its base case scenario, Clariant expects that, after a weak start to 2012, the global economy will progressively strengthen in the course of the year.

Therefore, results for the first half-year are expected to be lower compared to the high base of the first half of 2011, with an improvement in the second half-year 2012. For full-year 2012, Clariant expects further sales growth in local currencies and sustained profitability.

Clariant


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search