Home / Knowledge / News / Textiles / Clariant re-affirms group outlook 2012
Clariant re-affirms group outlook 2012
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.


Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search