Feb '08
As of January 1, 2008, Brendan Cummins took over as the new Chief Executive Officer, leading Ciba into the future, together with a strong team, including the new CFO Jürg Fedier, and the recently appointed Head of the Coating Effects Segment, Thomas Engelhardt.”
Brendan Cummins, Chief Executive Officer, comments: “We made important progress in 2007, improving our financial performance and implementing the Operational Agenda. The new SAP system is now up and running in around 80 percent of the Company and we have further streamlined our operations and developed a new concept for innovation.
The key priorities for 2008 are margin management and ensuring we achieve optimal value for our products. We will maintain our cost reduction efforts and continue a differentiated approach on prices and volumes, with selective price increases, as well as volume growth strategies to gain market share where appropriate. In addition, we will withdraw unprofitable product ranges in order to improve margins. With a new approach to innovation, we will focus more effectively on technologies with the highest growth and profit potential.
We are anticipating that 2008 will be another demanding year for the specialty chemicals sector, as the outlook for the economy is uncertain and raw material costs are expected to remain high, but I am confident we will nevertheless continue to deliver improvements in our cost structure and profitable growth in our chosen markets.”
Must ReadView All
Textiles | On 24th Apr 2018
Alliance to form joint entity for safety in factories
On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...
Textiles | On 24th Apr 2018
China’s Alibaba partners with Thailand for digital trade
China’s Alibaba Group recently signed an agreement with the Thai...
Apparel/Garments | On 24th Apr 2018
Skineez, Walmart partner for smart wearables
Skineez Skincarewear, a leading cosmotextile skincarewear company,...
Interviews View All
Deepak Jain
Baggout
We are using Facebook and Instagram to promote ourselves
Headhonchos
Indian textile value chain
Adopt innovative techniques, go for automisation rather than being...
Top executives
Fashion houses, India
With technology, it has become easier to ensure IPR
Idealin Fogging Systems has been engaged in designing and manufacturing...
Textile Events is one of the largest textile fair in the United Kingdom,...
Reckon Industries adapts latest systems for manufacturing from designing...
Silke Brand-Kirsch
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Kevin Nelson
TissueGen
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Giorgio Mantovani
Corman S.p.A
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Robert Brunner
Devereux
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Jay Ramrakhiani
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Igor Chapurin
Chapurin
"Now we can see the Russian trend in international fashion. And Russian...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 103
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 103
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 103
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?
YesTotal Votes: 103
E-News Insight
Latest News Update in Your Mail Box.
