Home / Knowledge / News / Textiles / Clariant is well underway to meet its 2015 targets
Clariant is well underway to meet its 2015 targets
07
Jun '11
Clariant, a world leader in specialty chemicals, has raised its 2011 sales and margin targets on the occasion of its capital markets event. The company expects sales growth in the high single-digit range in local currency compared to 2010 and an EBITDA margin between 13.5-14.5%. For 2015, Clariant targets sales above CHF 10 billion and an EBITDA margin before exceptional items above 17%.

Based on its four pillars strategy and supported by the continuous improvement initiative “Clariant Excellence”, Clariant is well underway to meet its 2015 targets. A consequent implementation of performance optimization measures in the current portfolio, the build-up of an efficient R&D and Innovation organization, the elimination of geographical and technological gaps as well as M&A transactions are key to achieve the ambitious goals.

CEO Hariolf Kottmann commented: “With the beginning of 2011, Clariant has switched from restructuring to growth. Our well-positioned traditional businesses have further potential to improve their performance while the newly to be integrated Süd-Chemie businesses will drive higher sales growth and help to improve our margins. Applying our value-based performance management approach, we are confident to achieve our mid-term targets until 2015, using both organic growth and portfolio management.”

Clariant also reconfirmed its policy of paying a stable dividend going forward, with the intention to resume dividend payments for the full-year 2011.

Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided into ten business units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.

Clariant International Ltd


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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