Chemical maker Clariant Q1 sales rises CHF 2.156bn
08 May '07
2 min read
STRATEGIC INITIATIVES ON TRACK: In order to achieve its mid-term goals, Clariant is fully committed to a set of targets for 2007, with a particular focus on reducing net working capital and SG&A expenses. The company announced in the First Quarter it will close several sites in its Masterbatches and Textile, Leather & Paper Chemicals divisions.
In Masterbatches, for example, Clariant announced it will consolidate three sites in France. In Textile, Leather & Paper Chemicals, it closed a leather plant in the U.K. Clariant also announced it will close two of its service laboratories for textile dyes in Switzerland.
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