Clariant reports 2013 profit growth

By Frank Esposito
Senior Staff Reporter

Published: February 19, 2014 2:51 pm ET
Updated: February 19, 2014 2:53 pm ET

Related to this story

Topics Materials Materials Suppliers
Companies & Associations Clariant International Ltd.

Swiss specialty chemicals and plastics giant Clariant International Ltd. saw its profit from continuing operations grow almost 60 percent in 2013, even as the firm’s overall sales were essentially flat.

Continuing operations profit for 2013 checked in at 323 million Swiss francs (US$363.7 million) on sales of almost 6.1 billion Swiss francs (US$6.8 billion). Muttenz-based Clariant sold off several businesses during 2013, including emulsions and leather services. Including those businesses in 2013 results lowers the firm’s overall profit to 5 million Swiss francs (US$5.6 million).

“Clariant has made good progress in 2013,” chief executive officer Hariolf Kottmann said in a Feb. 19 news release. “The unfolding operational strength of the company became visible in a challenging economic environment.”

“After the divestment of several businesses, Clariant is now a more profitable, less cyclical and well-balanced specialty chemicals player,” he added.

Plastics and Coatings — including pigments, additives and one of the world’s largest masterbatches businesses — was the largest of Clariant’s four business units in 2013 with sales of 2.5 billion Swiss francs (US$2.8 billion). That total represented more than 41 percent of the firm’s total sales.

Plastics and Coatings sales for 2013 were was flat with 2012, but the unit’s pretax profit fell almost 13 percent to 256 million Swiss francs (US$287.9 million). In the release, Clariant officials said that fourth-quarter 2013 masterbatch sales increased in all regions except North America. Latin America, Greater China and India contributed to fourth-quarter masterbatch growth, while the business environment in Europe improved slightly.

Clariant made three plastics-related acquisitions during 2013, buying masterbatch maker Platichemix Industries of Vadodora, India, and the organic pigment business of Chinese materials firm Jiangsu Multicolor Fine Chemical Co. Ltd. while forming a masterbatch joint venture with Tasnee & Sahara Olefins Co. of Riyadh, Saudi Arabia.

The firm also launched several new products in 2013, including new grades of its AddWorks-brand polymer additives aimed at sustainability and innovation, as well as the HiFormer liquid color development service, which Clariant debuted at the K 2013 trade show.


Comments

Clariant reports 2013 profit growth

By Frank Esposito
Senior Staff Reporter

Published: February 19, 2014 2:51 pm ET
Updated: February 19, 2014 2:53 pm ET

Post Your Comments


Back to story


More stories

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

Force majeure declared at six European sites since mid-March

April 17, 2015 1:10 pm ET

At least six European resin makers have declared force majeure on polyethylene, polypropylene and related products since mid-March, leading to higher ...    More

Image

Executives step down from Star Thermoplastics

April 17, 2015 12:56 pm ET

Executives Randall Fortin and Larry Johnson no longer are with materials firm Star Thermoplastics Alloys & Rubbers Inc.    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary,...    More

Image

Hanwha Azdel adds capacity in Lynchburg

April 16, 2015 2:01 pm ET

Composite maker Hanwha Azdel Inc. will add space and a new production line at its Lynchburg, Va., production facility, the company announced April 16.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events