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

PP prices rise, solid PS, PET drop

October 30, 2014 1:15 pm ET

North American polypropylene resin prices surged again in October, while regional prices for solid polystyrene and PET bottle resin continued their...    More

Image

Italian compounder opening first US plant

October 30, 2014 9:45 am ET

The song of the South has led Italian compounder So.F.Ter Group to open its first plant in the United States in Lebanon, Tenn.    More

Image

Ineos closing Barex plant, exiting business

October 29, 2014 3:58 pm ET

Materials maker Ineos Group is closing its only global Barex-brand polyacrylonitrile (PAN) resin plant in Lima, Ohio. Ineos – based in Rolle,...    More

Image

DSM picks Augusta, Ga., for nylon plant

October 29, 2014 11:49 am ET

Materials firm Royal DSM NV has chosen Augusta, Ga., as the site of its new North American nylon resin plant.    More

Image

Teknor Apex expands production of recycled nylon to Europe

October 29, 2014 10:12 am ET

Materials firm Teknor Apex Co. is making its recycled nylon compounds available in Europe for the first time.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events