1 Dec 2016

Clariant Chemicals records Sales of Rs 517.9 crore in H1 2016-17

Mumbai, December 1, 2016 – Clariant Chemicals (India) Limited, India’s leading specialty chemicals producer, recorded Sales of Rs 517.9 crore in H1 2016-17, registering a growth of 6.5% as compared to the same period in the previous year. The Sales for the continued businesses (Plastics & Coatings segment) grew by 13.9% in H1 2016-17.

The Company’s reported Sales grew to Rs. 247.3 crore, for the quarter ended September 30, 2016 as compared to Rs. 241.7 crore in the same period last year. The continued businesses (Plastics and Coatings segment) grew by 7.3%, for the quarter ended September 30, 2016.

The Profit from Operations in H1 2016-17 stood at Rs 21.9 crore (4.2% of Sales). The Profit from Operations for the quarter ended September 30, 2016 rose to Rs. 3.6 crore (1.4% of Sales) as against Rs. 0.9 crore (0.4% of Sales) for the same period last year.

The Company is maintaining its sustainable growth targets in its core continuing businesses with better raw material management, targeting new customers and introducing innovative products.

Note to the editor

Please note that Clariant Chemicals (India) Ltd. has changed its financial reporting cycle. Accordingly, the previous financial year was reported for a 15-month period commencing from January 1 2015 to March 31, 2016. The July-September 2016 period is hence considered as Quarter 2 (Q2). You can access the latest Annual Report here.

Reader enquiries

Clariant International Ltd
Rothausstrasse 61
4132 Muttenz 1
Switzerland

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Notes for editors

www.clariant.com

Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2015 the company employed a total workforce of 17 213. In the financial year 2015, Clariant recorded sales of CHF 5.807 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.

www.clariant.in

Clariant in India, headquartered in Mumbai, operates in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings, including businesses like Pigments (Coatings, Printing and Plastics and Special Applications), Additives, Industrial & Consumer Specialties, Mining Services and Masterbatches, thus delivering solutions for the industry and the society. The 900-plus employee strength generated sales of INR 10.08 billion (in 2014). In 2014, Clariant invested in a state-of-the-art Regional Innovation Center in Mumbai, with an aim to co-create tailormade solutions with customers for the industry.

Clariant is committed to Responsible Care® and several external sustainability initiatives such as the Global Product Strategy and the United Nations Global Compact. Clariant is one of the top European chemical companies being part of Dow Jones Sustainability Indices.