Automotive
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16 Feb 2010
Clariant reports progressively improving operating profitability and a strong cash flow during a challenging 2009
• Sales in 2009 down 14% in local currency and 18% in CHF
• Operating income before exceptional items decreased to CHF 270 million in 2009 from CHF 530 million in 2008
• Cash flow from operations improved to CHF 757 million from CHF 391 million in the previous year
• Net debt reduced to CHF 545 million from CHF 1,209 million in 2008
• As part of the ongoing asset network optimization program, further measures are being implemented, affecting production sites in Muttenz (Switzerland), Resende (Brazil) and Thane (India)
• Outlook 2010: Clariant does not foresee a sustainable recovery of the global economy. As a consequence, Clariant expects sales growth in local currencies in the low single-digit range. The operating income margin before exceptionals is expected to rise above 6%. Cash flow from operations will remain strong but below the levels of 2009.
Used for testing on 5 July 2019 and again in September 2019
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, and Shaw Industries Group, Inc. announce today that DSM has acquired full control of the PA6 polymerization facility of Nylon Polymer Company LLC (NPC) in Augusta (Georgia, United States). Shaw Industries and DSM Chemicals North America were previously joint venture partners in NPC.
Ghent, Belgium – 6 January, 2010 – Milliken will present its innovative high performance reinforcing agent, Hyperform® HPR-803 and its Hyperform® HPN nucleating additvies for polyolefins at the VDI’s plastics in automotive engineering conference 2010 in Mannheim, Germany. The Hyperform® HPR-803 agent is very suitable for customers in the automotive market, seeking opportunities to reduce the weight of their polypropylene car parts. Hyperform® HPN nucleating additvies for polyolefins are bringing advantages to polyolefins in the domains of productivity; quality, dimensional control, coefficient of linear thermal expansion (CLTE) optimization and mechanical property improvements.
Underbody shielding manufactured by Takeo Automotive Systems and made of SymaLITE® from Quadrant Plastics Composites has now been specified for the BMW Z4. The lightweight shielding covers a significant part of the car’s underbody, resulting in an enhancement of its aerodynamics and a more comfortable, silent riding quality and better fuel efficiency.
BERGEN OP ZOOM, The Netherlands – December 7, 2009 – Automotive applications molded from SABIC Innovative Plastics’ industry-leading materials received a total of eight honors as part of the 2009 Society of Plastics Engineers (SPE) Automotive Innovation Awards Program: four winners – including the coveted Hall of Fame Award – and four finalists. Ranging from body panels and pedestrian protection to lighting, interior trim and wiring, these winning applications showcase the exceptional scope and diversity of SABIC Innovative Plastics’ automotive thermoplastic portfolio. They also clearly demonstrate the numerous ways in which the company’s advanced materials solutions are driving greater automotive design freedom, higher performance and enhanced sustainability. The awards were presented on Nov. 12 at a ceremony in Livonia, Michigan.