Chemicals

15 Nov 2012

Clariant Announces New Head of Oil and Mining Services Business Unit

Clariant

John Dunne brings more than 20 years of business management experience to position
Dunne, who previously served as general manager with Clariant in the Middle East, will be located in The Woodlands, Texas

13 Nov 2012

Clariant Oil Services awarded contract with E.ON E&P UK to provide chemical management services

Houston, Texas (USA), November 13, 2012 – Clariant Oil Services has reached a five-year agreement with E.ON UK E&P Limited, to provide production chemicals and services for the company’s new field development in the Huntington oil field.

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12 Nov 2012

Songwon Industrial Group announces a solid financial performance in Q3 2012

SONGWON Ulsan, Korea – November 12, 2012 – Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world and a leading global producer and supplier of additives and other chemicals to the plastic industry, announces total sales revenues of 528’044 Mil. KRW for the first nine months of 2012 and a net profit after tax of 16’466 Mil. KRW (3.1% of sales), of which 5’697 Mil. KRW was contributed in Q3 2012. Compared to the same period in 2011 (annualized figures), in the first nine months of 2012 Songwon Group has achieved a sales growth rate of 11.9%, a gross profit growth rate of 46%, while the net profit jumped 118%.

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5 Nov 2012

Clariant unveils its innovative Hostavin NOW® technology for agriculture films

Clariant

Launch of customized polymeric Aminoether HALS solutions offering outstanding protection to greenhouse films
Fulfills critical market needs for durable crop protection and improved productivity

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31 Oct 2012

Clariant progresses while global economy deteriorates further

Clariant

Stable profitability in the core businesses despite pronounced economic weakness in Europe. Good progress in portfolio management and the integration of Süd-Chemie.
Q3 2012 sales increased 3% to CHF 1.923 billion from CHF 1.865 billion in Q3 2011.
EBITDA before exceptionals fell 7% to CHF 201 million from CHF 216 million in Q3 2011, affected by lower volumes and investments into growth.
Cash flow from operations rose to CHF 181 million, compared to CHF 127 million in Q3 2011.
For the full-year 2012, Clariant expects flat sales growth in local currencies and an EBITDA margin before exceptionals slightly ahead of the level after nine months.

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29 Oct 2012