Plastics
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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.
12 Feb 2010
NEW CRAFT SKIN SUIT MADE WITH DYNEEMA® MAKES OLYMPIC SPEED SKATING DEBUT
URMOND (NL), 12 February 2010 - Hot on the heels of today’s official opening ceremony of the XXI Winter Olympic Games in Vancouver, Canada, comes the start of the speed skating tournament. It is an event where the Dutch have a long-standing reputation for success, and they look set for more medals in the coming days. The chances of success for the Dutch Olympic short-track team will be further assisted wearing a new and innovative CRAFT one layer skin suit, made with Dyneema®, which is lighter and more comfortable due to intrinsic cooling properties than comparable alternatives, whilst offering for the first time, full body protection.
TOLEDO, Ohio – Feb. 10, 2010 – Owens Corning (NYSE:OC), a leading global producer of glass fiber reinforcements for composite systems and residential and commercial building materials, today announced that its glass fiber veils for carpet, ceilings and flooring are the first in the glass non-woven industry to be GREENGUARD Indoor Air Quality Certified®. The products were also certified for the more stringent GREENGUARD Children & SchoolsSM product emissions standard.
Muttenz, February 9, 2010 - Clariant Masterbatches presents the latest in its color and performance-enhancing materials designed to bring cutting-edge functionality and aesthetics to medical devices and pharmaceutical packaging at MD&M West 2010.