Chemicals
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27 Jul 2011
Solid performance in a difficult environment – full-year guidance confirmed
• Q2 sales up 14% in local currencies on solid business fundamentals and price increases, but down 1% in CHF as Swiss franc continued to appreciate. Süd-Chemie results consolidated for May and June 2011.
• Q2 EBITDA before exceptional items at CHF 241 million, down from CHF 264 million a year ago, negative currency impact of CHF 69 million.
• Q2 EBITDA margin before exceptional items reached 12.9% compared to 13.9% a year ago; Q2 EBITDA margin at constant currencies 14.3%.
• Q2 cash flow from operations of minus CHF 101 million as inventories rose due to relocation of production assets and the usual seasonality.
• Integration of Süd-Chemie progressing as planned
• Outlook: Clariant expects a more difficult but nevertheless solid business environment in H2 2011, characterized by softening demand. Based on this scenario, no further deterioration in currency markets assumed, and including Süd-Chemie consolidated for eight months, Clariant confirms its guidance for the full-year 2011 with sales between CHF 7.8 - 8.0 billion and an EBITDA margin of 13.5% - 14.5%.
CEO Hariolf Kottmann commented: “In the first half of 2011, business fundamentals were robust although global economic growth dampened compared to 2010. This is reflected in an improved underlying operating performance year-on-year. The results, however, have been adversely impacted by the massive appreciation of the Swiss franc. The recently acquired Süd-Chemie has met our expectations in the first two months of consolidation and the integration into Clariant is progressing as planned. These developments give us the confidence to confirm our targets for the full-year 2011.”
26 Jul 2011
Rhodia and CEA are pooling their expertise to develop innovative LiTFSi solutions for lithium batteries which combine safety and performance
Lyon, France, July 26, 2011 ---- Rhodia Aroma Performance, world leader in the production and sale of LiTFSI*, and CEA-Liten, CEA Laboratory dedicated to Innovation for renewable energies and energy efficiency, have joined forces to offer a sustainable solution to the energy needs of electro-mobility markets (electric vehicles and portable electronic devices such as computers and mobile phones).
Muttenz, 21 July 2011 – Based on Clariant’s ‘Advanced Denim’ dyeing process, machine builder Karl Mayer’s Indig-O-Matic system is now able to offer superior efficiency, flexibility and eco-friendliness for weavers.
Muttenz, 19 July 2011 – Clariant offers papermakers new deposit control solutions with the addition of Cartaspers® SCH and Cartabond® DST.01 to its range. The extended portfolio has been developed specifically to improve machine cleanliness and runnability when wastepaper is used as a raw material in the papermaking process.
SANITIZED AG, the worldwide leader in antimicrobial hygiene protection, will provide innovative performance apparel technology to the Levi’s® brand “Commuter” series, newly designed for the needs of the urban commuter cyclist and are now available in selected stores. Built around the 511™ Skinny Jean and the classic Levi’s® Trucker Jacket, this collection features fabric and construction upgrades that increase mobility and durability, while protecting cyclists from the potential hazards of their daily commute.