Clariant

Clariant
Public
Traded as SIX: CLN
Industry Chemicals, manufacturing
Founded 1995
Headquarters Muttenz, Switzerland
Area served
 Worldwide
Key people
 Hariolf Kottmann (CEO), Patrick Jany (CFO), Rudolf Wehrli (Chairman, Non-Executive Member of the Board of Directors)
Products Speciality chemicals
227 million CHF (2015) [1]
Total assets 7,461 million CHF (2015) [2]
Total equity 2,494 million CHF (2015) [3]
Number of employees
 17,213 (2015) [4]
Divisions Additives, Catalysts, Functional Minerals, Industrial&Consumer Specialties, Masterbatches, Oil&Mining Services, Pigments [5]
Website www.clariant.com Annual Report

Clariant is a Swiss speciality chemicals company which was formed in 1995 as a spin-off from Sandoz.

Business

The company has a turnover of around US$8 billion and is headquartered in Muttenz with a corporate centre in Pratteln, both near Basel, Switzerland. Clariant manufactures a range of specialty chemicals based largely on pigment, surfactant and polymer chemistry.

The company expanded by the incorporation of the speciality chemicals business of Hoechst (Germany) in 1997 and the acquisition of British Tar Products (BTP plc) in 2000. In 2011 Clariant acquired German speciality chemical company Süd-Chemie.

Clariant's largest business units make functional chemicals such as biocides, industrial ingredients, and detergents as well as chemicals and dyes for textiles, leather, and paper. Clariant's other segments make pigments for inks, paints, and plastics and masterbatches, which are highly concentrated additives for plastics and textiles. It is also among the leading manufacturers of de-icing agents and flame retardants, and chemicals used in the oil & gas and mining industries. Active in 150 countries on five continents, Clariant is now focusing on its fast-growing fine and specialty chemicals and on expanding operations in Asia.[6]

With its Head of Corporate Controlling, Stephan Lynen, the company pursues a rather minimalist finance approach. These days, the global business unit collects the financial data from the 11 business units and establishes a bottom-up objective—not a budget. This way, the company's goals are more realistic and every incentive is bound to them.[7]

The company is a supply of chemicals and colors for the textile, leather, paper, packaging, plastics, printing, oil & gas, detergent, mining, personal care and metalworking industries. In 2012 Clariant announced that it would divest its textile chemicals, emulsions and paper specialities businesses to SK Capital, its leather services to Stahl and detergents & intermediates business to Weylchem.[8]

See also

Notes

  1. ↑ http://reports.clariant.com/2015/annual-report/company/five-year-group-overview.html
  2. ↑ http://reports.clariant.com/2015/annual-report/company/five-year-group-overview.html
  3. ↑ http://reports.clariant.com/2015/annual-report/company/five-year-group-overview.html
  4. ↑ http://reports.clariant.com/2015/annual-report/company/five-year-group-overview.html
  5. ↑ http://www.clariant.com/en/Business-Units
  6. ↑ "Clariant strengthens Asian presence" (PDF). Clariant. Retrieved 2012-01-02.
  7. ↑ Clariant: “We Have Done Away With Traditional Budgeting” CFO Insight Magazine. Dec 10, 2012. Retrieved 12-13-2012
  8. ↑ "Clariant divests Textile Chemicals, Paper Specialties and Emulsions businesses to SK Capital". Clariant. Retrieved 2013-02-06.

References

External links

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