Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Clariant Annual General Meeting Confirms Company's Course

Abstract:
All motions proposed by the Board of Directors adopted by a large majority

Clariant Annual General Meeting Confirms Company's Course

MUTTENZ, Switzerland | Posted on April 10th, 2008

At today's Annual General Meeting, the shareholders of Clariant (SWX:CLN), a global leader in specialty chemicals, adopted each of the motions proposed by the Board of Directors by a large majority.

The Annual General Meeting approved the Annual Report and the financial statements, among other things. Discharge was granted to the Board of Directors and the Management Board. The shareholders also approved a payout of CHF 0.25 per share by reducing nominal value.

Hariolf Kottmann (52), Dominik Koechlin (49) and Carlo G. Soave (48) were elected as new members of the Board of Directors for a three-year term of office. They replace Roland Lösser and Kajo Neukirchen, who have decided not to stand for re-election, and Tony Reis, who has stepped down from the Board of Directors. Peter Isler was re-elected.

Clariant's Chief Executive Officer Jan Secher explained to the shareholders the course business had taken in 2007. He said the foundations had been laid for improving the company's profitability and that the path embarked upon would be pursued with resolve. This would mean implementing cost-saving initiatives on the one hand, and further price increases on the other, with both contributing to a better operating margin in 2008. He referred to the fact that the trend towards consolidation in many customer industries would also impact Clariant. The company plans to manage its portfolio more actively in future, and thus benefit from these consolidation moves.

In Secher's words: "We are currently market leaders for many of our products, but very often in highly fragmented markets that are determined by a multitude of smaller competitors. In such markets, it is extraordinarily difficult to achieve appropriate prices or set trends in technology. This requires consolidation. Here at Clariant we have resolved to actively cooperate in the consolidation of these fragmented markets. In future, we will concentrate on those areas of our portfolio where we enjoy good market positions and solid returns. We will build on our leading position here not only through organic growth but also by means of acquisitions."

Secher also highlighted the importance of both innovations in process improvements as well as innovations in new products and technologies. He mentioned an additive to improve the flow of biodiesel, a nanotechnology product that helps to minimize the economic impact of graffiti vandalism and temperature sensitive polymer dyes from renewable resources as recent examples.

Roland Lösser, the outgoing Chairman of the Clariant Board of Directors, set out the company's strategy in his speech. Referring to the high growth rates in the BRIC countries of Brazil, Russia, India and China, he explained that Clariant will focus more strongly on these markets in the future, but without neglecting the traditional markets in the US and Europe, which are set to remain the world's largest chemicals markets for decades to come. With regard to the company's growth prospects for 2008, the Chairman of the Board of Directors explained the importance of closely monitoring economic developments. However, he said any negative trends had yet to affect Clariant's business performance and further growth is predicted for 2008.

####

About Clariant
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.

Clariant, which is represented on five continents with over 100 group companies, employs about 21,000 people. Headquartered in Muttenz, near Basel, Switzerland, it generated sales of CHF 8.5 billion in 2007. Clariant’s businesses are organized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches and Functional Chemicals.

Clariant is committed to sustainable growth springing from its own innovative strength. Clariant’s innovative products play a key role in its customers’ manufacturing and treatment processes or else add value to their end products. The Company’s success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions.

For more information, please click here

Contacts:
Clariant
Media Relations
Arnd Wagner
+41 61 469 61 58
or
Investor Relations
Ulrich Steiner
+41 61 469 67 45

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Spintronics for future information technologies: Spin currents in topological insulators controlled May 2nd, 2016

Nanoparticles present sustainable way to grow food crops May 1st, 2016

Searching for a nanotech self-organizing principle May 1st, 2016

Clay nanotube-biopolymer composite scaffolds for tissue engineering May 1st, 2016

Chemistry

Adding some salt to the recipe for energy storage materials: Researchers use common table salt as growth template April 22nd, 2016

NRL reveals novel uniform coating process of p-ALD April 21st, 2016

Team builds first quantum cascade laser on silicon: Eliminates the need for an external light source for mid-infrared silicon photonic devices or photonic circuits April 21st, 2016

McMaster researchers achieve a first by coaxing molecules into assembling themselves: Major advance creates the potential for useful new materials April 21st, 2016

Announcements

Spintronics for future information technologies: Spin currents in topological insulators controlled May 2nd, 2016

Nanoparticles present sustainable way to grow food crops May 1st, 2016

Clay nanotube-biopolymer composite scaffolds for tissue engineering May 1st, 2016

Cooling graphene-based film close to pilot-scale production April 30th, 2016

Events/Classes

Researchers create a first frequency comb of time-bin entangled qubits: Discovery is a significant step toward multi-channel quantum communication and higher capacity quantum computers April 28th, 2016

Introducing the RE標ORK Bio-inspired Robotics Summit in Berlin April 27th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Team builds first quantum cascade laser on silicon: Eliminates the need for an external light source for mid-infrared silicon photonic devices or photonic circuits April 21st, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic