PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Ciba Reports 2008 Results

Wednesday, March 18, 2009

Comment | More

Ciba (Basel, Switzerland) reported that its 2008 sales were 3% lower than 2007, mainly due to the sharp drop in demand in the plastics and coatings industries during the fourth quarter. European sales dropped by 8%; sales in Swiss francs were down by 9%; and the Americas dipped just 2%. Sales in Asia increased by 4%, despite slowing growth towards the end of the year.

 

Profitability was CHF 308 million for 2008, CHF 244 million lower than 2007. Gross profit margin decreased by 2.1% despite sales prices increasing by 3%.

 

In 2006, Ciba began the Operational Agenda program to streamline processes. Since the program began, 1,900 jobs have been eliminated, with an expected total reduction of 2,500 positions by the completion of the program in 2009. In response to the drop in demand, the company is reducing capacity at production sites and considering temporary plant closures.

   

Tagged categories: Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

DRYCO
Control the Tank with DRYCO

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


Atlantic Design, Inc.
MORE THAN JUST A SALES PITCH!

Simplicity! Dependability! Safety! We’ve built these features into every cleverly engineered inch of our newest models. It’s all there. 866.Call.ADI


CESCO
PRESSURE PRO PRESSURE WASHERS

All types – All sizes to meet your every need.
Available to buy or rent. Shown-Model B5550HGEA511
• Cold Water • Pro Max
• Poly Belt • Gas
24 HP Honda Generator
CESCO Best Value $4065.00 Contact us: 888-772-3726 BlastandPaint.com


ABKaelin, LLC
Quality is our bottom line

Services include:
• Environmental, Health &
  Safety
• Contractor QP Certification
• Quality Assurance Programs
  and Auditing
• SSPC C3/C5 and other
  Training
• Coatings
• Design/Construction
See our website at abkaelin.com or contact us today abkaelin@comcast.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com