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.

N.T. Ruddock Co.

Our Abrasives Hold Up Under Pressure

N. T. Ruddock focuses on abrasive selection, equipment evaluation, equipment maintenance & reduction of abrasive consumption. Other services include Screen Analysis & Background Radiation Testing.


Simpson Strong-Tie
Repair, Protect & Strengthen

Need a coating? Turn to Fox. We have solutions to repair, protect and strengthen concrete, steel and wood substrates. Call 888-760-0369 or email info@foxind.com


CESCO
DELIVERY ANYWHERE - BEST PRICING - FAST!

Lighten your load by buying 50lb. bags at bulk rates. From 50lb. bags to Jumbo Sacks to Bulk Loads, CESCO provides packaging to meet your specific job requirements.
Contact us: 888-772-3726 BlastandPaint.com


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Truss bridge treated with Termarust's (HR CSA) in 1995. This highway & rail truss bridge is still stable and there still is no active corrosion.


Barton International
East Coast Shipyard Cut Blasting Costs 30% with BARTON

A comparison trial convinced this shipyard that they could realize significant savings by switching to Barton’s garnet instead of coal or copper slag.
Watch the video now.


U.S. Zinc

The proven corrosion protection properties of our zinc dust prolong the life of marine coatings. U.S. Zinc – Helping the world work™


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology

 
 
 
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