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.

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.


ITW Binks
Built for Tough Jobs

From Epoxies to Urethanes to other high solid coatings, the new Binks Airless 75 delivers a great finish using an ergonomic design. Visit binks.com for more information.


Paint-Inspector.com
Global provider of paint inspectors

More than 2000 certificated inspectors in one place! Our inspectors are ready to provide their services for your marine, offshore and industrial projects.


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.


Sherwin-Williams
Heat-FLex® Hi-Temp 1200

Improved Corrosion
Resistance
Enhanced Durability
Faster Shop Throughput


Mohawk Garnet
Enska by Mohawk Garnet™

A safe, efficient and economical abrasive alternative to slag and sand products. More information
at 1.866.642.7638 or info@mohawkgarnet.com Email for follow up – mheilimo@mohawkgarnet.com


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.

 
 
 
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