PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Clariant Sales Down, Margin Up

Monday, August 10, 2009

Comment | More

Clariant (Muttenz, Switzerland), a maker of pigments and other specialty chemicals, announced that its second quarter sales for 2009 were down 24% in Swiss Francs (CHF), from the comparable period in 2008. Sales dropped from CHF 2.121 billion in Q2 2008 to CHF 1.609 billion in Q2 2009. Although volumes were down, the gross margin increased to 29.3% from 28.9% in Q2 2008. Net income remained negative, at CHF –61 million, due to restructuring and impairment costs of CHF 74 million. Operating cash flow reached CHF 184 million, compared to CHF 33 million in 2008.

The Pigments and Additives Division remained weak with sales declining 32% in Swiss Francs. Compared to the first quarter of 2009, revenues were up 12%. Business remained under pressure, but demand improved in the decorative and architectural market segments.

The company eliminated 1,423 job positions and plans to remove an additional 500 in 2009. Clariant also plans on simplifying its operational structure effective January 1, 2010.

   

Tagged categories: Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

Manufactured from 100% Recycled Glass.
NO Crystalline Silica,
Beryllium & Arsenic
Great White Metal Finish!
4 plants on Navy QPL
Call us at 866-775-6226


Trelawny Surface Preparation Technology
Surface Preparation Equipment

Manufacturer of needle scalers, grinders, scarifiers and scabblers. Pneumatic tools for Marine and Construction. US distributor CS Unitec: 800-700-5919


SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


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


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


NLB Corporation
Water jet surface prep, high or low

See how quickly HydroPrep® tools do surface prep, with no containment needed. Choose automated Crawler for overhead, Vortex™ for floors, or handheld VertaJet™.


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


DRYCO
The one way to control
a tank: DRYCO

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


GMA Garnet USA
GMA Garnet™
Natural Abrasives

- Superior cleaning
  performance
- Even Profile
- Low Dust
- Cost-Effective
- Environmentally friendly
- Recyclable up to 5 times
Tel : +1 832 243 9300

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
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 2000-2015, 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