Clariant achieved momentum in the second quarter .Net income rose 30% to CHF 146 million compared to CHF 112 million on a like-for-like basis. Gross profit declined to CHF 1.252 billion ,from CHF 1.342 million a year earlier affected by higher raw material costs. Majority of businesses that were able to raise prices above group average were in the Functional Chemicals,Textile, Leather & Paper Chemicals and Masterbatches divisions.Growth momentum in terms of perfomance was notable across all regions especially Germany,Chinas Clariants market.Clariant developed several innovative products in the functional textile area ,including treatments that improved to wind,odours and creasing.Using nano particles further application helps to create extremely soft textiles.Tiny particles are embedded deep in the fabric and the hydrophylic properties of the application also create a comfortable feeling on the skin.Mr Loesser said "Clariant is well underway in creating a leaner and more efficient company and I am confident this will ensure we achieve our goal of being among the leaders in the speciality chemical sector." The company has in addition strengthened its world-leading position in multi-functional coatings based on polysilazanes, in particular in ultra thin coatings. Applications include the creation of coatings resistant to scratching and corrosion as well as coatings that are easy to clean.
Posted On : 10/3/2005 6:28:55 PM