Ciba Specialty Chemicals creates new Colors division.BASEL, Switzerland--(BUSINESS WIRE)--Aug. 18, 1998-- Combination of Pigments and Textile Dyes divisions to produce one centre of colours expertise geared to profitable growth Strengthening of leading technological base building on core competence Core competence Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. - colour Immediate opportunities to improve operational performance Ciba Specialty Chemicals “Ciba” redirects here. For the pre-1971 company, see Novartis. Ciba Specialty Chemicals is a chemical company based in and near Basel, Switzerland. It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer :CIBN) today announced the creation of the Colors division from the combination of its Pigments and Textile Dyes division resulting in the first specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. business focusing solely on the colours industry. The division will be headed by the present Global President of the Textile Dyes division, Jean-Luc Schwitzguebel. As part of this focus on the colours industry the existing dyes and printing auxiliaries aux·il·ia·ry adj. 1. Giving assistance or support; helping. 2. Acting as a subsidiary; supplementary: the main library and its auxiliary branches. 3. business (DPA DPA - Data Protection Act ) of the Textile Dyes division will be transferred, together with the textile treatment business of the Water Treatments division, to the Consumer Care division. Here they will join the fabric finishing businesses of Consumer Care to form a new business segment Fabric Processing and Finishing. This will be a strong global player in the textile processing  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . and finishing industry. "With this bold move we will create the first specialty chemicals business which focuses exclusively on the colours market, as well as creating a centre of innovation in the textile processing and finishing business," said Hermann Vodicka, Chief Executive Officer, Ciba Specialty Chemicals. "These latest moves indicate our commitment to aggressive and creative management of our portfolio in order to support continued profitable growth". The Colors division and transfer of the DPA business to Consumer Care will be effective 1st September 1998 with completion of these changes planned for end December 1998. The Colors division will focus on the colours markets; textiles, inks, paints, fibres and plastics. "The exchange of knowledge and expertise from two key innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. in the businesses of colour and the pooling of R&D expertise will allow us to further strengthen our technological base allowing us to maintain leadership as a supplier of colour," said Jean-Luc Schwitzguebel designated head of the Colors division. "This technological base will lead to an enhanced focus on high value-added products allowing us to continue to supply our customers with innovative products and services into the future". Global head of the Pigments division Peter Schutz will retire from his divisional responsibilities on 1st September but will retain leadership of the Research Council, promoting and co-ordinating the Group's research and development activities, until March 1999. Whilst changes will be made to areas such as supply chain, marketing and Research and Development, the sales organisation will remain largely unchanged and customers will continue to be serviced by their usual contacts. With the transfer of the DPA business to Consumer Care division customers will benefit from a focused service in the provision of both colours and textile treatments. Operational improvements will be an additional benefit of the merger resulting in substantial cost savings, particularly in central functions. It is expected that 300 positions will be affected world-wide. All attempts will be made to reduce the impact of reorganisation Noun 1. reorganisation - the imposition of a new organization; organizing differently (often involving extensive and drastic changes); "a committee was appointed to oversee the reorganization of the curriculum"; "top officials were forced out in the cabinet including the establishment of a clearing house system to fill existing vacancies within the company. In cases where further employment is not possible comprehensive redundancy packages will be offered including counselling and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Ciba Specialty Chemicals (SWX:CIBN) is one of the world's leading developers and producers of specialty chemicals and operates on a global basis with sales in 117 countries and manufacturing facilities in 29 countries. As a specialty chemicals company, Ciba's businesses produce high-value effects that transform our customer's products. With a vision to shape the industry, our success is driven by innovation, with significant commitment to research and development. The Group reported 1997 sales of CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7.8 billion (excluding Water Treatments). Its five divisions - Additives, Colors (from of September 1, 1998), Consumer Care, Performance Polymers, and Water Treatments (from April 1, 1998) - all have leading positions in their chosen market segments. In 1997, CHF 302 million was spent on R&D to foster innovation across the group. Ciba Specialty Chemicals was listed on the Swiss Exchange Swiss Exchange The major securities market of Switzerland. on 13 March 1997 and is included in the Swiss Market Index (SMI (1) (Storage Management Initiative) The initiative developed by the SNIA in 2003 to create a single standard interface for storage management technologies used by multiple vendors and networking communities. ). Ciba Specialty Chemicals web-site: http://www:cibasc.com
CONTACT: Ciba Specialty Chemicals North America, Tarrytown
O'Patrick Wilson, (914) 785-4045
patrick.wilson@cibasc.com
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Ciba Specialty Chemicals, Basel
Tracy Elms
Corporate Communications
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