Clariant announces sale of Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd.MUTTENZ Muttenz is a municipality with a population of approximately 17,000 in the canton of Basel-Country in Switzerland. It is located in the district of Arlesheim. , Switzerland Switzerland (swĭt`sərlənd), Fr. Suisse, Ger. Schweiz, Ital. Svizzera, officially Swiss Confederation, federal republic (2005 est. pop. 7,489,000), 15,941 sq mi (41,287 sq km), central Europe. -- Clariant Clariant (SWX: [1]) is a Swiss speciality chemical company which was formed in 1995 as a spin off from Sandoz. The company expanded by the incorporation of the speciality chemicals business of Hoechst (Germany) in 1997 and the acquisition of BTP plc (UK) in 2000. today announced the sale of its Japanese emulsions manufacturer Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd for a total transaction value of 2.4 billion Yen (approx. 27 million 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. ). The transaction marks a further step in Clariant's strategy to sell businesses that are outside its core activities. Clariant Polymers K.K. is a manufacturer and distributor of liquid and powder emulsions that are used in numerous applications primarily in the construction industry. In the year 2003 the company with a manufacturing plant in Ogaki and R&D laboratories in Shizuoka generated sales of approx. 5 billion Yen (around 56 million CHF). All 110 employees will be transferred to the purchasing company. Already in December 2002 Clariant had sold large parts of its emulsions business to the Celanese Group. The Nippon Synthetic Chemical Industry Co. Ltd (Nippon Gohsei) - headquartered in Osaka/Japan - is a major chemical company for the manufacture of acetic acid acetic acid (əsē`tĭk), CH3CO2H, colorless liquid that has a characteristic pungent odor, boils at 118°C;, and is miscible with water in all proportions; it is a weak organic carboxylic acid (see carboxyl group). resins resins, n.pl complex, insoluble, sticky substances secreted by plants. Used as astringents, antimicrobials, and antiinflammatories, and are burned as incense. Can cause oral ulcers and epidermal irritations. , polymers, and electric related materials that end up in various applications in packaging, and electronic products. With around 1'400 employees it generates yearly net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of more than 70 billion Yen. The purchase of Clariant Polymers K.K. will significantly extend its technology portfolio. -end- CALENDAR OF CORPORATE EVENTS March 8, 2005 Full Year 2004 Results April 7, 2005 AGM May 10, 2005 First Quarter 2005 Results August 4, 2005 First Half 2005 Results November 9, 2005 Nine Month 2005 Results Clariant - Exactly your chemistry. Clariant is a global leader in the field of 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. . Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers. Clariant, which is represented on five continents with over 100 group companies, employs about 25,000 people. Headquartered in Muttenz near Basel, it generated sales of around CHF 8.5 billion in 2003. Clariant's businesses are organized in five divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches, Functional Chemicals and Life Science Chemicals. Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play a key role in its customers' manufacturing and treatment processes or else add value to their end products. The company's success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions. www.clariant.com |
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